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ASA Member Responds in Gwadar, Pakistan

Photo courtesy ASA

On January 20, a member of the American Salvage Association (ASA) successfully refloated a bulk carrier that ran aground near Gwadar Port in Pakistan. Led by their Salvage Master, ASA’s member mobilized a salvage team that included a naval architect and dive team, along with a high-horsepower tug, to refloat the grounded vessel carrying 50,000 metric tons of urea fertilizer. The crew safely refloated the 623 ft bulk carrier during high tide without having to lighter bunkers or cargo. The vessel and cargo were delivered to its owners with no damage to the environment. 


ASA Presents “Rapid Response” Award

The American Salvage Association (ASA) awarded its first Rapid Response Award on April 29 to the United States Coast Guard Marine Safety Office (MSO) New Orleans for its role in the salvage of the M/V Lee III, a supply boat that collided with a container ship and sank near the Southwest Pass of the Mississippi River on February 21. Five crewmembers were lost in the incident. ASA member Bisso Marine commenced operations to remove the vessel


Congresswoman Davis to Receive Award

The American Shipbuilding Association (ASA) announced that Representative Jo Ann S. Davis (R-VA) would be the 2006 recipient of the Herbert H. Bateman Award. This award will be presented on June 28th during ASA’s Salute to the 109th Congress reception in the Gold Room (2168) of the Rayburn House Office Building. Representative Jo Ann Davis succeeded Congressman Herbert H. Bateman in representing the 1st congressional district of Virginia


New Members Elected to Hydro's Board

Billy Fredagsvik and Jørn B. Lilleby have been elected members of Norsk Hydro ASA's Board of Directors. Fredagsvik, process operator in Hydro, and Lilleby, maintenance supervisor in Hydro, replace Geir Nilsen and Ragnar Fritsvold as two of the Board’s three employee-elected representatives


ASA, C-PORT Enter Partnership

The American Salvage Association (ASA), the national trade association for the professional marine salvage industry, and C-PORT, the national association for the marine assistance industry, have entered into a partnership to exchange associate membership between the two organizations. This will allow both marine response associations to exchange resources and information, encourage networking among members, discuss and review government policies related to the marine sector


Reed Receives Herbert H. Bateman Award

The American Shipbuilding Association (ASA) announced that Senator Jack Reed (D-RI) is the 2009 recipient of the Herbert H. Bateman Award. This award was presented on Wednesday, May 13th at 6:00 pm during ASA’s Salute to the 111th Congress reception in the Gold Room (2168) of the Rayburn House Office Building. Elected to the U.S. Senate in 1996, Senator Reed is a senior Member of the Armed Services Committee, a Member of the Subcommittee on Seapower


Aker Yards to build AHTS for NorSkan Offshore

Aker Yards has been awarded a contract worth approximately $47.5 million by NorSkan Offshore Ltda., Brazil, to build an Anchor Handling Tug Supply (AHTS) vessel. Delivery is scheduled for April 2007. NorSkan Offshore is an offshore supply vessel company owned by Solstad Offshore ASA and DOF ASA in Norway on a 50/50 basis, and is focusing on the strong Brazilian offshore vessel market.


New Managing Director at Farstad

The Board of Farstad Shipping ASA has appointed Karl-Johan Bakken as new managing director in Farstad Shipping ASA.He will succeed Terje J.K. Andersen who will retire in May 06. Karl-Johan Bakken will, however, take up his new position from January 1, 2006. Karl-Johan Bakken, born in 1958, holds a M.Sc. in Naval Architecture from the Norwegian Institute of Technology in Trondheim (1984). He joined Farstad Shipping ASA with a 15 years experience from Ulstein/Rolls-Royce


Aker Yards Secures Contracts for Diving Support Vessels

Aker Yards ASA said it won an order from DOF ASA for a diving support vessel (DSV), and a contract from DOFCON ASA and Technip for a second DSV. For DOF, Aker Yards will build a DSV based on Aker Yards' Aker DSV06 design, while the other DSV will be to the Aker OSCV-06L DSV design. Source: Forbes


DryShips Completes Acquisition of Ocean Rig

DryShips Inc. announced that Primelead Limited, a wholly owned subsidiary of DryShips Inc., has effected a compulsory transfer of all remaining shares in Ocean Rig ASA and as a consequence of the compulsory transfer and cancellation of the treasury shares held by Ocean Rig ASA, Primelead Limited is owner of 100% of the shares in Ocean Rig ASA. As of July 10th, 2008 Primelead Limited controls 163,611,380 shares, equivalent to 100% of the shares and votes in Ocean Rig ASA


Aker Philadelphia to Pay Dividend

Aker Philadelphia Shipyard

  On 6 May 2015, the Board of Directors of Aker Philadelphia Shipyard ASA resolved to pay a dividend to the shareholders of AKPS as of expiry of 12 May 2015, of USD 0.25 per share, in aggregate USD 3,026,975.25. The dividend is classified for accounting purposes as a repayment of previous


Havila Extends Niche Deal with Maersk

Platform supply vessel (PSV) by Havila Shipping ASA.

