Bumi Armada Berhad secures syndicated Indian banks term loan facilities of up to US$276.4-million for FPSO 'Armada Sterling'.Malaysia-based international offshore oil and gas services provider, company Bumi Armada Berhad announced today that its jointly controlled entity…
Technip wins Discovery System lump sum pipeline installation contract for Discovery’s South Timbalier Block 283 Junction Platform project. David Dickson, Technip’s Senior Vice President, North America Region, declared: “This award is the…
Norwegian shipbuilder Westplast AS chooses US-based NAMJet propulsion for its latest seismic survey vessel WP950.Designed as a global support platform for oil and gas industry seismographic research, the WP950 will also be used for streamer cable replacements…
Transocean's fleet update summary includes new contracts, significant changes to existing contracts, and changes in estimated OofS time.The value of new contracts or extensions since the November 18, 2012 fleet update summary is approximately US$119=million…
TY Offshore Launches FMT 3248, the fourth of fourteen FMT Industries Barges built at TY's Gulfport, Mississippi facility.TY Offshore, LLC announce the launch of FMT 3248, the fourth of fourteen 297’6” x 54’ x 12’, 30,000 barrel tank barges for FMT Industries…
COSCO Corp. (Singapore) secures contract to construct a Floating Production Storage Offloading (FPSO) vessel in China.COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured…
Diana Shipping Inc. (NYSE:DSX) has entered into time charter contracts for three of its vessels.The Company has entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, through a separate wholly-owned subsidiary…
International accountant and shipping consultant Moore Stephens says it is regrettable that changes announced for inclusion in the UK Finance Bill 2013 have failed to remove exchange rate distortions from the calculation of capital gains on ships…
Amarcon, a member of the ABB group, received an OCTOPUS-Onboard order for the new build Dockwise Vanguard. This vessel is one of the largest and most advanced heavy lift vessel ever built. The vessel was launched in November 2012 and is currently undergoing sea trials…
The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has issued a new position paper on Arctic shipping. As the Arctic becomes more accessible, ICS has set out some key principles with regard to the future governance of Arctic waters…
Dolphin Group ASA, headquartered in Norway, awarded multiple North Sea 3D seismic contracts for 2013.Dolphin has been awarded several contracts for the upcoming North Sea season. The awards are for both 3D and 4D seismic services and will…
A state-of-the-art new training centre outfitted with the latest KONGSBERG Offshore Vessel Simulator opened by Ukrainian crewing company Lerus Ltd.Established to meet growing training demand in Ukraine, Russia, Poland, Lithuania, Latvia…
The federal government is stepping up its efforts to kick-start the offshore wind industry by awarding $28 million in grants to seven development projects.The Department of Energy informs that each developer would receive up to $4 million to complete the engineering…
The companies agree to jointly make wind turbine and foundation offers on major European projects.AREVA will bring its expertise in design and production of wind turbines and STX France its know-how in specialized offshore foundations, with…
Launch of an S-class Platform Supply Vessel (PSV) at Balenciaga Shipyard in Northern Spain for the Craig Group.The Craig Group has committed £50-million to the construction of the vessel, Grampian Sovereign, and its sister ship, Grampian Sceptre…
