BG Group today issued hybrid bonds totalling US$1.57 billion, another step in the execution of its approved funding plan to support the company’s investment programme. The bonds, which comprise tranches of £600 million and €500 million, mature in 2072. The bonds are long-dated, subordinated securiti
Liverpool headquartered Bibby Line Group grew revenues by 12.1 per cent to £1,295m (2010: £1,156m) in the year to 31 December 2011. The diversified group – which has a wide portfolio of interests including shipping, marine services, logistics, financial services and retail – reported record operatin
On Monday, United Against Nuclear Iran (UANI) applauded the German shipping service Germanischer Lloyd (GL) for pledging to end its certification of Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC). Las
On 06 March 2012 Polarcus Limited received a Letter of Award for a 3D seismic acquisition project offshore Australia. Today, Polarcus Limited announced that the Company has received confirmation of an extension to the previously announced Letter of Award from Woodside. The project extension is expec
The relatively young company METAS has already developed several advanced products for sale. In these days the award winner also awaits important test results from development projects that may greatly improve safety of future subsea operations. Detecting leaks are key words for the two main develop
The Greater Bongkot South field reached the DCQ gas production at 320 MMSCFD adding total supply to 20% of Thailand natural gas demand. Mr. Tevin Vongvanich, the President and CEO of PTT Exploration and Production Public Company Limited or PTTEP has disclosed that the Greater Bongkot South field (GB
Navios Maritime Partners L.P. (Navios Partners), an owner and operator of dry cargo vessels, announced yesterday that it has purchased from Navios Maritime Holdings Inc. the Navios Buena Ventura, a 2010 South-Korean-built Capesize vessel of 179,259 dwt for $67.5 million cash consideration of which $
Polarcus Limited on 06 March 2012 announced that it had received Letter of Award for a 3D seismic acquisition project offshore Australia. Today, the company announces that it has received confirmation of an extension to the previously announced Letter of Award from Woodside. The project extension is
The company that is planning to construct a tidal barrage on the River Wyre estuary says they are ready to fight gas storage company. Namely, the Wyre Tidal Energy has been established to promote and deliver the construction of a tidal barrage across the Wyre Estuary to produce renewable electricity
In a recently completed survey that the American Association of Port Authorities (AAPA) initiated, U.S. seaport agencies and their private-sector partners plan to invest a combined $46 billion over the next five years in wide-ranging capital improvements to their marine operations and other port pro
Kongsberg Maritime has been chosen to supply a suite of upgraded navigation, engine room and Vessel Traffic Service (VTS) simulator hardware and software for an extensive facilities upgrade to the School of Simulation & Senior Marine at South Tyneside College. The upgrade project is being carried ou
Peel Ports has boosted capability on its Liverpool-Manchester barge service, and port infrastructure at its Irlam Container Terminal, through the introduction of a new coaster vessel and investments in a new harbour mobile crane. The arrival of the 160 TEU vessel Monica and a 40 tonne Liebherr mobil
Last month, NOAA Administrator Jane Lubchenco, Ph.D. appointed four new members to the Hydrographic Services Review Panel, a federal advisory committee comprised of maritime officials and industry executives that provide independent counsel and strategic recommendations to NOAA on improving ocean an
Rolls-Royce, the global power systems company, has delivered 13 large azimuth thrusters to the world’s largest construction vessel, currently being built at Daewoo Shipbuilding & Marine Engineering, South Korea for Swiss ship owner and operator Allseas Group. The contract is worth around £18 million
