Nordic American Tankers Limited has taken delivery of its second suezmax newbuilding tanker of 158,000 deadweight tons built at Samsung Heavy Industries Co., Ltd., South Korea. The Nordic Zenith was delivered to the Company November 8, 2011. At the end of 2010, Nordic American had 15 vessels employe
Kongsberg Mesotech unveiled the latest release of MS 1000 software for MS 1071 and MS 1171 Digital Scanning Sonar. This version provides stunning high-resolution underwater records when combined with Kongsberg MS 1171 Profiling Sonar and precision rotators. These added capabilities greatly extend th
Prysmian Group, world leader in the energy and telecom cables and systems industry, is stepping up its expansion into the business of products and services for the offshore oil industry. The new flexible pipes plant in Brazil is now fully operational and the integration with Draka has broadened the
Greatship Global Offshore Services Pte. Ltd. (GGOS), a Singapore incorporated subsidiary of the Company’s subsidiary – Greatship (India) Limited (GIL), had signed contracts for two new building Multipurpose Support Vessels (Builder’s Yard No. 26775 and 26784) with Mazagon Dock Limited, Mumbai in Sep
Nova Scotia continues to be a world leader in tidal energy with the completion of a new $1.3-million visitor centre and the arrival of the subsea power cables required to deliver electricity from the Bay of Fundy to Nova Scotia homes and businesses. The Fundy Ocean Research Centre for Energy (FORCE)
The European wind energy market is just starting to recover from the economic downturn in 2009. As demand stabilises, steady growth is forecast. At the same time, the market is poised for greater consolidation that will result in the emergence of fewer but stronger participants. New analysis from Fr
Last week, GAO testified before the House Subcommittee on Coast Guard and Maritime Transportation regarding offshore energy inspection programs. The written statement, Deepwater Horizon: Coast Guard and Interior Could Improve Their Offshore Energy Inspection Programs (GAO-12-203T), can be accessed b
It has been a year of change for Maersk Line and at Intermodal Europe, on 29 November 2011, the carrier’s new business strategy will be placed under the spotlight during a special one-on-one interview with Søren Toft, Vice President of Operations at Maersk Line. The carrier’s Manifesto for Change, a
DNO International ASA is reporting net profit of NOK 299 million for the third quarter of 2011 versus a loss of NOK 146 million in the same quarter 2010. The strong result is affected by a net positive finance of NOK 301 million in this quarter. In the third quarter the Company delivered a Working [
Taiwan based shipyard Ching Fu has awarded a design contract to FKAB Marine Design with Holland MT as subcontractor for a new 2400 m3 TSHD. The dredger’s concept design has been develop by Ministry of Transportation and Communication Kaohsiung harbor Bureau (KHB), who will own and operate the vessel
Taiwan based shipyard Ching Fu has awarded a design contract to FKAB Marine Design with Holland MT as subcontractor for a new 2400 m3 TSHD. The dredger’s concept design has been develop by Ministry of Transportation and Communication Kaohsiung harbor Bureau (KHB), who will own and operate the vessel
Technip was awarded the options for a two-year extension of the Statoil PRS Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the contract is expected to be in the range of €13-26 million. This contract covers maintenance and operation
Airborne has been awarded a contract by Saipem SA for the engineering, fabrication & delivery of a 2500 meter downline for the Guara & Lula project. The 3 inch ID downline will be used at around 2200 meter water depth for the Pre-Commissioning of the Guara & Lula-NE Gasline Project. By winning this
SSE plc has announced their half year results for the six months to September 2011. Lord Smith of Kelvin, Chairman of SSE, said: “There is no doubt that 2011 has been characterised by turmoil in the global energy markets, economic uncertainty across much of the world and widespread concern about the
