Petrotechnics Secures Investment From BGF
Petrotechnics, a global software solutions company, announced the completion of £6 million investment from Business Growth Fund (BGF). The investment will help fuel the next stage in the company’s aggressive global growth strategy in new geographies, new talent acquisition and ongoing innovation, including the continued global roll out of its enterprise operational performance and predictive risk software platform, Proscient.
ICS Launches Annual Review of Shipping Developments
The International Chamber of Shipping (ICS) has published its latest Annual Review of maritime policy and regulatory developments, in advance of its Annual General Meeting, which is being hosted by the Norwegian Shipowners’ Association in Oslo from June 5-7. The 2013 Annual Review, which covers the wide-ranging scope of ICS’s activities as the world’s principal international trade association for ship operators, can now be downloaded free of charge from the homepage of the ICS website.
Diamond Offshore Order New Rig, Charter it Out
Diamond Offshore Drilling order Moss CS60E design harsh environment semi-submersible drilling rig from Hyundai Heavy Industries, & charter it out to BP subsidiary. The 10,000 ft.
MHI Consolidates Marine Engineering Business
Mitsubishi Heavy Industries, Ltd. (MHI) to form a company dedicated to its marine machinery & marine diesel engine business as from October 1, 2013. The new entity…
Maersk Tankers Sells its Entire VLGC Fleet
Maersk Tankers exits Very Large Gas Carrier (VLGC) segment by selling its fleet to the BW Group. The BW Group buys Maersk Tankers five owned vessels and takes over the five existing time charter commitments, which Maersk Tankers explains is part of its divestment strategy to focus on fewer segments. Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our strategy to focus on fewer segments.
OSI to Supply Newbuild Indonesia Submarine Equipment
OSI Maritime Systems contracted to deliver integrated navigation systems to DSME for Indonesian Navy Type 209 SSK Program submarines. OSI's contract is with Daewoo…
'Grandeur of the Seas' Fire Impacts on Share Price
Royal Caribbean Cruises Ltd. has quantified the financial impact of the recent fire on board their 'Grandeur of the Seas'. The cruise ship, Grandeur of the Seas, experienced a fire in an industrial area on the aft of the ship. The company has taken the vessel out of service and expects that it will take approximately six weeks to complete the repair efforts. The company estimates that the direct financial impact of this event, net of insurance, is a reduction of $0.10 per share.
Crash Course on Unmanned Robotics at US NWC
U.S. Naval War College (NWC) students participate in a presentation & discussion of unmanned robotic systems with ReconRobotics, Inc. & Hydroid, Inc. This event was part of the "Unmanned Systems and Conflict in the 21st Century" course at NWC, serving as an opportunity for future decision makers to gain exposure and expand their knowledge of unmanned technologies. "It's important to be aware of advancements…
New LNG Bunker Fuel Technical & Safety NGO Formed
The Society For Gas as a Marine Fuel (SGMF) is launched as new Non-Governmental Organisation to enhance safety and best practices in the use of LNG as a ship fuel.
US Chart No. 1 Goes Electronic
U.S. Coast and Geodetic Survey Chart No.1 has described the symbols used on paper nautical charts for 65 years. Mariners have had a standard guide for understanding the symbols, abbreviations and terms used on paper nautical charts since 1948. In a major step forward, a new edition of that guide also describes the symbols specified by the International Hydrographic Organization for the display of electronic navigational charts (ENC) on Electronic Chart Display and Information Systems (ECDIS).