Double E Company News

Hempel A/S has launched its new sustainability framework dubbed Futureproof, an initiative that lies at the heart of the companies strategy to double its revenue by 2025 while dramatically cutting its carbon footprint and that of its clients across industrial sectors.“We believe that placing sustainability at the heart of how we do business is essential for our ambition to double the company. Our customers expect more sustainable solutions and today's and tomorrow's employees want to work for companies that have a clear and progressive position on sustainability.

Global Maritime Deep Sea Mooring, a provider of offshore mooring services in Norway, has signed a contract with Norwegian operator Det norske oljeselskap to support Prosafe’s semi-submersible Safe Zephyrus accommodation rig in the Ivar Aasen North Sea field. The contract also includes support to the Maersk Interceptor ultra-harsh environment jack-up rig. Deep Sea Mooring, which has already installed the pre-lay system, will supply mooring and pre-lay equipment; offshore personnel…

Imtra, a manufacturer and importer of marine products, announced today the hire of Jeff Vancura to be the company’s next Chief Financial Officer (CFO). A finance veteran with 20 years of executive experience, Mr. Vancura has held similar roles for Double E Company, TPI Composites and Mettler-Toledo Thornton. In addition to his financial duties, Mr. Vancura is also a member of Imtra’s strategic planning team. Mr. Vancura was selected following an extensive search after Ned Rogerson, Imtra's CFO for more than 23 years, announced he would retire.

Aker Solutions today laid the foundation stone of a new plant in Paraná that will double the company's subsea production capacity in Brazil. The plant in the city of São José dos Pinhais in the Paraná state in Brazil will be operational in 2015. It will replace Aker Solutions' current subsea manufacturing facility in Curitiba and double production capacity in the country. Aker Solutions' Executive Chairman Øyvind Eriksen and Luis Araujo, president and country manager of the company's Brazilian operations, took part in a ceremony laying the foundation stone at the new site.

Aker Solutions has laid the foundation stone of a new plant in Paraná that will double the company's subsea production capacity in Brazil. The plant in the city of São José dos Pinhais in the Paraná state in Brazil will be operational in 2015. It will replace Aker Solutions' current subsea manufacturing facility in Curitiba and double production capacity in the country. Aker Solutions' Executive Chairman Øyvind Eriksen and Luis Araujo, president and country manager of the company's Brazilian operations, today took part in a ceremony laying the foundation stone at the new site.

Aker Solutions acquires Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions' presence in northern Norway and grow the company's engineering capacity for offshore projects. Over the past 20 years, Sandnessjøen Engineering has established a strong and experienced team, which supplies engineering and project management services to the oil and gas and construction industries in the area. The company is located in the Petro Næringshage in Sandnessjøen, Norway, a central key location for services to several oil and gas fields in the Norwegian Sea.

Rigdon Marine Corporation announced the completion of a series of financial transactions which will strategically position the company for future growth. Rigdon Marine Corporation recently signed a $170 million Credit Facility with a group of European banks led by DVB Bank and secured $30 million in equity investment. The newly restructured Rigdon Marine Corporation has replaced its original financial capitalization for the recently completed GPA 640 series of 10 technically advanced platform support vessels and has obtained additional financing for a new series of 10 vessels, which it has on a firm contract with a major Louisiana shipbuilder.

General Maritime Corporation will sell six double-sided Aframax tankers en bloc to Seatankers Management Co. Ltd., Cyprus for $127.5 million. The Company also announced that it has agreed to sell the Genmar Commander, a 1989-built single-hull Aframax vessel, to Polembros of Greece for $18.5 million. The Company expects to realize a net gain of $22.5 million from the sales. The Company intends to utilize the proceeds to pay down debt and for corporate purposes which may include share repurchases; therefore the proceeds will be excluded in the calculation of the dividend for the applicable quarters. Deliveries of the six double-sided vessels are expected to take place from November 2005 thru January 2006. Delivery of the Genmar Commander is expected to take place late November 2005. Peter C.