CSS Olympia Delivered
STX Marine (STXM) announced that Gran Energia took delivery of the Compact Semi-Submersible (CSS) Olympia from MAC Offshore. STXM and partners in CSS Designs Ltd. developed the CSS design over the past five years, and said this delivery, will change the long term landscape of the Offshore Vessel market. Built by Fujian Mawei Shipbuilding in Fujian Province, China, the CSS Olympia has a length of 84.25m. with an overall capacity of 500 people.
RoadOne IntermodaLogistics Marks First Anniversary
RoadOne IntermodaLogistics has announced that the company is celebrating its first anniversary. RoadOne was launched one year ago to deliver integrated, single source transportation and logistics solutions to meet today’s economic and market challenges. Within this year, RoadOne has expanded its national intermodal network with a new agent-based model under the U.S. IntermodaLogistics name and strengthened…
NAT Reports Total Dividend is Up
Nordic American Tankers Limited (NAT) today announced that the 66th dividend of NAT is expected to be $0.25 per share compared with $0.16 per share for 3Q2013. This…
Euroseas to Sell $29 Million in Shares
Euroseas Ltd. has announced that it entered into an agreement to sell 25,000 shares of its Series B Convertible Perpetual Preferred Shares to a fund managed by Tennenbaum Capital Partners, LLC (TCP) and 5,700 shares to Preferred Friends Investment Company Inc, an affiliate of the company, for expected net proceeds of approximately $29 million. The company intends to use the proceeds for the acquisition of vessels and general corporate purposes.
Laborde Celebrates 16 Years of Business
Laborde Products of Covington, Louisiana, observes sixteen years in business in 2014. During this time, the company has expanded both its product line and staff, as well as its reach throughout much of the Gulf Coast area. Growth has brought changes to Laborde's staff. Stepping down as president, Tracey Laborde remains company CEO. Brian Laborde now fills the role of president, with Doug Oehrlein as VP of sales and marketing.
Kelvin Hughes to Supply Sharpeye Radar Systems
Kelvin Hughes announced that it has been contracted by VisSim, a VTMS system provider and integrator, to supply a total of 11 SharpEye radar sets for the protection of offshore facilities in Azerbaijan. As part of VisSim’s Marine Asset Protection and Surveillance System, Kelvin Hughes will be providing 10 SBS-800-1 (3.7m antenna) systems for offshore production platforms in the Caspian Sea, typically two radars per platform, and one SBS-800-2 (5.5m antenna) that will be installed onshore.
Diana Shipping, Clearlake Extend Charter
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has agreed to extend the present time charter contract with Clearlake Shipping Pte. Ltd., Singapore, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate will remain $15,500 (USD) per day, minus a 4.75% commission paid to third parties, for a period of up to minimum February 15, 2015 to maximum May 10, 2015.
Sembmarine SLP Invests for Future
Offshore engineering, construction and support services specialist Sembmarine SLP said it is investing for the future with the establishment of additional facilities in Lowestoft and Aberdeen.
