Euronav Completes Maersk VLCC Financing
In early January 2014, Euronav announced the acquisition of 15 Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. for a total acquisition price of $980 million (USD), the executive committee of Euronav NV now announce that it has issued a $235 million seven-year bond to the same investors who participated in the capital increase of January 13, 2014, and it has signed a commitment letter for a $500 million senior secured credit facility with DNB Bank ASA…
FMC Commissioner Doyle Announces China VAT Issue Webcast
New explanation issued from China on definition of “agents” in Circular 106. Industry briefing scheduled for March 6, 2014 concerning the latest information on China’s…
Jacquelin Named Willard Marketing Director
Willard Marine announced the appointment of Karen Jacquelin as director of marketing earlier today. Jacquelin will be responsible for leading Willard Marine’s product and brand marketing strategy, including all advertising, public relations and event marketing initiatives. She will be based out of the company’s corporate offices in Anaheim, Calif. Jacquelin brings more than 20 years of integrated brand advertising, marketing, and business development experience to Willard Marine.
Damen Patrol Vessel Deployed Offshore Nigeria
Homeland Integrated Offshore Services Limited (HIOSL) has taken delivery of a Damen FCS 3307 Patrol, to be deployed offshore Nigeria, in the next few weeks. Established in 2006, HIOSL serves the Nigerian oil and gas industry with a wide range of maritime, security and logistics services. The Lagos headquartered company has ambitious plans to become the leading marine logistics provider in the Nigerian offshore industry.
Ecospeed to Coat EXMAR Caribbean FLNG
In order to tap into Colombian stranded gas reserves, Pacific Rubiales Energy Corporation and EXMAR nv have partnered in a project to build and operate a floating LNG liquefaction, and storage unit, the Caribbean FLNG, which will be stationed at a jetty several kilometers off the Caribbean coast of Colombia for at least 15 years. In order to protect the hull of the Caribbean FLNG, keep it clean and…
Navigator of the Seas Gets Texas-Sized Makeover
Ship Features All-New WOWs, Including Royal Caribbean’s First-Ever Virtual Balconies, FlowRider Surf Simulator and New Dining Program. Royal Caribbean International’s Navigator of the Seas is primed to resume year-round service from Galveston, Texas on February 5, 2014, after completing a month-long drydock revitalization. Part of an extensive fleetwide program to enhance every Royal Caribbean’ ship…
IMTRA Forms Partnership with Vimar
IMTRA has announced that it has entered a distribution agreement with Vimar. Effective immediately, the award-winning importer and manufacturer of high quality consumer marine products, advanced LED solutions and integrated marine systems, will be the select distributor of the Italy-based company’s products in North America. Vimar manufactures stylish and innovative electrical equipment, automation systems, switches and wall plates for marine markets and commercial construction.
World’s Fastest Ferry Using SharpEye Radar
Kelvin Hughes, a designer and supplier of navigation and surveillance systems, announced that its SharpEye radar is now in continuous use on the world’s fastest ferry, operating between Argentina and Uruguay. Launched in Oct 2013 by the President of Argentina, Christina Fernandez de Kirchner, and operated by Buquebus of Uruguay, the ferry, named Francisco after the Argentinian-born Pope Francis, carries…
DNV GL Wins Statoil Contract for the North Sea
DNV GL U.K. has secured the third party ICP (Independent Competent Person) multimillion GBP contract, related to compliance with U.K. Offshore Regulations for the Statoil Mariner project. The award is the culmination of two years’ of project FEED support, assisting Statoil in developing Performance Standards and the Written Scheme of Examination (WSE) under the U.K. Offshore Safety Case Regulations for the Production Drilling Quarters (PDQ)…
Twin Trillium Class Bulkers Launched at Shipyard
On January 25, 2014, two newbuild Trillium Class bulk carriers were launched for Canada Steamship Lines Inc. (CSL) at Yangfan shipyard in Zhoushan, China. The 36,100-DWT, seaway size gearless bulkers are part of CSL’s ambitious fleet renewal program which oversaw the delivery of four new Trillium Class self-unloading Lakers and three Panamax self-unloaders in 2012-2013. The two new vessels are scheduled…
Carter Joins St. Lawrence Seaway Board
The St. Lawrence Seaway Management Corporation (SLSMC) announced that Gerald Carter has been appointed to its Board for a three-year term. He replaces Ralph Mercier…
Norwegian Private Equity Firms Target North Sea
Cash-rich Norwegian private equity firms are eyeing up potential North Sea acquisitions, encouraged by proven management teams and reasonable market prices, claims a leading energy expert. Rosalie Chadwick, a partner in legal firm Pinsent Masons, believes the Scots-Nordic alliance will be strengthened in 2014, echoing a number of investments in recent months, but it won’t be one-way traffic. “There is an increased confidence by Norwegian investors in U.K. oil and gas assets,” explained Chadwick.
