Oceanteam Wins Offshore Renewable Contract

Thursday, February 14, 2008
Oceanteam ASA announced that it had signed a contract with BARD Engineering GmbH for Inter Array Cable Installation Services associated with the BARD Offshore 1 Wind Farm, due for installation in 2009 & 2010. The contract will be executed in Q2 / Q3 - 2009 and Q1 / Q2 - 2010. The commercial terms between the parties remain confidential. The BARD Offshore 1 Wind Farm, consists of a 80 inter array cable installation and trenching programme with 30 WTG's in 2009 and 50 WTG's in 2010. The contract will be executed with the CLV Team Oman and Oceanteam trenching TROV OceanJet 900. The estimated contract value is Euro 24 million.

Contracts

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Legal

El Faro Captain Ordered Crew to Abandon Ship before Sinking

The captain of the doomed El Faro cargo ship sounded an alarm for his crew to abandon the vessel shortly before it sank last fall in a hurricane near the Bahamas, killing all 33 onboard, the U.

Foreship Establishes Tallinn Subsidiary

Naval architect and marine engineering company Foreship has created a wholly-owned subsidiary located in Tallinn to strengthen ties with shipowners, shipyards and

UASC's Dismal Performance

United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its key financial figures, says Alphaliner.

 
 
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