According to a Sept. 23 Reuters report, POSCO (005490.KS) and South Korea's chemicals-to-brokerage group Hanwha are studying a potential bid for Daewoo International (047050.KS), sources close to the companies told Reuters on Wednesday. (Source: Reuters)
Aker Yards, via its wholly owned subsidiary, Aker Brevik, has entered into a contract with Island Offshore VIII KS in Ulsteinvik, Norway, to deliver a UT 755LN platform supply vessel. The value of the contract is approximately NOK 130 million. This is the fourteenth contract between the shipowner, Island Offshore Group in Ulsteinvik and Aker Yards and the third for delivery in 2005 between Aker Brevik AS and the Island Offshore Group.
Dockwise has signed a contract for $25m, with an affiliate of Chevron U.S.A. Inc. regarding the transportation of the Jack & St. Malo hull from Korea to the Gulf of Mexico. It is the intention of the parties that this contract - already included in the Q3 backlog as a Letter of Intent (LOI) - will be executed on the new T-0 vessel. Another LOI published earlier this year, for the transportation of the topside for ATP's Cheviot from the fabrication yard in China to Europe and the
In view of continuous challenging trading conditions effective from July 2013 CMA CGM, Maersk Line, Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin will restructure their services between the Far East and South America East Coast by launching three new joint services. The three new services will replace the following four services: -ASAS 2/NGX 2/SEAS 2/ASAX 2: Currently operated by Maersk Line, Hamburg Süd, CSAV, CMA CGM and China Shipping Container Lines.
Sea Tow Services International Inc., announces the opening of Sea Tow Delmarva, owned and operated by Capt. Hank Fulmer. Sea Tow Delmarva serves boaters along the coasts of Delaware and Maryland on Delaware Bay, from Slaughter Beach Inlet south to and including Lewes and Rehoboth, Del., and Indian River Inlet and Ocean City, Md. Capt. Fulmer and his staff of U.S. Coast Guard-licensed Sea Tow Captains operate three boats out of Slaughter Beach Inlet, Ocean City, and Indian River Inlet
USS Michigan Completed Early USS Michigan (SSGN 727) undocked in late October, five days early, at Puget Sound Naval Shipyard and Intermediate Maintenance Facility (PSNS & IMF). Michigan was at PSNS & IMF for a planned five-month major maintenance period. While Michigan’s maintenance availability was scheduled in advance, the full extent of the necessary work isn’t always known until the ship is drydocked.
Tidewater Inc. will sell its North Sea safety-standby boats to BUE Marine Limited of Edinburgh, Scotland. The $40 million all-cash deal is expected to close by late June. The 28 safety-standby boats were obtained by Tidewater as part of earlier acquisitions. This type of rescue vessel is required for oil and gas entities operating in the North Sea.
Offshore Solutions B.V., the joint venture between AMEC and Cofely Nederland N.V. based in IJmuiden, The Netherlands, is celebrating 100,000 man-hours without any lost time incidents. With the first Offshore Access Systems (OAS) entering operation in 2006 this latest milestone has been achieved in less than three years. Seven Offshore Access Systems have been sold or leased since 2006, four of which are being used in the Central and Southern North Sea
William I. Koch, founder of the Oxbow Group, philanthropist, collector and sailor, has been named the recipient of the America and the Sea award which is presented annually by Mystic Seaport. Koch will receive the award Thursday, October 29, at a gala held in his honor in New York City. The annual award recognizes an individual or organization whose contributions to the history, arts or sciences of the sea best exemplify the American spirit and character
Island Oil and Gas PLC said it spudded a gas appraisal well (49/23-2) in the Celtic Sea, offshore Ireland. The well is the first of this year's drilling program. It is also the company's second well at the Old Head of Kinsale and follows on from the gas discovery with its operated well 49/23-1 in 2006. The company plans to produce first gas in the fourth quarter of 2008. Source: AFX
Since January 8, 2009, United States (U.S.) and foreign flagged ships operating in the waters of the U.S. have been subject to MARPOL Annex VI. The Marine Environmental Protection Committee (MEPC) of the International Maritime Organization (IMO) adopted amendments to Annex VI and the nitrogen
The 3D EM data is being acquired by the M/V 'Atlantic Guardian': data will be available to clients through both EMGS and TGS. The survey is supported by industry funding. TGS in partnership with Electromagnetic Geoservices ASA (EMGS) signed an agreement to jointly invest in a 3D electromagnetic
Representative Eric Feige from the Alaska State Legislature presents a letter of commendation to the 'Alert's crew for their rescue tow of drill barge 'Kulluk'. The captain and crew were recognized for their courage, teamwork and professionalism during the emergency rescue tow of the drill
ABB’s Symphony Plus control system to help protect Venice from high water flooding at the long Venetian Lagoon Malamocco inlet. Every four years or so, text messages, church bells and sirens alert the Venetians to what they call an "Aqua Alta" or the imminent arrival of an
The IMO (International Maritime Organization) has chosen DNV to gather knowledge about the potential of LNG powered international shipping in the North American Emission Control Area (ECA) and identify the necessary conditions for the successful implementation of LNG as a fuel source in the region
Decom North Sea (DNS), the offshore oil and gas decommissioning forum, will host a lunch and learn to provide attendees with an insight into supply chain companies’ decommissioning capabilities. The lunch and learn event will take place on June 19 at the Palm Court Hotel in Aberdeen
MAN Diesel & Turbo is to supply eight engines for the diesel-electric propulsion of two cruise ship newbuildings to Fincantieri Cantieri Navali Italiani S.p.A. The company is delivering the engines in cooperation with Alfa Laval who will supply accompanying exhaust-gas-treatment systems
Inside Syndarma and Abeam: Organizing Brazil’s Maritime and OSV Markets For companies interested in operating in Brazil, it is important to understand the country. MR’s Editor in Rio breaks it down Syndarma – National Syndicate of Maritime Navigation Companies
Australian Reef Pilots (ARP) and its technology suppliers have won an international award for technology which improves safety and efficiency for shipping on the Great Barrier Reef. In a combined submission with VoyageBank and SevenCs, ARP was awarded the IHS Safety at Sea 2013 Award (Systems
Centrica Energy in Norway was awarded a 50% operating share in the Scarecrow licence, its first in the Barents Sea. The Norwegian government on June 12 awarded the licences that form part of the 22nd round on the Norwegian Continental Shelf (NCS)
Process control and artificial vision technology specialist Orbita Ingenieria launched a new optical character recognition (OCR) system to automate freight container identification and damage inspection during vessel loading and unloading at port terminals.
P&O Ferries’ superferry twins, European Highlander and European Causeway which operate between Cairnryan and Larne, have returned to service following a £100,000 refit on each ship. The work, carried out by local ship outfitters Blu Marine
Lloyd’s Register has announced the appointment of Chris Finlayson, Chief Executive of BG Group plc, and Ellis Armstrong, ex-CFO of E&P at BP plc, as Non-executive Directors on the board of Lloyd’s Register Group Ltd. Lloyd’s Register Group Ltd (LR) is the wholly-owned
Both Rosneft and Lukoil have secured license rights to blocks issued by the Norwegian government in Arctic waters. The massive opening of the Barents Sea for the oil industry includes invitations to Russia’s two powerful Russian petroleum companies
An integrated humanitarian assistance disaster relief scenario by the US & Thai navies was included in a simulated earthquake & tsunami in Rayong Province during the CARAT Thailand 2013 joint exercises. The Thailand phase of Cooperation Afloat Readiness and Training (CARAT) exercise