SCF Sovcomflot (SCF Group) reported results for the nine month period ended 30 September 2011. SCF Highlights – Gross revenues USD 1,075.6 million (+ 7.9 pct) – Time charter equivalent (TCE) revenues USD 697.3 million (-3.5 pct) – EBITDA USD 361.0 million (-13.7 pct) – Net profit USD 46.6 million (-
New Zealand can’t afford to write off the potential for wealth and growth in its oil, gas, and mineral estate, says the Institute of Profess… By Patrick Smellie (3news) [mappress] Source: 3news , December 09, 2011
During the same week that Cai Mep International Terminal (CMIT) was officially inaugurated by HRH The Crown Prince of Denmark and the Vice Minister of Transportation of Vietnam, CMIT also achieved a new productivity milestone for handling a container vessel in Vietnam. Whilst working the Gjertrud Ma
Petrobras’ Director for Exploration and Production, Guilherme Estrella, won the 2011 Dewhurst award at the 20th World Petroleum Congress (WPC) in Doha, Qatar, on Thursday, Dec. 8. The award is named after Thomas Dewhurst, who created the first WPC back in 1933. World Petroleum Congress President Ran
OOCL introduces the New Zealand – Northeast Asia Express (NZN), a new fixed-day weekly service that will broaden company’s market coverage and provide more efficient and high quality services to customers starting on December 24, 2011. This new service is in addition to existing New Zealand – Southe
The leading north east England-based engineering company IHC Engineering Business (IHC EB), part of IHC Merwede, has won the NOF Energy Innovation & Technology Award, for its work on the 2,500t J-Lay tower — one of the most versatile pipelay systems in the world, designed and built for Saipem for us
The leading north east England-based engineering company IHC Engineering Business (IHC EB), part of IHC Merwede, has won the NOF Energy Innovation & Technology Award, for its work on the 2,500t J-Lay tower — one of the most versatile pipelay systems in the world, designed and built for Saipem for us
The leading north east England-based engineering company IHC Engineering Business (IHC EB), part of IHC Merwede, has won the NOF Energy Innovation & Technology Award, for its work on the 2,500t J-Lay tower — one of the most versatile pipelay systems in the world, designed and built for Saipem for us
Fairmount Marine’s powerful tug Fairmount Expedition has safely delivered a 18,000 ton topside for process, utilities and living quarters for the Castor project offshore Spain. The topside was loaded onto Heerema’s H-541 barge and towed from Corpus Christi towards Spain. The Castor project is a 1,3
Phoenix Ltd., the company investing in the Bronka project started construction of pile foundation of Berth Number 5 as it was scheduled. The following expansion phase of the transshipment hub based near Big Port St. Petersburg commenced on December 7. The company plans to complete the construction o
Fairmount Marine’s powerful tug Fairmount Expedition has safely delivered a 18,000 ton topside for process, utilities and living quarters for the Castor project offshore Spain. The topside was loaded onto Heerema’s H-541 barge and towed from Corpus Christi towards Spain. The Castor project is a 1,3
Ithaca Energy Inc. announces progress on the BW Athena Floating Production, Storage and Offloading (FPSO) vessel. The FPSO conversion scope, which is the responsibility of BW Offshore, has proved to be more extensive than was envisaged at the start of the project. In spite of the increase in the amo
DSIT Solutions Ltd., a subsidiary of Acorn Energy, Inc. announced the receipt of its largest order ever for underwater security systems. The contract calls for the delivery of a large number of AquaShield™ Diver Detection Sonar (DDS) and PointShield™ Portable Diver Detection Sonar (PDDS) systems tha
The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1995 built Medium Range (MR) product carrier “Jag Pratap” (about 45,600 dwt) to the buyers. With the delivery of this vessel, the Company’s current fleet stands at 34 vessels, comprising 24 tankers (9 crude carriers, 14 product car
