Adani Ports to Commission Tuna Tekra Terminal by Dec 2014
Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, will commission its dry bulk cargo handling terminal at Tuna Tekra in a record time by December 2014. The group shared this development with prospective clients during a trade meeting, last week. The meet, organized by Adani Ports & SEZ Ltd to make this announcement and showcase the salient features of the project, received unprecedented response…
Navios Maritime Holdings Declares Dividend on Series G
Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE: NM) announced today that the Company has declared a cash dividend of $54.6875 per share on its 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock (the "Series G Preferred Stock"), equivalent to a cash dividend of $0.546875 per American Depositary Share, for the period from April 15, 2014 to July 14, 2014. The dividend will be paid on July 15, 2014 to holders of record as of July 8, 2014.
Foster Wheeler Licensee To Supply Power Equipment to S. Arabia
Foster Wheeler AG (Nasdaq:FWLT) announced today that BHI Co., Ltd., a licensee of its Global Power Group, has been awarded a contract by Samsung C&T for the design and supply of six heat recovery steam generators (HRSGs) for the 2,100 megawatt Rabigh II combined-cycle power plant in Saudi Arabia. BHI has received a full notice to proceed on this contract. The terms of the agreement were not disclosed…
GasLog Completes Acquisition of 3 LNG Carriers from BG Group
GasLog Ltd. announced that it successfully completed the acquisition of three LNG carriers from an affiliate of BG Group plc (“BG”), which was previously announced on April 10, 2014.
Directorate Changes At Sound Oil
Sound Oil, the Mediterranean focused upstream oil and gas company, announced that the Board of Directors has decided to implement certain changes to reflect recent progress and developments. Sound Oil's current Chairman, Andrew Hockey, has decided to step down as Chairman of the Company following the Annual General Meeting. Andrew will remain on the Board as a Non-Executive Director and will continue to chair the Exploration and Production Technical Committee and the HSE Committee.
Cobbett Hill Earth Station Boosts Maritime Broadband Services
VT iDirect, Inc. (iDirect), a company of Vision Technologies Systems, Inc. (VT Systems), today announced that UK-based independent teleport operator Cobbett Hill Earth Station is upgrading the network of its maritime services unit, ION (International Ocean Services) to the iDirect Evolution 3.2 Platform. The acquisition of maritime satellite communications provider ION in 2013 marked Cobbett Hill Earth Station’s expansion into the commercial maritime market…
BAE Systems Awarded USS Harpers Ferry Contract Modification
U.S. Department of Defense informs that BAE Systems San Diego Ship Repair, San Diego, California, is being awarded a $14,772,006 modification to a previously awarded cost-plus-award-fee contract (N00024-12-C-4403) for 'USS Harpers Ferry' (LSD 49) fiscal 2014 phased maintenance availability. DoD explains that a phased maintenance availability includes the planning and execution of depot-level maintenance…
Revalidation of Singapore Certificate of Competency
Holders of Singapore issued certificates of competency (CoCs) [are reminded] of the requirements to revalidate their CoCs meeting the requirements of 2010 Manila…
NNS Supports SCA Welding Education Program
Huntington Ingalls Industries informs that its Newport News Shipbuilding division has donated training materials to the Southern Carolina Regional Development Alliance (SCA) for a welding program in Allendale County, S.C. The SCA's Advanced Manufacturing Skills Training Program has already provided 47 students with welding training. The SCA is now working to expand the program by implementing curricula developed and used by Newport News Shipbuilding.
Australian Defence Force in Key RIMPAC 14 Role
The Australian Defence Force (ADF) says it is playing a key role in the world’s largest maritime exercise taking place in and around the islands of Hawaii. Hosted by the United States Pacific Fleet, Exercise Rim of the Pacific 2014 (RIMPAC 14) will see 23 nations, 48 ships, six submarines, more than 200 aircraft and 25,000 personnel – with approximately 970 ADF members from all three Services – taking part.
