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Group Announces

Man-Made Island Proposed for LNG Terminal

Atlantic Sea Island Group, announced that they have received notification from the United States Coast Guard that their application to create an LNG deepwater terminal on a 60.5 acres constructed island 13.5 approximate miles south of Long Beach, Long Island, has been deemed "complete" and allows the regulatory, oversight and review process to continue pursuant to federal regulations. Far from population centers and outside of vital shipping lanes, Safe Harbor Energy will have the capacity to deliver 2 billion cubic feet of natural gas each day to 65 million consumers, ending the area's dependence on natural gas shipped up from the Gulf Coast some 1,200 miles away.


VT Chairman Outlines Venture with BAE Systems

In a statement provided with the company's Preliminary Results , VT Group's chairman Michael Jeffries gave an indication of how the new shipbuilding venture between his company and BAE Systems would be structured. He said "We announced in December 2006 that we had entered into discussions with BAE Systems to combine our respective surface shipbuilding and naval support businesses, including Fleet Support Limited (FSL)


Dubois Appointed CFO of CMA CGM Group

CMA CGM Group announced the appointment of Olivier Dubois as Group Chief Financial Officer. He will replace Jean-Yves Schapiro who has decided to take on new challenges outside the shipping industry. Olivier Dubois graduated from ESSEC Business School in 1976 and IEP Paris (Business Administration) in 1978. His experience has spanned over 30 years: from 1980 to 1991 at Banque Paribas; from 1991 to 2002, Director and Executive Officer in charge of Administration, Finance, Tax, IT


Kongsberg EM2040 dual head at MMT Group

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MMT Group announce acquisition of a new Kongsberg EM2040D. The EM2040 dual head system has recently been installed on MMT’s survey and ROV vessel IceBeam.   This is the first highly developed multibeam echo sounder to combine all of the advanced features of deepwater echo sounders to the near-bottom sounding environment. Such features include:   1.    Dual swath per ping to maintain a high survey speed


Reservoir Names MD for Well Intervention

Fraser Louden (Photo: Reservoir Group).

Reservoir Group announced the appointment of Fraser Louden as managing director of its well intervention and measurements business. Acting as the Group management team’s interface with its growing portfolio of companies, Louden joins from an executive advisor role at FMC Technologies and previous expertise at READ Well Services Ltd., where he held key roles, including chief executive officer, vice president, business development manager and R&D manager.


Ship Service Provider GAC Announces Senior Appointments

Patrik Halldén: Photo credit GAC

The GAC Group announces key management appointments for its head office and local operations in Oman and the United Kingdom. Group Vice President for Human Resources Jan Farnelid will retire on 31 August and take on a consulting role with the Group until the end of the year. Since 2004, Jan has successfully implemented HR policies and initiatives that underline the importance of GAC’s focus on human capital as a key enabler of its expansion strategy.


P&O, Festival Squash Consolidation Plans

Citing, among other factors, a lackluster market for cruise shares on the U.S. stock exchange, P&O said it and Festival Cruises decided not to pursue the merger of their cruises businesses due to the continuing low valuations of cruise companies in the United States. The groups announced in May a deal to combine businesses as part of Peninsular and Oriental Steam Navigation cruises division in a deal worth up to $600 million.


Victoria Shipyards Acquires CME Assets

Washington Marine Group announced that it has acquired substantially all of the Victoria-based assets of Canadian Maritime Engineering (CME). CME has operated a ship repair business at the Esquimalt Graving dock since 2004. The CME assets include a large shop, shipyard machinery and equipment, which Victoria Shipyards (VSL) will utilize in the execution of the Frigate Life Extension program (FELEX) for the Canadian Navy


NOL Group Orders New Container Ships

Global shipping and logistics company NOL Group announced an order for 10 new 8,400-TEU (twenty-foot-equivalent unit) container ships to be delivered in 2013 and 2014.  It has also signed a letter of intent for two 10,700-TEU vessels.  The total consideration is approximately $1.2b. The ships will be constructed by South Korea-based Daewoo Shipbuilding & Marine Engineering Co.  The two organizations signed a contract for construction of the 8


Ocean Conservancy and NAMEPA Partner to Fight Marine Debris

  NAMEPA (North American Marine Environment Protection Association) and the Ocean Conservancy signed a memorandum of understanding (MOU) this month, the two group announced in a press release.   The agreement aims to foster a collaborative effort that encourages marine pollution prevention, advocates for sensible and sustainable marine environmental practices, and heightens public awareness of impacts and mitigation techniques of marine pollution.  


