TORM has entered into an agreement to sell its 50% stake in the joint venture entity Ugland & TORM Shipowning ApS. The joint venture’s main asset is a 2007-built LR1 vessel, TORM Ugland. The transaction leads to a P&L loss of approximately USD 5 million, which will be recognized in the financial sta
Aquaterra Energy has been awarded a contract to supply 12 centralisers for a platform in the North Sea. The existing centralisers had reached their design life and will be replaced with new centralisers designed by Aquaterra. The centralisers, which will be optimised for the customer’s requirements,
Civic, port and industry leaders gathered Monday on the docks of the Port of Long Beach to launch a pioneering project to build a highly advanced terminal that will feature the most modern and clean technologies available to move cargo. Marking the occasion with the driving of a commemorative “golde
Bumi Armada, the largest OSV owner and operator in Malaysia, has accepted delivery of two Anchor Handling Towing Supply vessels (AHTS) from Beauty Offshore Limited and Bay Offshore Limited, both subsidiaries of Sanko Steamship, one of Japan’s largest ship owners. The two 12000 bhp AHTS vessels – San
Hallin Marine’s Australian operation has entered into a long term charter with Fremantle-based Salter Offshore for the innovative new catamaran ‘Outer Limit’. A dynamically positioned subsea and offshore operations support craft, the Outer Limit sets new standards for vessels in this sector. With ac
Mermaid Maritime Public Company Limited, provider of subsea and drilling services for the offshore oil and gas industry, has secured a contract award with its existing client, an international upstream oil and gas company, to provide drilling and related services using the tender drilling rig ‘MTR-2
China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, has collaborated with China National Offshore Oil Corporation (“CNOOC”) to complete construction of a 3,000-meter deepwater pipe laying crane vessel (“DPV”) “HAI YANG SHI YOU 201.” The vessel has set sa
GEO.xyz continues to invest in bespoke survey & support vessels and survey equipment. During All Energy 2012, “Geosurveyor VIII” will be presented as the fifth multipurpose catamaran in the GEO.xyz-fleet of vessels. With an MCA cat. 2 certificate, for operations up to 60 nm from safe haven, this new
‘Seven Borealis’, Subsea 7’s flag ship designed by Ulstein, is currently in Rotterdam (the Netherlands) for final outfitting at the Huisman facilities. The vessel is the first customized version of Ulstein Sea of Solutions’ successful SOC 5000 vessel design and fully developed by the Netherlands bas
China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, has collaborated with China National Offshore Oil Corporation (CNOOC) to complete construction of a 3,000-meter deepwater pipe laying crane vessel HAI YANG SHI YOU 201. The vessel has set sail for the L
P&O Ferries, the UK’s leading ferry operator, has made its first major investment in the energy market by converting one of its large ro-ro ships to act as an accommodation vessel for technicians working at an offshore wind farm in the North Sea. The 23,000 tonne European Seaway has commenced a thre
Nova Scotia has taken another step towards turning its abundant ocean energy resources into an affordable supply of clean, renewable electricity. The province released a plan yesterday, May 14, that outlines how it will use local expertise and knowledge to develop the emerging energy sector. The Mar
Hallin Marine’s Australian operation has entered into a long term charter with Fremantle-based Salter Offshore for the innovative new catamaran ‘Outer Limit’. A dynamically positioned subsea and offshore operations support craft, the Outer Limit sets new standards for vessels in this sector. With ac
DSME won a new order for two semi-submersible rigs with Norway based Songa Offshore during the Offshore Technology Conference (OTC) held in Houston, U.S.A on 3rd May. The value of this contract is approximately 1.1 billion USD and the rigs will be delivered in the middle of 2015. After delivery, the
