Precious Shipping Ltd, dry cargo ship-owner, announces that it has cancelled the order of a new supramax vessel from Taizhou Sanfu Shipyard. Seatrade Asia reported that Precious Lands Limited said that the company’s subsidiary, which had signed the acquisition agreement, has cancelled the purchase o
A coalition of Pacific Civil Society organizations has called for a slow down in authorization of deep seabed mining in the Pacific Region. Procedures taken by numerous governments to legitimize and fast-track experimental seabed mining exploration as a development opportunity caused concerns among
Two 82.000 DWT Bulk Carrier Vessels built by Sainty Shipbuilding （Yangzhou）in their newly completed dock were successfully launched on 25th November 2011. The vessels built for Singapore client have Loa 229 m, breadth 32.26 m, depth 20.05 m, maximum draught 12.20m and service speed at 14.10knots, th
UK-based specialist pipe measurement technology company Optical Metrology Services (OMS) Ltd has successfully completed an on-site internal… SubseaUK [mappress] Source: SubseaUK , December 02, 2011; Image: OMS
Fairmount Marine’s powerful tug Fairmount Alpine played an important role by preventing a shipping disaster on the coast of Cuba. The crew of the Fairmount Alpine managed to connect with the drifting cargo vessel off Cuba and managed to tow the distressed vessel into safe waters. The cargo vessel wa
Forum Energy Technologies Inc., (Forum) announces the recent sale of a Sub-Atlantic™ Mojave observation ROV to GeoTeam S.r.l. in Rome, Italy. GeoTeam is a solutions based marine survey, construction support and geotechnical contractor with operations in the United Kingdom, Italy and the United Arab
A £47.5 billion business opportunity is opening up for companies in decommissioning the North Sea’s huge infrastructure of offshore oil and gas fields according to new research recently published by Deloitte and Douglas-Westwood. The next 30 years will see enormous demand building for the services o
PPG Industries’ protective and marine coatings business is showcasing an innovative new coating and additional coatings products in Hall W3, Booth 3D11 during the Marintec China 2011 conference and exhibition, Nov. 29 to Dec. 2, at Shanghai New International Expo Center. “PPG is dedicated to develop
Providence Resources P.l.c.,the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, has been awarded Standard Exploration Licence 2/11 in the Kish Bank Basin, offshore Dublin by the the Irish Department of Communications, Energy and Natural Resources. The Licence, wh
Emerald Networks, Inc., a subsea cable system owner/operator that provides low latency transatlantic capacity to the wholesale market, announces that the Group is to install, for completion by the Spring of 2013, the highest capacity, low latency, transatlantic submarine cable system in order to mee
Safe Bulkers, Inc. announced that it has entered into a new period time charter for the Pedhoulas Trader, a 82,300 dwt Kamsarmax class vessel, for a duration of 23 to 25 months, with a forward delivery date in August of 2013, at a gross daily charter rate linked to the Baltic Panamax Index (BPI) plu
Brazil’s Petrobras, one of the world’s largest integrated oil and gas companies, won two coveted awards at the 13th annual Platts Global Energy Awards held Thursday night at a black-tie dinner in New York City. – the “Energy Company of the Year” and “Energy Producer of the Year” – and Andrew Liveris
The European Investment Bank (EIB) has granted a EUR 240 million loan to IREN S.p.A. to complete the regasification plant in Livorno created by its subsidiary OLT Offshore Toscana. The project comes under sectors in which the EIB is traditionally active – energy and environmental protection. In tec
A £47.5 billion business opportunity is opening up for companies in decommissioning the North Sea’s huge infrastructure of offshore oil and gas fields according to new research recently published by Deloitte and Douglas-Westwood. The next 30 years will see enormous demand building for the services o