OEG Offshore Expands Rental Fleet
Global offshore equipment firm OEG Offshore said it is investing record funds to expand its rental fleet. The Aberdeen-based company, which provides specialist offshore cargo carrying units (CCUs) and other equipment to the oil and gas industry around the world, has set its 2014 spending budget at $22 million (£13.4m), its highest yet. The majority of the investment will support international customer demand for OEG Offshore’s comprehensive range of products…
Veripos Positioning for MEO Fleet
Singapore-based Miclyn Express Offshore (MEO), a provider of offshore support vessels across Southeast Asia, Australia and the Middle East, has awarded Veripos a…
Green Shore Power Connection for 11 Hanjin Ships
L-3 SAM Electronics announced today that 11 Hanjin Shipping container vessels calling at the U.S. West Coast ports of Long Beach and Oakland, Calif., are to be fitted with its SAMCon high-voltage onshore power connection facilities. SANIL Electric Co., Ltd. is the prime contractor to L-3 SAM Electronics, and the end user is Hanjin Shipping. SAMCon will enable the vessels to meet California’s upcoming strict clean air regulations…
Total Charters Concordia P-MAX Tanker
Concordia Maritime has inked yet another deal with Total, the French energy and oil company. The agreement covers the P-MAX Stena Paris, which will sail on one of Total’s special routes from Southeast Asia to Polynesia. The Stena Paris had previously been chartered to Total between 2005 and 2012. The new charter is for one year with an option on a 12-month extension. As part of the agreement, the P-MAX Stena Progress…
Rolls-Royce Develops OSV for Island Offshore
Rolls-Royce has won an order to provide integrated design and ship equipment for a highly innovative offshore vessel for Norwegian ship owner Island Offshore. The new striking UT 777 design has been developed in close cooperation with Island Offshore, to be used in offshore drilling operations during harsh weather conditions. The vessel (MOU) will be built in Japan by Kawasaki Heavy Industries and is scheduled for delivery in 2017. The contract is worth around £25 million to Rolls-Royce.
Descartes' Solution Transforms Tank Terminal
Descartes Systems Group transformed its core business from the storage of grains to the storage of oils with the help of Descartes' advanced European customs connectivity and compliance capabilities. "In the European oil storage business, the communication and exchange of documents with customs authorities is mission critical, much more so than with grain storage. With excise amounts in the millions of euros and operating permits at stake…
Forum to Focus on Sand Management
Energy industry professionals will gather in Aberdeen this spring for the sixth European Sand Management Forum. The conference and exhibition, organized by the Society of Petroleum Engineers (SPE) Aberdeen Section and the Sand Management Network, will take place at the Aberdeen Exhibition and Conference Center between March 26-27, 2014. The forum will focus on the importance of sand management within the oil and gas industry…
Statoil Awarded Top Company Honors
Corporate Knights has ranked Statoil number four, and the number-one energy company, on the Global 100 list of the world’s most sustainable corporations. The announcement was made at the World Economic Forum in Davos, Switzerland last week. The Canadian media company made its list from an initial group of 4,000 publicly traded companies. These were first narrowed down to 350 companies based on financial performance, sustainability disclosure practices, and other criteria.
Missing Tanker Found; Account of Pirate Attack Disputed
M/T Kerala vanished on January 18 off Angola; Angolan Navy says hijacking faked. The Angolan Navy is claiming that the crew of an oil tanker reported missing off its coast on Jan.
Bahri Drybulk Receives New 82,000 DWT Ship
The National Shipping Company of Saudi Arabia (Bahri) subsidiary Bahri Dry Bulk (owned 60% by Bahri and 40% by Arasco) has taken delivery of the vessel 'Bahri Bulk' from shipbuilders in Japan. Bahri inform that this is the third vessel delivered from the 5 vessels that were contracted from leading Japanese shipyards in 2012. The financial impact of the delivered vessel will materialize during the first quarter of 2014G.
China Warships Patrol Far Off Southern Island
China Navy's Nanhai Fleet flotilla is patrolling the Zengmu Reef, the southernmost part [of what it considers to be] the country's territory, and those on board the 3 ships took a ceremonial oath to safeguard sovereignty, reports Xinhua. The Zengmu Reef is a key maritime traffic juncture as well as a strategic spot. The Chinese navy patrols the area, about 50 miles off the coast of Malaysia on a regular basis.
ASL Marine Buys Next-Door Indonesian Shipyard
Headquartered in Singapore, ASL own four shipyards in Singapore, Indonesia (Batam) and China (Guangdong). They inform they have conditionally agreed to purchase for US$20-million a shipyard belonging to Miclyn Express Offshore Limited (MEO), located adjacent to its own yard in Batam, Indonesia. The Batam shipyard is situated in a free trade zone with industrial areas designated specifically for shipyards with infrastructure such as roads, telecommunications, utilities and supporting services.
