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Announces Completion

Govan Yard Under The Gun

BAE Systems Plc warned that future employment prospects at its Govan shipyard near Glasgow are wholly dependent on new orders being won. The group was announcing completion of the $3.6 million rescue acquisition of Govan from Norway's Kvaerner agreed in July. BAE has agreed a 20 year lease of the land and buildings in a joint deal with port services group Clydeport Plc, which will own the site.


STELLA B1 Well Flow Test Completed

04 Stella North Drill Centre Manifold Installation Operations (149)

  Ithaca Energy Inc. announced completion of flow test operations on the third development well on the Stella field, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day. Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stella field.  The well was drilled to a total measured depth subsea of 16,185 feet, with a 2,147 foot gross horizontal reservoir section completed in the Palaeocene Andrew sandstone reservoir


Genco Shipping to Acquire Six Drybulk Vessels

Genco Shipping & Trading Limited announced that it has agreed to acquire six drybulk vessels with an average age of approximately 2 years from affiliates of Evalend Shipping Co. S.A. for an aggregate purchase price of approximately $336m. The acquisition is subject to the completion of customary additional documentation and closing conditions. Genco plans to finance the acquisition through borrowings under its $1.4b revolving credit facility.


Canyon’s Quest ROV Awarded Drill Support Contracts

Canyon Offshore, Inc., has announced that it has been awarded drill support contracts on board the drilling rig Rowan Midland for its new electric Work Class ROV, Quest #3. In June, Canyon mobilized the new built Quest #3 on board the rig for Energy Resource Technologies, Inc. (ERT) to support ERT’s re-entry well work on East Cameron block 374. Upon completion of the ERT contract, Canyon will provide ROV services to Remington Oil & Gas at East Cameron 377 to support drilling and completion


Neptune Orient Lines Sells Logistics Business

Photo: APL Logistics

Neptune Orient Lines sells APL Logistics to Kintetsu World Express   Neptune Orient Lines Limited (NOL) announced that it has completed the sale of its logistics business, APL Logistics Ltd (APLL), to Kintetsu World Express, Inc. (KWE) for an aggregate purchase price of $1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.   NOL said it will announce the final purchase price after such adjustments


PortMiami Dredging Clears Way for Mega Ships

Dredger in PortMiami (Photo: Port Miami)

PortMiami Deep Dredge gives businesses the infrastructure necessary for growth The completion of the PortMiami deep dredge project, which deepens the port’s main harbor channel from 42 feet to a depth of 52 feet to accommodate Post-Panamax ships, was announced by Florida Governor Rick Scott. Of the total $220 million cost for the channel deepening, the state of Florida invested $112 million and Miami-Dade County invested $108 million


NGSS Completes Acceptance Trials on USS Ronald Reagan

Northrop Grumman Corporation announced that the nation's newest and most advanced nuclear-powered aircraft carrier, Ronald Reagan (CVN 76), has successfully completed acceptance sea trials. The Reagan is the ninth Nimitz-class carrier built by Northrop Grumman's Newport News sector. The acceptance trials are conducted with representatives of the U.S. Navy Board of Inspection and Survey for testing and evaluation of the ship's systems and performance.


Aries Maritime Provides Update on the Bora

Aries Maritime Transport Limited announced that it expects to complete repairs to the Bora, a 2000-built double-hull products tanker, before the end of the second week of October 2006 at a total cost of approximately $1.3 million. Following the completion of repairs, Aries plans to initially employ the vessel in the spot market prior to securing a period charter. The Company's previous time charter arrangement with FR8


Entertainment Cruises Plans Cruise Boat Renovation

Spirit of New Jersey Schedules $1.5 Million Renovation for Completion in Spring 2012.   Entertainment Cruises, the largest harbor cruise company in the United States, today announced that plans are underway for a $1.5 million renovation of the Spirit of New Jersey, scheduled for completion in time for the spring/summer season. It will feature quality improvement initiatives aimed at modernizing the vessel and providing a fresh and trendy dining and entertainment experience.  


