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…
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…
Aker Solutions & Statoil have been awarded the ONS Innovation Award for the Åsgard subsea gas compression system.Reservoir pressure in producing gas fields falls over time, causing gas output to decline. For production to continue and maximise recovery from the fields…
Here is a multiple choice question: which of the following contracts is considered to be a “maritime contract” under U.S. law? - (a) a shipbuilding contract - (b) a ship-sale contract- (c) a ship-repair contract, and/or -…
In recent the management of P+S WERFTEN have been involved in discussions with the representatives of the German Federal State of Mecklenburg-Western Pomerania and the German Federal Government, and with its customers, suppliers, employees,…
Great Lakes Dredge & Dock Corporation declare a quarterly cash dividend on its common stock. The Board approved a $0.021 per share cash dividend, to be paid on September 14, 2012 to the holders of record of common stock of the Company at the close of business on September 7…
Shipbuilding & allied marine industries provider Austal publishes its financial report for year ended 30, June 2012.The Group operating profit after tax for the year was $11.043 million compared with the previous year of $21.890 million…
A new study about crucial risk management issues relating to Arctic operations is released by DNV and the Fridtjof Nansen Institute (FNI).The study concludes that, in order to safely develop Arctic resources, there is a need for improved technology…
A maritime security alert has been issued after pirates hijacked a Greek-owned and Isle of Man flagged oil tanker.A Togolese patrol boat exchanged gunfire with the hostage-takers before they escaped with the vessel, which had 24 crew members on board…
Crew shortage & integration issues identified as major contributors to control systems-related NPT (Non Productive Time) in Athens Group report.Athens Group has published its fourth annual international benchmarking report on control systems…
LEHR, Inc., win the 'Green Product of the Year' award from West Marine for the world's first OEM propane powered boat motors.Lehr is the first vendor to win both West Marine's Green Product Contest, awarded at the Miami Boat Show, and…
