Babson Capital provides US$12-million In subordinated debt to support Drew Marine acquisition of Chemring Marine Group’s Rescue Division.Babson Capital Management LLC, a global investment manager with $149 billion in assets under management and operations on four continents…
Leading Asian shipping companies China Navigation & Swire Pacific Offshore expand the global industry alliance on ocean sustainability.The China Navigation Co. Pte. Ltd (CNCo) and Swire Pacific Offshore Operations (Pte) Ltd (SPO), major…
Tognum to make upgraded MTU Series 4000 workboat engines available summer 2013.Tognum will enhance its MTU Series 4000 Ironmen workboat engines for compliance with US EPA Tier 3 emissions regulations. This latest version of the Ironmen…
Northern Fleet (NF) surface ships with a nuclear submarine accomplish tactical training tasks in the Barents Sea. The exercise was held by a search/attack ship group comprising ASW corvettes Naryan-Mar and Onega. The crews practiced search…
The GAC Group announces key management appointments for its head office and local operations in Oman and the United Kingdom.Group Vice President for Human Resources Jan Farnelid will retire on 31 August and take on a consulting role with the Group until the end of the year…
Sembcorp Marine’s subsidiary Jurong do Brasil Prestacao de Services Ltda (JDB) awarded FPSO module contract by Tupi B.V.The contract is for the construction of a total of 8 modules and module integration works for 2 Floating Production Storage…
Mark Goodall of Aker Solutions believes there is a future for N.Sea oil & gas despite the present focus on wind and nuclear energy power.Goodall explained that the low hanging fruit may have gone but there are still several significant new…
In a letter to shareholders Nordic American Tankers Limited Chairman & CEO pointed (amongst other things) to the fleet's fuel-saving measures.Herbjorn Hansson, company Chairman & CEO stated:NAT has made, and is continuing to make, important…
Statoil will drill nine wells during a non-stop 2013 Norwegian Barents exploration campaign. The company plans to meet development challenges here by tripling its Arctic technology research budget.Statoil's exploration experience in the Barents is already extensive…
Salvage crews & coral ecologists return to Mona Island, Puerto Rico, to cut apart the grounded freighter M/V Jireh.The U.S. Coast Guard and the rest of the response crew have been working carefully to cut up portions of the ship, in order…
The 4-man American team 'Arctic Row' complete their epic voyage spanning Beaufort and Chucki Seas from Inuvik, Canada to Point Hope, Alaska.The team's blog/diary records that:The team completed their journey at 1:46pm local time on Sunday…
DNV awards ISO 50001 certification & SEEEMP conformity to the Greek shipping company Arcadia Shipmanagement Co Ltd.As commercial ship operators around the world continue to search for ways to lower their environmental impact and operating costs…
Perseus Telecom pledges support for Oceanic Society, a non-profit conservation organization that aims to preserve marine wildlife & habitats.Perseus Telecom delivers ultra-fast connectivity service while having an 'ultra' low impact environmentally…
Drones, unmanned aerial vehicles (UAVs), are to be deployed along China's coastline to undertake remote-sensing marine surveillance.Local authorities said they could use the high-definition photos to discover illegal land reclamation and…
Damen delivers silent in operation Research Vessel ‘Simon Stevin’ to DAB Vloot, the Flemish Government fleet operator.The RV 3609 was jointly designed by Damen Shipyards Gorinchem and VLIZ, the Flemish Institute for the Sea. While hull and…
