New Danish coin issued – with a maritime motif

The Danish National Bank has issued a new coin with a maritime motif, a prototype of the world’s largest container carrier Emma Mærsk which was delivered from Odense Steel Shipyard in 2006. The ship now has an official capacity of 15,550 TEUs. [Read More] Source:...

Posted on 3/21/2011 / 0 comments / Read More

ABS and HHI evaluate LNG carrier designs and containment systems for Arctic operations

Class society ABS has been collaborating with Korea’s Hyundai Heavy Industries (HHI) to evaluate the basic design and containment system parameters for an LNG carrier operating in an Arctic environment.  Specifically the carrier would operate a trade route...

Posted on 3/21/2011 / 0 comments / Read More

KOGAS Develops Largest LNG Tank

South Korea’s state-run Korea Gas Corp. (KOGAS) said Monday that it has developed a design technology for the world’s largest liquefied natural gas (LNG) tank. [Read more] Source: LNG World N...

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Beluga crisis has many faces

An Internet trawl of the German mainstream media shows just how many facets there are to the crisis current overshadowing the Beluga Group. [Read More] Source: Heavy L...

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InterManager: Put ship-based decision making back in the hands of the crew

Decision-making needs to go back to the hands of crew and away from shore-based managers, said InterManager President Alastair Evitt. “I regret to say it - but in many cases shipboard management teams have to be retrained to think for themselves, to understand the commercial issues and to have an awareness...

Posted on 3/21/2011 / 0 comments / Read More

NYK to ship aid to Sendai quake victims via vessel platform

JAPAN's shipping group NYK is to provide an offshore platform in its vessel Yamatai to ship relief supplies to victims of the Sendai earthquake and tsunami. [Read More] Source: Sea N...

Posted on 3/21/2011 / 0 comments / Read More

Tianjin port launches 300,000-tonne navigation channel project

TIANJIN port will invest CNY13.5 billion (US$2.1 billion) on infrastructure projects and start building the 300,000-tonne capacity navigation channel this year, Xinhua reports. [Read More] Source: Sea N...

Posted on 3/21/2011 / 0 comments / Read More

Sailors received in tears

Torrents of tears and smiles, joy and relief engulfed Shah Amanat International Airport as the 26 crew of hijacked ship MV Jahan Moni landed yesterday afternoon. [Read More] Source: Sea N...

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SFL - Acquisition of Two 13,800 Teu Container Vessels and Long-Term Charters

Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the "Company"),today announced that it has entered into an agreement to acquire two 2010-built 13,800 TEU container vessels Magellan and Corte Real from CMA CGM SA ("CMA CGM" or "the Charterer")...

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Baltic index flat, supply disruptions take toll

The Baltic Exchange's main sea freight index .BADI, which tracks rates to ship dry commodities, was flat on Monday as the market struggled due to slow cargo demand. [Read More] Source: Reut...

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Aramco gas deal with Samsung worth $2.8 bln-sources

Deals won last week by Samsung Engineering to build Saudi Aramco's natural gas liquids (NGL) project in Shaybah oilfield are worth $2.76 billion, industry sources said on Monday. [Read more] Source: Reut...

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Libya Conflict to Bolster Tankers as U.S. Turns to Persian Gulf

The uprising against Libyan ruler Muammar Qaddafi may boost supertanker earnings above 2010 levels as U.S. oil refineries are forced to increase imports from the Middle East, Arctic Securities ASA said. [Read More] Source: Bloomb...

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Vroon Offshore Services Takes Delivery of New AHTS Vessel

Vroon Offshore Services (VOS) announces that it has taken delivery of a new addition to their offshore fleet. The VOS Aphrodite, an anchor handling tug supply (AHTS) vessel built at the Fujian Shipyard in China, was delivered today, 21 March 2011, in China. [Read...

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MTNW Completes Offshore Oil & Gas Anchor Winch Monitoring Project in Nigeria for Adamac

Measurement Technology Northwest (MTNW) announces major award from Adamac, a leading Nigerian Oil & Gas Services Company based in Port Harcourt. The project called for 9 running line tensiometers, displays, and software to monitor the anchor winch lines for...

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MPI Offshore Takes Delivery of Wind Turbine Installation Vessel

MPI Offshore Limited (MPI) announce delivery today, 21 March 2011, in Qidong, People’s Republic of China, of the MPI Adventure, the first of two state-of-the art wind turbine installation vessels to be built at the Cosco Qidong Shipyard. The second vessel, MPI...

