Statoil: Gudrun Officially Opened
Norwegian prime minister Erna Solberg officially opened the Gudrun platform in the North Sea today, 19 August. This is the first new Statoil-operated platform on the Norwegian continental shelf (NCS) since Kristin in 2005. Gudrun is the first in a long line of new field developments operated by Statoil, and therefore it represents a new era on the NCS. The next in line is Valemon, which is scheduled for start-up later this year.
Turkish Shipbuilder to Send Floating Power to Gaza
Turkish shipbuilder Karadeniz Holding plans to send an electricity generating vessel to Gaza to provide urgently needed power in the enclave left reeling by an Israeli…
Maersk Buying Back Shares, Earnings Up
Shares rise 5 pct after improved guidance, better quarter than expected. Maersk indicates more buybacks after first in its history. Efficiency, cost savings boost Maersk Line compared to rivals.
Maersk Raises Post-Q2 Financial Outlook
Danish shipping and oil group A.P. Moller-Maersk reported a second-quarter net profit above forecasts thanks to better profits in its container shipping business Maersk Line.
Private Equity Knocks on Shipping's Door
Shipping is currently attracting a great deal of interest from investors in the private equity sector, according to UK-based accountants Moore Stephens, members…
Swiber to Fly Mexican Flag on 4 More OSVs
Singapore-based Swiber informs it will hoist the Mexican flag on another four vessels in its fleet, comprising one derrick pipelay barge and three anchor handling tug / supply vessels (AHTs).
New Book 'Rough Waters' Mingles Fact & Fiction
Throughout his 81 years of life, Doctor Jac has survived cancer, a stroke, open-heart surgery and the death of his son, all while remaining active and successful in business.
Scorpio Tankers' Latest Newbuilding News
Scorpio Tankers Inc. says it has reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at SPP Shipbuilding Co., Ltd. of South Korea.
Liquiline to Construct Denmark's First LNG Bunker Terminal
Liquiline says it has entered into a contract with Fjord Line to design, construct and commission an LNG ship bunkering terminal for Fjord Line AS at the Port of Hirtshals, Denmark.
Navy Divers Note USS Houston Grave Site Disturbance
U.S. Navy underwater archeologists, in conjunction with Indonesian Navy divers, have assessed in an interim report that the wrecked vessel surveyed in the Java Sea…
First Grain Shipload Leaves ADM Brazil Port
The first loaded vessel has departed Archer Daniels Midland Company’s (ADM) new export terminal in Barcarena, in the northern Brazilian state of Pará. ADM explains…
