Oceaneering International, Inc. (OII) has purchased the Gulf Quest for conversion into a 145-ft. dive support vessel. Built in 2001, and renamed the Ocean Quest, the vessel will be upgraded in spring 2003 and then become available for work in the Gulf of Mexico. When completed it will feature: 2,100 sq. ft of deck space, 24 person accommodations (in addition to vessel crew), dive support equipment installed below deck, marine rated API 10 ton crane on the stern, 24 hr. operational capacity and built-in, below deck, 6 X 6 jet pump After conversion, the Ocean Quest will be ideally suited for Inspection, maintenance, and repair (IMR) activities on pipelines & platforms in water depths down to 300 fsw.
NOAA ship 'Thomas Jefferson' mapping Long Island Sound seafloor this summer contributes to a multi-level data gathering collaboration. In addition to updating NOAA’s nautical charts, ongoing collaborations in Long Island Sound will create products that depict physical, geological, ecological, geomorphological, and biological conditions and processes – all to balance the development of new ocean uses while protecting and restoring essential habitats.
Development of marine engineering related industries, including shipbuilding and repairing, is an important sector the maritime industry in Sabah and Sarawak can exploit further, according to a report in the Daily Express, an East Malaysia newspaper. EMMC 2005 Organising Chairman, Tan Sri Halim Mohammad, according to the news report said a concerted and coordinated approach could be taken to first rehabilitate and rejuvenate some of the existing yards that have potential but have fallen
Wärtsilä has acquired the UK-based propeller repair company McCall Propellers Ltd. The company's net sales are $12.7m with 33 employees. McCall Propellers is the largest marine propulsion support services company based in the U.K. specializing in emergency repair of propeller equipment. The acquired company has purpose-built repair facilities next to Glasgow Airport, and work is carried out either in the workshop or on site anywhere in the world.
Lafayette, La.-based Stabil Drill, a Superior Energy Services Company subsidiary, has acquired to drilling tool firms based in Youngsville, La. Donnie Williams Tool Company and J&S Hole Opener Rentals, which both operate throughout the Gulf Coast, both were acquired by Stabil Drill.
The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings. “The Panama Canal reaffirms its relevance in international commerce more than ever as a result of the decisions and actions that Panamanians have taken with regard to its management
Crowley acquired the Alaska-based fuel distribution business of Northland Fuel, LLC. The purchase consists of the assets of Yukon Fuel Company, Northland Vessel Leasing and the stock of Service Oil and Gas, Inc. Crowley has also acquired the assets of Yutana Barge Lines, LLC from an affiliated company. The acquired businesses will be added to Crowley's newly formed Petroleum Services business segment. Service Oil and Gas will continue to operate under that brand name
Wärtsilä has acquired an engine component reconditioning company CGL Industries Ltd. in Canada. The deal was closed September 30th, 2002. The acquisition consists of the marine engine repair and reconditioning business and workshops. The sales volume of the acquired company is approximately EUR 4.0 million and number of employees is 57. "CGL's strong position in the marine equipment service field as well as the broad range of products and services available are
Global Oceanic Carriers Ltd, the AIM-listed Greek dry bulk shipping company, said it is acquiring two more ships and is proposing to enter into new ship management agreements for its entire fleet.The company, which did not disclose the value of the deal nor disclose the terms of the management proposal, added it has appointed Jefferies International as its sole nominated adviser and broker with immediate effect. (Source: AFX)
Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel. The Navios Antares, a 169,059 dwt Capesize vessel, was delivered to Navios Holdings' owned fleet on January 20, 2010 from a South Korean Shipyard. Navios Holdings agreed to acquire a new build Capesize vessel of 180,000 dwt
Seoul will not sell Daewoo Shipbuilding & Marine Engineering (DSME) to a foreign company to avoid any possible leakage of technologies reports 'Korea Times'. The response comes after a Russian consortium led by the state oil company OAO Rosneft recently expressed an interest in acquiring a
The ‘Whale Park’ complex of oil fields, located just north of Itaipu and Wahoo, offshore Brazil, illustrate the quality of the Brazilian presalt in this area, and here Maersk Oil say they have secured access under legacy terms with significant value potential.
Transas Marine simulators have been chosen by the College of Maritime Transport and Technology and the Integrated Simulators Complex (ISC). These are the two institutions of Arab Academy of Science, Technology and Maritime Transport (AASTMT). The project will be executed by Transas Middle East.
The China Navigation Company (CNCo), the deep sea shipping arm of the multinational Swire Group, has signed a conditional sale and purchase agreement to acquire Pacifica Shipping (Pacifica) from the Skeggs Group of companies in New Zealand.
Survival Craft Inspectorate (SCI), a global provider of emergency marine evacuation systems, has made a new appointment and announced the opening of its 12th office. Jos Lems, who has more than 25 years’ experience in the maritime sector
CTruk has utilized the performance statistics and operational feedback gained during its composite SWATH workboat CWind Astute’s first year at sea to fine tune the design for the next build. The Brightlingsea yard has recently started work on a 20m SWATH OWSV for Dungeness-based Technical
Topaz Energy and Marine, an offshore support vessel company, has announced the results of its subsidiary Nico Middle East Ltd. (NMEL) for the nine months ended September 30, 2013. The period has seen continued strong growth across the group’s activities with revenues up 27%
J.F. Lehman & Company, a middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has sold its portfolio company, Northeast Ship Repair, Inc. to affiliates of Plexus Capital and NewSpring Capital.
Frydenbø Industri AS represents several brands and companies mainly within marine industry, - with central locations in Oslo, Bergen, Ålesund and Øksfjord. The name Frydenbø is a known brand in Norway with activities in three different areas; marine industry
Aker ASA has engaged ABG Sundal Collier Norge ASA and Arctic Securities ASA to explore the opportunity to acquire approximately 16.5 million shares (roughly 6% of the share capital) in Aker Solutions ASA, but with the possibility for Aker ASA at its full discretion to increase or decrease the
Dorian LPG Ltd. announced that it has concluded its agreement with Scorpio Tankers Inc. to acquire its Very Large Gas Carrier (VLGC) newbuilding contracts, associated deposits of $83.1 million, and a cash contribution of $1.9 million in exchange for 39
The security drill was the first since the rollout of the Port’s new Maritime Advanced Systems and Technology Lab (MAST) program and involved an Offshore Platform Security Threat Awareness and Response Program exercise (OPSTAR) conducted by the Naval Postgraduate School’s Center for
Today in U.S. Naval History - December 3 1775 - Lt. John Paul Jones raises the Grand Union flag on Alfred. First American flag raised over American naval vessel. 1940 - President Franklin D. Roosevelt embarks on USS Tuscaloosa (CA-37) to inspect bases acquired from Great Britain under
Ships, barges, ferries, and recreational boats in the busy New York Harbor will be able to navigate more safely thanks to an updated version of the harbor’s nautical chart recently issued by NOAA that includes data gathered in the navigational response to the damage caused by Sandy in
The launch vehicle blasted off from Pad 39 at the Baikonur Cosmodrome in Kazakhstan, and the first telemetry signal was acquired soon after by Inmarsat's Paumalu ground station in Hawaii, putting the satellite under the control of Inmarsat’s mission operations team.