University of Stavanger (UiS) is active in teaching, research and finding solutions for developing fields in areas with Arctic conditions. The northward shift of Norway’s oil industry means it must adjust to temperatures down to -30°C, storms…
Dockwise Ltd. confirms it has received an unsolicited intended offer from Royal Boskalis Westminster N.V. ('Boskalis') for the acquisition of all outstanding shares of Dockwise at an offer price of EUR 17.20 per share cum dividend. The…
ClassNK (Chairman and President: Noboru Ueda) has announced that it will be bringing its highly regarded PrimeManagement series of seminars to Turkey and Greece for the first time on November 28 and 29th respectively. The seminars, which are offered free of charge…
Knightsbridge Tankers Limited sells its VLCC 'Kengsington' to an unrelated 3rd party for delivery this month.The Company expects to record a gain of approximately $0.1 million in the fourth quarter having recorded an impairment loss of $13…
Somali authorities have seized a North Korean vessel for allegedly dumping cement off the country's coast, & will prosecute.A North Korean-flagged ship and its crew were captured by the quasi-government of Puntland near the coast of the Puntland port city of Bossaso while discharging some 5…
Mitsubishi Heavy Industries Ltd. will unveil by 2015 a natural-gas-powered engine that emits 30% less carbon dioxide than conventional models.The machinery manufacturer has improved existing technology to develop a combustion engine that efficiently…
Armel Le Cléac’h still leads the race while Vincent Riou aboard 'PRB' becomes the 7th boat to retire in 15 days of racing.Vincent Riou, onboard his boat PRB, has retired from the race. Two days ago he collided with a large floating metal buoy and damaged his hull…
The Philippines is ideally positioned in the Asia-Pacific region to repair ocean-going & fishing vessels according to a Japanese study.The report was contained in a study on the ship building and ship repair industry of the Philippines conducted…
PT Wintermar Offshore Marine Tbk (WINS) joins with PACC Offshore Services Holdings Ltd (POSH) for Indonesian oil and gas joint venture.The joint venture will own and operate two units of Indonesian flagged 100+ tons bollard pull AHTS, “WINPOSH Rampart” and “WINPOSH Resolve”…
China has successfully conducted a flight landing on its first aircraft carrier, the 'Liaoning'.The taking off and landing of the homegrown J-15 aircraft has sparked interest throughout the nation.The successful takeoff marked the carrier debut of the J-15…
Olympic Shipping's new 'Olympic Taurus' sails for Oslo naming ceremony on delivery by Kleven Verft.A multi-purpose offshore vessel with diesel electric propulsion, low fuel consumption and high flexibility, 'Olympic Taurus' represent a new…
The addition of Dockwise's activities to the Boskalis group will provide an extensive package of services for clients in the oil and gas sector.Boskalis has invited the Dockwise Board of Directors to discuss the intended offered acqusition…
Executive Director of the United Nations Office on Drugs & Crime, Yury Fedotov summed up his advice at the conclusion of his East Africa visit.During the visit to East Africa, the UNODC Chief discussed counter-piracy efforts with heads of state and ministers…
Chevalier Floatels contracts Holland Shipyards to convert its first ship to a DP2 offshore support & accommodation vessel.In response to the growing European market for wind energy, Chevalier Floatels has initiated the development of a new…
46 vessels have transited through Northern Sea Route as this year's navigation season comes to an end.Never before have so many vessels used the Northern Sea Route for cargo transport between Europe and Asia. and never before has so much cargo been transported along the route…