Coast Guard Foundation Plans Community Center
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of Coast Guard members and their families, has announced its plans to build a community center in Sault Ste. Marie, Michigan. A top priority for the Coast Guard Foundation, the Sault Ste. Marie Community Center will give Coast Guard members and their families in the area an all-inclusive indoor recreation facility…
ACL Newbuilds for Mississippi and Columbia Rivers
American Cruise Lines (ACL) today confirmed it will be placing the first of four upcoming newbuilds on the Mississippi River, where it currently operates its newest riverboat…
Global Maritime Leaders to Convene in Dubai
Jannis Kostoulas, President Mare Forum visited to Dubai to review and discuss preparations for the upcoming First Mare Forum, Global Leaders Maritime Summit, Dubai 2014 to be held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai & Chairman of Dubai Executive Council. During his visit, Kostoulas inspected the venue and discussed topics relating…
GUARDIAN Rebranded under Guardian Maritime
The GUARDIAN brand of antipiracy barriers is restructured under a new company name. With immediate effect, GUARDIAN will now be provided by Guardian Maritime Limited. In taking their whole operation back in-house the original inventors and owners, David and Teresa Stevens, plan to further expand the company, adding to the team and increasing worldwide representation as well as further developing a range of additional antipiracy products.
Saltire Energy Invests £5M in Aberdeen
Saltire Energy has announced plans to expand its operations in Aberdeen following a £5 million investment in a 2.6-acre site in Badentoy, Portlethen. Planning permission has been secured for 4,650 sq. ft. of offices, a 12,500 sq. ft. warehouse and a 12,500 sq. ft. workshop on the new site with approximately 75,000 sq. ft. of additional open storage space. The company will retain its two existing facilities which are 10,500 sq. ft. and 22,550 sq. ft.
CTruk's Latest OWSV Completes Sea Trials
Experience gained from four years in the offshore wind support vessel market is paying off for CTruk as it prepares to deliver SC Falcon, the company’s latest OWSV and the second CTruk 20T MPC for Sima Charters of Holland. Sea trials for the striking blue and yellow-liveried cat, the first CTruk workboat with Volvo IPS propulsion, have produced some impressive statistics. With a 25 knot cruising speed and top speed of over 30 knots…
Shell’s Largest GoM Platform Starts Production
Shell has begun production from the Mars B development through Olympus, the company’s seventh and largest floating deepwater platform in the Gulf of Mexico. It is the first deepwater project in the Gulf to expand an existing oil and gas field with significant new infrastructure, which should extend the life of the greater Mars basin to 2050 or beyond. Combined future production from Olympus and the…
EnerMech Secures Eni Norge Lifting Contract
Eni Norge AS has awarded mechanical engineering group EnerMech a three-year frame agreement to provide lifting and inspection services on the Goliat FPSO project. EnerMech views the Norwegian oil and gas sector as a key growth area for its seven business lines and in 2014 will invest up to NOK 20.4 million (£2 million) in equipment and facilities to expand its market reach. The company employs 55 staff…
