Somalia’s first naval force in two decades has begun training recruits to serve in an anti-pirate force. Heading the team is Admiral Farah Omar Ahmed who said that after the training period, the recruits would be able to do something about piracy.
Overall confidence levels in the shipping industry have shown a slight improvement over the past three months, according to the latest Shipping Confidence Survey from leading international accountant and shipping consultant Moore Stephens. But there are high levels of concern about the harmful effec
Keppel Offshore & Marine Ltd (Keppel O&M) has secured contracts worth S$30 million through its overseas subsidiaries for the upgrading and repair of three semisubmersibles (semis). Mr Tong Chong Heong, CEO of Keppel O&M, said, “Keppel O&M’s network of yards in the key markets, coupled with their str
MISC Berhad has modified its container ship ‘Bunga Mas Lima’ to a naval auxiliary vessel for the purpose of escorting and protecting MISC’s ships sailing through the Gulf of Aden. The modification of the ‘Bunga Mas Lima’, a 699TEU containership was carried out by Malaysia Marine and Heavy Engineerin
OceanFreight Inc., a global provider of seaborne transportation services announced it has agreed to acquire a 2004 built 173,088 dwt Capesize bulk carrier for a purchase price of $56 million. The vessel is scheduled to be delivered before August 30, 2009. The vessel has been fixed under a 3-year tim
MacGREGOR – part of Cargotec Corporation – has secured new orders worth close to €10 million for 32 shipsets of lift-away hatch covers destined for container ships under construction in Japan and South Korea During the second quarter of 2009, MacGREGOR received orders from a Japanese shipyard and va
Earlier this year, Wirth became a fully controlled subsidiary of Aker Solutions, a Norwegian owned company. Wirth Maschinen- und Bohrgeräte-Fabrik GmbH changed its name to Aker Wirth GmbH, reflecting the change of ownership and the successful integration into Aker Solutions that has taken place sinc
Shell and Russian Sovcomflot has signed a General Cooperation Agreement – the two companies will cooperate in potential LNG shipping projects in Russia, including the Arctic region. The agreement includes, among other things, development of joint shipping solutions for natural gas fields on Yamal Pe
The subsea service specialist Dof Subsea cancels one of three ROV vessels (Remote Operated Vehicle) under construction at Tebma Shipyard, India. The vessel’s price tag is USD 45–50 million. ”The vessel was scheduled for delivery in March 2010, but is delayed and will by no chance be delivered in tim
cruise ship nine times the length of Belfast’s Albert Clock is to dock in the city to mark the creation of Ireland’s longest deep-water berth. The Crown Princess is due to arrive on Tuesday for the official opening of the £10m extension of the Stormont Wharf at the Port of Belfast. The wharf will op
Rolls-Royce has announced its intention to purchase a 33 per cent stake in the Norwegian provider of marine handling systems, ODIM ASA, for up to £66m. According to the company, the deal will help strengthen its presence in the offshore oil and gas sector, and allow it to provide customers with a br
With the extension of the quay and the installation of a second gantry crane, the Oosterhout Container Terminal (OCT) will be able to more or less double its throughput to 200,000 moves (= roughly 320,000 TEU). They began in 2001 with 10,000 TEU. The owners think that they will be able to re-double
A/S Norske Shell, operator of production license 326, has completed the drilling of wildcat well 6603/12-1. The well proved gas. The discovery is located 150 km northwest of the 6506/6-1 gas discovery (“Victoria”) in the northern Norwegian Sea. The well was drilled in 1376 meters of water, which is
In a divided decision, a US federal appeals court has upheld a judge’s ruling throwing a lawsuit over an expensive collision between a dredger and a containership off China. The three-judge panel for the Fourth Circuit Court of Appeals said a lower court judge did not abuse his discretion when he th
