The Board of Directors of Tsakos Energy Navigation Limited (or the “Company”) has declared a quarterly dividend of $0.15 per share of common stock outstanding. The record date is August 4, the payment date is August 10 and the shares will trade ex-dividend on August 2. D. John Stavropoulos stated, “
Subsea 7 S.A. announced today the award of a contract valued at approximately $80 million from Chevron Australia Pty Ltd for the Chevron-operated Gorgon Project, offshore Western Australia. The work involves the transportation and installation of subsea umbilicals and structures from Barrow Island –
I.M. Skaugen SE today announced that the pre-tax result for 2Q was positive USD 0.4 mill compared to negative USD 4.5 mill for 2Q2010. The pre-tax result was a negative USD 4.1 mill for the first half of 2011 (1H11) compared to a negative USD 8.6 mill for the 1H10. The result of the 1H11 […]
Hall Contracting from Buderim ,Australia succesfully re-launched the dredger “Eastern Aurora” on July 13th 2011 in PT Worldwide Equipment Yard in Batam-Indonesia. Build in 1994 by IHC Holland ,as deep suction dredger,together with her sister vessel “Eastern Rainbow” for Formosa Plastics who employed
CIC Boluomiao shipyard with its own technical expertise, not only repairs bulk carrier, oil tankers, container ships, but also repairs the multi-purpose ocean tugs, LPG carriers, chemical tankers, asphalt carrier, ro-ro ships, dredgers and other special ships. She has a good market reputation and th
The shipping arm of ADNOC and its Group of Companies, ADNATCO and NGSCO, on Wednesday announced that one of its UAE national cadets has prog… Source: Khaleej Times [mappress] Source: Khaleej Times, July 14, 2011;
Wärtsilä has recently been awarded a series of orders to supply propulsion solutions for dredger vessels to be built in China and the Netherlands. Since dredging applications are typically very demanding, the high reliability of the Wärtsilä solutions was a key element in the award of all three proj
Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of a new-generation liquefied natural gas (LNG) carrier marking an evolutionary advance from Moss-type(1) LNG carriers. The new vessel-type dubbed “EXTREM” is a type of newly developed “Sayaendo(2)” Series, which features a peapod-sha
STORNES, a flexible fall pipe vessel built by Yantai CIMC Raffles Offshore Co., Ltd (hereinafter referred to as “CIMC Raffles”) for the Dutch company Van Oord Marine Services BV was successfully delivered in Yantai, China. STORNES is the world’s fifth flexible fall pipe vessel. It features high tech
DOF Subsea Norway AS has been awarded the contract for Goliat FPSO Marine Installation Activities. The value of the contract is approximately 300 MNOK. The contract duration is from July 2011 to December 2013 DOF has been selected as preferred partner after a thorough evaluation of both technical an
SBM Offshore, The Linde Group’s Engineering Division, PTT FLNG Limited and PTTEP Australasia have signed a partnership agreement for the development of a Floating Liquefied Natural Gas (FLNG) facility in the Timor Sea off Northern Australia. The project foresees floating production of LNG from three
The liquefied natural gas carrier „Arctic Voyager‟ berthed Tuesday, July 5, early in the morning at Gate terminal. The „Arctic Voyager‟ is the second LNG carrier that delivers its commissioning cargo for the project after the arrival of the „British Trader‟ earlier in June. The „Arctic Voyager‟ is a
Malaysia Marine and Heavy Engineering Holdings Berhad announces that it has entered into a Joint Venture Agreement with Technip Geoproduction (M) Sdn Bhd (“TPGM”) for the establishment of a jointly controlled entity, to be known as Technip MHB Hull Engineering Sdn Bhd (“TMH”), that will perform hull
GSP has became in 2009 the contractor and project manager for the offshore services package includding the pipeline installation along the Russian continental shelf of the Black Sea, between Dzhubga-Lazarevskoe-Soci as well as for the pipeline tie-in with the Russia – Turkey inter continental pipeli
