The "Lady Mary" on Apr 11, 2011, was reported adrift and disabled between Turkey and Cyprus on pos. 35 49.8N 033 06.0E due to the vessel running out of fuel.
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Source: Sea N...
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Apr 12, 2011
Pirates free Thai ship for $5 million
MOGADISHU — Somali pirates on Tuesday said they received a ransom of five million dollars to release the MV Thor Nexus, a Thai cargo vessel hijacked on December 25 last year.
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NOL announces clean-air milestone in Singapore
Shipping line is first to use low-sulphur fuel at port; expects 90% emissions reductionSINGAPORE: 12 APRILl, 2011 – NOL Group today announced a maritime milestone: its vessels will become the first to use cleaner-burning, low-sulphur gas oil in Singapore.The...
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GOLAR LNG LIMITED - New Building LNG Carriers
Golar LNG Limited ("Golar" or the "Company") is pleased to announce that it has entered into a firm contract to build four 160,000 m3 LNG carrriers with the Korean shipbuilder Samsung Heavy Industries Co Ltd ("Samsung"). The newbuilding contracts were originally...
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Oversupply to remain even as Asia shipping demand grows
The global shipping industry is looking to Asia for future growths but oversupply continue to be a top challenge for container vessel and oil tanker operators, industry players said Tuesday.
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Source: Xin...
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Safe Bulkers, Inc. Announces Pricing of Its Public Offering of Common Stock
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced yesterday that its public offering of 5,000,000 shares of common stock(the "Public Offering") was priced at $8.40 per share. The gross proceeds from the Public Offering...
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Global container market to rebound in second half this year
The global container market is set to rebound in the third quarter after a sharp downturn driven by overcapacity and limited demand, senior industry executives said on Tuesday.
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Source: Reut...
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Fuel-Tanker Bookings to Japan Rise 59% After Quake, Tsunami Destroy Plants
Bookings of tankers to ship fuels to Japan rose 59 percent in the three weeks after the nation’s devastating earthquake and tsunami damaged refineries and power- generation plants.
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Source: Bloomb...
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Mideast crude tanker rates fall, bunker costs bite
Crude oil tanker earnings on the key Middle East route fell on Monday as growing vessel availability and slower cargo fixing weighed on rates.
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Source: Reut...
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Newbuilding orders continue decline as second hand vessel deals increase
A positive pattern has started to unfold in the shipping industry, as new building orders appear to be on a steadily declining road after more than one year of investment frenzy. Should this trend keep growing, it could help alleviate the oversupply concerns
for...
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Statoil receives approval to use Island Wellserver on TOGI
12.04.2011 | Statoil has received consent to use the Island Wellserver mobile facility for well intervention activities on Troll Oseberg Gass Injection (TOGI).Island WellserverIn addition to the fields included in previous consents a need has arisen to carry...
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Wood Group Kenny to lead US$1m technology initiatives
Wood Group Kenny announces the launch of two new joint industry technology initiatives, SURF IM and SLARP, valued at US$1m, which are considered critical for the future operation of subsea systems, particularly for deepwater and long-tieback locations. Wood Group...
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Eni announces successful appraisal and testing of Sankofa, offshore Ghana
San Donato Milanese, 12 April 2011 - Eni announces the successful appraisal and testing of the Sankofa discovery in the Offshore Cape Three Points (OCTP) licence, offshore Ghana.The Sankofa-2 well was drilled in 864 meters water depth at a distance of about...
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Sinopec to Join Petrobras at Offshore Blocks, Gabrielli Says
China Petroleum & Chemical Corp. (386) will team up with Petroleo Brasileiro SA (PETR4) to develop offshore areas of the Para-Maranhao basin in northern Brazil after negotiating for a year, Brazil’s state-run producer said.
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Source: Reut...
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EnCore Oil - Successful Cladhan Appraisal
EnCore Oil plc (LSE: EO.) is pleased to provide an update on the Cladhan appraisal well 210/30a-4 located in UK North Sea Block 210/30a.
The appraisal well was drilled as a deviated well to a Total Measured Depth of 12,252 feet and encountered oil bearing Upper...
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Statoil submits plan for development and operation for the Vigdis North-East
Statoil has today submitted a plan for development and operation (PDO) for the Vigdis North-East development in the North Sea to the Norwegian Ministry of Petroleum and Energy. Production start is scheduled for December 2012.
This is the second fast-track development...
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Petrobras: Guará Extension Well confirms high productivity in pre-salt
Rio de Janeiro, April 11, 2011 - Petróleo Brasileiro SA - Petrobras announces that it has completed the formation test in the first extension well of Guará confirming the accumulation’s high productivity estimates, located in ultra deep waters, in the Santos Basin...
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Industrial Auctioneers Purchase Odense Steel Shipyard
COPENHAGEN, Denmark--(BUSINESS WIRE)--Maynards Europe GmbH and Hilco Industrial Europe (Hilco) today announced their purchase of the equipment of the Odense Steel Shipyard (OSS) in Denmark, long known in the industry as an innovative site for shipbuilding...
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China Shipbuilding plans $1.9 bln private placement
China Shipbuilding Industry Co Ltd plans to raise up to 12.5 billion yuan ($1.9 billion) by selling new shares to a select group of investors, the company said on Tuesday.
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Source: Reut...
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YungPu Delivered the First Two-Stroke Low-Speed Marine Diesel Engine
In December 2009, Mitsubishi Heavy Industries Co., Ltd (hereinafter referred to MHI) and China Zhejiang YungPu Heavy Machinery Co., Ltd (hereinafter referred to YungPu) signed an agreement that YungPu would be licensed to manufacture Mitsubishi UE low-speed marine...
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The Vyborg Shipyard will construct blocks for suppliers.
Within May - June, 2011 all workers of Vyborg Shipyard will be called out of dead time. It became possible thanks to the contract signed on April, 8th this year between Vyborg Shipyard and Arctech Helsinki Shipyard (AHS).
The Vyborg Shipyard will construct blocks...
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New innovative IMC ferry designs presented by Wärtsilä and Deltamarin
In October 2010, Wärtsilä and Deltamarin announced that the two companies were co-operating to develop a series of innovative ferry designs. The Integrated Modular Customized, IMC designs are now ready for introduction to the ferry market.Deltamarin, the foremost...
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Cargotec received an order for MacGregor RoRo cargo access equipment
CARGOTEC CORPORATION, TRADE PRESS RELEASE 12 APRIL 2011 AT 10.00 AM EET
Commercial vessels with capabilities for special types of cargo benefit from proven RoRo access technology
In March this year, Cargotec received an order for MacGregor RoRo cargo access...
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