Ship management company V.Ships has received its first technical ship management contract in Shanghai’s Free Trade Zone with Minsheng Financial Leasing (MSFL). V.Ships’ Shanghai office will provide technical management for four 64,000 dwt Ultramax bulk carriers, which are currently under constructio
Gregory Stone representing LHI, Inc., and Lighthouse Inn, Inc., has submitted a permit application to conduct work in Nantucket Sound, reports the U.S. Army Corps of Engineers, New England District. According to the Corps, the proposed work involves reconfiguration of an existing groin system, tempo
Norway’s offshore vessel owner Forland Shipping will sell its fleet of two subsea vessels to Nord Vest AS, a company run by Age Remoy, founder of REM Offshore, a company that recently became part of Solstad Farstad. Forland has found itself in a tight spot as it has been unable to keep its vessels –
China LNG Group is set to expand its LNG transportation fleet capacity to cope with the growing LNG sales volume.
Sandvik has signed a contract for the supply of stainless steel tubes required for 250 kilometers of umbilicals, linking a subsea development to an existing offshore platform. The contract value is approximately SEK 700 million and deliveries will take place from the end of 2017 and during first hal
Ecosse Subsea Systems (ESS) has mobilised the Noordhoek Pathfinder vessel to support seabed clearance at an offshore wind farm site off the coast of north-west England, which the company left unnamed.
Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit, a UK-based provider of information, analytics and solutions. This lack of deepwater asset inventory is challenging E&P (e
Plymouth and Exeter universities have completed the first set of ecological studies as part of the EU Horizon 2020 funded Clean Energy from Ocean Waves (CEFOW) project.
Lower spot market rates in general, and specifically in oil and chemicals transportation, affected the National Shipping Company of Saudi Arabia (Bahri) as it saw a drop in its net profit in 2017. The company’s net profit for the third quarter ended September 30, 2017 was at SAR 60.5 million, plungi
The principal owner of Frode Bjørn AS, Torpevikvegen 4-6 Eiendom AS, said it will sell 100% of Frode Bjørn AS to In Nord Vest after a restructuring has been completed. Frode Bjørn is the parent company of Forland group of companies with fleet of two wholly-owned subsea vessels Forland Inspector (Lew
Canadian Merchant Services Guild has launched a strike against the country’s shipping company Algoma Central Corporation. The union represents navigation and engineering officers on the company’s domestic product tanker fleet. As informed, 54 employees of Algoma Tankers Limited are involved in the s
Venko Offshore, a Dutch company providing industrial coatings, has recently secured repeat business for maintenance and integrity services for an undisclosed blue chip client.
Venko Offshore, a Dutch company providing industrial coatings, has recently secured repeat business for maintenance and integrity services for an undisclosed blue chip client.
Ecosse Subsea Systems (ESS) has mobilized the Noordhoek Pathfinder to support seabed clearance work for a wind farm project located offshore north-west England. ESS will utilize boulder grab equipment to remove an estimated 1700 boulders located over a 135 km route in water depths of up to 60 meters
