After years of paperwork, negotiations and begging for funds, it took only moments for Bay County commissioners to give final approval… BY FELICIA KITZMILLER (waltonsun) [mappress] Source: waltonsun, June 8, 2011
IHC Merwede has increased its underwriting capacity by more than 50 per cent to €1.5 billion. Of this amount, €900 million is committed. The financial agreement has been forged between IHC Merwede and an international banking consortium made up of five banks, with the aim of facilitating internation
Scorpio Tankers announced that it has signed contracts with Hyundai Mipo Dockyard Co. Ltd. of South Korea to construct five 52,000 DWT product tankers for approximately $37.4 million each. These vessels will be the first to be delivered from the Hyundai Group with new propulsion technology including
A Philippine project to reclaim more land on the white-sand island resort of Boracay, one of the country’s top tourist draws, has been… (news) [mappress] Source: news, June 7, 2011
Every job has its ups and downs but the eight-man abseiling team working at A&P Tyne are on a permanent high.Renovating the dockside cranes at the Hebburn ship repair yard is a tall order as two of the three currently being refurbished are just under 89 metres (292 feet) high. A&P is investing hundr
The Norwegian company Fred Olsen Windcarrier has ordered OCTOPUS-Onboard and OCTOPUS-Office for two new build Jack up vessels; the Brave Tern and Bold Tern. Fred Olsen Windcarrier meets the increasing demand for offshore wind turbine installation vessels and provides her clients with efficient insta
Statoil Petroleum AS, operator of production licence 050B, is in the process of completing the drilling of wildcat well 34/10-53 A. The well has been drilled about five kilometres west of the Gullfaks Sør field, in the northern part of the North Sea. The well is a sidetrack from wildcat well 34/10-5
Australia is poised to become the world’s largest producer and exporter of liquefied natural gas by 2020, earning $36 billion annually by th… (dailytelegraph) [mappress] Source: dailytelegraph, June 7, 2011;
Liquid Robotics®, developer of the award-winning Wave Glider® self-powered hybrid sea-surface/underwater robotic vehicle, and cloud-based data service provider, has closed a Series D $22 million financing round led by VantagePoint Capital Partners, the company’s first institutional investor, togethe
The signs in shipbuilding now point to a significant recovery and a stabilization of the order situation. The international shipbuilding industry has put the crisis behind them. This is underpinned by orders across all ship categories and from virtually all shipbuilding nations. The signs in shipbui
A wide majority in the Danish Parliament has just passed Minister for Economic and Business Affairs Brian Mikkelsen’s bill amending a number of maritime acts. The new act strengthens the competitiveness of the shipping companies as well as the Danish seafarers’ employment possibilities on the global
The Trans Adriatic Pipeline (TAP) announced today that it has commenced its Environmental and Social Impact Assessment (ESIA) process in Greece. The submission of its Scoping Report to the Greek authorities comes after similar moves in Albania and Italy earlier this year and will follow the European
Petrobras’ CEO, Jose Sergio Gabrielli de Azevedo, and CFO and Investor Relations officer, Almir Guilherme Barbassa, officially launched the Progredir Program at the Company’s headquarters in Rio de Janeiro. The Program was designed to facilitate the supply of credit at volumes and under conditions t
Wärtsilä, the marine industry’s leading systems integrator, has been awarded the contract to supply an integrated solution for power generation, power distribution, and propulsion for a new Diving Support & Construction Vessel (DSCV) currently under construction in Singapore. The order has been plac
