Bibby Secures Two More Offshore Contracts
Bibby Ship Management announced it has secured two new contracts in the offshore oil and gas sector. Bibby Ship Management Singapore has been appointed as the technical and crewing managers for the OSX 2, an FPSO vessel, working in conjunction with overall project managers Tecnomar & Associates. The office has also secured a contract with Global Samson to take over the management of two Platform Supply Vessels, the newbuild Ocean Turquoise 1 and another vessel which is currently being finalized.
CIMC Pride Mega Yachts Announce Sale of 'Illusion'
Pride Mega Yachts is proud to announce the sale of the 88.8-meter Illusion. The sale of this sophisticated six-deck mega yacht proves Pride's unique position as an established, competitive and accomplished player in the world's mega yacht market. According to Pride Mega Yachts spokesman, “The success of such a significant sale is the proof that the superyacht industry is buoyant and that sales of large yachts are flourishing once again.
China: Spratly Islands are 'intrinsic territory'
China can build whatever it wants on its islands in the South China Sea, a senior Chinese official said on Monday, rejecting proposals ahead of a key regional meeting…
Roxi Announces Exercise of Options
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, announces that following the exercise of options 1,000,000 new shares ("Option Shares") have been issued. Roxi will apply for these 1,000,000 Option Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on 7 August 2014. The total number of shares in issue following the issue of these shares will be 839,034,014.
Sinopacific Shipbuilding Win Order to Construct 4 SPA60 vessels
Sinopacific Shipbuilding Group (SINOPACIFIC) has recently signed a contract with Singaporean company Vallianz Holdings Limited (Vallianz) for the construction of 4 SPA60 vessels. The vessels will be built in SINOPACIFIC’s Zhejiang Shipyard and all of them are expected to be delivered from the end of 2014 to the beginning of 2015. It is the first order SINOPACIFIC has gained from the Southeast Asian market for its in-house “SP-design”…
WISTA Launched in Sri Lanka
Women’s International Shipping and Trading Association (better known as WISTA), was launched in Sri Lanka on the 03rd July 2014, at the Hilton Residencies Colombo amidst a large and distinguished gathering including the Chairman of the Sri Lanka Ports Authority, Chairmen & Chairpersons of leading Public and Private Sector Organizations and Institutes. WISTA Sri Lanka will function under the Presidency of Ms.
Fire Controlled at Brazil Sugar Export Terminal
Firefighters at Brazil's Santos Port contained a blaze at two sugar warehouses operated by Cosan SA early on Monday, but the damage threatened to disrupt exports.
Bangladesh Ferry Capsizes, 100 Missing
A ferry with about 200 passengers on board capsized in Bangladesh on Monday in a river southwest of the capital, Dhaka, and about 100 people were unaccounted for…
Isle of Man Flag Appoints Raja Ray as BDM, Singapore
The Isle of Man Ship Registry has appointed Captain Raja Ray as business development manager in Singapore. The senior appointment is aimed at strengthening the flag’s position in the growing shipping markets of Asia Pacific. Captain Raja is a senior maritime professional who spent almost 20 years working for American Eagle Tankers (AET) as master and then ashore in Singapore and London in Health, Safety…
Meyer Werft joins forces with STX Finland
German cruise ship builder strengthens its yards. MEYER WERFT joins forces with the STX Finland shipyard in Turku. Following weeks of negotiations the Finnish Government and MEYER WERFT signed a share purchase agreement with the current owner STX Europe. With its 70% stake MEYER WERFT takes the industrial leadership of the new company. At present some 1,300 employees and a specialized supplier network…
ROC Propose to Acquire All ROC Shares
The ROC Board announced today that it has entered into a Bid Implementation Agreement (BIA) under which it is proposed that Fosun International Limited or a subsidiary of it (Fosun) will acquire all of the ROC shares currently on issue for A$0.69 cash per share by way of off-market takeover offers (Fosun Offer). A copy of Fosun’s announcement to the Hong Kong Stock Exchange earlier today is attached. an implied market capitalisation of ~A$474 million.
Ensco plc Reports Loss in 2Q 2014
Ensco plc today reported a loss of $5.07 per diluted share in second quarter 2014 compared to earnings of $1.55 per diluted share in second quarter 2013. The loss…
Pentair plc 2Q 2014 Sales at $1.9 bi, Down 3%
Pentair plc today announced second quarter 2014 sales of $1.9 billion. Sales were down 3 percent compared to sales for the same period last year. Adjusted second…
USCG Rescues 6 During "Round The Rock Alcatraz Challenge"
The Coast Guard received a report of an overturned outrigger canoe with six persons aboard Saturday. A good Samaritan in the area maintained a visual on the boaters…
ACP & New Locks Contractor Set to Complete Canal Expansion
The Panama Canal Authority (ACP) and the consortium Groups Unidos por el Canal (GUPC) signed today the variation incorporating to the original contract the agreement…
GAC Bahrain now FAIMplus Certified
GAC Bahrain has secured the coveted FAIMplus certification for its international moving operations, after completing what is considered the most strenuous quality assessment in the industry. FAIM is an industry-leading standard for the logistics business, developed by FIDI Global Alliance. By assessing the international moving activities of logistics companies, the FIDI-FAIM accreditation provides a globally recognised common standard for service delivery.
ICC calls TFA Setback Disappointing
The International Chamber of Commerce has expressed deep concern that the deadline to implement the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) has been missed.
Altair Expands to South Africa with Office in Stellenbosch
Altair, a US-based engineering company, recently acquired EM Software & Systems - S.A., makers of FEKO® electromagnetic field analysis software. FEKO is now becoming part of Altair’s computer-aided engineering (CAE) suite HyperWorks®. With this move, Altair gains a local presence in South Africa with tremendous depth of industry expertise. Personnel in Stellenbosch will be responsible for all Altair sales and support activities in the region.
Sound Oil's Nervesa Gas Discovery
Sound Oil, the European / Mediterranean focused upstream oil and gas company, is pleased to update investors on its continued progress with the proposed second well addressing the Southern limb of the Nervesa gas discovery, onshore Italy. The 5,000psi single completion wellhead has now been delivered to a local warehouse and is ready for installation. The remaining long lead items have now also been ordered and are scheduled for delivery during September.
Quake Leaves at Least 367 Dead in Southwestern China
A 6.3 magnitude earthquake that struck southwest China on Sunday left at least 367 dead and 1,881 wounded in a remote mountainous area of Yunnan province, and caused some buildings to collapse…