ABCO INDUSTRIES LIMITED
Aker Floating Production ASA said it had won a 10-year contract from Reliance Industries Limited worth $1.1b. Aker said Reliance Industries Limited had exercised an option to call a 10-year bare boat contract with Aker's subsidiary Aker Contracting for the FPSO (floating production, storage and offloading vessel) Aker SMART 1.
The International Chamber of Shipping (ICS), which represents all sectors and trades and over 80% of the global shipping industry, and leads shipowner representation at the International Maritime Organization (IMO) Legal Committee, has expressed strong support for the agreement reached by IMO this week to increase the limits of liability under the Limitation of Liability for Maritime Claims Convention 1996 (LLMC), by 51%.
Keppel Hitachi Zosen Limited (KHZ) has agreed to purchase the shiprepair/shipbuilding and related businesses of Keppel Marine Industries Limited (KMI) for $167 million in cash. Total net assets include $69 million, resulting in a gain of $4 million for KMI. KHZ will acquire all of KMI's investments in Keppel Singmarine Dockyard Pte, Eagle Engineering Company (100 percent), Keppel Philippines Marine (11.6 percent) and Penguin Boat International (16.5 percent)
Danaos Corporation agreed with China Shipbuilding Trading Company Limited the upgrading of its earlier order for four 6,800 TEU containerships to four 8,400 TEU vessels and signed the amendments to the relevant shipbuilding contracts. These vessels will be built by the Shanghai Jiangnan Changxing Heavy Industry Company Limited and are expected to be delivered to Danaos during 2010. The total capital expenditure commitment for this project is in the region of $500 million and is expected
Schlumberger Limited announced today that vice chairman Victor Grijalva will retire at the end of the year. The milestones in Grijalva's successful 37-year career with Schlumberger are mirrored in the company's success over nearly four decades. Commemorating Grijalva's longstanding leadership, chairman, president and CEO Euan Baird remarked, "In an impressive series of management positions around the world, Victor has
Smoker Craft Inc. give warranty on hull & superstructure, other components on most of its models An industry leading warranty gives even more reliability to the confidence in the Smoker Craft family of boats. The warranty includes a limited lifetime warranty on the hull and structure, and a six-year warranty on all components, carpet, upholstery and electronics on most models. It is fully transferable to a second owner, and includes parts and labor.
Keppel Corporation Limited (Keppel Corporation) announced the appointment of Mr Tow Heng Tan, Managing Director of Strategic Development (ASEAN Investments) of Temasek Holdings (Private) Limited(Temasek Holdings), as Director. He will also serve as a member of the Executive Committee and Remuneration and Share Option Committee. Mr Tow, aged 48, has an extensive 29-year business career spanning the management consultancy, investment banking and stockbroking industries.
The prime minister of the German state of Mecklenburg-Western Pomerania asked the European Commission to ease capacity limits imposed on eastern German shipyards as a condition for receiving state aid grants. State premier Harald Ringstorff told EU Competition Commissioner Mario Monti an increase would prevent the yards' improved productivity leading to further job losses. "Any such proposal will be looked at with the utmost care and attention
The International Bunker Industry Association (IBIA) reported a number of significant, positive developments for the bunker industry following the meeting in London last week of the IMO Bulk Liquids & Gases (BLG) subcommittee. Firstly, the subcommittee agreed to streamline proposals designed to reduce sulphur emissions from marine fuel oil. Three options now remain on the table, for discussion at MEPC 57 starting on March 31, 2008
The first Tier-II compliant MAN B&W engine has finished production at HHI-EMD (Hyundai Heavy Industries Engine & Machinery Division) in Korea and is ready for delivery. The low-speed, two-stroke MAN B&W 6S50ME-C7 type engine will power a shuttle tanker (hull number 1749), currently under construction by Samsung Heavy Industries Co., Ltd., and ordered by Teekay, global provider of marine services to the oil and gas industry. Ship delivery is planned for July this year.
Shell Petroleum Development Company Limited (SPDC) has declared force majeure on gas supplies to Nigeria LNG, effective 09:00 hrs (Nigerian time) on Wednesday, May 15 2013. This action is due to production deferment following a reported leak along the Eastern Gas Gathering System (EGGS-1)
Specialist liability insurer for the international transport and logistics industry TT Club said it had another good performance for the year ended December 31, 2012, with further increased gross written premiums, and the club now maintains its A- (Excellent) rating for the past eight years.
PortVision’s Jason Tieman will speak to the International Liquid Terminals Association (ILTA) Conference on 'New Ways toMaximize Uptime & Utilization with Limited Resources'. PortVision®, a leading provider of business intelligence solutions for the maritime industry
In line with the Intertanko-led joint proposal last year, the International Maritime Organization (IMO) has agreed to a rescheduling of the International Ballast Water Management Convention implementation dates, which will smooth the installation scheduling for ships installing ballast water
Stork Technical Services, a global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, won two awards at this year’s U.K. Oil and Gas Industry Safety Awards. Marc Brankin, Scaffold Chargehand for Stork won The Most Promising
EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry and the operating brand of Ezra Holdings Limited, announced today that it has been awarded a subsea engineering
Van Heck revealed its newest world premiere, a complete pump system that enables the controlled, contained, fast oil recovery after incorrect or off-spec fueling and in the event of grounding or calamity at sea. The pump, named Sea Trophy, ensures a fast
The U.S. Coast Guard's Engineering Analysis Board has identified factors associated with corrosion on the Coast Guard’s National Security Cutter 'Stratton'. The Engineering Analysis Board concluded that the unusual pattern of corrosion observed on the Stratton was caused by Damage to the
Blue Star Line Chairman, Professor Clive Palmer, appoints V.Ships Leisure as ship management services partner for his Titanic II project. According to the Blue Star Line's press release, V.Ships Leisure is the world’s largest supplier of management and outsourcing services to the maritime
Cat C280-16 generator sets with an increased power rating have been selected by Jurong Shipyard, to power West Rigel drill rig. The West Rigel is a semisubmersible drilling rig newbuild under construction for North Atlantic Drilling Limited, a subsidiary of Seadrill Limited
One challenge in the construction of a subsea project is the long delivery time of large steel forgings used for key components. This is mainly due to compliance with oil companies’ individual requirements. DNV is now inviting the subsea industry to jointly obtain synergies by developing a
PEM Offshore Limited signed a multi-million dollar contract with Kongsberg Maritime for the supply of a full suite of Offshore Anchor Handling, Dynamic Positioning, Power Management and Crane Simulation systems. The new simulators will form the main infrastructure for a world-class offshore
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives HRSD gold awards. NNS received gold awards for meeting industrial waste water discharge limits mandated by Hampton Roads Sanitation District (HRSD) and for meeting HRSD's technical and administrative requirements
The International Maritime Organisation (IMO) today decided to postpone the entry into force of nitrogen oxide (NOx) emissions limits for ship engines from 2016 to 2021. Environmental NGOs Transport & Environment (T&E) and Seas at Risk
Wilson Sons Limited announced its results for the First Quarter (1Q13). Highlights The Company’s Net Income reached $19.5 million, primarily due to strong performances in the Towage, Offshore Vessels, and Shipyard businesses. “Despite soft exports