Coast Guard Veteran Rep. Howard Coble to Retire Soon
Rep. Coble started off in 1949 in North Carolina, 250 miles inland, where he knew “virtually nothing” about the Coast Guard prior to enlisting. He was attending Appalachian State University in Boone, N.C. where his college classmates had gone to the recruiting office and talked him into going with them. Why the sudden interest? “I wrecked my dad’s car, for one thing,” chuckled Coble. “Ran it right off the road. I had a college deferment. Coble was soon a recruit at Training Center Cape May.
Fitch Affirms U.S. Port Financial Ratings
As part of its peer review process, Fitch Ratings informs it has affirmed its ratings for standalone U.S. Ports. No ratings were changed as a result of the peer review. In its review, Fitch confirmed or changed, as appropriate, the related attribute assessments (Stronger, Midrange or Weaker) for the ports. Information supporting the assessments is included in the individual rating action commentaries released for each port…
Polar Tankers Win Prestigious Coast Guard Award
The United States Coast Guard informs that it has recognized ConocoPhillips subsidiary Polar Tankers, Inc. with the Rear Admiral William M. Benkert Osprey Award for Environmental Excellence. Vice Admiral Peter Neffenger, the USCG 29th Vice Commandant, presented the award at the American Petroleum Institute Tanker Conference. The Benkert awards were created to recognize outstanding achievements in marine environmental protection that go beyond compliance with industry and regulatory standards.
DNV GL Celebrate Twin Anniversaries in Hamburg, Germany
Held at the historic Fischauktionshalle Halle, in Hamburg, Germany, DNV GL says that the event celebrated the 150th anniversary of the foundation of Det Norske Veritas (DNV) and the first year of operation of the newly formed DNV GL Group. The evening looked to both the past and the future of the company, celebrating both DNV GL’s long history and its continued drive to make a positive impact on the world through innovation. DNV GL Group CEO Henrik O.
Kvaerner in Big Statoil Offshore Platform Deal
Kvaerner says it has established a frame agreement with Statoil for delivery of steel jacket substructures to Statoil-operated fields. Based on this frame agreement, Statoil has signed a Letter of Intent (LoI) for Kvaerner to deliver two of the planned steel jackets to the Johan Svedrup development off the West Coast of Norway. Subject to all necessary approvals for the project to proceed, early estimates of the total value of the two jacket deliveries will be approximately NOK 3 billion.
Subsea 7 Selects BMT for Offshore Deal
Subsea 7 selected BMT Scientific Marine Services (BMT), subsidiary of BMT Group Ltd, to supply the riser monitoring system for the Aasta Hansteen Spar, approximately 300 km off the coast of Norway. The system includes an innovative suite of remotely operated underwater vehicles (ROV) deployed strain, motion and position sensors to monitor steel catenary riser (SCR) response in the Touch Down Zone (TDZ).
“Super Cranes” Delivered at Algeciras Port
Four STS cranes, the largest in their category, have been brought onshore at Algeciras port in Spain, and ready for to be commissioned. Inchcape Shipping Services (ISS) was recruited by ZPMC to moderate the break bulk carrier, Zhen Hua 25, and manage the discharge of her cargo in a safe and timely manner. The cranes, which stand at over 100m , are to be used at the APM Terminal, specifically to service new Triple E Class container ships.
SENER Operating Revenue up 7.6% in 2013
The SENER Engineering and Technology Group closed the 2013 financial year with an operating revenue of €1.218 billion, representing a growth of 7.6% on the previous year. The number of people working at SENER reached 5,570, an increase of 3.8%, and R&D investment was €71.7 million, representing 5.8% of the group's revenue. These figures position SENER as Spain's leading multidisciplinary engineering…
Piracy Offshore Africa: Securing a Continent
The late Nelson Mandela once said: “I dream of an Africa which is in peace with itself.” At the EU-Africa summit in Brussels last month, European leaders urged their African counterparts to facilitate that dream by shouldering more of the security burden in their countries, both onshore and offshore. The summit coincided with reports of renewed piracy activity in the Gulf of Aden; ongoing attacks on shipping in the Gulf of Guinea…
Eni, PetroVietnam Ink Offshore Exploration Contract
Eni said on Thursday it had signed a new offshore exploration contract with PetroVietnam as the Italian oil and gas group moves to strengthen its presence in Vietnam.