CMB signed a $300msenior secured reducing revolving credit facility with DNB Bank ASA and Nordea Bank Norge ASA as lead arrangers and bookrunners, Belfius Bank nv/sa, Fortis Bank sa/nv, KFW IPEX-Bank GmbH and Skandinaviska Enskilda Banken AB (publ) as lead arrangers and ABN Amro Bank N…
Scana Industrier ASA - Scana Subsea awarded riser material contract for North Sea and Australia operations.Scana Industrier ASA has through its subsidiary Scana Subsea, been awarded a contract to deliver machined riser forgings to a non-disclosed customer…
China Navigation Company orders four 39,500 dwt Deltamarin designed B.Delta37 handysize bulkcarriers from Chengxi Shipyard in China. Following an initial order placed in March this year, CNCo has now contracted a total of 8 B.Delta37 vessels…
Pacific Drilling S.A. agrees with Samsung Heavy Industries to extend an option to construct an eighth ultra-deepwater drillship.The contractual option has been extended until January 18, 2013, on the same commercial terms, including delivery scheduled for the first quarter of 2015…
Intergraph® SmartPlant® Enterprise selected by operator, Inpex, to manage information for mega-project, Ichthys LNG.Inpex has implemented SmartPlant Enterprise solutions for the Ichthys LNG Project, including SmartPlant Enterprise for Owner Operators (SPO) as its information management system…
Negotiations between International Longshoremen's Association & U.S. Maritime Alliance (USMX) broke off abruptly Tuesday afternoon.The union and management said they were going to discuss container royalties, payments that are made to longshoremen based on the weight of containerized cargo…
Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'.Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity…
Gilat Satellite Networks Ltd contracted to upgrade undisclosed navy's IP-based satellite communications system.As part of the contract, Gilat will deliver redundant SkyEdge II hubs, RF transmission capability and VSAT terminals that offer increased bandwidth efficiency throughout the Navy units…
A new SeaBus ordered from Damen Shipyards to replace 'MV Burrard Beaver' serving the city of Vancouver & the North Shore communities.MV Burrard Beaver, which was built in 1976 and has reached the end of its useful life, is safe for service…
The Commission has awarded over €1.2 billion to 23 innovative renewable energy technology (RES) projects. The projects cover a wide range of renewable energy technologies from bioenergy (including advanced biofuels), concentrated solar power and geothermal power to wind power…
Australian Maritime Safety Authority (AMSA) & the Commonwealth Scientific and Industrial Research Organisatio (CSIRO) join forces.Under a Memorandum of Understanding, ASMA will draw on the scientific knowledge and technical support of CSIRO before…
Electronic SEEMP solution from NAPA proves almost 6% annual reduction in fuel consumption for a 2860 lane meter Bore RoFlex vessel,In advance of International Maritime Organisation’s (IMO) ship energy efficiency management plan (SEEMP) legislation becoming mandatory from January 2013…
A new European Union regulation gives passengers travelling by water improved rights to assistance in cases of cancelled or delayed departures.Passengers travelling by water are set to enjoy improved rights to assistance in cases of cancelled…
The 'CMA CGM MARCO POLO' (16 000 TEU) christened at the Zeebrugge Container Terminal in Belgium during maiden European voyage.The ceremony was performed by 'Godmother', Mrs. Naila Saadé, President of the CMA CGM Corporate Foundation and wife of Mr…
Volvo Penta announce key appointments to its newly-formed Volvo Penta Region Americas organizational structure.The company's organizational realignment brings together all of North, Central and South America, and the Caribbean under a unified management structure…