Aker Solutions Starts Trading After Company Split
Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance, Modifications and Operations (MMO) businesses of the former Aker Solutions, which has been split into two separate entities to reduce complexity, realize synergies and bring down costs.
Pioneer Natural Resources to Double Condensate Exports
3rd U.S. condensate export cargo heading to Singapore; Pioneer expects exports to rise to 50,000 bpd next year. Eyes exports of bigger cargoes to reduce freight costs.
NAVTOR, AWT Pact Heralds in e-Nav Integration
E-navigation pioneer NAVTOR has signed an agreement with maritime weather routing specialist Applied Weather Technology (AWT) that will see the two companies integrating their services to offer the ultimate in route planning and decision making tools. As a result of the deal, AWT's market leading routing and optimisation systems will now be offered on NAVTOR's recently launched NavStation software.
ABB Wins $30mln Bangladesh Power Bid
ABB has won an order worth around $30 million from Power Grid Company of Bangladesh Limited (PGCB), the country’s leading transmission utility, to provide four new…
Hamburg Süd Christens “Cap San Antonio”
On Friday, Hamburg Süd celebrated the christening of its container ship “Cap San Antonio” at the Cruise Terminal of Le Havre, France, with customers and business partners. The sponsor is Veronika Schüller, wife of Prof Dr Stephan Schüller, Chairman of the General Partners of Bankhaus Lampe KG. The “Cap San Antonio” is one of a series of six new ships of the “Cap San” class built for Hamburg Süd at the Korean yard Hyundai Heavy Industries in Ulsan.
Interferry’s UN, EU Input on Display in Vancouver
Two major examples of Interferry’s growing influence will be highlighted next week at the global trade association’s 39th annual conference in Vancouver. CEO Len Roueche will report on his nomination to a new UN high level advisory group on sustainable transport, while executive director for European Union and IMO affairs Johan Roos will explain a breakthrough by ferry operators in obtaining EU funding…
PSC CIC on Fire Safety Systems by Riyadh MoU
ClassNK has informed that Six countries viz. During the campaign period, the fire safety plan, fire control measures, drills, crew awareness and other applicable documentation etc.
Placement of Shares in Triyards Holding
The Board of Directors of Triyards Holdings Limited refers to the Company’s announcements dated 17 September 2014 and 25 September 2014 relating to the placement of up to 29,500,000 new ordinary shares in the capital of the Company. Unless otherwise defined, all capitalised terms used herein bear the same meanings as in the Announcements. The Board is pleased to announce that the completion of the…
MHI Receives Order for Very Large LPG Carrier
Vessel to Provide World's Highest Level of Energy Efficiency, with Specifications Enabling Passage through New Panama Canal. Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to vessels ordered to MHI by Astomos Energy late last year and again this past spring. The carrier will provide the world's highest level of energy-saving performance…
GLDD, ESG in Steel Cutting Ceremony
Eastern Shipbuilding is pleased to announce that on, Monday, September 15, 2014, Great Lakes Dredge & Dock Company, LLC “(Great Lakes”) (NASDAQ: GLDD) and Eastern Shipbuilding Group, Inc. (ESG) cut steel starting the construction of a new Trailing Suction Hopper Dredge ATB . The cutting ceremony of the 433’ Trailing Suction Hopper Dredge Barge took place in Eastern’s under roof pre-fabrication building at its Allanton facility in Panama City, Florida.
YoungShip Young Corporation Award 2014
For its efforts to promote young employee development, marine insurer GARD has been awarded the 2014 YoungShip Young Corporation Award. The shipping industry is acknowledged as one of Norway’s key strategic industries. If shipping is to stay ahead in global competition, and solve tomorrow’s challenges, we are fully dependant on attracting the brightest brains and the hardest-working employees, in order to compete with other core industries for critical competence.
Ulstein Wins Design, Equipment SRI Contract
Ulstein has been awarded the design and equipment contract for Van Oord’s new subsea rock installation (SRI) vessel ‘Bravenes’. Working in close cooperation with Van Oord, this is the first fully integrated design where Ulstein is responsible for the development and integration of both the mission equipment and vessel design. The vessel will be constructed at Sinopacific Shipbuilding Group in China and be delivered in 2016.
Platts to Adopt Month-Ahead Brent Assessments
Oil pricing agency Platts plans to lengthen the loading period of North Sea crude cargoes it uses in its dated Brent oil benchmark to a full month starting next February.
Optimarin Cements Offshore BWT Market Share
Ballast water treatment (BWT) specialist Optimarin says over 50% of its system orders now placed for PSVs, AHTS and associated, advanced service vessels. According to CEO Tore Andersen, the last six months alone have seen 16 new agreements signed, pushing the number of offshore system orders beyond the 160-unit mark. Norway’s Golden Energy Offshore is the latest firm to opt for Optimarin’s market proven system…
Waterjets Manufacturing Comes Stateside
Thrustmaster’s deal with DOEN brings waterjet manufacturing to the United States. Marine propulsion and thruster manufacturer Thrustmaster of Texas, Inc. announced a deal earlier this year to acquire the technology of DOEN, an Australian designer and manufacturer of waterjet propulsion systems. The deal is significant in that it makes Thrustmaster the only producer of commercial waterjets in the United States…
U.S. Maritime Security: The Portunus Concept
The mission of the Lawrence Livermore National Laboratory (LLNL) is to strengthen United States’ security through development and application of world-class science and technology. LLNL seeks to enhance the nation’s defense; reduce the global threat from terrorism and weapons of mass destruction; and respond with vision, quality, integrity and technical excellence to scientific issues of national importance.
BMT SMART at Ship Efficiency 2014
Pioneer of fleet and vessel performance management systems, BMT SMART Ltd (BMT), a subsidiary of BMT Group Ltd will showcase its performance monitoring portfolio at Ship Efficiency, Queen Elizabeth II Conference Centre, London. The SMART suite of solutions works by continuously collecting vessel performance data and presenting key information to the crew via the ship’s computer displays. Key Performance…
VADM Hilarides Commander, Naval Sea Systems Command
Vice Adm. William Hilarides, the commander of the Naval Sea Systems Command (NAVSEA), recently spoke to a small group of reporters about his vision for NAVSEA and the challenges and opportunities he faces. A decline in the number of skilled Sailors able to conduct repairs onboard their ships; an aging civilian workforce; balancing capability with affordability and achieving commonality are priority issues for Hilarides and his staff.
K-Line to Plead Guilty to Price Fixing
Kawasaki Kisen Kaisha Ltd. (K-Line), a Japanese corporation, has agreed to plead guilty and to pay a $67.7 million criminal fine for its involvement in a conspiracy to fix prices, allocate customers, and rig bids of international ocean shipping services for roll-on, roll-off cargo, such as cars and trucks, to and from the United States and elsewhere, the Department of Justice announced today. According to a one-count felony charge filed today in U.S.
The New Pipeline
Competition in the maritime communications sector is fierce, and ship owners are the winners as service from land-to-sea is becoming faster and cheaper. MR spoke with KVH’s Jim Dodez in Athens at Posidonia for his insights on the present and future of connectivity at sea. More than ever ships at sea demand “land-like” connectivity to the internet. Whether the purpose is maritime business or a content crew…