Havila Shipping ASA has seen Maersk Oil & Gas (MOG) extend an option for a vessel, allowing the company to avoid the weak North Sea spot market for 12 more months.   Maersk Oil and Gas Company declared the first of three one year options for the Platform Supply Vessel (PSV) Havila


PGS ASA - First Mover Offshore Mexico

The PGS fleet is the most efficient and flexible. Courtesy PGS

  Petroleum Geo-Services ASA (PGS) commenced operations of a MultiClient 2D seismic program offshore Mexico on May 16th. The two 2D vessels Atlantic Explorer and Sanco Spirit will acquire multiple projects recently approved by the Mexican government


HSH Nordbank Looking to Split Off Bad Shipping Loans

Image: HSH Nordbank

 HSH Nordbank AG, the world’s second-largest financier of ships, plans to split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, reports Reuters.   The city of Hamburg was willing to inject billions of euros in


PGS Wins Patent Dispute with EMGS

Logo

  Petroleum Geo-Services ASA ('PGS' or the 'Company') today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA ('EMGS') against PGS for patent infringement relating to PGS' Towed Streamer EM


EMGS to Appeal Ruling On Patent Invalidity

EMGS

  As previously announced, Electromagnetic Geoservices ASA (EMGS) has issued claims against Petroleum Geo-Services (PGS) in the High Court of Justice, Patent Court, in London, UK, and in Norwegian courts on the basis that PGS used its Towed Streamer EM in the territory of the United Kingdom


Aker Philadelphia to Pay Dividend

Photo courtesy Aker  Philadelphia

The Board of Directors of Aker Philadelphia Shipyard ASA yesterday resolved to pay a dividend to the shareholders of AKPS as of expiry of 3 March 2015, of USD 0.25 per share, in aggregate USD 3,026,975.25. The dividend is classified for accounting purposes as a repayment of previous paid in


AKPS, Crowley JV Secures $ 325 mi Commitment

Courtesy Aker Shipyard

  The joint venture between Aker Philadelphia Shipyard ASA (AKPS) and Crowley has received a firm and fully underwritten commitment from a group of banks and other financial institutions for a USD 325 million senior secured term loan facility.


PGS Wins Patent Dispute with EMGS

Ramform Titan Courtesy Petroleum Geo-Services

  Oslo, Norway, Petroleum Geo-Services ASA informed today that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA ('EMGS') against PGS for patent infringement relating to PGS' Towed Streamer EM technology.


Johnsen Joins the Management Team in Akasto

Courtesy Akasto

  Paal E. Johnsen will take the position as Investment Director in Akastor, and will be a part of the company's executive management team. Johnsen comes from a position in DNB Markets, and has extensive experience at management and board level in various companies in industry and finance


Marine Salvage & Oil Spill Response Insights

Photo: Global Diving & Salvage

Last month Maritime Reporter had the good fortune to receive insights from a trio of maritime salvage leaders – Paul Hankins, Tim Beaver & Jim Elliott – garnering insights on one of the most challenging and ever-changing sectors of the maritime market.  


Knutsen is Head of Yara Downstream

Terje Knutsen

  Yara International ASA has appointed Terje Knutsen as Head of Downstream. He succeeds Egil Hogna, who has submitted his resignation. Knutsen will assume his new position on 1 May 2015. Yara's Downstream business unit manages the company's global sales


Chevron Hires Norce Endeavour for Thailand Ops

Norce Endeavour. Pic courtesy: Solstad Offshore ASA

 Solstad Offshore ASA (SOFF) has fixed the 2011-built 18,000 dwt crane barge Norce Endeavour to Chevron for work in Thailand next year for around 200 days.   Solstad has received confirmation from Chevron in Thailand for the 2016 Offshore Installation Campaign utilizing its Derrick Lay


APL, MOL, NYK Launch Joint Service

APL, Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have together launched a new joint service between trading hubs in Asia and ports in Mexico, Colombia and Panama.   In a joint statement made by the carriers, APL, MOL and NYK said Asia is an important market for exporters in


Recommendation from Statoil's Nomination Committee

Statoil Board of Directors

The nomination committee in Statoil has recommended that the company's corporate assembly elects Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors. Furthermore, the nomination committee recommends a re-election of






 
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