Wallem Ship Management in Hong Kong has ordered DNV Navigator for its managed fleet of more than 190 ships. The contract also includes the Work and Rest Hours module allowing for compliance with international legislation on rest hours for seafarers. DNV Navigator is a dedicated decisions support too
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a contract award from an international oil company for an Ocean Bottom Cable survey offshore Norway. The total survey duration is expected to be 116 days and the estimated contract value is $24.5m. The survey
Det norske oljeselskap ASA has received the go-ahead to develop Jette. Today, the Norwegian authorities approved the Plan for Development and Operation (PDO) of the field, which is operated by Det norske. Jette is the company’s first field development as operator. CEO Erik Haugane states that this r
Pallas Group has through its subsidiary, Ocean Rederi AB, extended the timecharter contract with Erik Thun AB for the vessel M/V Pallas Ocean for another 12 months. The 12 month period began on l February. “We are now entering the 5th year as owner of M/V Pallas Ocean and in a bad market because of
Oversupply of container vessels operating on the Asia – Europe trade lane has pushed Maersk Line’s container freight rates to unsustainably low levels. In order to rationalise its service, Maersk Line is removing 9% of its vessel capacity currently operating on the Asia – Europe trade. “With this ad
Angus Council requires tenders for a bathymetric survey to be undertaken in Montrose Bay, United Kingdom. The survey is part of phase 3 of the Montrose Beach Environmental Development Plan, which has been undertaken to assess the impact of coastal processes and erosion in Montrose Bay. At present, m
Dredging Corporation of India Ltd has announced its Financial Results for the period ended December 31, 2011. The company has posted net profit / (loss) of (Rs.286) million for the quarter ended Dec. 31, 2011 as compared to Rs.96.3 million for the quarter ended Dec. 31, 2010. Total income was at Rs.
Det norske oljeselskap ASA has received the go-ahead to develop Jette. Today, the Norwegian authorities approved the Plan for Development and Operation (PDO) of the field, which is operated by Det norske. Jette is the company’s first field development as operator. CEO Erik Haugane states that this r
Shanghai Waigaoqiao Shipbuilding Co.,Ltd (SWS), a full owned subsidiary of China CSSC Holdings Ltd, has secured an order to construct four capesize Bulk Carriers by U-Ming Marine Transport Corporation. The newbuilding vessels come with the price tag of approximately USD 50 million per vessel and the
President of Russia’s LUKOIL, Vagit Alekperov, and the Governor of the Astrakhan Oblast Alexandr Zhilkin have recently attended a ceremony in Astrakhan to lay a corner stone for offshore oil and gas facilities at V. Filanovsky field. Memorial tablets were fixed upon the base sections of a riser bloc
The Statnett Group reports profit after tax for 2011 of NOK 1 000 million, the corresponding figure for 2010 was NOK 2 198 million. In the fourth quarter of 2011 profit after tax was NOK 226 million, compared to NOK 567 million in the fourth quarter of 2010. In the fourth quarter of 2011 total [&hel
One of Australia’s leading gas producers, Santos, today reported a net profit of $753 million after tax for the year ended 31 December 2011, 51% higher than the previous year. The 2011 headline result includes a $408 million profit after tax from asset sales, including a 15% interest in the GLNG pro
Russia’s biggest shipping company Sovcomflot announces the acquisition of the region’s leading seismic organization Sevmorneftegeofizika (SMNG), in order to set up a seismic survey business of international specifications. According to Kommersant, Sovcomflot will get 100 percent of the shares in SMN
Floatel International has signed a Contract with BP Exploration Operating Company Limited for provision of its accommodation and construction support vessel Floatel Victory for the Clair Ridge Development project. The Clair Ridge field is located on the UK Continental Shelf, approximately 66 km west
