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France: SHOM Invites Tenders for Supply of Underwater Sonar Equipment
Business & Finance

France: SHOM Invites Tenders for Supply of Underwater Sonar Equipment

Service hydrographique et océanographique de la marine (SHOM) has announced an invitation for tenders for underwater sonar equipment. Sonar is a technique that uses sound propagation to navigate, communicate with or detect objects on or under the surface of the water. In this case the invitation is

about 14 years ago
UK Based Rolls-Royce to Provide Design and Equipment for Two Farstad’s AHTS Vessels
Business & Finance

UK Based Rolls-Royce to Provide Design and Equipment for Two Farstad’s AHTS Vessels

Rolls-Royce, the global power systems company, has secured a £50 million order to design and equip two advanced offshore anchor handling vessels for Norwegian ship owner Farstad Shipping. The UT 731 CD vessels are designed and equipped to handle anchors for oil rigs, tow rigs to location and also se

about 14 years ago
Croatia: Brodosplit Launches Handy Bulk Carrier Built for Jadroplov Shipping
Business & Finance

Croatia: Brodosplit Launches Handy Bulk Carrier Built for Jadroplov Shipping

On March 30th 2012, Hull 470 was launched at Brodosplit Shipyard in Split, Croatia. The launched ship is HANDY BULK carrier type, with a capacity of 51.900 tons and was contracted for domestic shipping company Jadroplov. The contracted ship is being built under Common structural rules, brought by IA

about 14 years ago
Norway: DNV to Acquire Bergen Based IT Company COEX AS
Business & Finance

Norway: DNV to Acquire Bergen Based IT Company COEX AS

DNV Navigator TM facilitates compliance with the requirements of charterers and port authorities and is often referred to as the “Captain’s Best Friend”. Industry feedback indicates a considerable efficiency gain with DNV Navigator on board, and as much as a 90% reduction in paperwork for certain po

about 14 years ago
Greece: Navios Holdings Receives New Addition in Its Fleet
Business & Finance

Greece: Navios Holdings Receives New Addition in Its Fleet

Navios Maritime Holdings Inc., announced that the Navios Centaurus, a new building Kamsarmax vessel of 81,472 dwt, was delivered today from a South Korean shipyard to Navios Holdings’ owned fleet. The vessel is chartered-out for 2 years at a net rate of $12,825 per day. It is anticipated that the Na

about 14 years ago
Norway: Statoil Recognises Transocean and Island Offshore for Their Well Done Work
Business & Finance

Norway: Statoil Recognises Transocean and Island Offshore for Their Well Done Work

The Transocean Leader unit from Transocean and Island Offshore’s light well intervention vessel Island Frontier have been named by Statoil as its rig and intervention team of 2011 respectively. “These two winners have achieved outstanding results,” Margareth Øvrum, executive vice president for Techn

about 14 years ago
Brazil: First Oil Flows from FPSO OSX-1 to Shuttle Tanker
Business & Finance

Brazil: First Oil Flows from FPSO OSX-1 to Shuttle Tanker

On 28th March, OSX concluded its first offloading procedure, whereby crude oil stored in FPSO OSX-1 storage tanks was pumped to a shuttle vessel, totalling approximately 600 thousand barrels for its anchor client OGX, an oil and gas company responsible for the largest private-sector exploratory camp

about 14 years ago
Denmark: Nordic Tankers Divests Its Chemical Tanker Activities
Business & Finance

Denmark: Nordic Tankers Divests Its Chemical Tanker Activities

Global weakening of the shipping market has prompted a Danish shipping firm, Nordic Tankers to opt for selling of its chemical tanker activities to European investment concern Triton, for a $30 mill. It is sad that the new owner will take over the management organisation as well, but continue operat

about 14 years ago
UK: Aquaterra Undertakes Research Programme with Cambridge University
Business & Finance

UK: Aquaterra Undertakes Research Programme with Cambridge University

Aquaterra is undertaking a Knowledge Transfer Secondment (KTS) scheme with the Computational Structural Mechanics Lab led by Dr Fehmi Cirak at the Cambridge University Engineering Department to assist with the development of their analysis services. Aquaterra Energy opened a Cambridge office in Dece

about 14 years ago
UK’s Rolls-Royce to Design & Equip Farstad’s AHTS Vessels
Business & Finance

UK’s Rolls-Royce to Design & Equip Farstad’s AHTS Vessels

UK’s Rolls-Royce, the global power systems company, has secured a £50 million order to design and equip two advanced offshore anchor handling vessels for Norwegian ship owner Farstad Shipping. The UT 731 CD vessels are designed and equipped to handle anchors for oil rigs, tow rigs to location and al

about 14 years ago
First Vessel in New BBC Euro-Asia Express Line Berth at Sud West Terminal, Germany
Business & Finance

First Vessel in New BBC Euro-Asia Express Line Berth at Sud West Terminal, Germany

On 26 March 2012, the BBC KARAN was the first vessel in the new Europe-Asia service of the multi-purpose and heavy-lift cargo shipping company BBC Chartering to berth at C. Steinweg (Süd West Terminal) in the Port of Hamburg. In Hamburg, the new “BBC Euro-Asia Express Line” service will be offering

about 14 years ago
Norway: BP Extends Maintenance and Modification Contract with Aker Solutions
Business & Finance

Norway: BP Extends Maintenance and Modification Contract with Aker Solutions

BP has decided to extend the maintenance and modification contract with Aker Solutions, exercising an option in the existing agreement for the Ula, Valhall, Skarv, Hod and Tambar fields. Work under the extended contract will last until April 2014, and the contract value is estimated to be in the ran

about 14 years ago
Norway: PSA Conducts Audit of Major Accident Risk in Connection with Light Well Intervention
Business & Finance

Norway: PSA Conducts Audit of Major Accident Risk in Connection with Light Well Intervention

In December 2011 and January 2012, the Petroleum Safety Authority Norway (PSA) conducted an audit of Statoil Petroleum AS (Statoil) and Island Offshore Subsea AS (Island Offshore). The audit was aimed at management of major accident risk and the barrier management system in connection with light wel

about 14 years ago
Germany: Jungerhans Shipping Takes Delivery of Its New Container Vessels
Business & Finance

Germany: Jungerhans Shipping Takes Delivery of Its New Container Vessels

With the taking over of the recent new building, the traditional shipping company Jüngerhans from Haren (Ems) has terminated for the time being their programme of new buildings. With this container cargo ship built at the Korean shipyard Hyundai Samho Heavy Industries, the new flagship of the fleet

about 14 years ago
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