Ballast Nedam's heavy lift vessel Svanen left the port of Rotterdam last weekend. The Svanen has been commissioned by Van Oord Dredging and Marine Contractors to drive 56 steel piles for the foundations of the Belwind offshore wind farm off the coast of Zeebrugge (Belgium). This is the first phase of the Belwind project,
Crowley welcomed the newest 400-ft by 105-ft, heavy-lift deck barge to its fleet August 29 at a christening celebration at the Gunderson Marine shipyard in Portland, Ore. Micki Harrison, Crowley's regional human resources manager, did the honors, smashing a bottle of champagne on the side shell of the
Port Metro Vancouver unveiled its new shore power facility at the Canada Place cruise ship terminal. The port is the first in Canada to install shore power for cruise ships, and only the third in the world to do so. The shore power installation at the home port of the Vancouver-Alaska cruise
Auramarine Ltd, manufacturer of heavy fuel oil supply systems and other auxiliary units for marine and power station engines, is now applying its wide-ranging experience in liquid flows to a new sector that benefits the environment.Auramarine is bringing out Auramarine Crystal Ballast, Ballast Water Treatment System (BWTS).
Analysis of 19 target countries and 26 key onshore and offshore market sectors, ranging from land drilling equipment to offshore operations, has revealed that overall expenditure levels are expected to total $2t over the 2009-2013 period. These are amongst the key findings of a new report commissioned
Dubai-based shipowner, Gulf Energy Maritime (GEM), operators of oil and chemical tankers, have completed the implementation of ShipNet’s Safety Management System, a sub section of ShipNet’s Marine ERP. GEM’s decision was based on their need to implement a Safety Management
Transocean Ltd. (NYSE:RIG) announced that a subsidiary of Noble Energy, Inc. (NYSE:NBL) has awarded a 455-day contract for the ultra-deepwater semisubmersible rig Sedco Express. Estimated contracted revenues related to the 455-day contract term are approximately $241m. Estimated contract revenues represent
Marine-Finance.Com announced that Joe Pitch has signed on as Managing Director for Marine-Finance.Com LLC. Pitch joins former CitiCapital Commercial Marine Finance colleague Robert Girard, SVP, who, along with CEO Richard Paine, constituted the core of the CitiBank- affiliated marine group. <br
The Minerals Management Service (MMS) has approved a grant for $450,000 to the Mississippi Department of Marine Resources through the Coastal Impact Assistance Program (CIAP), to fund phases one and two of a project to document and conserve the heritage resources of the Mississippi gulf coast.<br
GE Marine, a unit of GE Transportation, signed a business cooperation agreement with the Marine division of Ingeteam, a company headquartered in Spain that specializes in electronic control system automation and application engineering in the marine, industry, railway traction and renewable energy fields.
With Hurricane Bill expected to pass along the Atlantic coast this weekend, the Coast Guard is stressing the importance of safety for boaters and swimmers during the hurricane season.Hurricanes can create dangers in the water, such as rip currents and large waves. The following
The U.S. Arctic Research Commission believes that the U.S. needs a robust research program to address spill response in broken ice, as shipping moves into the Arctic Ocean and offshore oil drilling - in several Arctic nations - moves forward.Mead Treadwell, chair of the U.S. Arctic Research Commission,
A sale of federal oil and natural gas leases for the Western Gulf of Mexico attracted $115,466,321 million in high bids, Secretary of the Interior Ken Salazar announced. To date this year, the department has offered 55 million acres of U.S. public land – onshore and offshore – for oil and gas development,
The bids are in for Western Gulf of Mexico Federal Oil and Gas Lease Sale 210 to be held August 19. The U.S. Department of the Interior's Minerals Management Service (MMS) Gulf of Mexico Region announced that 189 bids were received from 26 companies on 162 tracts offered offshore Texas.“This
Dockwise Ltd. announced its second quarter and interim 2009 results. André Goedée, CEO of Dockwise Ltd., commented: "Dockwise has had a good second quarter, and in quieter market conditions the business is displaying its strengths. This steady operational
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) (NASDAQ: SHIPW) announced that it has closed on its previously announced agreement to purchase a 50% ownership interest in Bulk Energy Transport (Holdings) Limited (BET) from Constellation Bulk Energy Holdings, Inc. BET's other equity owner is Mineral Transport Holdings, Inc.
Traditional navigational routes for ferries and other passenger vessels must be recognized and protected. That was the Passenger Vessel Association’s message delivered this summer to President Obama’s Interagency Task Force on Ocean Policy. PVA told the Interagency Task Force,
Several White House and federal agency officials participating in the new Ocean Policy Task Force will be traveling throughout Alaska and the Arctic from Aug. 17 to 21, to observe ongoing activities in the region and meet with local and indigenous community leaders and industry representatives.During their travel,
On June 1, 2009, the Society of Naval Architects and Marine Engineers announced new additions to its rank of Fellows. The membership grade of Fellow is accorded to individuals who have contributed to significant achievements in naval architecture, marine and ocean engineering, and related fields in the form of advances in design,
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced that it intends to offer, subject to market and other conditions, approximately $200m aggregate principal amount of senior notes due 2017 through an offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Composite Technology Corporation (CTC) (OTCBB: CPTC) announced that it has reached agreement to sell substantially all of the operating assets and operating liabilities of DeWind Inc., including its subsidiaries and certain assets of DeWind Ltd. to Daewoo Shipbuilding & Marine Engineering Co., Ltd.
