Effective Shutdown of Nation’s Busiest Water Transportation Artery Looms Between Early- to Mid-January. The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) have released revised data on the economic impact of an effective…
Low freight rates and a challenging market are concerns for ship managers as they begin 2013. A survey of members of InterManager, the international trade association for the ship and crew management industry, has identified the main concerns affecting the industry as it begins the New Year…
ConocoPhillips confirms options in the Eldfisk 2/7 S topside contract for Kvaerner to perform offshore hook-up & commissioning assistance.In March 2011, Kvaerner was awarded a contract by ConocoPhillips to perform engineering, procurement…
STX Europe AS sells STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS.STX Europe completes the sale of all of the shares in its wholly owned subsidiaries STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS…
SeaBird Exploration, through a subsidiary of Ordinat Shipping AS, charters the 3D vessel 'Geo Pacific' from Fugro.The vessel has been fixed on a 4 month time charter, intended to be converted into a 3 year bareboat charter with four one-year options to extend the contract…
Mr. Lee Kian Soo, Executive Chairman of the Company, steps down to be replaced by Mr. Koh Poh Tiong.Ezra is a leading offshore contractor and provider of integrated offshore solutions in the offshore oil and gas industry. The wide range…
Nam Cheong, Malaysia’s largest Offshore Support Vessel (OSV) builder, ends year with record number of sales.Sales of the Platform Support Vessel (PSV) and the two Anchor Handling Towing Supply Vessels (AHTS) are worth a total of US$ 56.4-million…
Shelll's drill rig 'Kulluk' broke towlines again in the storm & finally washed up on Sitkalidak Island, near Kodiak, on New Year's Eve.Salvage crews are on stand-by until the weather moderates (the National Weather Service reports seas in the area of being up to 30 feet high…
Mercator Lines (Singapore) agree early termination & settlement agreements with owners of bulkships 'Chaitali Prem' & 'Chanchal Prem'.Briefly, the existing charter of M.V. “Chaitali Prem” ends on or about 31 August 2014. Under the terms of the relevant Early Termination Agreement…
Statoil Petroleum grants Eidesvik Offshore ASA a 2-year extension charter for the LNG fuelled Platform Supply Vessel (PSV) 'Viking Energy'. The Viking Energy was the first LNG fueled PSV in the world when it was delivered in 2003, and has been on contract for Statoil since delivery…
The Export-Import Bank of China (Eximbank) joins hands with China Classification Society (CCS) to support the country's shipping industry.China Eximbank and CCS agree to conduct more cooperation in future on financing services, technical risks hedging and prevention…
Macsea's Fuel Vision announces that its system now works with KRAL rotary displacement flow meters for high-accuracy fuel monitoring.By combining Dexter Fuel Vision with the KRAL flowmeter, fuel data acquired aboard ships can be displayed…
QM3 Patrick Cunliffe, USN, posted the ship’s traditional New Year’s midnight log entry in 'Rap-style' aboard 'USS Reuben James'.On New Year's Eve the ship was on routine patrol in the South China Sea.Continued the watch underway as before…
Plans are in hand to convert one of the two diesel oil-fuelled 'Austen-class' ferries to use Liquefied Natural Gas (LNG).A pilot program conducted on one Staten Island Ferry, if successful, could save the city nearly half the boat's fueling cost annually…
Teledyne Webb Research's new version of its Autonomous Profiling Explorer (APEX®) makes a record 13,123 ft dive off Hawaii.APEX floats are based on a buoyancy engine and have been commercially available since founder Doug Webb started Webb Research in 1982…
