The seismic/research vessel Oceanic Vega for the shipowner Eidesvik Seismic Vessels AS, has the last week been on successfully sea trials. Oceanic Vega is a seismic/research vessel of type ULSTEIN SX120, and is the first of two sisterships for the shipowner Eidesvik Seismic Vessels AS. The ship goes
Offshore drilling typically refers to the discovery and development of oil and gas resources which lie underwater. Most commonly, the term is used to describe oil extraction off the coasts of continents, though the term can also apply to drilling in lakes and inland seas. Offshore drilling presents
Cianbro team members are making progress as they work around the clock to replace three thrusters in need of maintenance aboard the drilling vessel, Stena Forth. “Weather is an important factor in this project,” said Project Manager Brian Rancourt. “We have a Cianbro crane set up on a flexi-float sy
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yesterday fell for the 20th consecutive day, now standing at 2,515 points, which is the longest negative series since April of 2009. It’s also the lowest point of the m
The next generation of the De Vries family has taken over the directorship of the Feadship Koninklijke De Vries Scheepsbouw yard in Aalsmeer, the Netherlands. Rob and Roderick are joined on the five-strong new board at the world-famous shipyard by three highly experienced directors from outside the
Faroe and Iceland have sparked major uncertainties surrounding management of the key North East Atlantic mackerel fishery, a leading industry group has underlined. In their report to the North East Scotland Fisheries Development Partnership meeting in Aberdeen on Monday, the Scottish Pelagic Fisherm
Wärtsilä, a provider of power plant and ship power solutions and services, opened new offices and a workshop in Panama. Located in the International Business Park of Panama Pacifico, the new facilities are intended to meet growing market demand from customers in the area. The new workshop enables Wä
Arab Steel reported that Zamil Offshore Services Company has achieved SAR 2 billion of shipbuilding returns during the past 2 years. The company accepts shipbuilding investment volume to reach SAR 40 billion during the next 10 years.
A court to mainly try suspected pirates has opened in the Kenyan port of Mombasa, funded by international donors. Pirates based in neighbouring Somalia have made the Gulf of Aden one of the world’s most dangerous shipping lanes.
SBM Offshore NV is pleased to announce that it has successfully completed the refinancing and expansion of its existing revolving credit facility of US$ 500 million to a new US$ 750 million facility. The targeted syndication to a select group of banks found very strong interest and led to a substant
The Mepa board yesterday approved an extension to the Terminal 2 quay at the Freeport. [mappress] Source: independent, June 25, 2010;
Planning permission for Hayle’s £220 million harbour redevelopment scheme could finally be granted within weeks – more than a year after it was awarded in principle. Talks to resolve the outstanding legal agreements have gathered pace since the Government and Cornwall Council each pledged £5m toward
The Danish Energy Agency has awarded DONG Energy the concession to build the next major offshore windfarm in Denmark off the Danish island of Anholt in the Kattegat. The construction of the windfarm will represent a total investment of approximately DKK 10 billion.
Samsung Heavy Industries won orders for 5 158,000 t SUEZMAX-class oil tankers during Posidonia 2010, the world’s largest ship fair held in Athens, Greece. Samsung Heavy Industries focused on attracting shippers and winning contracts at Posidonia 2010, the ship fair that was held starting on June 5,
