GE to acquire Naxys, supplier of leak detection & condition monitoring sensors for subsea applications.Naxys, is a Norway-based provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology.The acquisition…
France Telecom-Orange announce abandonment of its cable ship 'Chamarel' off the coast of Namibia.A fire broke out on the cableship Chamarel while returning from a repair operation on the Sat3-Safe cable off the coast of Namibia in the Atlantic Ocean…
NOAA raises hurricane season prediction despite expected El Niño, updated outlook calls for near- or above-normal Atlantic season.This year’s Atlantic hurricane season got off to a busy start, with 6 named storms to date, and may have a busy second half…
LNG Exports: 'Not Huge, Not Soon,' but with geopolitical impact forecasts market analyst.Ken Medlock, a Baker Institute energy fellow at Rice University in Houston, said the United States will be 'lucky to see more than 1 Bcf/d' of exports 10 years from now…
Bollinger announces the appointment of Charles 'Skip' Bowen as Vice President Government Relations.Mr. Bowen joined Bollinger in April 2011 as Program Manager for the FRC “Sentinel” Class Patrol Boat building program at Bollinger’s Lockport facility…
Ship operator's latest report says fire remains under control although hotspots still exist.The ship's geographical situation remains unchanged, some 200 miles off the nearest land.Helmut Ponath, CEO of Reederei NSB comments: “I consider…
UK-based Stephenson Clarke Shipping goes into liquidation after nearly 300 years trading.Stephenson Clarke Shipping Ltd is the oldest British shipping company. King George II had been on the throne of England for just three years when the…
US Coast Guard Cutter Juniper deploys to far Arctic region for joint operations. The Newport, R.I., based Coast Guard Cutter Juniper is deploying to the Arctic to conduct maritime safety and security exchanges with the Canadian navy and coast guard along with elements of the Danish navy…
US salvage company Resolve has taken over the salvage contract of the wreck on the Astrolabe Reef, New Zealand.The salvors have started cutting up internal sections of the bow of the container ship which ran on to the Astrolabe reef off Tauranga…
Modified EBITDA increases 86% to $1.4 million in latest Deep Down Inc. financial report.Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, report…
DNV’s summer students present results of work to develop a realistic concept for a year-round Arctic oil spill response system.The Norwegian students' project included requirements for people, vessels and equipment.DNV’s summer project is…
IHC Merwede to showcase its dredging, wet mining, and special purpose ships at forthcoming SMM 2012, Hamburg, Expo.A number of impressive scale models will demonstrate the wide range of innovative vessels engineered and manufactured by IHC Merwede…
Maersk Line's 'Maersk Illinois' makes her first homeport call in Norfolk, Virginia.The call in Norfolk affirmed the value of the Maersk-Rickmers heavy-lift service and brought together customers and constituents who rely on and support U.S…
Seven Somali's found guilty of piracy against a French fishing vessel, sentenced to 20 years.Following a terrifying attack against the MV Captain St. Vincent in October 2009 the pirates, operating in 2 attack skiffs, were located by a EU an…
Tognum has recently concluded an agreement with a bank consortium for a revolving credit line of €300 million. The credit line has a term of five years. In addition to Commerzbank as the coordinator, seven other banks are involved. Tognum…