Laborde Marine Get Necessary Finance for Expansion
GE Capital, Corporate Finance has announced that it provided US$22.5-million in equipment financing to Laborde Marine. The funds refinance existing debt used to purchase five new crew boats.
ClassNK Update on Loss of 'MOL Comfort'
Based on the presence of water-ingress in the bottom of the vessel’s midship at the outset of the casualty, the fracture in the vessel’s hull is considered to have originated from the bottom part of the vessel. Hull strength and loads at the time of accident were assessed in order to investigate how the fracture occurred and progressed. Structural hull capacity was analyzed using non-linear finite element 3-hold modeling, and dynamic wave loads including whipping effects were also analyzed.
Aker Arctic & Navis Engineering Agree DP Collaboration
Aker Arctic Technology Inc and Navis Engineering Oy have signed an agreement on joint development of Dynamic Positioning systems for ice operation. The companies…
Barge Operators Northland Join Lynden Group
The Lynden family of companies welcomes Northland Services, a marine transportation company providing shipping between Seattle, Alaska and Hawaii. Northland is a…
Greenpeace's 'Arctic 30' Move St. Petersburg Jail
Greenpeace International reports that it understands from diplomatic sources that the thirty men and women detained by Russia following a peaceful protest against an Arctic oil platform are being moved from a detention centre in Murmansk to a jail in St Petersburg. Lawyers for Greenpeace are not aware of the reasons for the move. "“The detainees shouldn’t be in jail at all. They should be free to join their families and restart their lives.
Nordic American Offshore Order One More Ulstein PSV
Nordic American Tankers' new company, Nordic American Offshore Ltd. (NAO), has extended its preliminary option purchase agreement with Ulstein from six Blue Ship PSV's to seven. The project as described in the earlier Nordic American Tankers' press release, has been expanded to seven PSV vessels, with the option for delivery of this seventh vessel during the spring of 2015. The six vessels are of the PX121 type, and were designed and constructed by Ulstein in 2012-13.
Kongsberg Report 'Robust' Q3 2013
KONGSBERG reports operating revenues in Q3 2013 of MNOK 3 448 (MNOK 3 675) and EBITDA of MNOK 518 (MNOK 646), resulting in an EBITDA margin of 15.0 per cent (17.6 per cent). Kongsberg Maritime and Kongsberg Defence Systems have higher EBITDA's than in Q3 2012, while Kongsberg Protech Systems has lower EBITDA. During the quarter, the Group booked new orders valued at MNOK 3 688 (MNOK 3 495). "KONGSBERG has had yet another robust quarter…
Thailand Tourist Ferry Sinks, 7 Dead 100 Injured
A tourist ferry has capsized in Thailand, near the beach resort city of Pattaya. 200 Thai and foreign tourists were on the (allegedly overloaded) double-decker ferry reports RT News. Marines from Thailand’s Sattahip Naval Base have been deployed to search for the ship and missing passengers. The number of missing people has not been officially confirmed, but RT cite local media as reporting that at least 20 are missing. Source: RT News