Deltamarin Signs with Chinese Shipyard for Design of 4 Handymax Bulk Carriers

Deltamarin has signed an agreement with the Chinese Tianjin Xingang Shipbuilding Heavy Industry Co., Ltd. for the design of 4 Handymax Bulk Carriers to be built for the French shipowners Louis Dreyfus Armateurs. Deltamarin will take care of the Basic and Detail...

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NOL commits to burning low-sulphur gasoil at Singapore port

Singapore-based liner NOL Group has committed to burn low-sulphur marine gasoil (MGO) on all its vessels calling at the port of Singapore, effective 13 April. [Read more] Source: Seatrade A...

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Port Tracker expects April US container traffic to rise 9pc

IMPORT cargo volume through US container ports is expected to rise nine per cent in April year on year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. [Read More] Source: Sea N...

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Hamburg Süd: Pleasing 2010 business year

Hamburg Süd’s performance at a glanceFollowing the historic crisis year of 2009 and a first-time ever decline in global transports in container liner shipping, 2010 saw an unexpectedly sharp volume rise.Hamburg Süd, too, benefited from a resurgent world economy...

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DryShips Announces Pricing of Private Offering of Senior Unsecured Bonds

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today the pricing of $500 million aggregate principal...

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S. Korea’s Big 3 Shipbuilders Move into Upswing Phase

So-called ‘Big 3’ shipbuilders in South Korea, Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME), announced that they achieved greater orders in the first quarter (Q1) this year than they did...

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Maersk expects to opt for 10 more mega ships

Denmark's A.P. Moller-Maersk (MAERSKb.CO) expects to exercise its option in June to order 10 more huge container ships to be built by Daewoo Shipbuilding & Marine Engineering (042660.KS) at a cost of $1.9 billion. [Read More] Source: Reut...

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Star Bulk Announces Settlement of the Star Beta Claim With OLDENDORFF

Star Bulk Carriers Corp. yesterday announced that the dispute that had arisen back in October 2008 between the Company's subsidiary Star Beta LLC ("Star Beta") and OLDENDORFF GmbH and Co. KG ("Oldendorff"), sub charterers of the STAR BETA ("the Vessel"), concerning...

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High bunker costs to hit shippers on the spot freight market

Maritime companies that trade more of their vessels on the spot freight market and on shorter intra-Asia trade routes are most likely to feel the heat from soaring bunker costs, industry executives said. [Read More] Source: Reut...

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Tanker rates to remain under pressure in the coming months says report

A new analysis from BIMCO said that freight rates in both crude and product tanker segments will remain under pressure in the coming months. The exception to this overall assessment is the Atlantic clean market that could be in for ongoing firm rates lasting several...

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Offshore platform sinks in Gulf of Mexico

 An offshore platform used to house oil workers partially sank in the Gulf of Mexico, but all 713 people aboard were evacuated safely, Mexican state-owned oil giant Pemex said.The Jupiter platform, which belongs to contractor Cotemar, sank Tuesday morning...

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Tanzania postpones fourth offshore oil, gas round

DAR ES SALAAM (Reuters) - Tanzania's fourth deep offshore bidding round has been postponed to next year to allow it to offer new blocks discovered by a latest seismic survey, a state-run agency said on Tuesday. [Read More] Source: Reut...

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STRATEGIC MARINE AWARDED MALAYSIAN CREW BOAT CONTRACT

Strategic Marine has secured a contract with JCB Oil & Gas Services Sdn Bhd, a Malaysian company involved in providing services to the expanding oil and gas sector in the country. Under the contract JCB Oil & Gas will purchase two 40 metre Crew Boats...

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ZOLA-1 ST1 WELL DRILLING UPDATE

Tap Oil Limited (ASX Code: TAP) provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia.The Zola-1/Zola-1 ST1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon...

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Trelleborg’s acquisition of business in offshore oil and gas in Brazil finalized

Trelleborg’s acquisition of a business in the offshore oil and gas industry in Brazil from a subsidiary of Veyance Technologies has been finalized. The business focuses on specially designed oil hoses for surface and deep-sea applications for the strongly growing...

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Huisman successfully transports and installs 5,000mt crane “Seven Borealis”

Early March, Huisman, the Dutch-based specialist in lifting, drilling and subsea solutions, successfully installed world’s largest Offshore Mast Crane onboard the “Seven Borealis” in four days only. This crane installation is  considered as the heaviest...

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Ghana and Uganda exploration and appraisal well update

Tullow Oil plc (Tullow) announces a successful Tweneboa-4 appraisal well offshore Ghana and the commencement of a major exploration and appraisal campaign in the Lake Albert Rift basin, onshore Uganda.  Successful Tweneboa-4 appraisal wellThe Tweneboa-4 appraisal...

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Polarcus receives Letter of Award from Statoil

Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Award from Statoil for a 118 square kilometer 4D seismic acquisition project over PL037 Statfjord Nord and Sygna in the Norwegian Sea, offshore Norway. The project, subject...

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Rosneft says BP share swap deadline stands

MOSCOW/LONDON, April 13 (Reuters) - Rosneft (ROSN.MM) said on Wednesday that an April 14 deadline for a $16 billion share swap with BP (BP.L) remained in force, casting the deal into doubt ahead of BP's annual shareholders meeting. [Read More] Source: Reut...

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US govt weighs more drilling contractor oversight

WASHINGTON, April 12 (Reuters) - The U.S. offshore drilling regulator is weighing options for expanding oversight of rig contractors after last year's massive BP Plc (BP.L) oil spill exposed a possible regulatory gap, Interior official Michael Bromwich said on Tuesday. [Read More] Source: Reut...

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Seadrill secures a new contract in Malaysia and orders new tender rig

Hamilton, Bermuda, April 12, 2011- Seadrill has been awarded an 18 month contract by Murphy Sabah Oil Co Ltd for the semi tender rig West Menang to operate on the Kikeh Spar deepwater field in Malaysia. Estimated contract value is approximately...

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Woodside Selects MODEC for TLP FEED

Houston, April 13, 2011 - MODEC is pleased to announce that Woodside has selected MODEC as one of two companies to perform the Front End Engineering Design (FEED) for two (2) Dry Tree Units (DTUs) for the Browse LNG Development (Browse). Woodside is Australia's...

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Seadrill disposes of the jack-up rig West Juno

Hamilton, Bermuda, April 13, 2011 - Seadrill has entered into an agreement to sell the newly built jack-up drilling rig West Juno to an undisclosed buyer incorporated in UK for a total consideration of US$248.5 million. Seadrill expects to record a gain...

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Vinashin gradually stabilizes production and business

Some members of the Vietnam Shipbuilding Industry Group Vinashin have recovered from the economic crisis and stabilised their production and business to create more jobs and ensure workers’ incomes.On April 9, Vinashin’s Party Committee held its second Party Congress...

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Damen announces “Twin Axe” axe-bow cat

Damen is currently finalising its first “Twin Axe” catamaran, which was designed to support offshore wind farms. Although the axe-bow concept was developed some five years ago, the Twin Axe offers a more stable platform within its 24-metre loadline. Compared to...

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Alewijnse Marine Systems To Deliver Amcs/Imc And DP Systems

Alewijnse Marine Systems to deliver AMCS/IMC and DP systems for two 14,000m³ dredgers for Jan De Nul Group Alewijnse Marine Systems has signed a contract for the delivery and installation of the alarm monitoring control system, integrated dredging...

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