HK Container Terminal Interests Cashed-in by DP World
DP World has entered into two transactions to monetise its interests in two container terminals & a logistics centre in Hong Kong. The transactions will see DP World monetise 75% of its interests in CSX World Terminals Hong Kong Limited (CT3), which operates berth 3 of the Kwai Chung Container Terminal (‘CT3’) and ATL Logistics Centre Hong Kong Limited (ATL), a logistics centre located alongside CT3…
Damaging an Egyptian Coral Reef Expensive
Due to an increase in tourism, Egyptian coral reefs are important to its economy: official records show 170 damage incidents. Vessel groundings are a large threat which coral reefs face…
China Shipyard Delivers One More Bulker
COSCO (Zhoushan) Shipyard Co., Ltd. has delivered a 57,000 dwt bulk carrier 'Ocean Master' to its European buyer. The new bulk carrier measures 189.99 meters in LOA and 32.26 meters in breadth.
Shell Norway Award Subsea Service Contract to ABB
ABB signs a $260 million service contract with A/S Norske Shell for operations at the Draugen and Ormen Lange oil & gas fields. The contract is for a period of 9…
UDEI Hosts Wind Energy Symposium
Experts explore future of wind energy research in two-day symposium at the University of Delaware Energy Institute (UDEI). How would wind turbines in the ocean alter the wind flow? Is wind energy a practical solution for powering electrical grids? Forward-looking questions such as those were addressed by experts in the field of wind energy at a recent symposium sponsored by the University of Delaware Energy Institute (UDEI).
ITF Keeping Eye on Strike-busting Bulk Carrier
The vessel 'Long Beach' reportedly loaded at Vancouver's Mitsui-UGC terminal where union dockworkers are locked out. The ITF is keeping the port under close watch.
Offshore Service Provider's 'Excellent' 2012 Profits
UK's James Fisher & Sons plc announces its results for the year ended 31 December 2012. "James Fisher had an excellent year in 2012, demonstrating the continued…
Bourbon Choose PC Maritime ECDIS
PC Maritime’s Navmaster ECDIS ordered for Bourbon’s latest generation IMR (Inspection, Maintenance & Repair) vessels. The new ships are beign built in Zheijiang shipyard, China.
Tankship ERS Capability Guidelines Published
The Oil Companies International Marine Forum (OCIMF) clarifies & recommends minimum scope of statutory Emergency Response Services (ERS). According to current regulations…
Alaskan Waters Sightseeing Catamaran Ordered
CIRI Alaska Tourism Corporation (CATC) orders a 150-passenger catamaran for KFT to add to its 12-vessel fleet, with delivery in early 2014. CATC is making investments in its Seward-based Kenai Fjords Tours operation as well as at its Kenai Fjords Wilderness Lodge. Designed by Teknicraft of New Zealand and constructed by All American Marine in Bellingham, Wash., the new vessel will join two sister ships, the Aialik and Orca Voyagers.
Discovery in U.K. Archives Reveal Key Shipwreck Documents
The St. Augustine Lighthouse and Museum’s Lighthouse Archaeological Maritime Program (LAMP), Director, Chuck Meide, made some key discoveries recently in London, England.
U.K. Property Tax Changes Affect Shipping Interests
International accountant and shipping consultant Moore Stephens said many overseas companies, including some connected to shipping interests, will be among those affected by draft legislation from the U.K. government proposing changes to the taxation of U.K. residential property valued at £2m or more. Among other things, companies resident outside the U.K. will, for the first time, be liable to capital gains tax (CGT) on such property, with effect from April 6, 2013.
Irving Progresses AOPS Design, Prepares 2015 Construction
Irving Shipbuilding welcomed Rona Ambrose, Minister of Public Works and Government Services Canada, and Peter MacKay, Minister of National Defense, to Halifax Shipyard…
OTC Announces Spotlight on New Technology Recipients
The Offshore Technology Conference (OTC), which takes place May 6-9 in Houston, has announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production. The awards will be presented at 1600 hours, 6 May, in Reliant Center. The Spotlight on New Technology Awards, which are for OTC exhibitors…
Transocean Receives Proposal from Carl Icahn
Transocean Ltd. announced that certain Funds affiliated with Carl Icahn submitted to the company for vote at its 2013 Annual General Meeting of Shareholders (AGM) a dividend proposal of $4.00 per share. Additionally, the Funds provided a notice of nomination of three director candidates for election to Transocean's Board of Directors at its 2013 AGM and a proposal to repeal the company's staggered board. The Transocean Board of Directors will evaluate the proposals in due course.
Nor-Shipping 2013 Announce Speaker Lineup
Nor-Shipping 2013 opens just three months from now with a cast of speakers featuring top executives from world-leading companies covering the entire value chain of themaritime industry – from shipowners and technology and service companies to regulators and financiers. Among speakers welcoming delegates to the Opening Conference on June 4 will be Norway’s Minister of Trade and Industry Trond Giske…
Teledyne Completes Acquisition of RESON
Teledyne Technologies Incorporated announced today that it has completed the acquisition of RESON. RESON, headquartered in Slangerup, Denmark, provides high-resolution marine acoustic imaging and measurement solutions. The acquired company will operate under the name Teledyne RESON. Terms of the transaction were not disclosed. With more than 30 years of experience and approximately 1,400 RESON echosounders sold worldwide…
2H Offshore Names Jewell and Ha Directors, London Office
2H Offshore Inc., an Acteon company, has named Glen Jewell and Hanh Ha as additional directors of its London office. The roles came into effect at the start of 2013. Jewell and Ha will join John McGrail and Alex Rimmer and will share responsibility for the management of the engineering activities and the continued success and development of the business. Ha’s primary activity sector will be flexible riser…
SCI Launches Liferaft Equipment Division
Survival Craft Inspectorate (SCI), a global provider of emergency marine evacuation systems, is to launch a new division at the Cruise Shipping Miami 2013 exhibition (March 11-14, 2013). The new division of SCI will supply, install and maintain emergency liferafts for the commercial cruise shipping and energy markets. SCI will initially open three offices in the United Kingdom with the first being at the company’s Findon operation.
Kongsberg Updates for Ocean Business 2013
Alongside the unveiling of a new AUV, Kongsberg Maritime will introduce a new variant of its state-of-the-art EM 2040 multibeam echo sounder during Ocean Business 2013 in April (stand N1). Ocean Business is the ideal launch platform for both new products, which are designed to offer significant new application possibilities for the subsea and survey industry. Other highlights from the leading subsea…