Moody's Investors Service says that operating results of BW Group (Ba2 negative) in 1H 2012 were better than expected, largely because of the higher charter rates achieved by the company for its vessels.'We had expected BW Group's performance to weaken…
Norway's Northern Offshore, Ltd announce that the last two wells of a 4-well program will not be drilled at the present time.The Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, ('VGP') has given notice that the last two wells will not be drilled at present…
The first CO2-free power is now being fed into the Danish power grid from Anholt offshore wind farm. On its completion next year, the farm, with its total capacity of 400 MW, will be Denmark’s largest offshore wind farm and will deliver power equivalent to the consumption of 400…
Jack-up rig 'Maersk Endurer' contracted for 2-year drill off Cameroon, adding about US$ 100-million to Maersk Drilling's contract backlog.Maersk Drilling expands its activities in West Africa with the signing of a contract for the jack-up Maersk Endurer with Addax Petroleum…
Dave Grant has left Saab Seaeye after five years as Managing Director.Agneta Kammeby, chairman of Saab Seaeye Ltd says, 'Dave Grant has made a valuable contribution in the ROV business for offshore Oil & Gas. During his time with the company…
SOLAS amendments to mandate enclosed space entry and rescue drills agreed by IMO Sub-Committee on Dangerous Goods, Solid cargoes & Containers.Draft amendments to SOLAS regulation III/19 to mandate enclosed space entry and rescue drills were agreed by the Sub-Committee on Dangerous Goods…
42% of Maersk Line’s customers on the flagship “Daily Maersk” product between Asia and Northern Europe report direct savings on logistics costs. In 2011, Maersk Line launched Daily Maersk, providing customers with a ‘conveyor belt’ service between selected ports in Asia and Northern Europe…
Client Solution Architects LLC (CSA) wins contract to provide electronic & communications services to the US Navy & other government agencies.The contract is to provide electronic and communication services and solutions in support of mission capabilities for the US Navy…
More than 3,000 sailors & Royal Marines are geared up for a three-month deployment to the Mediterranean.'Cougar 12', which begins later this month, will see four warships, one amphibious support ship, a giant ro-ro ferry/transporter, three…
Odyssey Marine Exploration has four shipwreck contracts in place & has acquired rare shipwreck location archive for its database.Odyssey Marine Exploration, pioneers in the field of deep-ocean exploration, announce they have received project…
Lerwick Harbour, Shetland Islands, Scotland, logs best cruise season yet, with number of vessels visiting setting four new records.The records set in the 2012 season, which began in April and ended, Saturday 22 September, were 37,572 passengers…
NauticalCheck launch the world’s first multi-page, waterproof, pocket checklist, giving boaters immediate access to both critical safety information.According to the US manufacturers, NauticalCheck is unlike anything ever published in the boating industry…
Lockheed Martin-led team's second Littoral Combat Ship, 'USS Fort Worth' (LCS 3) commissioned by U.S. Navy in Galveston, Texas.USS Fort Worth, the second of the Freedom-variant in the LCS class, successfully passed Acceptance Trials in May and was delivered to the U…
The Obaid bin Suloom Establishment for Manufacturing & Repairing Ships launch the first ocean-going ship of its kind 100 percent locally-made.According to a report on the Khaleej Times, the ship, named ‘Obaid’, was floated out into the water in the Al Jurf area of Deira…
IMO’s Energy Efficiency Design Index is intended to improve energy efficiency of ships at the design stage. It will be mandatory for new ships contracted for construction or major modifications after 1 January, 2013 or delivered after 1 July…