ICS Welcomes Progress by Governments to help improve Navigational safety in Malacca/Singapore Straits. The International Chamber of Shipping (ICS), which represents 80% of the world merchant fleet, has welcomed the outcome of an important meeting between governments to advance navigational safety in
TI Africa Limited, the owner of FSO Africa, has signed a new agreement with Maersk Oil Qatar AS (MOQ) for the provision of FSO services on the Al Shaheen field offshore Qatar. The contract has a fixed duration of five years beginning 1 October 2012 with an option granted to MOQ to extend the contrac
“The Australian Government should reduce coal exports and take urgent action on the Great Barrier Reef if we are to save it for future generations”, the Australian Greens said today. A shocking new report released by the Australian Institute of Marine Sciences shows the Great Barrier Reef has lost h
The New Zealand Government and Daina Shipping Company (owner of the MV Rena) have reached a comprehensive financial settlement in respect of matters arising from the ship’s grounding on 5 October 2011. Keith Manch, Director of Maritime New Zealand, confirmed that Daina Shipping Company will pay $27.
On the 27th of September 2012, ULJANIK Shipyard delivered yard 499, named “Balaken”, to the Azerbaijan State Caspian Shipping Company of the Republic of Azerbaijan. This is the second of two contracted ships, of 5000 tonnes deadweight, for the transportation of wagons on the Caspian Sea. The ship, o
Scana Industrier ASA has through it’s daughter company Scana Subsea AB entered into a contract for delivery of riser components with a total value of 26 million SEK. The riser components with lengths up to 18 meters will be delivered to the Gulf of Mexico. Production will start in 4(th) quarter 2012
Scana Industrier ASA has through it’s daughter company Scana Subsea AB entered into a contract for delivery of riser components with a total value of 26 million SEK (USD 3.9 million). The riser components with lengths up to 18 meters will be delivered to the Gulf of Mexico. Production will start in
FMC Technologies, Inc. announced today that it has completed the acquisition of Pure Energy Services Ltd. for C$11.00 per share in cash, or approximately C$282 million (US$285 million). Based in Calgary, Canada, and operating in multiple field locations in both Canada and the United States, Pure Ene
Lowestoft based company East Coast Charters Ltd are due to take delivery of thier new vessel ECC Challenger in the next few weeks. The Challenger is built by East Coast Workcats a subsidiarycompany and this vessel marks the first project to be completed. East Coast Charters General Manager Sam McNam
Wave energy developer Carnegie Wave Energy Limited advises that the first milestone payment under its Federal Government grant for its Perth Wave Energy Project has been approved. The payment of $248,561 plus GST is expected to be received by Carnegie in the coming days after approval from the Austr
Aker Solutions has signed a contract with Dong Energy to provide well intervention services for the oil company’s assets offshore Norway and Denmark. Under the contract Aker Solutions will deliver electrical wireline logging services and wireline tractor services at the oil and gas fields where Dong
Rotterdam expects to see container flows triple in the next 25 years. This is due to the growth in world trade, the favourable geographic location and the increase in very large container ships, with a capacity of around 20,000 units each. About 12 million TEU of the total throughput of around 30 mi
Brave Tern Ltd., a wholly owned subsidiary of Fred. Olsen Windcarrier AS, which is indirectly owned on a 50/50 basis by Bonheur ASA and Ganger Rolf ASA, has today taken delivery of the newbuild “Brave Tern” from the Lamprell Shipyard in Dubai. The “Brave Tern” is a self-elevating vessel for installa
GE Oil & Gas, in conjunction with Scotland’s First Minister, Alex Salmond, has announced plans for an $11 million expansion project of its Scotland-based Center of Excellence that will create 40 new jobs by 2013. The announcement comes as the First Minister hosted a round table discussion with key p