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Viking River Cruises Announces Build of Four New River Vessels

Viking River Cruises, the world’s leading river cruise line, today announced the next phase of its $250 million fleet development program as it unveils details of four, state-of-the-art vessels set to launch at the start of its 2012 sailing season. This is the...

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SCI to acquire anchor handling towing & supply vessels

These vessels were earlier contracted by a Norwegian Ship-owner. However, the contracts were terminated by the owners in January, 2011. [Read More] Source: I...

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OSX the next big offshore builder?

A Brazilian company controlled by the country's richest man could displace Singapore's Keppel Group and Sembcorp Marine as the world's largest builders of offshore oil rigs in the next few years. OSX, a member of Eike Batista's EBX group, said on Monday it plans to build 48 production units worth some...

Posted on 3/21/2011 / 0 comments / Read More

Seadrill orders jackup for Norway projects

Seadrill has commissioned a new jackup drilling rig from Jurong shipyard in Singapore, for use in development drilling in the Norwegian North Sea. Construction should be completed by the end of 3Q 2013. The total project price of $530 million includes project...

Posted on 3/21/2011 / 0 comments / Read More

ExxonMobil Highlights Integrated Natural Gas Leadership At The 2011 Gastech Conference And Exhibition

ExxonMobil will demonstrate its leadership across the natural gas value chain at the 2011 Gastech Conference and Exhibition, March 21 – 24 at the RAI Exhibition Center in Amsterdam. Celebrating its 25th conference, Gastech brings together leaders in the world's professional gas community to address...

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ABS and DSME Offer New Sloshing Analysis Methodology for FLNG

Class society ABS and Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) are concluding a one-year joint development program (JDP) examining critical wave conditions for sloshing model tests and computational fluid dynamics (CFD) in the cargo tanks of...

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STX Finland awards Wärtsilä LNG-fuelled ferry contract

Marine engine manufacturer Wärtsilä has been awarded a contract by shipbuilding company STX Finland Oy to supply additional equipment for a large LNG-fuelled passenger ferry. [Read More] Source: The Engin...

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Tidewater awards Fincantieri Wisconsin yard order for two PSV’s

Fincantieri has been awarded a contract to build two PSV’s for Tidewater at its Sturgeon Bay shipyard in Wisconsin.  The first is scheduled for delivery before the end of 2012 and the second within mid 2013. [Read more] Source: GCapt...

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EnCore reports oil, gas hit at Burgman in North Sea

EnCore Oil plc announces that the Burgman well 28/9-4 located on UKCS Central North Sea Block 28/9 has reached Total Depth of 5,990 feet Measured Depth and has successfully encountered good quality hydrocarbons in a Tay sandstone interval. Based on the results...

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Tidewater orders PSV's at Bay Shipbuilding

Fincantieri Marine Group's Bay Shipbuilding Company, Sturgeon Bay, Wis., is to build two 92.4 m x 19 m Platform Supply Vessels (PSVs) for Tidewater Marine LLC, a subsidiary of Tidewater Inc., New Orleans. [Read More] Source: Marine ...

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Dominion Petroleum Gets Licence to Drill Offshore Kenya

Dominion Petroleum  announces the award of Block L9 of the Lamu Basin, offshore Kenya. The company last week concluded negotiations with the Government of the Republic of Kenya by executing heads of agreement (“HoA”) which define the terms for Block L9.[Read...

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Rockhopper discovers significant oil column in Falkland Islands

Rockhopper Exploration has discovered a significant oil column in an appraisal well in the North Falkland Islands Basin in the South Atlantic Ocean. According to the UK-based company, Well 14/10-4 uncovered 108 feet (33 meters) of net pay in good quality reservoir...

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TGS Expands Multi-Client 3D Seismic Library Offshore Indonesia

TGS announces a second multi-client 3D seismic survey in the Tarakan Basin, offshore Northern Indonesia. The survey, TBB11, will add over 1,820 km2 of new 3D data to the previous survey announced in December 2010. The TBB11 survey will increase coverage in this...

Posted on 3/21/2011 / 0 comments / Read More

Nido Petroleum starts drilling for oil anew in May

AUSTRALIA’S NIDO Petroleum Ltd. will begin drilling for oil in northwest Palawan in May to find another source of the commodity after reserves at a nearby well dwindled, it said in a statement yesterday. [Read more] Source: Business World Onl...

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Octanex Provides Update on Gawin Prospect Drilling, Offshore Australia

Octanex N.L.  has been advised by Eni Australia Limited, the Operator of the Gawain-1 well located in the outer Exmouth Plateau permit, WA-362-P, that at 06:00 hours WST (Western Standard Time) on Monday. 21 March 2011, the well was at a depth of 3.653m MDRT...

