ULSTEIN Establishes New Subsidiary
ULSTEIN has recently established a new company, Ulstein IDEA Equipment Solutions. This company will take over the activities of former IDEA Heavy Equipment b.v, a Dutch company that ULSTEIN has cooperated with in recent years. Ulstein IDEA Equipment Solutions will be engaged in the development and manufacturing of mission and interface equipment on board vessels, mainly working in the offshore and dredging markets.
DnB NOR Markets Announces New Appointments
DnB NOR Markets announces analyst appointments to its energy, offshore and maritime equity research team in Singapore. Kay Lim, CFA, has been appointed the bank’s…
Marlink to Supply 23 Simon Møkster Vessels
Marlink, the largest provider of maritime satellite communications, has recently extended its contract with offshore vessel operator Simon Møkster Shipping AS for a further 5 years.
Klüber Lubrication Launches New Gear Grease
Klüber Lubrication, a manufacturer of specialty lubricants, has introduced Klüberfood NH1 94-6000, a synthetic fluid gear grease based on highly-refined synthetic…
Mustang Survival Promotes Grupa, Milligen
Mustang Survival's Michael Grupa will be transitioning from his current role as Director of Business Development, Professional, to join the Sales team as Director…
JCSSG Ships Train in Hawaii
USS John C. Stennis Strike Group (JCSSG) ships commenced an undersea warfare exercise (USWEX) in the Hawaiian operating area on Monday as part of the strike group's…
Donjon Welcomes New Tug, Caitlin Ann
On August 1, 2011, Donjon added the 2400-HP-class tug Caitlin Ann to its growing fleet to support the company’s dredging, marine salvage, bulk material transportation and marine demolition services. The addition of the Caitlin Ann increases the Donjon towboat fleet to 14 total vessels ranging from 1200 to 7000 horsepower. In addition, Donjon also owns and operates five derrick barges with a maximum capacity of 1…
BOEMRE Funds Beach and Dune Restoration in Louisiana
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has awarded two Coastal Impact Assistance Program (CIAP) grants totaling $481,978 to the…
WESMAR to Introduce New Fin for Yachts
WESMAR (Western Marine Electronics) will introduce a 50-square-foot mega fin at the Fort Lauderdale Boat Show on October 27-31 in Florida. Designed for luxury yachts, charter and super yachts, these new fins, coupled with WESMAR’s triple axis digital DSP4800 control electronics, are designed to reduce up to 90% of vessel roll. They are rugged with a neutrally buoyant design that adds lift, and are…
Arctic Drilling: 4x More Expensive
DNV’s summer students presented the results of seven weeks of intense and targeted work with a concept for year-round drilling and exploration offshore north-east Greenland. More than anything their work unfolded a massive need for new technologies, improved standards and increased arctic research. But that’s not all; the students predict that drilling in the Arctic could be up to four times as expensive as drilling in the North Sea.
Report: Hyundai Merchant to Order 5 Containerships
Hyundai Merchant Marine apparently plans to order five new containerships worth $638.7m, according to a Reuters report. Hyundai said in a regulatory filing that the addition of the five 13…
Mustang Survival Introduces MD3157 Lifejacket
Mustang Survival's first inflatable lifejacket is now available. The MD3157 is the first inflatable approved and certified as a lifejacket by Transport Canada and…
VSD Opens New Branch Office in the UAE
VSD, LLC (VSD) announces one of its subsidiary companies, VSD Global (VSDG), is set to open a new branch office today in the United Arab Emirates (UAE). VSDG was…
WWH Reports 2Q Earnings
Wilh. Wilhelmsen Holding ASA's (WWH) topline lifted by continued increase in volumes transported deep sea. Underlying development in the group's activities is positive.
Wartsila Opens New Facility in Helsinki
Wärtsilä has opened new workshop facilities in Helsinki, Finland. The new facilities enable Wärtsilä to offer a wide range of workshop services with rapid response times.
GFI Group Conducts First "Matching" on EnergyMatch Europe Platform
GFI Group Inc. has conducted the first matching* of dry freight forward freight agreements “FFAs” trades on its premier electronic platform EnergyMatch Europe. EnergyMatch Europe is GFI Group’s electronic trading platform for energy and commodities and the market leader for the trading of Dry Freight FFAs. The screen allows for trading in co-mingled markets (co-mingling is the ability to clear trades…
TH200 Humidity & Temperature Transmitter
The new TH200 Humidity & Temperature Transmitter can be used to measure relative and absolute humidity, dew point, wet and dry temperature, and enthalpy. It is ideal…
COOEC Signs Contract with SpecTec
China Offshore Oil Engineering Corporation (COOEC) signed a contract with SpecTec Asia Pacific East Ltd, SpecTec Group Hong Kong subsidiary. The contract is relevant…
P&I Invests in Singapore Branch
P&I insurance provider, The Shipowners’ Club, continues to expand business in the Asia-Pacific region by investing in its Singapore branch. Growth in demand for…
Container Service Reliability Ratings Rise in 2Q 2011
The latest measure of container service reliability by Drewry’s Schedule Reliability Insight showed a steady improvement, with the percentage of ships arriving on…
