Kuwait Invests to Capitalize on Strategic Location
Kuwait invests $1.2 billion in bid for Northern Gulf gateway for new port facilities as regional market competition intensifies. A recent World Bank report ranked Kuwait in 36th place out of 155 countries in terms of the movement of goods and services through its ports, but traffic congestion at existing locations has prompted significant investment into new facilities in order to capitalise on commercial potential and secure gateway status for the Northern Gulf region.
NSWC Carderock Receives Patent for Galfenol Discovery, Development
Naval Surface Warfare Center (NSWC) Carderock received a patent Nov. 13 for their discovery and development of a new smart material called Galfenol. Galfenol is a magnetostrictive smart material that can be used in sensors, actuators and structural supports. The material was co-discovered in 1999 by NSWC Carderock and the Department of Energy's Ames Laboratory and has been in development for the past 13 years in partnership with Etrema Products Inc.
Venture Boat Co. Relaunches Itself on Market
Under leadership of new owner, Lee Heaton, US-based Venture Boat Company features modernized new additions to its range. Venture Boat Company has undergone a complete modernization, adding a number of innovative improvements to their existing models, introducing new models and moving production to the world-famous American Custom Yachts (ACY) facility in Stuart, Florida. Through their new partnership with American Custom Yachts…
Search Suspended for Missing GofM Rig-fire Victims
The Coast Guard suspends the search for two missing crewmembers, following the Black Elk platform explosion and fire. US Coast Guard crews searched a 1,400 square…
Subsea J/V Launched by Cameron & Schlumberger
The joint venture company, OneSubsea, is to manufacture and develop products, systems and services for the subsea oil and gas market. This new company intends to…
Marin Teknikk to Design, Engineer New US SSCV
Norway's Marin Teknikk AS wins Otto Candies of Louisiana contract to design & engineer a Subsea Support & Construction (SSCV) vessel. The vessel will be built at the owner's private shipyard, Candies Shipbuilders to a new design from Marin Teknikk – MT6020. It is intended to operate in the U.S. portion of the Gulf of Mexico and must therefore be constructed in the United States. The MT6020 design is…
Crew Leave Transit Visa Hassles Disappoint ISF
The International Shipping Federation (ISF) concerned at low implementation levels of ILO Convention 185. Speaking in Manila, at a seminar organised by the International…
New DP Vessel Inertial-aided GNSS Service by Veripos
Global offshore positioning specialists Veripos introduce a new inertially-aided precision GNSS solution for dynamically positioned vessels. The new system, Verify Axiom…
Seadrill Buys Ultra-Deepwater Rig 'Songa Eclipse'
A subsidiary of Seadrill to buy the ultra-deepwater semi-submersible rig 'Songa Eclipse' for a price of US$ 590-million. The rig was delivered from the Jurong Shipyard in Singapore in 2011, and is currently operating for Total offshore Angola on a fixed contract ending in December 2013. In addition Total has three one-year options to further extend the contract. Seadrill intends to take delivery of…
GAC Pindar Teams Up with TNL International
GAC Pindar forms a new venture with global freight forwarder TNL International to offer specialist marine leisure logistics services. The new partnership, named TNL GAC Pindar, is headquartered in Auckland, New Zealand. It serves Australia, New Zealand and the Pacific Islands, providing a complete package of solutions including yacht transportation, superyacht services, air, sea and road freight, agency services and specialist superyacht bunkering.
NOAA Ship Speed Restrictions Flouted off US E. Coast
The National Oceanic & Atmospheric Administration (NOAA) are increasing their vigilance to protect the seasonal whale calving grounds. Despite NOAA advertising the speed restrictions it seems vessels are continuing to flout the speed limitation. Vessels in these areas are continually seen to be breaking these speed restrictions, in particular in the Delaware Bay entrance area are therefore being fined by NOAA. Fines levied by NOAA amount to $5,750 per incident.
Havyard Group Buys Out MMC
Norway's Havyard Group AS buys 70 % of the shares in MMC, provider of products & services to the fishing & offshore vessel sectors. MMC has 120 employees and the company’s main office is at Mjølstadneset in Fosnavåg on the west coast of Norway. The company is also located in Stavanger, Haugesund, Vigra and Tromsø, as well as having a branch office in Lima, Peru. MMC and Tendos joined forces in 2000 to deliver products to fishing and well boats as well as shore-based receiving plants.
New Offshore Oil & Gas Leak Detection Technology
Sonardyne Asia Pte Ltd. to launch ALDS (Automatic Leak Detection Sonar} at upcoming OSEA Singapore expo. ALDS has been designed to continuously and automatically detect and localise oil and gas leaks below 1 barrel per day in excess of 500 metres whilst eliminating transient acoustic targets that could trigger false alarms. Sonardyne’s ALDS is designed to continuously monitor one billion cubic feet of water for leaks around subsea oil and gas assets.
Superyacht Society Honors Oceanco CEO
Marcel Onkenhout, CEO of Oceanco wins the 'International Superyacht Society's Excellence in Innovation Award' 2012. The award, open to every aspect of the marine industry, is given to an individual or business that has demonstrated innovation in their endeavours within the previous year. In making the award SSE cited Onkenhout as having been highly original in his team development and business management, taking the company forward with innovative thinking.