Sonardyne Receives SPRINT Order From Saipem
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Sonardyne International Ltd. has received an order valued at over £2.1 million from international oil and gas turnkey contractor Saipem. The order includes six SPRINT systems and associated acoustic positioning equipment, making it Sonardyne’s largest sale of acoustically aided inertial navigation technology to date. SPRINT (Subsea Precision Reference Inertial Navigation Technology) will be deployed in April in the West Delta Deep Marine concession (WDDM).
Bibby Offshore Announces Singapore Charter Agreement
![Bibby Offshore’s NOR Spring (Photo: Bibby Offshore).](https://images.marinelink.com/images/maritime/w100h1500/bibby-offshores-nor-spring-photo-8214.jpg)
Subsea installation contractor Bibby Offshore has announced a three-year bareboat charter agreement with Solstad Offshore Asia Pacific Ltd. for the NOR Spring, a DP2 (Dynamic Positioning) Anchor Handling Support Vessel (AHSV). The deal has been struck by Bibby Offshore’s Singapore operation, Bibby Offshore Singapore Pte Ltd. The NOR Spring represents a multi-million dollar investment by Bibby Offshore and becomes the fifth vessel in the fleet.
MOL (America) Inc. Announces March KPI Results
Lombard, IL – MOL (America) Inc. has announced the March, 2012, results of its Regional Key Performance Indicators (KPI) in the following categories: operations…
Stewart Group Paves Way for Further Growth
![The Stewart Group’s management includes (from left to right): Director Andrew Miller, Non-Executive Chairman Bill Budge and Managing Director Paul Love. (Photo: The Stewart Group)](https://images.marinelink.com/images/maritime/w100h1500/the-stewart-groups-management-includes-8213.jpg)
The Stewart Group, an international shipbroker, has underpinned its growth plans by relocating to new premises in Aberdeen which triple its office space. The established business, which currently has 12 people based in the city, as well as a further 14 at offices in London, Houston, Cape Town and Ghana, now has space for 26 staff following a move to the multi-million pound City Wharf development on Shiprow.
Drewry and CargoSmart Deliver New Container Key Performance Indicators
London – Drewry Maritime Research and CargoSmart Limited have entered into a cooperation agreement which will introduce a wider range of container Key Performance…
Another Challenging Year in Global Shipping: Hamburg Sud
![Overcapacity and high fuel costs led to a decline in freight rates in 2011 (Photo: Hamburg Sud).](https://images.marinelink.com/images/maritime/w100h1500/overcapacity-and-high-fuel-costs-8212.jpg)
Following the powerful recovery of the world economy in 2010, the reporting year saw global growth continuing with slightly lower dynamics. Shipping reaped the benefit in the shape of rising volumes. However, the downward pressure on revenue as a result of increasing overcapacity and a significant rise in costs, especially of fuel, posed problems for ship operators. The year 2011 was marked by the debt crisis in Europe, the weakness of the U.S.
OW Bunker Launches Global Marine Lubricants Division
![Stathis Grafakos (Photo: OW Bunker).](https://images.marinelink.com/images/maritime/w100h1500/stathis-grafakos-photo-ow-bunker-8211.jpg)
The company has started cooperation with leading brands in Marine Lubricants to provide a full range of lubricant grades to customers, and will look to target further sales to specific target prospects on a worldwide basis. The Marine Lubricants Division will be headquartered in Piraeus, and led by Stathis Grafakos, who has years of experience in the lubricants business. Further offices will be rolled out on a global basis over the coming months.
CNOOC Confirms Oilfield Find
CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that the Company has successfully appraised the Penglai(PL)9-1 hydrocarbon bearing structure following the discovery made in 2010.
GPS Systems Integration Milestone Reached
Raytheon Company and Lockheed Martin successfully completed the first significant integration milestone between Raytheon's Global Positioning System (GPS next…
Dredging – Boskalis Wins Large Australian Contract
The Ichthys development revolves around the construction of a new 42-inch deep sea natural gas pipeline from the Ichthys field in the Browse Basin 880 kilometers to Darwin onshore.
US DP Training Lab Launches NI Accredited Course
![MPT DP Lab: Photo courtesy of MPT](https://images.marinelink.com/images/maritime/w100h1500/mpt-dp-lab-photo-courtesy-8210.jpg)
Fort Lauderdale based Maritime Professional Training (MPT) has announced accreditation from The Nautical Institute as a Dynamic Positioning (DP) Training facility, joining authorized organizations both in the U.S. and worldwide to offer training in this specialized maitime skill. The inaugral course began recently. MPT has completed installation of a state-of-the-art DP training lab utilizing Marine…
Unmanned Undersea Minehunter Model Displayed
Representatives from the U. S. Navy's Program Executive Office, Littoral Combat Ships Unmanned Maritime Systems Program Office and General Dynamics unveiled a…
Raytheon Delivers US Fleet's First Dual Frequency Sonar
Raytheon Company completed delivery of the electronics for the AN/SQQ-90 tactical sonar suite, the complex sonar for the first ship of the U.S. Navy's DDG 1000-class multimission destroyer.
US Aircraft Carrier – Modular Structure 75% Complete Say HII
![Photo credit: HII](https://images.marinelink.com/images/maritime/w100h1500/photo-credit-hii-8209.jpg)
Huntington Ingalls Industries announce structural production of aircraft carrier 'Gerald R. Huntington Ingalls Industries has announced that structural production of the aircraft carrier Gerald R. Ford (CVN 78) is 75 percent complete. The lead ship in the new class of carriers has been under construction at the company's Newport News Shipbuilding (NNS) division since November 2009. It is on track to meet its scheduled launch in 2013 and delivery to the U.S. Navy in 2015. Gerald R.
Container Ship 'Rena' Wreck Update
![Container ship 'Rena': Photo credit MNZ](https://images.marinelink.com/images/maritime/w100h1500/container-ship-rena-photo-credit-8208.jpg)
Maritime New Zealand (MNZ) has charged the owner of the cargo vessel Rena, following the ship's grounding on Astrolabe Reef off Tauranga on 5 October. An over flight by MNZ noted damage to the forward section bulkhead between No 2 and No 3 hold. It was evident that the bulkhead on the port side had failed and was open to the sea. This is expected given the gradual deterioration of the wreck and its exposure to the elements. Debris from Rena has washed ashore at Tairua, in the Coromandel.
Boat Owners Urged to 'Spring-clean' Navigational Charts
The Alliance for Safe Navigation, whose mission is to raise awareness about the importance of up-to-date navigational information, today released a list of resources…
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