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.
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
Trine Sæther Romuld has informed Kværner ASA that she resigns from her position as non-executive Director and Chair of the Board's Audit Committee of the Company with immediate effect. This is due to change in employment to a position without opportunity to hold directorships. According to Kværner ASA's Articles of Associations, the Board of Directors shall consist of six to ten members. Following the resignation of Ms Romuld
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
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
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
Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt has played a very important role during the financial and corporate restructuring of the Company. Whilst Mr. Sundt’s role as CEO for the Noreco group will cease with effect from this announcement, Mr. Sundt will continue to fill the role as general manager for the Norwegian operations until the end of 2015. Mr
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
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 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
Euronav NV announces has signed a new USD 410 million senior secured amortizing revolving credit facility. The facility has been made available on 16 December 2016 for the purpose of refinancing 11 vessels as well as Euronav’s general corporate and working capital
Tanker shipping company Euronav NV announced it has signed a new $410 million senior secured amortizing revolving credit facility. The facility has been made available on December 16, 2016 for the purpose of refinancing 11 vessels as well as Euronav’s general corporate and working capital
Wilhelmsen and Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier. Signing the transaction agreement is an important milestone in the merger as
Akastor ASA (OSE: AKA) announced today that the Agreement with MITSUI & CO., LTD ("Mitsui"), and Mitsui O.S.K. Lines, Ltd. ("MOL"), to create a joint venture with 50/50 ownership between AKOFS Offshore AS ("AKOFS") and Mitsui/MOL has now been approved and
Norwegian oil company Statoil ASA hopes to have 10 to 15 percent of Brazil's natural gas market in coming years, Pal Eitrheim, the company's most senior executive in the country, told journalists on Wednesday. Eitrheim added that major gas production in Brazil is likely to start after 2020
Carl Lieungh will step down as CEO of Sevan Marine ASA effective January 1, 2017. The company’s board of directors has appointed current CFO Reese McNeel to take up the CEO role while continuing to carry out the CFO function. Under the agreement reached between Lieungh and the board
Todd Schauer is Director of Operations at Resolve Marine Group, as well as President of the American Salvage Association. After graduating from the U.S. Coast Guard Academy with a degree in Naval Architecture in 1991, he followed that up with graduate degrees in Naval Architecture
* The Norwegian Wilhelmsen family sees no change in the planned ownership structure in Wilh. Wilhelmsen ASA in the foreseeable future after the merger with Wallenius * Wilhelmsen and Wallenius aim to merge its ownership in the jointly owned entities Wallenius Wilhelmsen Logistics (jointly
Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures.
TTS Group ASA said it has secured a new contract for delivering a 10,000-ton ship lift to Casablanca Port in Morocco with an order value of approx. MNOK 135. The contract is with Civils Contractor Somagec for its Casablanca Port development project.
As part of its continuing global growth strategy, subsea IMR provider N-Sea has announced the opening of a new office in Dubai, with operations due to commence as early as August 2016. The new base will support N-Sea’s increased presence in the region
Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing a step in the company’s efforts to cut costs and complexity while increasing its focus on its core cylindrical hull technology.
Solstad Offshore ASA (SOFF) says it has entered into a frame agreement with Technip Norge AS and Technip UK Limited (Technip) to supply vessels for trenching, construction and subsea services. The deal’s commercial terms have not been disclosed.
Prosafe, owner and operator of semi-submersible accommodation vessels, informs that its Chairman, Harald Espedal, has notified the company that he will step down from his position as Chairman and Director of the Board “for work load reasons”.
Philly Shipyard ASA has provided key information relating to the cash dividend to be paid by PHLY Dividend amount: USD 3.75 per share Declared currency: USD Last day including right: 12 May 2016 Ex-date: 13 May 2016 Record Date: 18 May 2016