Following six weeks of intensive operations RESOLVE Salvage & Fire announce removal of 600 tons of steel from the bow section of the Rena wreck off Tauranga, New Zealand. RESOLVE has been removing the wreck piece by piece using helicopters and a transport barge at a safe distance from the reef…
A NOAA study finds that ocean acidification is accelerated in nutrient-rich areas putting marine resources, coastal economies, at risk.Carbon dioxide released from decaying algal blooms, combined with ongoing increases in atmospheric carbon emissions…
Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at the Samsung yard in South Korea, for 2014 delivery.The project value price is estimated to be around US$600 million (including project management, drilling and handling tools…
Konecranes to supply nine RTG's (Rubber Tired Gantry) to Bolloré Group in West Africa.The cranes will be delivered to MPS Container Terminal in Tema, Ghana and Benin Container Terminal in Cotonou, Benin. The parties have agreed not to disclose the value of the orders…
Harald Fassmer is the new Chairman of Verband für Schiffbau und Meerestechnik e. V. (VSM), the German organization representing the country’s political and commercial maritime industry interests. Mr. Fassmer also happens to be a ubiquitous figure in the international maritime circuit…
Horizon Line’s vessel modifications bring light to an interesting and somewhat mysterious equation. MarPro takes a closer look.Jones Act rules are tricky, but a close reading (and interpretation) can yield savings for cash-strapped shipowners…
Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will offer 38 million acres in the Central Gulf of Mexico for oil and gas exploration and development. Thesale…
The Great Lakes Towing Company and Great Lakes Shipyard have entered into another year as a partner in St. Martin de Porres High School’s Corporate Work Study Program. Four students, one from each grade level, work one day a week in various…
Underwriters should be asking more questions at the time of placing or renewing marine insurance to reduce the risk of major incidents and cut unnecessary costs, suggests Braemar (Incorporating The Salvage Association). Speaking at the International…
As an owner itself, Bibby Ship Management is able to understand and meet the exacting needs of ship owners, particularly during this difficult economic time.The company, sitting within the vast Bibby Group, is able to draw on its long history…
It could be argued that running an efficient, safe and profitable ship repair yard is one of the most difficult of all maritime jobs. First and foremost, unpredictability – in terms of planned and actual workload, as well as the very nature of the job themselves – is a recurring theme…
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…