ST Engineering Y-O-Y Profits Slip

  Singapore Technologies Engineering Ltd  reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.63b as reported for FY2013. Profit before tax (PBT) of $650.7m was $79m or 11% lower year-on-year compared to $729


Nicaragua Canal Disastrous: Scientists

 Nicaragua Grand Canal project by HKND

 An international consortium of environmental scientists has expressed strong concern about the impact of a controversial Central American canal across Nicaragua.    The leading researchers from 18 institutions in the United States and Central and South America -- have voiced


BG Group Produces First Oil from Knarr Field

Petrojarl Knarr (Photo: BG Group)

BG Group announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel had started production from the Knarr oil field in the North Sea, offshore Norway.    The FPSO has been leased from Teekay Corporation and is moored approximately 120 kilometers off the


New Containership Enters CMA CGM Fleet

CMA CGM Volga (Photo courtesy of the CMA CGM Group)

The CMA CGM Volga, eighth of the 28 vessels named after famous rivers series, enters the CMA CGM fleet   Newbuild containership CMA CGM Volga entered the CMA CGM fleet on March 17, and began her first rotation in Dalian, China, on March 20, the CMA CGM Group announced.  


SERS Partners IEMS for Enhanced Oil Spill Response Services

Enhanced Oil Spill Response Services

  Dubai-based Swire Emergency Response Services (SERS), a fully owned subsidiary of Swire Pacific Offshore group, announced its partnership with Mediterranean-based International Environmental and Marine Services (IEMS) to jointly provide Tier 2/3 response services to clients in Europe


CMA CGM’s Seasonal Fruit Service Returns

Photo: CMA CGM

The CMA CGM Group announced its Citrus Express seasonal service will start again in November. Spread over two rotations, this service enables to export citrus fruits and apples from East Mediterranean to the Black Sea. It will call the ports of Syria


Fulcrum Buys BMT Snyek Technologies

Photo courtesy of BMT

BMT Group announced the sale of BMT Syntek Technologies Inc to Fulcrum Corporation. Fulcrum Corporation, based in Arlington, VA., providies customized services and solutions to organizations within the Department of Defense, the Department of Transportation, and various private sector companies


Kemp Succeeds Semple at Wood Group

Alan Semple, chief financial officer of the Wood Group

  Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015


CMA CGM Updates European, African Services

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The CMA CGM Group announce the specialization of its EURAF 1 and EURAF 2 services to meet the needs of its African and European clients. Accordinng to the shipping company, the services will offer two weekly services from Europe and the Mediterranean to Africa instead of one; improved


CMA CGM to Inaugurate In-house University

The CMA CGM Group announced the opening of the CMA CGM Academy, its new in-house university, located in its Marseilles (France) headquarters.   The first in-house university was launched years ago to make the group’s collaborators’ training a priority


Thome: Self-Sufficient in Junior Officer Recruitment

Photo courtesy of Thome Group

THOME Group announced that it has become self-sufficient in recruiting junior officers thanks to its in-house cadet training program. Launched in 2005 under THOME’s “Human Element” initiative, the Thome Global Cadet Program has already trained in excess of 1


CMA CGM Box Ship is the Largest to Call Brazil

CMA CGM Tigris (Photo courtesy of CMA CGM)

CMA CGM reinforces its position in Brazil, introducing the largest vessel in terms of TEU capacity to ever call Brazil   Containership CMA CGM Tigris, one of the newest vessels in the CMA CGM fleet, is due to call the Port of Santos on February, 6


Cosco Scraps Eight Old Bulk Carriers

Image: Cosco group

Following the recent announcement ordering 10 drybulk vessels, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping.    The vessels were sold to different third parties for scrap for approximately RMB82.2m ($13.3m)


New Box Ship Enters CMA CGM Fleet

CMA CGM Rhone (Photo: CMA CGM)

The maiden voyage of the containership CMA CGM Rhone started in China on February 20, the CMA CGM Group announced.   The 9,365 TEU vessel CMA CGM Rhone is the seventh in a series of 28 ships from 9,400 TEUs to 10,900 TEUs that will be delivered from now to the third quarter of 2016


Okeanus to Represent MacArtney Group in Brazil

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Underwater technology provider MacArtney Group has signed an agreement with Okeanus Ltda. to be the group's official representative in the Brazilian market, MacArtney Group announced today. This is the third such deal MacArtney Group has signed in the South American in the last six months






 
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