Eckero Line will reportedly obtain Moby Freedom, a new ship for Helsinki-Tallinn route, which will replace the old Norlandia as soon as she retires. Constructed in South Korea by DSME in 2001, Moby is currently operating in Italy between Rome and Sardinia. Prior to entering service, Moby will underg
ConocoPhillips annonces that it has entered into an agreement to sell its Vietnam branch for a total of $1.29 billion plus customary working capital adjustments. The U.S. oil giant has entered into definitive agreements with Perenco to sell its three wholly-owned subsidiaries that separately hold it
Looking ahead to 2012, Technip, one of the world’s largest provider of specialized services for the oil and gas industry, said today that the company’s clients show confidence in oil and gas prices and continue investing to meet challenging production targets. Success in their exploration programs,
As part of the Roosevelt Island Tidal Energy project, 30 turbines are being installed along the strait that connects the Long Island Sound with the Atlantic Ocean in the New York Harbor. The project, led by Verdant Power, Inc., is the first ever commercially licensed tidal energy project in the Unit
Oceaneering International, Inc. reported record fourth quarter and annual earnings for the periods ended December 31, 2011. For the fourth quarter of 2011, on revenue of $574.2 million, Oceaneering generated net income of $58.3 million, or $0.54 per share. During the corresponding period in 2010, Oc
Maritime and Port Authority of Singapore (MPA) informs the shipping, harbour craft and pleasure craft communities in Singapore’s waters that the submarine cable installation works in the vicinity off Changi East will start next week. The submarine cable installation will entail pre-trenching works,
First Minister Alex Salmond thinks that independent Scotland could cash in GBP 30 billion from green energy over 20 years. He said that unparalleled energy resources would give Scotland a huge competitive advantage over the rest of Europe, reports The Guardian. The country has 25% of Europe’s tidal
Drydocks World, the international player in ship repair, conversion and new building has signed a Memorandum of Understanding with Goltens, an international company offering wide-ranging services for maintenance and mechanical works. The MoU would enable the companies to take advantage of each other
The newly appointed CEO of Petrobras, Maria das Graças Silva Foster, welcomed the Prime Minister of Finland, Jyrki Katainen, at the Company’s headquarters in Rio de Janeiro yesterday (Feb. 15). The Scandinavian nation is seeking opportunities for its industry as a supplier of goods and services to P
Flotation specialist Superior Plastech has released its newly designed next generation range of hose and pipe floats. Designed for multiple industrial marine applications, uses include dredging, mining, water treatment and aquaculture. The floats are high-impact rotomoulded polyethylene and have int
This year Amarcon noticed an increase in orders for her hydrodynamic analysis software: OCTOPUS-Office. In the last few months major companies within the maritime industry like Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), Mammoet and RWE Innogy placed an order for the software. Newcomer within
South Boats Special Projects Ltd. announces the launch and commissioning of its 52nd offshore wind farm crew transfer vessel, ‘Abersoch Bay’ to Turbine Transfers Ltd. Designed as a technology demonstration vessel to ‘live test’ new solutions for the industry, ‘Abersoch Bay’ incorporates equipment th
Gazprom chairman Alexey Miller, held a meeting on the South Stream project implementation. Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department, and Marcel Kramer, Chief Executive Officer of South Stre
Alexey Miller, Chairman of the Gazprom Management Committee held a meeting on the South Stream project implementation. Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department, and Marcel Kramer, Chief Exe
