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Business & Finance

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Malaysia: Johor Port – Five Year Modernisation Plan
Business & Finance

Malaysia: Johor Port – Five Year Modernisation Plan

Malaysia’s Johor Port has embarked on a five-year business and expansion plan to redevelop and restructure the port infrastructure, and upgrade equipment and facilities. “Industries in Pasir Gudang are growing to the extent that they have now expanded to the Tanjung Langsat Industrial area. Therefor

about 14 years ago
Bermuda: Greater Responsibility to Be Bestowed on Ship Owners
Business & Finance

Bermuda: Greater Responsibility to Be Bestowed on Ship Owners

A greater responsibility is to be bestowed on ship owners in relation to providing medical care to the crew members onboard their vessels, with the new amendments to Merchant Shipping Amendment Act being prepared by the Bermuda House of Assembly, the Royal Gazette informed. The announced changes sti

about 14 years ago
Russia: Sovcomflot Places USD 1 Billion Order with OSC
Business & Finance

Russia: Sovcomflot Places USD 1 Billion Order with OSC

Russian shipping company Sovcomflot has placed a USD 1 billion order for construction of four seismographic ships with Russia’s United Shipbuilding Corporation (OSC), RIA Novosti writes citing Deputy General Director of OJSC United Shipbuilding Corporation Roman Trotsenko. Speaking at the St. Peters

about 14 years ago
Germany: Hamburg Sud Aims to Reduce CO2e Emissions
Business & Finance

Germany: Hamburg Sud Aims to Reduce CO2e Emissions

Hamburg Süd is pressing ahead vigorously with its commitment to environmental protection. The shipping group thus decided recently to set itself an objectively measurable environmental target: by 2020 Hamburg Süd is aiming to reduce the CO2e emissions of its owned and chartered container vessels per

about 14 years ago
Rialto Hires Sapphire Driller Jack-Up for 2013 Drilling Campaign (Ivory Coast)
Business & Finance

Rialto Hires Sapphire Driller Jack-Up for 2013 Drilling Campaign (Ivory Coast)

Rialto has signed an agreement with Vantage Drilling Company to use the Sapphire Driller Jack-up drilling rig for its proposed 2013 drilling programme on the CI-202 Block. The Sapphire Driller, which is currently on a long term contract in Cote d’Ivoire, is anticipated to be handed over to Rialto du

about 14 years ago
Rolls-Royce to Power South Korea Navy’s Frigate with MT30 Gas Turbine
Business & Finance

Rolls-Royce to Power South Korea Navy’s Frigate with MT30 Gas Turbine

Rolls-Royce, the global power systems company, has been selected to supply its MT30 gas turbine to power a new FFX frigate for the Republic of Korea’s Navy. This is the first order for the MT30 in Asia. The FFX frigate will use a single MT30 rather than a pair, which demonstrates that the engine is

about 14 years ago
Spanish Shipyard to Build New PSV for Simon Mokster
Business & Finance

Spanish Shipyard to Build New PSV for Simon Mokster

On June 22 Simon Møkster has signed a contract with Astilleros Gondan in Spain for the building of the advanced Platform Supply Vessel of UT776 WP design. This will be the second vessel Astilleros Gondan constructs for Møkster. Gondan has previously delivered “Stril Merkur”, a multi field support ve

about 14 years ago
BP Sells UK North Sea Interests for USD 280 million
Business & Finance

BP Sells UK North Sea Interests for USD 280 million

BP announced today that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (‘Mitsui’) for $280 million in cash. The sale comprises BP’s non-operating 13.3% stake in Alba and 8.97% stake in Britannia. Completion of the deal is anticipated by

about 14 years ago
GlobeNet Extends Subsea Network to Colombia
Business & Finance

GlobeNet Extends Subsea Network to Colombia

Oi’s international subsidiary – GlobeNet – a leading provider of submarine capacity, announces that it is extending its subsea network to Colombia, thus creating an express route from its future landing on Colombia’s Atlantic coast to Miami, Florida – USA. As a direct extension from its existing sub

about 14 years ago
Simon Møkster Orders Platform Supply Vessel in Spain
Business & Finance

Simon Møkster Orders Platform Supply Vessel in Spain

Simon Møkster last week signed a contract with Spanish shipyard Astilleros Gondan for the building of the advanced Platform Supply Vessel of UT776 WP design. This will be the second vessel Astilleros Gondan constructs for Møkster. Gondan has previously delivered the multi field support vessel “Stril

about 14 years ago
CLIA Honors Seafarers’ Unrelenting Commitment to Maritime Service
Business & Finance

CLIA Honors Seafarers’ Unrelenting Commitment to Maritime Service

In honor of Day of the Seafarer, June 25, Cruise Lines International Association (CLIA) highlighted the industry’s long-standing support of its crewmembers, who help ensure the well-being of the general public and cruise passengers worldwide. “The cruise industry today thanks and honors the 1.5 mill

about 14 years ago
Norway: Solstad Secures Contract for Two AHTS Vessels
Business & Finance

Norway: Solstad Secures Contract for Two AHTS Vessels

Statoil ASA has exercised its option to extend their present contract with Solstad Offshore ASA (SOFF), for hire of the large AHTS “Normand Ferking” (build -07) for 1 year. With this extension the vessel will be on contract to September 2013. Statoil still holds options to extend with further 2 x 1

about 14 years ago
Japan-U.S. Cable Selects Ciena for Trans-Pacific 100G Submarine Network
Business & Finance

Japan-U.S. Cable Selects Ciena for Trans-Pacific 100G Submarine Network

Ciena® Corporation, the network specialist, toay announced that the Japan-U.S. Cable Network is upgrading its trans-Pacific submarine network, which spans close to 23,000 kilometers from the U.S. to Japan, with Ciena’s market-leading coherent 100 Gigabits per second (100G) technology. Expected to be

about 14 years ago
New Joint Venture Emerges on Offshore Wind Market (The Netherlands)
Business & Finance

New Joint Venture Emerges on Offshore Wind Market (The Netherlands)

FRISIA-Offshore, located in Germany, and Offshore Wind Services BV from the Netherlands announced a cooperation agreement. The intention of FRISIA-Offshore and OWS is to invest together in new Crew Transfer Vessels through a joint venture in the coming months. This joint venture will serve as growth

about 14 years ago
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