CHEMOIL ANNOUNCES NEW MANAGEMENT TEAM
SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI) announced today that as part of its efforts to build upon the company’s strengths and expand its business reach, it has promoted various Chemoil veterans and brought in experienced top talent to help lead the company towards sustainable growth. Tom Reilly, who was appointed Chemoil’s new CEO in January 2011, said “Chemoil is entering the next phase of…
Wärtsilä Receives Order For Gas Engines and Equipment to Viking Line's New Environmentally Sound Passenger Ferry
Wärtsilä, the marine industry's leading solutions provider, has been awarded a contract by shipbuilding company STX Finland Oy to supply the propulsion machinery for a new passenger ferry to be built for Viking Line, a Finnish ship owner. The vessel will be the largest passenger ferry to operate on liquefied natural gas (LNG), making it the most environmentally sound and energy efficient large passenger vessel in the industry to date.
Transocean Ltd. Board Nominates New Director
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the Board of Directors is recommending that the company's shareholders approve at the 2011 Annual General Meeting the election of Steve Lucas as a Class III Director for a three-year term. Mr. Lucas is the retired Group Finance Director of National Grid plc and has previously served in a variety of finance roles with the Lattice Group plc., the BG Group plc and Royal Dutch/Shell. -- The re-election of Ian C. Strachan and Martin B.
OW BUNKER APPOINTS NEW REGIONAL MANAGER
OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today announced that Jesper Jervild has been appointed to the position of Regional Manager for the Middle East and South Africa. In his new role, Jervild is based in Dubai and is responsible for all of OW Bunker’s activities in this region. Jesper Jervild has been promoted from the position of Branch Manager of OW Bunker South Africa (Pty) Ltd, based in Cape Town, where he has spent the past four years.
VARNA Products Works with Cummins Power Generation on Blackstart Prelube
Cameron Park, Ca….VARNA Products, manufacturer of industrial and marine oil and fuel oil pumps and turnkey control solutions is working with Cummins Power Generation to provide Turnkey DC Blackstart Prelube Systems for some QSK60L and QSV91L critical power generator sets. VARNA Prelube Pumps Minimize Engine Wear at Cranking and Help Ensure Generators Start. The highest engine wear rate occurs during startup. The longer the period between engine starts, the more engine damage that occurs.
AXI To Display at the GlobalSpec Power Generation and Distribution Equipment Virtual Trade Show
Algae-X International (AXI) will display a complete line of Diesel Fuel Filtration and Optimization Systems and Mobile Tank Cleaning Systems at GlobalSpec’s Power Generation Virtual Trade Show on March 9, 2011. GlobalSpec’s Power Generation and Distribution Equipment virtual online event will provide registered attendees with an understanding of the latest developments and trends that are impacting the Power Generation Industry.
JPMorgan Chase Analysts Lower Price Target on Teekay
According to a report from American Banking and Market News, equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) lowered their price target on shares of Teekay Tankers Ltd.
Two Greek Oil Tankers Sail from Libya's Es Sider
According to a report from Reuters, two fully loaded Greek tankers carrying around 1.2 million barrels of crude oil left the Libyan port of Es Sider on March 1, the vessels' owner said.
Oil at Libyan Ports May Run Low Due to Political Upheaval
According to a March 1 report from Bloomberg, crude supplies for loading at Libyan ports may start to run low because of disrupted production at oil fields caused…
Australia May Double LNG Exports by 2016
According to a report from Bloomberg, Australia’s liquefied natural gas exports may more than double by 2016 as Asian economies increase gas consumption as part…
Golar LNG Posts Q4 Results
According to a report from RTT News, on March 1, Golar LNG Ltd. (GOL) posted consolidated net income of $4.7m and consolidated operating income of $15m for the fourth quarter of 2010.
Oil studies Find Commercial Fish in Arctic
According to a report from the Associated Press, studies of the Chukchi and Beaufort seas are generating research of value beyond oil exploration. Surveys for possible…
Saipem Wins Offshore Contract in Saudi Arabia
According to a report from Reuters, Italian oil services firm Saipem (SPMI.MI) won a contract for offshore work at Saudi Aramco's [SDABO.UL] non-associated gas fields feeding Wasit…
KPI Bridge Oil Appoints Rasmussen
KPI Bridge Oil, a global bunker broker and trader, has appointed Jesper Rasmussen as Senior Key Account Manager in its London office. Rasmussen, a Danish national, has management and sales experience in the global maritime industry and speaks Danish, English, German, Norwegian and some Dutch and Greek. Rasmussen holds a degree from Copenhagen Business School and has completed various business courses at Management Centre Europe in Brussels and Cranfield University in the UK.
Suncor Questionaire Integrated for Ship Operators
Heidenreich Innovations LLC announced the completion of a project to integrate Suncor's vetting system with Q88.com's questionnaire system. Ship operators are required…
Dive Support Vessel Ocean Project Sold
Marcon International Inc. of Coupeville, Wash. announced the sale of the dive support vessel Ocean Project from Oceaneering International, Inc. of Houston, Texas to private South American interests. The Vanuatu-flagged Ocean Project (ex-Rambo, 0601, George E. Darby, Janie B, Cathy B, Nordic Offshore) was built in 1972 by Bel-Aire Shipyard, Ltd. of North Vancouver, British Columba, Canada as an offshore supply vessel and classed ABS +A1, Ice Class A, Towing Service, +AMS, Unrestricted.
Strategic Marine to Build Barge for Energy Sector
Perth-based ship building company Strategic Marine has won a contract to supply a 88.5-ft work barge to service the energy and resources sector in Western Australia's north-west. The vessel, being built for Karratha business Offshore Plant Hire, will be based in the Port of Dampier and be chartered to marine operations company Bhagwan Marine. It will service the areas around Dampier, Onslow and Barrow Island and be used primarily for port upgrades…
Keppel Acquires Stake in Dyna-Mac, Topside Module Fabricator
Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), has acquired a 27.77% stake (250,000,000 shares)…
This Day in U.S. Coast Guard History - March 2
1799- Congress authorized revenue cutter officers to board all ships of the United States within four leagues of the U.S., if bound for the U.S. and then search and examine them…
This Day in U.S. Naval History - March 2
1859 - Launch of Saginaw at Mare Island, first Navy ship built on West Coast of U.S. 1867 - Birthday of Civil Engineer Corps. 1899 - Act of Congress creates the…
