UAE-based Topaz Energy and Marine Ltd. (Topaz), a leading oilfield services multinational and a subsidiary of Renaissance Services, has signed phase one of a US$ 330 million loan agreement with a syndicate of banks towards the refinancing of some of its existing loans. The deal paves the way for ext
On Saturday evening in Marseille, France, the latest jewel in the MSC Cruises’ fleet, MSC Divina, was christened in suitably elegant style by international screen legend Sophia Loren. The exclusive high-profile event included a gala dinner and entertainment from illustrious performers in the company
Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd. have signed a technological collaboration agreement on container carriers. The initiative aims to combine MHI’s technological capabilities, as in the development of energy-saving vessels, and Imabari’s strong cost competitive
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, welcomed Khamis Juma Buamim Chairman, Drydocks World and Maritime World and heads and senior executives of the teams involved in the building of Shell’s Prelude FLNG project. The delegat
Besiktas Shipyard on May 24th 2012 successfully carried out the launching ceremony for the sixth tanker of RST22M Project named Bakhtiar Vahabzade being constructed for Palmali Group. The vessel is a 7.100 DWT tanker, under Armada series, of Project RST22M that Palmali Group ordered from Besiktas Sh
A wholly owned subsidiary of Fred. Olsen Energy ASA has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for the building of a harsh environment ultra deepwater semi submersible drilling rig with scheduled delivery in March 2015. Total project cost is estimated to USD 700 mill
Alnmaritec, the specialist aluminium boat builder based in Northumberland, recently announced the delivery of the first of its new ‘Wave Captain’ class of Wind Farm Support Vessels. The new design is a derivative of the larger Wave Master class vessels which have proved highly successful in service
Pallas Shipping has developed a new vessel concepts in the form of a tanker that is designed according to the latest environmental and safety requirements. The Tanker, which has a cargo capacity of about 1700 tons are designed to operate as a bunkering vessel which place high demands on maneuverabil
Eco Marine Power Co. Ltd. (EMP) on Friday announced that lab testing of its Aquarius MRE System – a revolutionary wind & solar power solution for ships – will commence in a test facility in Osaka, Japan from early June. This is a significant move forward as it takes the project into the prototype te
The AIN SNAN was delivered after a nine-month building phase in January of this year. The UMM SALAL, the first of nine UASC new builds in this size class already went into service in June 2011. During the course of the first five months of this year all nine vessels have been delivered from the [&he
The works on construction of floating dock by the order of company Estaleiros Navais de Peniche SA (ENP) became principally new for JSC Shipyard Zaliv. According to the words of sales/marketing director Mr. Y. Dovgiy works over this order coherently fitted with Zaliv’s diversification politics due t
Offshore handling systems specialist, Caley Ocean Systems has been awarded a contract to supply oceanographic winches and A-frame systems to Hyundai Heavy Industries (HHI) for a new oceanographic research vessel. The state-of-the-art, ocean-going, vessel is capable of surveying to the full ocean dep
The shipbuilding giant Fincantieri Cantieri Navali Italiani S.p.A. and NLI, a Norvegian total supplier to Oil & Gas business, announced the signing of a collaboration agreement, supporting the aim to penetrating the Mobile Drilling Units construction market. This agreement includes the development o
Pemamek Oy Ltd has agreed on design, construction and delivery of a flat panel line for Baku Shipyard LLC from Azerbaijan. After commissioning in early 2013, Baku Shipyard will operate a latest-technology flat panel line for ship panel fabrication in their new facility. The scope of the delivery is
