Ithaca Energy Inc. has ceased discussions with all parties regarding the potential acquisition of all of the outstanding shares of the Company. As previously announced, the Company received, initially, a confidential, non-binding proposal to acquire all of the outstanding shares of the Company and,
The National Shipping Company of Saudi Arabia Bahri announces that its 80% owned subsidiary company The National Chemical Carriers Ltd. Co. (NCC) received on Tuesday, 29th May 2012 in Korea a new chemical tanker named NCC SHAMS with DWT of 45,000 tons from SHINAsb (previously SLS) of South Korea, as
Veripos, a world leader for provision of GNSS positioning support to the offshore oil and gas industry, has been commissioned by Aberdeen-based Specialist Subsea Services (S3), the survey, positioning and ROV subsidiary of the Reef Subsea group of companies, to supply facilities and equipment aboard
The South Korean shipyard STX Offshore and Shipbuilding began steel cutting for the first high-tech ship a series of four liquefied natural gas (LNG) carriers. The ships will be built on a joint class of Russian Maritime Register of Shipping (RS) and Lloyd’s Register (LR) with the symbol KM (*) Ice2
Reef Subsea AS announced that it has successfully completed two contracts for its new subsea support vessels to perform their maiden operations. The Reef Despina and Reef Larissa have recently completed their first projects for Aker Solutions and Heerema Marine Contractors, respectively. Reef Subsea
Reef Subsea AS announced that it has successfully completed two contracts for its new subsea support vessels to perform their maiden operations. The Reef Despina and Reef Larissa have recently completed their first projects for Aker Solutions and Heerema Marine Contractors, respectively. Reef Subsea
Veripos, a world leader for provision of GNSS positioning support to the offshore oil and gas industry, has been commissioned by Aberdeen-based Specialist Subsea Services (S3), the survey, positioning and ROV subsidiary of the Reef Subsea group of companies, to supply facilities and equipment aboard
Lomar has increased its fleet size further with an order for up to six new container ships. The 1,100 nominal TEU capacity vessels are geared and have a homogeneous load capability of 705 TEU at 14mt/TEU. These vessels are being built by Yangzijiang Shipbuilding (Holdings) Ltd., a private shipyard i
After relocating to Brinsworth to a state-of-the-art manufacturing facility, MTL Group has almost doubled its export, the Rotherham Business News reports. The company has invested GBP 1million in new machinery that has enabled it to become a specialist in volume manufacturing, allowing it to make a
Mikhail Fridman has submitted a letter of resignation to TNK-BP Ltd.’s Board of Directors, notifying his resignation from the position of Chief Executive Officer of the TNK-BP Group. Mikhail Fridman has also sent TNK-BP shareholders a letter of resignation from the position of Chairman of the Manage
UAE-based Topaz Energy and Marine Ltd. (Topaz), a leading oilfield services multinational and a subsidiary of Renaissance Services, has signed phase one of a US$ 330 million loan agreement with a syndicate of banks towards the refinancing of some of its existing loans. The deal paves the way for ext
Lantern Maritime Company and PT Berlian Laju Tanker Tbk announce that they have reached a settlement which will bring to an end all litigation and disputes between them in respect of the Chem Ranger (formerly MT Wilutama) and, more recently the MT Partawati. The terms of the settlement agreement are
Pallas Shipping is negotiating with a major European oil companies on an employment contract for the company´s vessel M/T Pallas Glory. The parties have made considerable progress in the negotiations which may mean that any contract signing can take place in late June 2012. Will the parties agree th
Port of Salalah’s general cargo terminal and liquid jetty project has been initiated by the Ministry of Transport and Communications at a preliminary meeting held recently with key stakeholders from the ministry, port and winning contractor. The project will increase cargo handling capacity to 20 mi
