Lamprell Sells Services Division to Pay Down Debt
Reuters - Dubai based rig-maker Lamprell said on Monday it sold its International Inspection Services (INSPEC) division to Intertek for $66.2 million to reduce its debt and focus on its core business.
STX Offshore Wins $388M Order for 8 Tankers
Reuters - South Korea's STX Offshore & Shipbuilding Co Ltd said on Monday it won a 413.8-billion won ($387.63 million) order to build eight tankers from from Navig8 Product Tankers Inc.
Today in U.S. Naval History: March 3
Today in U.S. 1776 - First amphibious landing operation. Continental naval squadron under Commodore Esek Hopkins lands Sailors and Marines, commanded by Captain Samuel Nicholas…
Coal Prices Jump on Russian Gas Cutoff Fears
Reuters - European physical coal prices rose on Monday along with gains in gas, power and crude oil markets across the region, reflecting escalating tensions between Russia and Ukraine.
Pacific Rubiales Tenders to Sell Castilla Crude
Reuters - A unit in Colombia of Toronto-based oil firm Pacific Rubiales launched a tender to sell two 1-million-barrel cargoes of heavy Castilla crude for delivery in April…
Ukraine Crisis Pushes up Gold, Oil, Grains
Gold, crude oil and grains surged on Monday while industrial metals slid as investors reacted to escalating tensions between Moscow and Kiev after the Russian military…
Boskalis Acquires Fairmount Companies
![Photo courtesy Boskalis](https://images.marinelink.com/images/maritime/w100h1500/photo-courtesy-boskalis-23923.jpg)
Royal Boskalis Westminster N.V. (Boskalis) announces that it has reached an agreement to acquire Fairmount Marine B.V. and Fairmount Ocean Towage Company B.V. (Fairmount) from the French group Louis Dreyfus Armateurs. The transaction values the company at an average multiple of approximately six times EBITDA. Fairmount is a global provider of long distance ocean towage services operating five 205 metric tons bollard pull towing vessels with anchor handling capabilities.
Sovcomflot Takes Delivery of Dual-Fuel Power
![Sovcomflot’s Velikiy Novgorod LNG carrier](https://images.marinelink.com/images/maritime/w100h1500/sovcomflots-velikiy-novgorod-lng-carrier-23922.jpg)
Sovcomflot, Russia’s largest shipping company, has taken delivery of its latest LNG carrier, the Velikiy Novgorod, from South Korea’s STX Offshore & Shipbuilding. The ship is equipped with a diesel-electric, dual-fuel propulsion system consisting of 2 × MAN 8L51/60DF and 2 × MAN 9L51/60DF engines, offering a total rated power of 34 MW, which were constructed at MAN Diesel & Turbo’s Augsburg plant in Germany.
WRS Named a Best Company to Work For
Worldwide Recruitment Solutions (WRS), a recruitment company specializing in talent acquisition across the oil and gas, mining, marine and power sectors globally…
Students Asked to Name One of Canada’s Largest Cranes
![Rendering courtesy Seaspan](https://images.marinelink.com/images/maritime/w100h1500/rendering-courtesy-seaspan-23926.jpg)
From March 3-14, 2014, Seaspan is calling on all Grades 4-7 students in NVSD, to put their thinking caps on, come up with their one best idea in two words or less, and help cement their spot in the history of Vancouver Shipyards. “The arrival of our new 300-metric-ton Gantry Crane marks a major milestone in Seaspan’s Shipyard Modernization Project and the future of the North Vancouver community as a whole,” said Brian Carter, President of Seaspan Shipyards.
Murray Selected to Lead ICoTA
![Kelly Murray and Andrew Louden (Photo courtesy ICoTA)](https://images.marinelink.com/images/maritime/w100h1500/kelly-murray-and-andrew-louden-23918.jpg)
Oil and gas industry body, the Intervention & Coiled Tubing Association (ICoTA) European Chapter, has appointed Former vice-chair Kelly Murray as the new chair and vice-chair. Murray will be the first women to take the helm as chair of the organization in the chapter’s 20-year history, while fellow committee member Andrew Louden has been appointed as the new vice-chair. Murray becomes chair after spending…
Port of Pittsburgh Seeks Technology Testers
The Port of Pittsburgh Commission seeks local companies and individuals to participate in its Wireless Waterway (WW) Interoperability Test Bed (ITB) the week of June 15, 2014.
Keppel to Build Jackup for China Waters
![The robust KFELS N Plus jackup design is an enhancement of Keppel’s proprietary KFELS N-Class design (pictured), three of which are already in operation.](https://images.marinelink.com/images/maritime/w100h1500/the-robust-kfels-n-plus-23950.jpg)
Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has secured a contract from TS Offshore Limited (TS Offshore), to construct an ultra-high specification jackup rig worth approximately $500 million. Scheduled for delivery in the first quarter of 2017, the jackup will be the first built to Keppel's new proprietary KFELS N Plus design. With its leg measuring 678 feet or about 68 stories tall…
DNV GL Opens Laboratory in Singapore
![Photo: DNV GL](https://images.marinelink.com/images/maritime/w100h1500/photo-dnv-gl-23933.jpg)
DNV GL opened a new laboratory in Singapore which it said aims to deliver innovative and integrated solutions for the marine and offshore industries. The laboratory was officially opened on March 1, 2014 by Norway’s Foreign Minister H.E. Borge Brende and DNV GL Group Executive Vice President Remi Eriksen. Driven by recent deepwater-technology developments, the laboratory has been increasingly involved in challenging projects aimed at providing integrated solutions through testing…
Rig Decommissioned in Gomez Field
![](https://images.marinelink.com/images/maritime/w100h1500/-23912.jpg)
Acteon company InterMoor completed decommissioning operations of the Innovator platform in the Gulf of Mexico’s Gomez field, Mississippi Canyon Block 711. Conducted in water depths of 910 meters, the scope of work involved disconnecting 10 risers/umbilicals; disconnecting 12 mooring lines and then towing the Innovator to Ingleside, Texas. InterMoor said it developed special procedures for disconnection and towing…
ISS–Tositti Expands Presence in East Adriatic
ISS-Tositti, the joint venture formed at the beginning of 2005 between the independent marine services organization, Inchcape Shipping Services (ISS), and Venice-based Tositti & C.…
RS Promotes QMS Certification Services
Russian Maritime Register of Shipping (RS) said it has certified the Caspian Sea Oil Fleet quality management system for compliance with the requirements of ISO 9001:2008…
DW: Prelude to a $60B FLNG Growth Story?
![Photo: Shell](https://images.marinelink.com/images/maritime/w100h1500/photo-shell-23914.jpg)
Following first steel cutting in late 2012, Shell’s Prelude Floating Liquefied Natural Gas (FLNG) unit continues to take shape in Samsung’s Geoje shipyard in Korea, Douglas Westwood (DW) said in its Monday report. At 488 meters long by 74 meters wide and with an LNG processing output of 3.6 million metric tons per annum (mtpa), its specifications are impressive; but what DW said is perhaps more interesting is that the Prelude unit has the potential to be a gamechanger…
Russian Markets Hit as Putin tightens Grip on Crimea
Moscow stocks fall 10 pct, rouble down 2.5 pct over war jitters. Ukraine border guards say build-up of Russian armoured vehicles near Crimea. EU ministers meet but no immediate sanctions expected.
North P&I, Sunderland Merge to Form North Group
North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014…