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US approves Shell’s deepwater Exploration Plan in Gulf of Mexico

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich today announced that the bureau has approved an Exploration Plan, submitted by Shell Offshore Inc., following the completion...

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Fugro-Geoteam to Secure Communications

Marlink, Norway, has recently extended its contract with seismic vessel operator Fugro-Geoteam, Norway, for five years. As part of the latest agreement, Marlink will supply its innovative Sealink VSAT service to the seismic vessels via Marlink's Eik teleport in...

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Italy tug apparently seized by Libya military

Libyan military officials on Sunday boarded an Italian tugboat docked at Tripoli's port and threatened to suspend its communications in an apparent seizure, ship owner said, as U.S. and European airstrikes enforced a no-fly zone over Libya. [Read more] Source:...

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Weststar takes delivery of 3 Augusta copters

Weststar Aviation Services Sdn Bhd, offshore transport specialist, has taken delivery of the last three of the nine Augusta Weststar (AW139) helicopters it ordered which will be used to perform offshore transport missions supporting offshore oil and gas operations...

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Sri Lanka Dockyard delivers support vessel

Sri Lanka's Colombo Dockyard said it has delivered the fourth in a series of oil industry offshore support vessels for Greatship (India), a subsidiary of The Great Eastern Shipping Company of India. [Read More] Source: Lanka Business Onl...

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Ship breakers tentative over HC order

The country's ship breakers are still scared of importing old vessels despite an interim High Court (HC) order issued in favour of them, causing serious shortage of raw materials needed for a number of industries. [Read More] Source: Finalcial Expr...

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Attractive prices lure ship owners towards scrap yards

The dreadful state of the dry bulk market during the first couple of months of 2011, coupled with attractive prices have finally persuaded many ship owners, especially from the dry bulk segment of the market, to scrap their older vessels, in what could be a life-saving opportunity for many shipping...

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Tokyo and Yokohama ports unaffected by radiation

Japanese authorities have downplayed concerns over radiation emission around Tokyo and Yokohama ports from the damaged Fukushima nuclear power plant. The Japanese ministry of land, infrastructure, transport and tourism (MLIT) has on Monday issued an update on...

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Turkish firm heads to Korea for bulkers

Korean yards have secured rare bulker orders.  
Turkish shipowner Manta Denizcilik has booked three bulker newbuildings at two shipyards. The Turkish owner has inked two 35,200 dwt handysize vessels at Samho Shipbuilding and one 82,000 dwt bulker at Sungdong Shipbuilding & Marine Engineering. Source:...

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OOCL Set To Buy New Container Ships

Orient Overseas Container Line (OOCL), a wholly-owned subsidiary of Orient Overseas (International) Limited (OOIL) which recorded profits after tax of $870 million earlier this month, is set to order up to ten new vessels from Korean shipbuilding giant Samsung...

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Hyundai HI Wins USD 711.2 mln Worth Deal to Build Six Containerships

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, today won a KRW 800 billion (USD 711.2 mln) deal to build six 9,600 TEU containerships for shipping line Hamburg Süd. [Read More] Source: Shipbuilding Trib...

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Hyundai Heavy to ship packaged power stations to Japan

Hyundai Heavy Industries Co. will provide four packaged power stations for areas affected by the earthquake and the tsunami in Japan, the Ministry of Foreign Affairs and Trade announced Sunday. [Read More] Source: Koreaher...

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Bharati Shipyard to focus on off-shore and defence segments

Bharati Shipyard reckons an order of over Rs. 20bn as it has reportedly planned to mainly target the off-shore and defence segments. [Read More] Source: I...

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Japan’s Nuclear Crisis May Be ‘Landmark’ for LNG Tanker Orders, Mirae Says

Renewed concerns about atomic power triggered by an earthquake and nuclear crisis in Japan may spur orders for $202 million liquefied-natural gas tankers already in short supply, according to Mirae Asset Securities Co. [Read More] Source: Bloomb...

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Louis Dreyfus seeks to cancel ST Marine Ropax contract

ST Marine, the shipbuilding unit of Singapore's ST Engineering, reports that it has  received a notice of termination dated March 17, 2011 from French shipowner Louis Dreyfus Armateurs (LDA) in respect of the shipbuilding contract for a Roll-on/Roll-off Passenger...

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Report finds Vietnam PM, cabinet members at fault

A senior official says that Vietnam's prime minister and several cabinet members made mistakes in managing a shipbuilding company that almost went bankrupt. [Read More] Source: For...

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