Otto Marine held a vessel naming ceremony for ‘Norshore Atlantic’ at its Batam Shipyard, Indonesia, on 28 February 2014. The Norshore Atlantic is one the first of its kind to be successfully constructed by an Asian yard. It is an efficient and environmental friendly multi-purpose drilling vessel bui
CCCC Shanghai Dredging Co., Ltd. has recently won the bid for Phase 1 dredging project of a 12.5-meter Yangtze River deepwater channel down Nanjing. This channel has a length of some 57 kilometers, an excavated bottom width of 500 meters, a designed depth of 12.5 meters, a minimum turning radius of
Plexus Holdings PLC, has agreed a new three year contract with AGR Well Management Limited. Under the Contract, Plexus will supply both its standard pressure and High Temperature/ High Pressure (‘HPHT’) POS-GRIP® wellhead technology and mudline services to AGR for oil and gas exploration activities
APM Terminals has announced its 2013 business results and delivered an increased profit of USD 770m and a return on invested capital of 13.5% (15.2%), reflecting improved underlying performance but also a higher asset base due to the continued high investment level. The expansion into high growth ma
Plexus Holdings PLC (Plexus) secured a new three-year contract with drilling and engineering company AGR Well Management Limited (‘AGR’). Under the Contract, Plexus will supply both its standard pressure and High Temperature/ High Pressure (‘HPHT’) POS-GRIP® wellhead technology and mudline services
The American Association of Port Authorities (AAPA) yesterday said it commends steps taken this week by President Barack Obama, the House Transportation & Infrastructure Committee, and by House Ways and Means Chairman Dave Camp (R-MI) toward increasing the investment in transportation infrastructure
According to the press-service of the State Enterprise Ukrainian Seaports Authority, all the ports of Ukraine are operating normally. USPA fulfills its obligations before private and public stevedoring companies and preserve an ongoing dialogue with contractors of the enterprise. Partners have exhau
The American Association of Port Authorities (AAPA) 2014 Maritime Economic Development Workshop, hosted by the Port of San Diego, drew nearly 80 economic development professionals from the port community and three of AAPA’s four geographic delegations (the United States, Canada and the Caribbean) to
The Panama Canal Authority (ACP) announced the end of talks with the new locks project contractor Grupo Unidos por el Canal, S.A. (GUPC), through which a conceptual agreement has been reached subject to documentation, review and final signature by the parties. The conceptual agreement falls within t
In 2013, DEME reached a turnover of EUR 2.53 billion in 2013. Compared to the previous year, this represents an increase of 32% and a record turnover. Ebitda increased by 25% to EUR 437.8 million, and net profit amounted to EUR 109.1 million, an increase of 22% compared to 2012. The order book – wel
L-3 SAM Electronics has been awarded a major contract to provide complete electrical packages, as well as integrated navigation, automation, communications, energy distribution and propulsion systems for Ceona Amazon, the 199-meter offshore construction and pipelaying vessel to be delivered this com
L-3 SAM Electronics has been awarded a major contract to provide complete electrical packages, as well as integrated navigation, automation, communications, energy distribution and propulsion systems for Ceona Amazon, the 199-meter offshore construction and pipelaying vessel to be delivered in Octob
M/s PSA Investments Pvt. Ltd. has won a contract for development of 4th Container Terminal at Jawaharlal Nehru Port, with a quay length of 2000 m. The estimated project cost for development of this terminal on design, build, finance, operate and transfer (DBFOT) basis is Rs.7915. At yesterday’s meet
WaveFarmer and TidalFarmer marine planning software tools allow users to model wave and tidal energy converters when operating in ‘farms’ of multiple devices. Both tools are designed to accurately calculate annual ‘farm’ energy yield, whilst considering the hydrodynamic effects between devices, ther
