Brazil’s Offshore ‘Whale Park’ a Key Maersk Oil 2013 Project
The ‘Whale Park’ complex of oil fields, located just north of Itaipu and Wahoo, offshore Brazil, illustrate the quality of the Brazilian presalt in this area, and here Maersk Oil say they have secured access under legacy terms with significant value potential. Maersk Oil explain that they entered Brazil in 2001 and since then have expanded their footprint in the offshore Campos Basin through licensing rounds and acquisitions.
Kongsberg Demonstrate Powerful Compact Multi-beam Sonar
At the Muiderzand marina in The Netherlands, Kongsberg customers gathered for a working demonstration of the EM2040 Compact multibeam system on board the survey vessel ‘Havenschap 1’. The Havenschap 1 is equipped with a moon-pool mounting configuration to accommodate the EM2040C single sonar head together with a dual frequency single beam transducer; a proven concept and easy to install. The demonstrations took place over different areas including…
Taiwan’s Wisdom Shipping: London’s Largest Asian IPO to Date
Wisdom Marine is one of the largest bulk ship owners in Taiwan with a market capitalisation of US$490-million, which represents the largest Asian IPO by market capitalisation in London to date in 2013, say law firm Proskauer . It is also the first company in the region to issue GDRs on London’s Main Market. Global law firm Proskauer advised Wisdom Marine Group in its initial public offering of Global Depositary Receipts (GDRs)…
Vietnam Shipping Firm Corruption Trial Opens
The Hanoi People's Court in Vietnam's has opened a three-day hearing of the corruption charge against former chairman of Vietnam's National Shipping Lines (Vinalines) Duong Chi Dung and 9 others…
Diamond S. in CarVal Investment Fund Product Tankers Deal
Diamond S Shipping Group inform they have acquired three modern medium-range clean product tankers from funds managed by CarVal Investors. In the transaction, a group of funds managed by CarVal became a significant investor in the Diamond S clean product tanker business, and Ranjit Ahluwalia, managing director of CarVal, joined the Diamond S Board of Directors. Founded by Cargill Inc. in 198, CarVal Investors is a global investment fund manager. “With refined product exports from the U.S.
Huge Offshore Turbine Blades Arrive at Test Center
Manufacturers Vestas have sent three 80-meter blades for what they describe as the world's most powerful offshore wind turbine, Vestas V164-8, to the Danish National Test Center for large wind turbines in Østerild. The arrival of the blades means that all essential parts for giant turbine now in place at the test center, and the unit is expected to deliver its first power in early 2014. The blades were manufactured in the Isle of Wight…
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