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LNG: $93B Capex in 5 Years
The new Douglas-Westwood LNG report forecasts five-year facilities Capex will exceed $93 billion. A bright future is forecast for the LNG industry, as growing long…
WSS Wins Contract with KOTC
Wilhelmsen Ships Service (WSS) Kuwait has recently won a major contract to provide support to the Kuwait Oil Tanker Company (KOTC). KOTC is a subsidiary of Kuwait Petroleum Corporation (KPC)…
GE Wins $200M Petrobras Contract
GE (NYSE: GE) Oil & Gas has announced that its Wellstream business, acquired in March, has been awarded a long-term, flexible pipe and subsea equipment logistics…
ADM Papp Testifies on U.S. Coast Guard Security Capabilities
ADM Robert J. Subcommittee. capabilities. For more than 220 years, the U.S. Coast Guard has safeguarded the nation’s maritime interests and natural resources on our rivers and ports…
Emerging Markets Have Drillers in Deep Water
Speaking at the IADC World Drilling Conference in Copenhagen, Douglas-Westwood’s CEO, Andrew Reid, outlined the impact emerging markets will have on global drilling activity in the coming years.
Solstad Ships Dock at Gibdock
Norway’s Solstad Offshore has returned to Gibdock for the conversion and drydocking of the 84m long, 4500 dwt Platform Support Vessel Normand Vester. This follows the conversion of the Normand Trym and Normand Vibran at the Gibraltar yard, successfully completed for the same owner last year. While the Normand Vester project is similar in scope to these earlier conversions, there are some differences.
Teixeira Appointed VP Marketing, CMA CGM Group
CMA CGM Group is pleased to announce the appointment of Philly TEIXEIRA to the position of Vice President Marketing and Commercial Global Accounts of CMA CGM Group.
exactEarth Receives New Orders
exactEarth Ltd., a satellite AIS data services provider, announced that it has recently booked multiple orders for exactAIStm, its global vessel tracking and monitoring system.
UK Gas Industry Awards GL Noble Denton
GL Noble Denton has won the coveted Award for Innovation at this year's UK Gas Industry Awards, hosted by the British Institution of Gas Engineers and Managers (IGEM)…
Posidonia Sea Tourism Forum for Greece
The potential for sea tourism and its significance as a key factor in the development of the economies of Greece, the Eastern Mediterranean and the Black Sea region will be examined in depth during the Posidonia Sea Tourism Forum, scheduled to take place 21-22 June 2011 at the prestigious Onassis Cultural Centre in Athens. The forum will focus on three key areas of sea tourism: cruise shipping, the yachting industry and inter-island and passenger shipping.
This Day in U.S. Coast Guard History - May 27
1919-First Lieutenant Elmer F. Stone, USCG, piloting the Navy's flying boat NC-4 in the first successful trans-Atlantic flight, landed in the Tagus River estuary near Lisbon, Portugal on 27 May 1919.
Topaz Expansion to West Africa
Topaz Energy and Marine (‘Topaz’), a leading oilfield services group, has secured a two vessel contract offshore Nigeria for the duration of 2011. The award constitutes a new market entry for Topaz in the strategically important and buoyant West African offshore sector. Topaz has mobilised two Anchor Handling Tug Supply Vessels (AHTSV), Topaz Johor and Topaz Jurong, for an eight month contract to support operations in the Atlas…
Hamburg Süd, Maersk Line Second Sling to Asia
After reducing their joint Asia – South Africa/South America East Coast Service in the slack season to one sling, Hamburg Süd and Maersk Line will again be adding a second sling to their service concept with effect from July 2011. With this move, the service partners wish to further improve their service quality and take account of heightened demand in the peak season in this trade. The two slings…
Raytheon Anschütz wins IBS for Namibian Research Vessel
The German navigation system supplier Raytheon Anschütz was recently awarded a contract for the delivery of an integrated bridge and navigation system for a Fisheries Research Vessel…
Raytheon Anschütz IBS for Namibian Research Vessel
The German navigation system supplier Raytheon Anschütz was recently awarded a contract for the delivery of an integrated bridge and navigation system for a Fisheries Research Vessel, newbuilding 1378 at STX Finland. The 62 meter long vessel is being built at STX Finland Rauma shipyard and will be owned by the Ministry of Fisheries and Marine Resources of the Republic of Namibia. STX Finland has again selected Raytheon Anschütz to deliver the integrated bridge and navigation system…
Deep Down Reports Q1 2011 Results
Deep Down, Inc. (OTC Bulletin Board: DPDW) (“Deep Down” or the “Company”), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced a net loss of $1.8 million for the first quarter of 2011, an improvement of $0.7 million, or 28%, over the same period in 2010. For the first quarter of 2011, Deep Down reported a net loss of $1.8 million…
Champion Technologies Wins First West Africa Deepwater Contract
Specialist oilfield production chemicals company Champion Technologies has secured its first deepwater chemical management services contract in West Africa in an eight-figure deal over five years. The work involves a full suite of chemicals and associated support services for Noble Energy’s Aseng Field Development project in Equatorial Guinea, West Africa . The company plans to build a base in Luba’s Freeport Zone which will include office space…
Bourbon Q1 2011 Revenues
Bourbon reported that the recovery expected in the 4th quarter of 2010 was confirmed In the 1st quarter of 2011. Q1 2011 revenues up 23.8% year-on-year up 6.4% over the previous quarter.
Keppel to Build Repeat Jackup Rigs Worth $772M
Latest contracts boost value of new orders secured year-to-date to over S$6.4 billion. Keppel FELS Limited's (Keppel FELS) returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled between 2H2013 and 1H2014. Standard Drilling ordered its first jackup rig from Keppel FELS in November 2010 with two options.
Wilhelmsen Holding Q1 2011 Results
Wilh. Wilhelmsen Holding ASA (WWH) delivered a substantial increase in operating profit year over year backed by a rebound in its shipping activities. WWH posted an operating profit of USD 57.7 million for the first quarter of 2011, up 31% from USD 44.0 million in the similar quarter of 2010 (corresponding period of 2010 hereafter in brackets). Total income amounted to USD 753.2 which is up almost 18% from 2010 (USD 639.7 million).
Maritime Piracy in the Horn of Africa:
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
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
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
