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Business & Finance

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France: FREMM Multimission Frigate Normandie Launched
Business & Finance

France: FREMM Multimission Frigate Normandie Launched

On 18 October 2012, DCNS celebrated the launch of FREMM multimission frigate Normandie in the presence of Jean-Yves Le Drian, French Minister for Defence, and Pierre Moscovici, Minister for the Economy and Finance. This latest success is a further demonstration of DCNS’s industrial vigour and vitali

about 14 years ago
Antrim Announces Oil Discovery at Contender in UK Northern North Sea
Business & Finance

Antrim Announces Oil Discovery at Contender in UK Northern North Sea

Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, announced preliminary results of drilling operations from well 211/21-N94 (the “Contender Well”) in UK Northern North Sea Block 211/22a Contender Area (the “Contender Block”, Antrim interest 8.4

about 14 years ago
UK: EEEGR Chairman Steps Down
Business & Finance

UK: EEEGR Chairman Steps Down

Alan Barlow is stepping down as chairman of EEEGR, the East of England Energy Group, after a two-year stint helping steer the association through a period of change and development. He became the first executive chairman of the 380-member group in 2010 and the formal announcement of his departure ca

about 14 years ago
Rolls-Royce to Power US Navy’s New SSC Hovercraft Fleet
Business & Finance

Rolls-Royce to Power US Navy’s New SSC Hovercraft Fleet

Rolls-Royce, the global power systems company, has won a contract to power the U.S. Navy’s future fleet of hovercrafts, known as the Ship-to-Shore Connector (SSC). The Group will work with Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. company, which has been sel

about 14 years ago
Rongsheng Heavy Opens Singapore Base, Secures Order for Deepwater Tender Barge
Business & Finance

Rongsheng Heavy Opens Singapore Base, Secures Order for Deepwater Tender Barge

China Rongsheng Heavy Industries Group Holdings Limited announces the establishment of Rongsheng Offshore & Marine Private Limited (“Rongsheng Offshore & Marine”), the Group’s new offshore engineering base, in Singapore. The company will focus on research and development, marketing and “Engineering,

about 14 years ago
Norway: Plexus to Supply POS-GRIP Wellhead Equipment to Lundin
Business & Finance

Norway: Plexus to Supply POS-GRIP Wellhead Equipment to Lundin

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has secured a £2 million contract to supply for the first time its high pressure high temperature (‘HPHT’) POS-GRIP fri

about 14 years ago
RSHI Establishes New Offshore Engineering Base in Singapore
Business & Finance

RSHI Establishes New Offshore Engineering Base in Singapore

China Rongsheng Heavy Industries Group Holdings Limited announced the establishment of Rongsheng Offshore & Marine Private Limited, the Group’s new offshore engineering base, in Singapore. The company will focus on research and development, marketing and “Engineering, Procurement and Construction” (

about 14 years ago
Norway: IKM Subsea Adds Forum Sub-Atlantic ROVs to Their Fleet
Business & Finance

Norway: IKM Subsea Adds Forum Sub-Atlantic ROVs to Their Fleet

Forum Energy Technologies, Inc. announced that IKM Subsea recently added two Forum Sub-Atlantic Remote Operated Vehicles (ROVs) to their existing fleet. IKM Subsea plans to deploy immediately Sub-Atlantic Mohican and Comanche vessels in the North Sea and Singapore respectively. This recent addition

about 14 years ago
Canada: Lantic and Fednav Celebrate 45 Years of Business
Business & Finance

Canada: Lantic and Fednav Celebrate 45 Years of Business

Fednav Limited, Canada’s largest international dry bulk maritime transport group, last week marked the first visit of its ship, Federal Sable, to the Lantic Sugar Terminal at the Port of Montreal. This event highlights the exceptional partnership between these two Montreal institutions. Federal Sabl

about 14 years ago
Sterling Sells 65 pct Interest in Portion of Midia Block in Romanian Black Sea
Business & Finance

Sterling Sells 65 pct Interest in Portion of Midia Block in Romanian Black Sea

Sterling Resources Ltd. announces that it has signed a sale and purchase agreement with ExxonMobil Exploration and Production Romania (“EMEPR”) and OMV Petrom for the sale of its 65 percent interest in a portion of the Block 15 Midia in the Romanian Black Sea (the “Sale Portion”). The Sale Portion i

about 14 years ago
South Korea: Hyundai Mipo Starts Construction of SCF Group’s Second LPG Carrier
Business & Finance

South Korea: Hyundai Mipo Starts Construction of SCF Group’s Second LPG Carrier

The official steel cutting ceremony for SCF Group’s second LPG carrier (Sibur Voronezh), ordered for operation under contract to the petrochemical company SIBUR, took place on October 15th at Hyundai’s Mipo shipyard in South Korea. In March 2012 Russia’s leading shipping company, SCF Group, signed a

about 14 years ago
New Anglia LEP Secures GBP 3 Million for Business Growth Fund (UK)
Business & Finance

New Anglia LEP Secures GBP 3 Million for Business Growth Fund (UK)

The New Anglia Local Enterprise Partnership has been awarded £3m from the Government’s Regional Growth Fund to establish a business growth fund. The New Anglia Business Growth Fund will create around 500 jobs by offering business growth grants of between £25,000 and £100,000 to SMEs in Norwich, Ipsw

about 14 years ago
Russia: Vyborg Shipyard Lays Keel for Icebreaker of New Generation
Business & Finance

Russia: Vyborg Shipyard Lays Keel for Icebreaker of New Generation

On October 17, 2012 a ceremony of laying of a 16 mWt new generation icebreaker of project 21900M for FSUE “Rosmorport” was held at the Vyborg shipyard in the presence of the Minister of Transport of the Russian Federation Viktor Olersky and deputy General Director for fleet of the FSUE “Rosmorport”

about 14 years ago
UAE: Mastech to Stay on Board Gulf Maritime Trade Fair
Business & Finance

UAE: Mastech to Stay on Board Gulf Maritime Trade Fair

Increasing energy efficiency standards, safety concerns and demand for design innovations are set to bring naval architects and engineering professionals to one of the world’s foremost international maritime conference ‘Mastech 2013’ on naval architecture, shipbuilding and oil and gas to be held in

about 14 years ago
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