This week a reader asks about how much the now open Northwest Passage will save in shipping emissions. This year, for the first time in recorded history, the Northwest Passage has become fully ice-free. This means that this Northern sea route around the Americas is now fully navigable, and will beco
Aker Kvaerner has signed a contract with Statoil for the manufacturing and supply of steel tube umbilical control cables for the Gjoa field in the North Sea. The contract is worth approximately NOK 260 million. Aker Kvaerner will deliver about 16 kilometres of dynamic and static umbilicals to Statoi
The Board of Directors has decided to commence a process of evaluating the possible effects of a split of Prosafe into two focused, listed companies. (24 Sep 2007). The evaluation will primarily address whether a split into a floating production company and an accommodation/ service rig company woul
Shipbuilder Austal will use the newly acquired Margate shipyard near Hobart to supply lucrative military contracts. The West Australia-based company bought the operations of North West Bay Ships in February last year. Austal chairman John Rothwell said the facility was ideally suited to building ves
However, the Nigg fabrication yard on its northern shores was a true giant in terms of employment and the economy. Highland Council is leading a series of talks on how to breath new life into the rundown site before it falls into disrepair.
To make the seas safer, 11 countries participated in a technology-driven exercise coordinated from Key West to test joint response to terrorism, drug smuggling and piracy.
Cargotec’s MacGREGOR business area providing marine cargo handling and offshore solutions, has received an order for ship cranes and hatch covers, which will be delivered for 10 general cargo ships. The ships will be built at a Chinese shipyard for German shipowner Herman Buss. The value of the orde
Eitzen Chemical ASA announced today that it has declared an option to build two additional vessels with Jinse Shipbuilding Co. Ltd. in Korea. The vessels are coated 13,000 dwt chemical carriers and will be delivered in 2008. The price is USD 24.0 mill. per vessel. This brings the series from Jinse t
Sevan Marine ASA, on behalf of one of its subsidiaries, has signed a mandate with a leading financial institution to arrange construction financing of USD 150 million and a 5 year term loan of USD 300 million (post delivery) for the FPSO Sevan Voyageur.
Three men have died after an accident on a gas rig standby vessel in the North Sea, the boat’s operators say. Vroon Offshore Services said they died on the Viking Islay in the BP Amethyst gas field off the East Yorkshire coast.
The Department of Homeland Security (DHS) has awarded General Dynamics (NYSE: GD) a contract to provide technical and program management support services to the U.S. Coast Guard Incident Response Team (CIRT). The award has a maximum potential value of $10.5 million over 52 months if all options are
Tidewater Inc. (NYSE:TDW) announced today that Bruce D. Lundstrom has joined Tidewater as Senior Vice President, General Counsel and Secretary. Mr. Lundstrom, who will report to Chairman, President and CEO Dean Taylor, will be responsible for the Legal, Insurance and Human Relations/Benefits staffs
Nautilus Minerals Inc. (“Nautilus”) (TSX & AIM: NUS) announces that it has received high-grade Copper (“Cu”) and Gold (“Au”) assays over significant widths from this year’s drilling program at its Solwara 1 prospect located in the territorial waters of Papua New Guinea
COSCO Corporation has secured shipbuilding contracts worth US$724 million or S$1.1 billion to build 16 bulk carriers for German, Taiwanese and Greek shipowners.
