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CGG Nets Quartet of BroadSeis-BroadSource Marine Contracts
French Firm CGG announced today that it has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology.
Sea Trucks Signs $130m Facility for Offshore Newbuild
Sea Trucks Group Limited, an international oil and gas marine contractor with a track record in the key oil and gas producing regions, particularly West Africa, announced a $130 million facility to finance the completion of Jascon 18 has been signed. Jascon 18, a 150-meter DP3 multipurpose construction support vessel, will continue the final stages of outfitting at the Kwong-Soon shipyard in Singapore where work on the accommodation blocks…
MN 100: Reintjes GmbH
President: Dr. Reintjes GmbH is an independent propulsion technology company that manufactures 1,300 gearboxes per year at its headquarters in Hamelin. More than 90,000 units have been supplied to customers worldwide. Over time, Reintjes has expanded its product portfolio of marine gearboxes for engine ratings from 250-30,000 kW. Its maritime applications include dredging gearboxes and step-up gearboxes as well as complex system solutions such as pod drives and hybrid drives.
Offshore Oil Drilling Market to Suffer through 2015
A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday. Rig rates have fallen sharply over the past 18 months as oil companies cut capital spending, saving cash for dividends, just as dozens of brand new offshore rigs ordered during the boom times hit the seas, creating overcapacity.
Damen Launches First PSV 3300 for PROMAR
Offshore ship manager PROMAR recently marked a milestone with the sideways launch into the Danube of the first of its two Damen PSV 3300s on order. On delivery in February 2015, the Swiss company believes the 80-metre Mamola Reliance will give them a valuable competitive edge in the West African oil and gas market. On September 4, Damen Shipyards Galati launched the PSV 3300 Mamola Reliance at an official ceremony at the yard in Romania.
Brent Crude Hits 16-month Low Under US$99
Brent crude dropped to a 16-month low under $99 per barrel on Wednesday, stretching its losses into a fifth session amid continued worries about rising supplies and weak global demand.
Support for Indian Shipbuilding Industry : Exim Bank Study
The development of a successful shipbuilding sector has been pivotal to the rapid and robust economic development in most countries in the world with long coastal boundaries.
ZF Marine Makes a Strong Towboat Thrust
When German industrial manufacturing giant ZF bought Holland Rudder Propeller nearly five years ago, it was a strategic addition to its ZF Marine portfolio that is now reaping big rewards as it is enjoying strong penetration of its azimuth thruster systems in the U.S. towboat market. Maritime Reporter & Engineering News visited with Frank van der Vegt, Sales Manager, Commercial Craft Thruster Systems, at the ZF Marine Krimpen B.V. factory in The Netherlands for an update.
GDP v TEU: DMR Analyses the Interplay
The strength of first-half 2014 container flows from Asia to Europe flies in the face of the macro-economic data coming out of Europe, says Drewry Maritime Research…
Increased Drug Trafficking in Indian Ocean Needs Action
Heroin from Afghanistan is increasingly trafficked through the Indian Ocean and more international action is needed to prosecute smugglers on the high seas, the…
South Africa Wants to Resume Iran Oil Imports
South Africa wants to resume oil imports from Iran, once its biggest supplier, and hopes to resolve "sanction issues" that have blocked purchases within the next three months…
Finding Wheat Buyers Proving a Challenge for Britain
Britain's wheat crop is on track to be its highest in at least six years, ensuring the country's return as a net exporter after a two-season hiatus, but selling…
Areva in Steam Generators Contract in S. Africa
France's Areva said on Saturday it sealed a contract worth around 300 million euros with South African utility Eskom to replace steam generators at the Koeberg nuclear power plant, near Cape Town.
IMO Joins International Ebola Task Force
The International Maritime Organization (IMO) informs it has joined the international ad hoc Ebola Travel and Transport Task Force and is working with other United…
UN to Set Up Ebola Crisis Center
The United Nations will soon set up an Ebola crisis center to coordinate the response to the deadly virus and to strive to halt its spread in West African countries within six to nine months, U.N.
Saudi Aramco CEO Points to Energy Future
Speaking at this year’s Offshore Northern Seas (ONS) Conference and Exhibition, Khalid A. Al-Falih, Saudi Aramco president and CEO, addressed the challenges facing…
AMSA Issues Ebola Virus Advice
The Australian Maritime Safety Authority (AMSA) issued a notice to shipowners and ship operators regarding the recent outbreak of Ebola virus in West Africa. The…
Oil Inventories Higher, Crude Demand Lower: PIRA
NYC-based PIRA Energy Group reports that oil inventories are higher and crude demand is lower. In the U.S., stock surplus to last year is roughly flat. In Japan, crude stocks draw amid peak run rates.
Floating Production Roundup: August 2014
There are 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 64% of the existing systems, 79% of systems on order. Production semis, barges, spars and TLPs comprise the balance. Total oil/gas inventory is the same as last month – but two units on order last month (N’Goma FPSO and Delta House Semi) were completed and are now in the active inventory. Another 29 floating LNG processing systems are in service or on order.
Bourbon Posts Weak First Half Results
Bourbon published its first half results for 2014, recording adjusted revenues up 8.9% at constant rates, reflecting an increase in the size of the fleet, despite a lower utilization rate (adjusted revenues increased 1.5% at current rates). Adjusted EBITDAR as a percentage of adjusted revenues, remained at a stable level of 34.4% following good cost control over the period, while adjusted EBIT decreased more than 50% largely due to €41.8 million increase in bareboat charter costs year on year…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
