Statoil has acquired a 30% participating interest in block 47 offshore Suriname from Tullow Oil. Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest…
Yesterday’s well-attended ballast water policy teleconference briefing by the Canadian Minister of Transport served notice that Canada has no intention of allowing the state of New York to dictate ballast water regulations, nor impede commerce on the St…
Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9 sailing around Cape of Good Hope. For this operation Fairmount was contracted by Saipem Energies directly after the successful installation of the floating…
The management of J.J. Sietas KG Schiffswerft GmbH u. Co. and J.J. Sietas Verwaltungs GmbH have filed a petition for insolvency at the Municipal Court Hamburg on 17 November 2011, due to over-indebtedness. Work on ships under construction will continue…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has agreed to purchase from an unaffiliated third party the MV 'Vathy', a 2010 built Panamax dry bulk carrier of 81…
Northrop Grumman (NYSE:NOC) won a follow-on and additional task order contracts totaling $69m from the U.S. Navy's Office of Naval Research (ONR) for the Navy's Integrated Topside (InTop) program. InTop is an innovative, scalable suite of electronic warfare…
At the North American Marine Environment Protection Association’s annual Awards dinner, Royal Caribbean Cruises, Ltd. (which includes Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises), the world’s second largest cruise company…
GIS Creates Integrated Data Workflow for More Efficient Chart Production. The National Oceanic and Atmospheric Administration (NOAA) has implemented a new nautical charting system based on Esri GIS technology to produce more navigational…
Inland Salvage Inc. Salvage Team members recently fought with high current Mississippi River conditions to refloat a sunken coal barge near Lake Providence, LA. The barge was fully loaded and headed south when it went down in March of this year…
Acquisition strongly boosts RINA offshore and port development services. By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50…
An IADC Best Paper Award for a Young Author under the age of 35 was presented to Bas Borsje at the CEDA Dredging Days in Rotterdam on November 11, 2011, for the paper “Biogeomorphological Interactions on a Nourished Tidal Flat: Lessons Learned from Building with Nature”…
THE London P&I Club has warned that improvements in telecommunications technology on board ships can create unwelcome distractions, leading to casualties. In its StopLoss Bulletin, the club notes that an alleged causative factor in a recent…
The Bureau of Ocean Energy Management (BOEM) is seeking information from interested parties regarding proposed oil and gas lease sales in the Gulf of Mexico Eastern Planning Areas. These sales are included in the Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017…
Safebridge Announces First Release of New Online E-Learning Courses for Type-Specific ECDIS Training and Certification. Safebridge GmbH, an e-learning company specializing in Internet-based training solutions for the maritime industry, today…
For the half year period ended 30th September, 2011, Mercator Lines Ltd. registered 25% growth in Total Income which stood at Rs.1584 crores (Rs.1268 crores). The Consolidated Net Profit for the period stood at Rs.21.41 crores (Rs.113.22 crores)…