Vitol Buys Stake in Sargeant Marine

  The Vitol Group and Sargeant Marine, an asphalt trading, storage and transportation business, announced that Vitol will acquire a 50 percent interest in Sargeant Marine for an undisclosed sum.   Sargeant Marine comprises a global trading operation, which distributes asphalt to customers worldwide, and two terminals in Rotterdam, Netherlands and Constantza, Romania.   On completion, it is anticipated that the new, combined business will trade circa 1


Total, ENN Ink 10-year LNG Supply Pact

European oil major Total has agreed to supply 500,000 tonnes a year of liquefied natural gas (LNG) for 10 years to China's privately-run ENN Group, Total said on Thursday. The supplies of the super-chilled natural gas will start in 2018 upon completion of ENN's planned receiving facility near


Sill Reinforcements Complete in New Panama Canal Locks

The Panama Canal Authority (ACP) announced that sill reinforcements in the new locks have been completed this week, bringing the Panama Canal Expansion closer to inauguration.   The filling of the Pacific-facing Cocoli Locks has already begun


Total Signs Deal to Supply LNG to China's ENN

Image: ENN Energy

 Total SA has signed an agreement to supply liquefied natural gas to ENN Energy in China, according to a news release on the French energy company's website.   The deal is for 0.5 million metric tons of LNG per year for a period of 10 years and will be delivered from the company's


Novoship to Install Ecochlor BWTS on 4 Tankers

Photo: Ecochlor

SCF Novoship Technical Management has selected the Ecochlor Ballast Water Treatment System (BWTS) to be retrofitted on three Aframax Oil Tankers and one Product Carrier. All of these retrofits are to be carried out in 2016.   “SCF Novoship Technical Management required a BWTS that is


Lerwick Port Charges Revised

Courtesy Lerwick Port

  From 1 January 2016, Lerwick’s tariff for harbour charges will increase by an inflationary 1%.      The charges can be viewed on their website and hard copies of the booklet are available on request.   


Keppel Wins $88.5M in Floating Production Contracts

Keppel Offshore & Marine Ltd (Keppel O&M)'s local and overseas subsidiaries continue to win support from repeat customers by securing four contracts worth a total of about $88.5 million.   In Singapore, Keppel O&M's wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard)


Work on Green Port Hull Alexandra Dock Underway

Excess sand from the dock infill is now being moved to the 7.5Ha reclaim and the marine piling is almost complete (image courtesy of ABP David Lee Photography

  Construction work on the Green Port Hull Alexandra Dock site is progressing well and is on schedule for an early 2017 completion, Associated British Ports (ABP) has announced. The 54-acre site, which ABP and its main contractor GRAHAM Lagan Construction Group Joint Venture (JV) are


Genel Energy's Aigle-1X Comes Dry

Courtesy Genel Energy

  Genel Energy plc ('Genel') announces that the Aigle-1X exploration well on the CI-508 licence offshore Côte d'Ivoire (Genel 24% working interest) is in the process of being plugged and abandoned after failing to encounter hydrocarbons.  


Cathelco Wins Trio of Orders for ICCP Systems on FPSOs

Photo: Cathelco

Cathelco have won orders to supply hull corrosion protection systems for three FPSOs. Two of the systems are being supplied to MODEC, while the third will be installed by Sembcorp Marine’s Jurong yard in Singapore.   The FPSO Cidade de Campos dos Goyatacazes is being built by MODEC


ZIM to Expand Its Refrigerated Container Fleet

Photo: ZIM Integrated Shipping Services

 ZIM Integrated Shipping Services has announced the expansion of its refrigerated container fleet in order to answer the demand for its innovative ZIMonitor service.    Launched in early 2015, ZIMonitor allows customers to track, monitor and remotely control sensitive


MarineCFO Integrates Document Management System for Onboard Use

MCFO.jpg

MarineCFO has announced the availability of its newly developed Marine Document Management System (MDMS), designed specifically as a tool to assist marine operators in organizing recordkeeping, assessment, & training verification requirements both ashore and afloat.


Maritime College Receives $750,000 from SUNY

(Photo: SUNY Maritime College)

The State University of New York yesterday awarded $750,000 from its Investment and Performance Fund to Maritime College to boost student success and completion rates. The grant was among the largest paid for with money from the fund.  


China Merchants to Take 21.05% Stake in Dalian Port

Image: Dalian Port

 China Merchants Holdings (International) Company Limited, has announced that it has signed a share subscription agreement with Dalian Port (PDA) Co., under which Dalian Port will issue 1.1bn new shares to China Merchants for HK$4.3bn ($554m).   


ARENA Funded Study to Uncover Wave Energy Costs

ARENA) funding  Bombora to complete a detailed cost of energy study Pic ARENA

  The Australian Renewable Energy Agency (ARENA) is providing $181,000 funding to support Bombora Wave Power (Bombora) to complete a detailed cost of energy study for its Wave Energy Convertor (WEC). Bombora’s WEC design uses a responsive rolling membrane fitted to a long concrete


Saudi KAP Ends 2015 with Stellar Feats

Photo: King Abdullah Port

 King Abdullah Port (KAP), the first privately developed and managed port in the Saudi Kingdom and the region, has announced the port’s success in handling 1,307,017 TEUs, says a repot in the Saudi Gazette.   Engineer Abdullah bin Muhammad Hameedaddin






 
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