The Crown Estate earned a net profit (income surplus) of £230.9 million in the year ending 31 March 2011, up 9.6 per cent on the previous year. This marks a record return for the business, which pays its profit to the Treasury for the benefit of the nation’s finances. For the first time The [&hellip
Yestreday Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriersand an international provider of worldwide seaborne transportation services for dry bulkcargoes, announced it has entered into period charter fixtures for yet another two vessels in its Kamsarmax/ Panamax fleet. Namely,
China-based private shipbuilder Jinhai Heavy Industries has won its first containership order from UK-based Graig Shipping to build 26 units… (SeatradeAsia) [mappress] Source: Seatrade-asia, July 7, 2011;
TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it has entered into an agreement to sell the M/V ASTRALE, a 75,933 dwt Panamax drybulk vessel built in 2000. The vessel
Insituform Technologies, Inc. announced today that its subsidiary, CRTS, Inc., has been awarded a $48.4 million contract from Snamprogetti Saudi Arabia Ltd., a subsidiary of Eni S.p.A., to provide robotic coating of internal field joints for Saudi Aramco offshore pipelines that will transport natura
Consilium Marine Group, a worldwide supplier of marine products and customer services, and Orange Business Services, a leading global integrator of communication solutions, announces that they have signed a high-level global cooperation agreement. Consilium will globally market Orange marine VSAT co
Internet provider Bezeq International has completed installation of the first segment of an underwater cable that is planned to reach all… (IsraelNationalNews.com) [mappress] Source: IsraelNationalNews.com, July 07, 2011;
EXMAR announces that the OPTI-EX® floating production system has been successfully delivered to LLOG Deepwater Development Company on July 5th, at Mississippi Canyon 547 in the Gulf of Mexico. Mooring and installation of the OPTI-EX® will follow. Processing capacity of the OPTIEX® is 60,000 BOPD and
The International Forum “Marine Industry of Russia” 2011 (18-20 May, 2011) has successfully finished its work. 268 companies from Russia, Germany, Hungary, Croatia, Poland, Finland, Switzerland, Norway, the Netherlands and Ukraine showcased their products and participated in the business events of t
Maritime and Port Authority of Singapore announces start of dredging works off Cyrene Reefs and Jong Fairway. Dredging works will be carried out by the dredger,“Pandora” and which will be held in position by 4-point anchor mooring system. There will be circular safety working zone of 70-metres radiu
Alewijnse Marine Systems is playing a significant role in the conversion of the jack-up drill rig Atlantic Labrador to offshore hotel accommodation. Built back in 1983, the rig arrived at Scheldepoort Repair & Conversion Yard in Vlissingen on June 26 and the refit will take a few months. This major
Hallin Marine, a Superior Energy Services company, has extended its Malaysian presence with the commencement of a series of inspection, repair and maintenance (IRM) operations for oilfield operators active off the peninsula. “This is a multimillion U.S. dollar contract with its central focus on satu
Sri Lanka based SOLAS Marine has won an order for 80 fast interception craft from the Indian Navy in a deal valued at 3,000 million rupees… (lankabusinessonline) [mappress] Source: lankabusinessonline , July 7, 2011;
Dragon Oil plc , an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) B/157 development well. The Dzheitune (Lam) B/157 well was drilled to a depth of 2,900 metres and completed as a single producer by the Iran Khazar ri
