In the wake of an announcement by the administration to reverse its plans to expand offshore oil and gas exploration in the Eastern Gulf and up the Atlantic Coast, LSU finance professor and nationally renowned economist Joseph Mason released the following statement: “Uncertainty is a major hindrance
THE FRENCH port of Le Havre has abandoned its plan to take a one-third stake in a planned LNG terminal… (fairplay) [mappress] Source: fairplay, December 3, 2010;
The federal government’s announcement that it would accelerate the leasing process for offshore wind projects is being applauded by groups… By Christine Cullen (oceancitytoday) [mappress] Source: oceancitytoday, December 03, 2010
A year and a half behind schedule, the commissioning of Vallarpadam International Container Trans-shipment Terminal (ICTT) continues to be delayed, as the dredging work at the basin of the terminal and in the channel inches its way to the finish. According to the schedule of the dredging contractor,
IHC Merwede announces naming and launch ceremony of the 5,000m3 gravel trailer, VICTOR HORTA, on Wednesday 15 December 2010. The ship is being built for DEME Building Materials, part of the DEME Group, at the Verenigde Scheepswerf Heusden yard, Bakkersdam 1, 5256 PK, Heusden, The Netherlands.
Lundin Norway AS, operator of production licence 338, is in the process of completing the drilling of wildcat well about 4 km northwest of the ”Luno” oil discovery and 3 km south of the ”Draupne” oil discovery. The objective of the well was to prove petroleum in Middle Jurassic reservoir rocks (the
Anne Bramman has been named senior vice president/chief financial officer at Miami-based Carnival Cruise Lines. In this capacity, Bramman is responsible for all facets of the company’s financial and accounting functions. In addition, she will also oversee the shoreside human resources department. Br
Blount Boats, Inc. received Notice of Award to design and construct four 75-ft passenger vessels for the U.S. Army Kwajalein Atoll in the South Pacific. The vessels will be built to meet the USCG Subchapter ‘T’ for operation between the Marshall Islands of Kwajalein, Rio-Namur and Ennubirr Island on
Northrop Grumman has received orders to supply advanced electronic navigation systems for two new 37,000DWT bulk carriers to be built in Korea for Italian shipowner d’Amico Dry. The orders were awarded to Northrop Grumman’s Sperry Marine business unit through Telemar, the sales and service represent
Fugro has reached agreement with Riise Underwater Engineering AS to acquire the company. The acquisition is expected to take effect from the end of this year on completion of some outstanding formalities. Riise Underwater Engineering AS (RUE), with its headquarters in Haugesund, Norway, is a provide
Mitsui O.S.K. Lines (MOL), one of the world’s largest global multimodal transportation companies, opened its own office in Abidjan, Ivory Coast on 1st December 2010. Jochen Veldmann, Area Director for MOL, says the company is establishing the office as part of its growing commitment to the African c
The award includes mobilisation of one set of subsea test tree equipment with accessories for 400metres of water depth and one firm and one optional set of subsea test tree equipment with accessories for 300metres of water depth. Expro will also provide personnel for the operation. International oil
Two world-leading European marine engine manufacturers, MAN Diesel & Turbo and Wärtsilä Corporation, have agreed to pursue a large joint research project, the HERCULES-C project, as a continuation of the very successful HERCULES programmes for the research and development of marine engine technology
European shipping industry and shipper bodies have called on the European Commission to delay the planned introduction on January 1 of a “24-hour rule” concerning the declaration of containerised cargo coming into or leaving the European Union. Despite commission protestations to the contrary, they