The U.S. Coast Guard Commandant, in coordination with White House and federal agency officials, will be traveling throughout the Arctic region, Aug. 17-21, to participate in the new Ocean Policy Task Force, observe ongoing activities and meet with local and indigenous community leaders and industry representatives.
Despite the global recession, offshore spend is expected to grow strongly – from $578b Capex and $379b Opex over the last five years to $807b Capex and $549b Opex over the period to 2013. Exploration for fresh oil & gas supplies and development of existing and newly found accumulations from
The last year has not been kind to the global transportation business. Demand has skidded with the global economy. Yet one year after launch, Crane Worldwide is a growing new player in the industry.The Houston-based company, which provides a variety of shipping and logistical services, is
On July 28 2009, the T&T Shipbuilding and Repair (S&R) Cluster undertook two presentations to some 50 mentees which formed part of their contribution to this annual Maritime Programme. Organized by the Government of Trinidad and Tobago (GoTT) as an initiative to promote the Shipbuilding and
Noble Denton appointed Ian Bonnon as Group Managing Director, Renewables. Bonnon, will develop the renewables business globally and will report directly to group managing director, John Wishart. This strategically important role reflects Noble Denton’s intention to secure significant
Northern Offshore, Ltd. (Oslo Bors: NOF.OL) announced that its subsidiary, Northern Offshore U.K. Ltd., has completed its 120 day drilling contract offshore Greece utilizing the jackup rig Energy Exerter. The company said that the rig was under tow to a location offshore Malta where it would be cold
In recent years the floating liquefied natural gas (FLNG) business has rapidly grown and is now at the forefront of offshore industry focus. The second edition of this major report, by energy analysts Douglas-Westwood, brings together in one document a clear review of the current and future prospects,
On Monday, 03 August 2009, the first containers that were brought from Berlin to the Port of Hamburg via the new Elbe-Spree inland waterway were unloaded. The line operated by the Berlin Hafen- und Lagerhaus AG in cooperation with Konrad Zippel Spediteur GmbH from Hamburg will now be used for transports
Tsakos Energy Navigation Limited (NYSE: TNP) reported results (unaudited) for the second quarter and first half of 2009.Revenues, net of voyage expenses and commissions, were $88.60 million in the second quarter of 2009 compared to $146.64 million in the comparable 2008 period reflecting the lower freight rate environment.
According to an August 3 report from Bloomberg News, Anadarko Petroleum Corp., the second-largest producer of natural gas in the U.S., reported a quarterly loss of $226m after energy prices plunged. The second-quarter net loss was 48 cents a share, compared with net income of $23m, or 5 cents, a year earlier.(Source: Bloomberg News)
Golar LNG Limited announced a major restructuring combined with an intent to conduct an equity offering in its newly formed subsidiary, Golar LNG Energy Limited.Consistent with the announcement made in Golar's first quarter report, Golar has incorporated Energy in Bermuda for the purpose
The U.S. Customs and Border Protection (CBP) has issued a proposal, open for public comment through mid-August, that will take important steps to help enforce the Jones Act more effectively and protect American maritime jobs, according to the Offshore Marine Service Association (OMSA). Under the Jones Act,
Tsakos Energy Navigation Limited (NYSE:TNP) announced the delivery of the double-hull DNA designed 105,000dwt Aframax tanker Ise Princess from Sumitomo Heavy Industries in Japan. The vessel is the fifth delivery in an eight vessel series. The company expects to take delivery of the remaining three vessels by May 2010.
Sempra LNG, a subsidiary of Sempra Energy (NYSE: SRE), announced that its Cameron LNG liquefied natural gas (LNG) receipt terminal near Lake Charles, La., has successfully completed performance testing and has begun commercial operations. Over the past month, start-up and commissioning activities have been completed,
According to a report from Reuters, National Energy Company (Taqa) said on July 29 that it was expanding its North Sea assets by buying the energy unit of Dutch chemicals group DSM NV for $407m.(Source: Reuters)
U.S. Department of the Interior Secretary Ken Salazar issued the following statement regarding the U.S. Court of Appeals for the District of Columbia Circuit ruling on DOI’s request for clarification of the Court’s earlier decision to vacate the 2007-2012 Outer Continental Shelf oil and
Sener Ingeniería y Sistemas, S.A. has opened a new office in Abu Dhabi, in the United Arab Emirates. This new office is located in the Gulf Business Centre district of downtown Abu Dhabi and will be Sener’s local headquarters to develop projects in the power and process sector, the civil engineering and architecture sector,
Secretary LaHood for the Department of Transportation addressed the Marine Transportation System National Advisory Council on July 23, 2009. Consistent with America’s Marine Highway Program’s mandates to reduce congestion, conserve energy, and improve the environment, the Secretary charged
Northrop Grumman Corporation (NYSE: NOC) reported that second quarter 2009 earnings from continuing operations totaled $394 million, or $1.21 per diluted share, compared with $483 million, or $1.40 per diluted share, in the second quarter of 2008. Second quarter 2009 net pension adjustment (FAS/CAS)