According to International Energy Agency (IEA) Executive Director Nobuo Tanaka, the 28 IEA member countries have agreed to release 60 million barrels of oil in the coming month in response to the ongoing disruption of oil supplies from Libya…
Fincantieri and Princess Cruises have chosen Consilium to outfit the new 141,000 GT under construction, Royal Princess, and her yet-to-be-named sister, with the safety system in compliance with the latest regulation 'Safe Return to Port'. The…
Ship cleaning firm BIS Services LLC (formerly known as Bertucci Industrial Services) welcomes its newest team member, Joseph A. Sanchez. Sanchez brings over 25 years of maritime knowledge to the company and was previously employed at Wilhemsen…
SpecTec has launched a new product within the AMOS Business Suite: AMOS Mobile, a handheld-device software providing the ability to record transactions remotely, and upload those transactions right into AMOS. AMOS Mobile users can record inventory updates…
The International Dynamic Positioning Operators Association (IDPOA) has announced the winners of the 2011 International Dynamic Positioning Excellence Awards. “The awards stand testimony to the skill, dedication, effort and commitment of people who strive to be the best…
According to Braemar, 2011 is already a record year for dry bulk carrier demolition. In Jan-May 2011, 13.6m Dwt of bulkers have been scrapped, including 7.1m Dwt of Capesize (over 120k Dwt) bulkers. If scrapping continues at this pace for the balance of 2011…
The VDMA (German Engineering Federation) has noted an upsurge in orders for German marine equipment and offshore suppliers, despite a six percent drop in sales in 2010.“We continue to be successful in world markets and have also found new customers in attractive niches in 2011…
On June 15, 2011, the EPS M10 Hovercraft was commissioned as the “Al-Wajh.” Hovercraft Al-Wajh is the first of two to be delivered by EPS Corporation of Tinton Falls, NJ, to the Kingdom of Saudi Arabia Ministry of Interior Border Guard. The…
OSX Brasil S.A., a Brazilian corporation engaged in the equipment and services sector for the offshore oil and gas industry, by means of integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services…
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced the release of an internal investigation report on the causes of the April 20, 2010, Macondo well incident in the Gulf of Mexico. Following the incident, Transocean commissioned an internal investigation…
Svitzer UK and Sanderson Maritime have launched Seatel, a North Sea barge with a 70 bedroom hotel module offering a comfortable, stable platform and high quality accommodation at half the cost of current market alternatives. Designed for anchorage in deep-sea locations…
DryShips Inc., a provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced that it has obtained unanimous consent from its existing syndicate members to amend the $495…
Wilhelmsen Ships Service (WSS) Kuwait has recently won a major contract to provide support to the Kuwait Oil Tanker Company (KOTC). KOTC is a subsidiary of Kuwait Petroleum Corporation (KPC), which is the holding company integrating KOC, KNPC…
Ray Kranzusch has been appointed to the position of Product Manager, Oil and Gas Drills, for Atlas Copco Construction & Mining effective immediately. In his new role, Kranzusch will report directly to Scott Slater, Business Line Manager for…
Tsakos Energy Navigation Limited (TEN) has announced the sale of the 1991-built Aframax tanker Vergina II to third party owners. Vergina II, sister vessel of Victory III sold earlier in 2010, will be delivered to its new owners by the end of this month and will release approximately $1…
