The “MonaLisa” project, an action in the Baltic Sea region aimed at improving the quality of maritime transport, will benefit from €11.23 million (nearly $16 million) in EU contribution from the 2010 TEN-T Multi-Annual Call. The project, which…
FAST 2011 is the 11th International Conference on Fast Sea Transportation. Started in Trondheim, Norway in 1991, FAST conferences take place every two years and are the world’s leading conferences addressing fast sea transportation issues. Recent FAST conferences were held in Athens…
Statoil awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for subsea compression topside modifications on the Åsgard field.The Åsgard licence has decided on a concept involving gas compressors installed on the seabed…
Today, Statoil (OSE: STL, NYSE: STO) presented its long term growth outlook. The company expects to raise production from around 1,9 million barrels in 2010 to above 2.5 million barrels of oil equivalents per day in 2020. With premium positions…
Norwegian Public Service broadcaster NRK transmitted the 134 hour boat trip from Bergen to Kirkenes live and non stop, starting last Thursday June 16 at 19:45 CET. For those curious if 134 hours of television is a Guinness World Record, it's not…
Shell and China National Petroleum Company (CNPC) today signed a Global Alliance Agreement emphasizing their shared intent to pursue mutually beneficial cooperation opportunities internationally as well as in China. The two parties also signed…
After extensive coordination with several Navy organizations and the U.S. Maritime Administration, the Deputy Chief of Naval Operations for Fleet Readiness and Logistics approved revisions to the latest CNO Instruction (OPNAVINST 1534.lD) transitioning…
The Directors to Kvaerner's Board have been elected. From Kvaerner's first day of trading on the Oslo Stock Exchange in July 2011, the Board of Directors will consist of five shareholder-elected members as well as three members elected by Kvaerner's employees…
ORBIT Communication Systems, Ltd., a subsidiary of Orbit Technologies Ltd. (TASE:ORBI), today announced that it has recruited Dr. Carlo Rizzo to head its Telemetry and Earth Observation business operations in Europe. A seasoned industry expert…
Brian Pope, Senior Vice President of business Development for L-3 Communications / Marine & Power Systems Group• A MarPro FirstIf Brian Pope is not the obvious choice to be Maritime Professional magazine’s first ever featured maritime professional…
The obscure, but arguably most important variable in energy transportation has at long last been standardized. Driven by client demand, Navarik’s web-based software brings petroleum inspection into the 21st century. It wasn’t too long ago…
When Admiral Robert J. Papp assumed the duties of the 24th Commandant of the U.S. Coast Guard on May 25, 2010, he also served notice that it won’t be business as usual at headquarters. Papp, unlike his three immediate predecessors, apparently…
As Cargo, Fuel or both; LNG is emerging as the clear and clean way forward for the maritime industry. • In the Beginning The use of LNG as a marine fuel is not new. Vessels trading cryogenic LNG have burned boil-off natural gas in…
In shipping, there’s little that one can count on from year to year. The word “change” comes to mind immediately. Another constant is a steady hand at the helm at the International Association of Independent Tanker Owners (INTERTANKO), the voice of the world’s collective tanker market…
Make no mistake about it: the Arctic is open for business. The cumulative environmental footprint of oil exploration outfits, merchant shipping, mining, eco-tourism and the cruise ship trades is thus far minor, but the potential for an exponential…