New High-speed Landing Craft Delivered in Australia
A new high-speed low-draft landing craft Island Guardian has been delivered to the Great Barrier Reef Joint Field Management Program in Australia.The new 21-meter vessel has been custom-designed by Incat Crowther and built by Norman Wright & Sons to enhance island protected area management, research, incident response and facilitate more efficient management of the Great Barrier Reef World Heritage Area.The Great Barrier Reef Joint Field Management Program is delivered jointly by the Great Barrier Reef Marine Park Authority and the Queensland Parks and Wildlife Service…
New Patrol Boat for Great Barrier Reef Area Hits The Water
Australian vessel designer Incat Crowther on Friday announced the launch of Tamoya, an Incat Crowther 17 to join Reef Ranger and Reef Resilience in Australia's Great Barrier Reef Joint Field Management Program fleet."Tamoya packs a lot of punch for her size, which is measured specifically to fit the home port berth. The main deck is dominated by an aft working deck with a quick launch and recovery system for a 3.4m RHIB, dive racks, deck winches, BBQ area, a sink and multiple deck lashing points…
Incat Crowther to Design Patrol Vessel for Queensland
Incat Crowther reports it has been chosen to design an aluminum patrol vessel for Queensland’s Department of Environment and Science. The design was put to construction tender and Norman R Wright and Sons has been selected to build the vessel.The Incat Crowther 17 design was selected for the project based on specific criteria to deliver a high service delivery capacity for the operation, the designer said. This requires excellent seakeeping, reliable cruise speed, low fuel consumption…
Sound Energy Reports Progress On Moroccan, Italian Licences
Sound Energy, the European/Mediterranean focused upstream gas company, is pleased to provide the following update on its Moroccan and Italian gas portfolio. Further to the recently announced signatures with Schlumberger of both the strategic partnership across Europe and Africa and the Field Management Agreement specifically on Tendrara, the Company has now signed a Letter of Intent with Entrepose Drilling Morocco for the supply of a HH300 rig for the first two wells on the licence (which are expected to be back to back). The Company, post the recently announced transaction with Schlumberger, will retain operatorship and a 27.5% effective net working interest with a 20% effective net paying interest for the first well (increasing to 25% for the second and third wells).
Travelers Appoints Bill Queen as President of Ocean Marine
The Travelers Companies, Inc. announced that Bill Queen has been named President of Travelers Ocean Marine. In this role, Queen is responsible for the overall leadership and management of the Travelers Ocean Marine business. "Bill's extensive management experience has prepared him well for this role," said Jim Chapman, President of the Travelers First Party Group. Since joining the First Party Group four years ago, Queen has become increasingly involved with the Ocean Marine organization.
XL Establishes Inland Marine Field Ops
To put its marine insurance experience closer to their clients, agents and brokers, the Marine insurance unit at XL Group plc (NYSE: XL) announced additional underwriting appointments further establishing its inland marine field operation. XL’s new Inland Marine Field team includes Michael Perrotti, Senior Vice President, Marine Field Operations based in Cleveland, Ken Mueller, Regional Vice President in Atlanta, and Ryan Faris, Marine Underwriter in New York. According to Richard DeSimone, President of XL’s US Ocean and Inland Marine unit, “New York, Cleveland and Atlanta are key trading hubs. With these appointments, we’re putting our inland marine underwriting expertise out in our key markets and in closer proximity to our clients.
Weeks Marine to Build Ocean Going Dredges
Investment Based on U.S. Commitment to ‘Private Sector First’ Philosophy Announcement Coincides with Annual National Dredging Meeting in Washington, DC Washington, DC._WEEKS MARINE Inc. (WMI), an ENR top 100 construction contractor with deep roots in the New York maritime community and based in Cranford, NJ, today formally announces two major additions to its considerable dredge, tugboat, booster, hopper barge, and industrial workboat fleet. By the end of 2011, the Weeks 315, a new ocean class, 30-inch, hydraulic cutter suction dredge will join Weeks Marine’s large and diverse pipeline dredge fleet. Approximately two years later, a new large class, 8,500 cubic yard hopper dredge, the Weeks 475, will become WMI’s third hopper dredge.
Offshore Recovery Stalled For Now
As crude oil prices reach Gulf War highs and recent memories of historic low crude prices fade, capital spending on finding and developing new oil reserves continue to play catch up. "The recent oil-price crisis set back non-OPEC output growth for at least a year," a recent report released by Deutsche Banc Alex. Analysts say there is a lag time for exploration spending to play catch up with oil prices - for every one month when crude prices are below the cost of production, it takes three months of high prices to regain the volume of production lost during the low cost period. Crude prices began to rebound from lows near $10 a barrel when OPEC and other major producers cut crude production to raise prices in March 1999.
