McKean Defense Appoint Fleet Programs Strategy Advisor
Guy Holcombe has been hired to strengthen McKean's Naval Sea Systems Command (NAVSEA) business. Mr. Holcombe has had a distinguished career directing operations…
Sea Wave Power Stations Contract for SDE Energy
Israel-based SDE Energy Ltd has signed an agreement with the Conakry government for the development of a 100MW sea wave power plant along the coastline of Guinea Conakry, West Africa.
Legal Spat Settled Mainly in Favour of Sembcorp Marine
The Court of Appeal in its judgment today ruled that certain provisions in the Joint Venture Agreement between Sembcorp Marine and PPL Holdings premised on equal…
Ensco Q2 2013 Contracted Revenue Backlog $11-biliion
Offshore drilling services provider Ensco on the crest of the wave according to their second quarter 2013 financial results. Chairman, President and Chief Executive Officer Dan Rabun stated, “We continue to see strong, broad-based customer demand given the steady pace of new discoveries that must be appraised and developed. Mr. Revenues grew 17% to a record $1.248 billion in second quarter 2013 from $1.071 billion a year ago.
New Italo-Russian Shipbuilding Research Alliance
Fincantieri and the Krylov State Research Centre of Russia have signed a framework agreement with the aim of jointly developing new projects for technological innovation within the industry. The agreement, with an initial five-year term, stipulates that a series of initiatives will be undertaken in the partners' respective areas of operation, including joint research and development activities, the realization of new generation products and the provision of services.
Recent GofM Loss of Well Control: BSEE Sets Up Investigation
BSEE Gulf of Mexico Regional Director Lars Herbst has stood up a Panel Investigation into the loss of well control event that took place July 23 at South Timbalier Block 220 Well A-3, approximately 55 miles offshore Louisiana. The investigation led by BSEE will focus on determining the cause(s) of the loss of well control and developing recommendations to prevent similar incidents from occurring in the future.
Louisiana's Algiers Point Ferry Service Suspended
The Louisiana Department of Transportation & Development (DOTD) announces that ferry service between Algiers Point and Canal Street has been suspended pending repairs…
Gadot Chemical Tankers Wins US$80-million International Arbitration
The sale of Gadot Chemical Terminals and Tankers Ltd. by Israel Discount Bank (TASE: DSCT ) will be able to move forward, after the London Maritime Arbitration Association…
Anadarko Turns 2012 Loss Into Q2 2013 Profit
Anadarko Petroleum Corp (APC.N) reports a quarterly profit compared with a year-earlier loss, as the U.S. oil and gas company's results were helped by higher natural gas prices, according to Reuters.
Grounded Cordova Vessel Under Coast Guard Watch
A 77-foot integrated tug 'Hook Times' & barge home ported in Cordova is grounded on the Gulf of Alaska coast, 60 miles southeast of Cordova, as salvage plans continue, with the situation being monitored by the U.S. Coast Guard, reports The Cordova Times. Citing US Coast Guard officials, The Cordova Times explains that The Hook Point-Alaganik, with two people on board, was working on a tsunami debris…
Chemical Tankships Deep Laden on Fracking Boom
The boom in U.S. natural-gas supplies is boosting chemical exports to Asia, driving up demand for specialized ships that carry the products and sending freight rates to a five-year high…
Scorpio Tankers Confident in Future, Says Financial Report
Scorpio Tankers Inc. reported its results for the three and six months ended June 30, 2013. For the three months ended June 30, 2013, the company had an adjusted net income of $3.6 million…
Danaos Corp. Report Solid Performance Q1 2013 Report
Operating revenues of $146.6 million for the three months ended June 30, 2013 compared to $146.7 million for the three months ended June 30, 2012, a decrease of 0.1%.
Making Seaweed More Useful: ABB Control Technology
Using ABB’s control system technologies for an advanced, 24 hour chemical process, FMC Biopolymer converts seaweed to alginate for use in thousands of products. ABB has supplied process automation, motors and drives to FMC Biopolymer for more than 20 years. To further develop the process control system capabilities, the company has chosen to upgrade their main automation system from ABB's Advant to ABB's award winning Extended Automation System 800xA.
Weird & Wonderful Cruise Line Attractions
Shore excursions: At Aqua Expeditions, a small luxury line that cruises the Amazon, the effort to offer something different sometimes takes the form of a pickup soccer game with the locals in whatever Amazon River town the ship has docked. A virtual porthole: Disney Cruise Line has come up with a solution to the problem of the windowless cabin: on its Dream and Fantasy ships, inside cabins have a “magical” porthole — that is…
Latest Global Shipbuilding Orders
Clarkson Hellas S+P Weekly bulletin reports a relatively active week of newbuildings, with a notable number of new orders, although none in the tankship market. Dry bulk carrier sector: In particular this week Clarkson Hellas has seen further ordering in the mid‐sized dry sector and very much focussed on Ultramax. Starting with the larger sizes, Great Eastern Shipping of India were reported to have placed an order for two firm 81,600 DWT Kamsarmax at Tsuneishi Cebu.
Chairman-Controlled Firm Buys $5-million of Box Ships Share Offering
Box Ships Inc. has closed its public offering of 558,333 shares of its newly designated 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock at $24.00 per share.
China's Pingtan Board Consider Offer for Dredging Subsidiary
Pingtan Marine Enterprise Ltd. provider of territorial sea fishing and dredging services in the People's Republic of China (PRC), announce that its Board of Directors…
Happy Sky Embarks on Maiden Voyage
BigLift Shipping said Happy Sky began her maiden voyave from Shanghai to Cape Lambert, Australia on Sunday July 28. She is transporting three large modules (1 x 935 mt / 1 x 818 mt / 1 x 777 mt) to be installed as a part of the Port B, Phase B project in Cape Lambert. This voyage is the first of four consecutive shipments. Happy Sky is the latest addition to BigLift Shipping’s fleet of Heavy Lift Vessels.
Damen Delivers Fast Crew Supplier to Sea Consult
Danish company Sea Consult ApS has taken delivery of its first Damen Twin Axe as the company prepares to enter the offshore wind market. Based in Marstal, Sea Consult is a new customer to Damen and this will be the first Fast Crew Supplier (FCS) 2610 to be operated by a Danish company. The vessel already has work at Belgian and German offshore wind farms for the next year and the company’s new vessel is expected to be deployed in the next two weeks.