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Norway: Havyard Sells PSV to Vestland Offshore
Business & Finance

Norway: Havyard Sells PSV to Vestland Offshore

Havyard Group AS has sold yet another Havyard 832 design, the 15th of its kind. Yesterday, Vestland Offshore ordered a PSV vessel, with an option for one further delivery. The first vessel to be constructed is of a Havyard 832 L design, whereas the optional ship is of a Havyard 833 design. Both vess

about 14 years ago
India: Gujarat State Pursues Tidal Energy Generation Capacity
Business & Finance

India: Gujarat State Pursues Tidal Energy Generation Capacity

Gujarat state government has revealed its intention to explore, in the upcoming years, the state’s tidal power generation potential, along with solar energy and wind power, in order to pursue huge power generation capacity. This project has already been granted Rs 25 crore. Gujarat Energy Developmen

about 14 years ago
DP World Chairman Tours Caucedo Port, Dominican Republic
Business & Finance

DP World Chairman Tours Caucedo Port, Dominican Republic

His Excellency Sultan Ahmed bin Sulayem, Chairman, DP World, underlined the importance of DP World Caucedo in serving the wider Caribbean region as a hub port as he concluded his tour of the company’s marine terminals in South America with a visit to the Dominican Republic terminal. Mr Bin Sulayem w

about 14 years ago
VBTH Takes Delivery of Its New Dry-cargo Vessel from China
Business & Finance

VBTH Takes Delivery of Its New Dry-cargo Vessel from China

VBTH holding accepted delivery of dry-cargo vessel “Malachite” of DCV36 project into its operation (building No. QHS-305). The vessel was built by Qingdao Hyundai Shipbuilding Shipyard (Qingdao, China). Unlike previous dry cargo vessels series (RSD44 and RSD49 projects) built for the holding, DCV36

about 14 years ago
Australia: ASCO to Build Marine Supply Base in Darwin
Business & Finance

Australia: ASCO to Build Marine Supply Base in Darwin

ASCO Group, the world’s leading oil and gas logistics company, has been awarded the contract to build and operate a Marine Supply Base in Darwin, Australia. Work on the $110 million base will commence in April and be completed by the end of 2013. The project is being developed through ASCO’s subsidi

about 14 years ago
Singapore: Sembcorp’s Full-Year Profit Down 13%
Business & Finance

Singapore: Sembcorp’s Full-Year Profit Down 13%

Singapore based Sembcorp Marine reported full year net profit at $752 million amid a volatile and uncertain macroeconomic environment that affected the global markets. Group net profit was 13% lower than in 2010 with earnings per share at 36.13 cents. Return on equity was 30%. Group turnover at $3,9

about 14 years ago
Kenya’s LION2 Submarine Cable Goes Live in April
Business & Finance

Kenya’s LION2 Submarine Cable Goes Live in April

Kenya’s fourth submarine cable, the Lower Indian Ocean Network (LION2), will go live in April, the CapitalNews noted. The cable was landed in Mombasa in December 2011 and is at this time waiting for connection, the Orange Kenya company informed. Company’s Chief Corporate Communications Officer said

about 14 years ago
Germany: Rickmers Group Gets New Deputy CFO
Business & Finance

Germany: Rickmers Group Gets New Deputy CFO

Dr Mark-Ken Erdmann will join Rickmers Holding in Hamburg as Deputy CFO as of 1 July 2012. In this position, he will be responsible for a broad range of corporate functions including Accounting & Controlling, Tax, IT, Human Resources, Legal Affairs, as well as Mergers & Acquisitions. He will report

about 14 years ago
UK: Sigma Offshore Welcomes New Member to Its Team
Business & Finance

UK: Sigma Offshore Welcomes New Member to Its Team

International FPSO moorings and marine engineering services business, Sigma Offshore, has added new impetus to its growth plans by appointing an experienced industry figure to head up one of its key service areas. Geir Eik has become Vice-President Internal Turret Systems at Aberdeen-headquartered S

about 14 years ago
UK: Alnmaritec, BMT Nigel Gee Complete Design of Fast Patrol Boat
Business & Finance

UK: Alnmaritec, BMT Nigel Gee Complete Design of Fast Patrol Boat

In partnership with Northumbrian boat builder, Alnmaritec, BMT Nigel Gee Ltd, a subsidiary of BMT Group Ltd the leading international maritime design and engineering consultancy has recently completed the design and delivery of its 40 knot fast patrol boat design. The vessel is destined for the Arab

about 14 years ago
Deep Sea Supply Secures Four Long Term Contracts in Brazil
Business & Finance

Deep Sea Supply Secures Four Long Term Contracts in Brazil

Deep Sea Supply announces that the company has been awarded long term contracts with Petrobras for the four vessels Sea Fox, Sea Jackal, Sea Vixen and Sea Stoat. The AHTS vessels will perform duties for Petrobras in Brazil. The contract periods are 4 year firm plus 4 year option for all the vessels.

about 14 years ago
Brazil’s Petrobras Hires 4 AHTS from Deep Sea Supply
Business & Finance

Brazil’s Petrobras Hires 4 AHTS from Deep Sea Supply

Deep Sea Supply has secured long term contracts with Petrobras for the four Anchor Handling Tug Supply vessels Sea Fox, Sea Jackal, Sea Vixen and Sea Stoat. The vessels will work for Brazilian oil giant Petrobras. The contract periods are 4 year firm plus 4 year option for all the vessels. Total net

about 14 years ago
Scotland and England Strive to Create Hub for Offshore Wind Industry
Business & Finance

Scotland and England Strive to Create Hub for Offshore Wind Industry

Scotland and England are competing to create hub for $52 billion offshore wind industry. Leith, the port area of the Scottish capital, Edinburgh, and the northeast English coastal town of Hartlepool are striving for an investment worth 150 million-pound ($237 million) from a Spanish wind-turbine mak

about 14 years ago
Scotland and England Strive to Create Hub for Offshore Wind Industry
Business & Finance

Scotland and England Strive to Create Hub for Offshore Wind Industry

Scotland and England are competing to create hub for $52 billion offshore wind industry. Leith, the port area of the Scottish capital, Edinburgh, and the northeast English coastal town of Hartlepool are striving for an investment worth 150 million-pound ($237 million) from a Spanish wind-turbine mak

about 14 years ago
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