Roc Oil Starts Drilling on Block 09/05 & FARM-OUT OF 40%
Roc Oil (Bohai) Company, a wholly owned subsidiary of Roc Oil Company Limited (ASX:ROC), as operator of Block 09/05, Bohai Bay, Offshore China advises that drilling has commenced on the first exploration well QK11-1-1. Drilling from CPOE Rig 33 commenced at 11:00 China Standard Time on 14 August 2014. Total depth planned for this well is ~4,000 metres TVD (~4,500 metres measured depth). The 335 square…
Boskalis to Launch Share Buyback Program
Royal Boskalis Westminster N.V. (Boskalis) announces the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10 million of its own shares. The program will be executed in the next two and a half years, subject to the development of the financial results and maintaining the desired balance sheet ratios.
MAN Extends Helping Hand to Mercy Ships
MAN Diesel & Turbo says it has donated the equivalent of $115,000 dollars in service, spare parts and training to keep the engines of the hospital ship 'Africa Mercy', operated by Mercy Ships, in top condition to continue its charity work in Africa. MAN Diesel & Turbo continues its charitable support of the world’s largest civilian hospital ship which provides medical care in African coastal areas to those who couldn’t otherwise afford it.
Fastnet Announces Improvement of Deep Kinsale Option
Fastnet the UK and Irish listed E&P company focussed on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, is pleased to announce that it has entered into an amended exclusive option agreement with PSE Kinsale Energy Limited ("Kinsale Energy"), a wholly owned subsidiary of PETRONAS, in relation to the "Deep Kinsale Prospect". The Deep Kinsale Prospect extends from 4,000 feet…
GasLog Partners' First Option Vessels Acquisition for $328 mi
GasLog Partners LP and GasLog Ltd. announced today that they have entered into an agreement for the Partnership to purchase from GasLog, the sole member of the Partnership’s general partner and the Partnership’s majority unitholder, 100% of the shares in the entities that own and charter the Methane Jane Elizabeth and Methane Rita Andrea, modern liquefied natural gas carriers built in 2006, each with a capacity of 145,000 cubic meters, for an aggregate purchase price of $328 million.
ESG to Build Four RA Tugboats
Eastern Shipbuilding Group (ESG) said that Suderman & Young Towing Company & Bay Houston Towing Company have placed orders for a total of four new Robert Allan, LTD. (RAL) Z-Tech 2400 Class Terminal & Escort Tugs at Eastern’s Panama City, Florida facilities. ESG added that G & H Towing Company will provide the onsite representation for both owners as their agent during the engineering, construction and delivery phases of these contracts. At delivery, G & H Towing will operate each vessel.
Foster Wheeler Licensee Offers Heat Recovery Steam Generators
Foster Wheeler AG announced today that BHI Co., Ltd., a licensee of its Global Power Group, has been awarded two contracts for Heat Recovery Steam Generators (HRSGs) in Asia. BHI offers HRSGs, pulverized coal (PC) boilers, circulating fluidized bed (CFB) boilers and oil and gas boilers all utilizing Foster Wheeler’s proven technology. A contract by Mitsubishi Corporation was awarded to BHI for the design and supply of four HRSGs for the 240 megawatt Bangpoo cogeneration power plant in Thailand…
NAVPLAY’S Full Featured Notification System
iPad In-App Environments Provide a Wealth of Safety and Assessment Capabilities Capannoli, Italy – NavPlay, an innovative manufacturer of iPad apps for boaters, announced today its full-featured notification system. Comprised of Alarm Manager which notifies boaters through their iPads if preset conditions are met, the Diagnostics environment which checks the status of instruments via a WiFi connection…
US Finalizes Overhaul of Natural Gas Export Reviews
The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate…
East Sussex Coastguard Rescues Labradoodle
Coastguard Rescue Teams from Hastings and Rye Bay have been working to rescue a Labradoodle called Pepper that slipped over the cliffs at Ecclesbourne Glen near Hastings yesterday afternoon at just before 3 p.m. The call was passed to the Maritime Rescue Coordination Centre at Dover (MRCC) by Sussex Police. The MRCC sent Hastings Coastguard Rescue Team to the scene and a cliff man spotted Pepper on a very narrow ridge.
BIMCO: Peak Container Season Starts Strong
The demand side continues to improve on a global scale. The winter weakness in the US and still-sluggish demand in Europe has been offset by continued strong demand on North-South trades in the Atlantic basin and improving conditions on the ever-strong intra-Asian trading lanes. Demand-side growth is outstripping supply-side growth now, which is something that improves the fundamental balance in the market.
JA Moody, Viega Strike Distribution Deal
JA Moody, a national distributor for product lines in the navy and commercial marine marketplace, is now a Viega Marine Distributor for the U.S. shipbuilding and offshore markets.
Rapp Marine Hires Vatnehol as CEO
Helge Vatnehol has been appointed Group CEO of Rapp Marine. Vatnehol comes from the position of Senior Vice President Offshore Deck Machinery in Rolls Royce and takes over on September 1, 2014. “The companies in the winch division of former Rapp Marine Group have been collected within Rapp Marine Group. We are delighted that Helge Vatnehol has accepted the challenge to lead the group,” said Board Chairman of Rapp Marine, Olav Fjell. Vatnehol joined Rolls-Royce in 2000.
Video: USCG Rescues 800-pound Turtle
U.S. Coast Guard crew members from Cape May, N.J., and the Marine Mammal Stranding Center in Brigantine, N.J., rescue an entangled 800-pound endangered leatherback turtle off the coast of South Jersey Saturday, Aug. 9, 2014. Watch as the crew gets in close to remove the entangled fishing gear from the massive turtle's flipper: https://www.youtube.com/watch?v=qsNMdunLXdQ&list=PLF0538B37975BED0B. U.S. Coast Guard video by Petty Officer 1st Class Nick Ameen
MN 100: Cummins, Inc.
Global power leader Cummins, Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins is organized into four distinct but complementary business units: Cummins Engine Business, Cummins Power Generation Business, The Components Business and Cummins Distribution Business.
MN 100: ABS Group
ABS Group provides a range of technical solutions to support safe, reliable and high-performance assets and operations in a variety of asset-intensive industries, including the marine sector. With more than 2,400 professionals in over 30 countries, ABS Group delivers solutions all around the world. The mission of ABS is to serve the public interest as well as the needs of clients by promoting the security of life and property and preserving the natural environment.
Bangladesh Ferry Owner Arrested on Murder Charge
A special Bangladesh anti-crime unit on Wednesday arrested the owner of a ferry that sank in a river killing about 110 people, the first time authorities took such…
MN 100: Bollinger Shipyards
Established in 1946, the family owned and operated, Bollinger Shipyards group provides quality maritime construction, boat repair and conversion products and services to both the U.S. Military and the commercial marine industry. Four generations of Bollingers have been challenged to match the innovation, integrity and deep sense of responsibility that have become synonymous with the Bollinger way of doing business.
Video: Halifax Shipyard Construction Progress
Irving Shipbuilding’s Halifax Shipyard Modernization Program, a two-year engineering and construction investment to prepare the company’s facilities to build Canada's future combatant ships, is well underway. View a time lapse video of the yard modernization progress via the following link: http://vimeo.com/103323922. Irving said that upon completion, the modernization project will result in one of the most modern shipyards in North America.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.