TOPAZ Explores Investment in Azerbaijan

Monday, May 01, 2006
A Topaz delegation consisting of Board Directors and Senior Management were in Azerbaijan in the Caspian region to hold discussions with State Oil Company Azerbaijan Republic (SOCAR). The aim of the meeting was to explore areas of mutual interest and opportunities for investment in the Caspian region. To support the growing offshore oil & gas market Topaz plans significant investments in the building of new offshore support vessels in the Caspian region in the next few years, providing support services to the offshore upstream energy sector. In total Topaz will spend $100m over the next two years expanding its fleet. Currently it operates 70 vessels including offshore supply ships, work barges and ice-breakers. It plans to add a further 25 vessels to bolster the existing fleet and to replace ships earmarked for retirement. (Source: AME Info)

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


TORM Orders Four LR2 Newbuildings

TORM has today entered into an agreement to purchase four fuel-efficient LR2 newbuildings from Guangzhou Shipyard International (“GSI”) with expected delivery

Australia Submarine Program Enters Next Phase

Evaluation of Australia’s Future Submarine program proposals will now commence with all three potential international partners submitting their proposals in full,

ESL Orders LNG-fueled Bulker following Transport Deal with SSAB

ESL Shipping Ltd and the steel company SSAB have signed a long-term frame agreement covering SSAB’s inbound raw material sea transports within the Baltic Sea and from the North Sea.

Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0715 sec (14 req/sec)