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New Members, Deepwater Horizon Board
Deepwater Horizon Joint Investigation Co-Chairs J. David Dykes (Bureau of Ocean Energy Management, Regulation and Enforcement) and Captain Hung Nguyen (U.S. Coast Guard) announced that U.S.
Evaluating the Floating Production Market 2010-2015
Over the next few years, Douglas-Westwood forecasts a strong increase in FPS expenditure, driven by a surge in installations. Findings from the latest edition of our World Floating Production Market Report indicate that more than 100 Floating Production Systems (FPSs) will be installed worldwide over the next five years. This represents a total global value of approximately $45 billion and around a 20% increase on the previous five years.
30 TORO Crew Transfer Capsules Around the Globe
Reflex Marine has sold 30 TORO crew transfer capsules across offshore Asia-Pacific, Europe, North and West Africa, Australia and America. Most of the units are being utilized by major international oil and gas operators, however, the company has also entered the renewables sector, selling four capsules for use on wind turbine installation barges. While Reflex Marine’s range of crew transfer capsules are an accepted and established method of crew transfer in the oil and gas industry…
Talbert, Toma & Bobillier Join Transocean Board
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that the Board of Directors has named J. Michael Talbert as non-executive Vice Chairman of the Board, Arnaud A.Y.
Iridium Reports Strong Growth in Q2
Iridium Communications Inc. (Nasdaq:IRDM) reported financial results for the quarter ended June 30, 2010. The following reflects the results of Iridium Communications Inc.
MV Syria Star Hijacked in Gulf of Aden
During the afternoon of 5 Aug 2010, the MV Syria Star reported that she was under attack from pirates who had climbed onboard and fired shots at the crew. Helicopters were immediately dispatched to the vessel and tried to establish communications with the Syria Star, which had stopped in the water. They found an abandoned skiff nearby, containing fuel and ammunition. When warships arrived on the scene shortly after…
Signet Acquires Colle Towing
Signet Maritime Corporation, a marine transportation and logistics company, continues to grow with their recent purchase of Colle Towing Company’s assets and business operations. Since 1878, Colle Towing Company Inc., Pasacagoula MS has been providing offshore, harbor and intracoastal marine towing on the Mississippi Gulf Coast. Assets and personnel in Pascagoula will begin operations immediately under the new name, Colle Maritime Company, a Division of Signet Maritime Corporation.
This Day in Coast Guard – July 13
2001- CGC Sherman became the second cutter to circumnavigate the globe when she returned to the United States from a six-month deployment to the Arabian Gulf in support of U.N. operations.
Saipem Wins $1B Offshore Deal
Saipem has been awarded new offshore contracts worth over 1 billion euro. The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present…
Main One Cable Goes Live
Main One announced that its 1,920 Gbps, 7,000 km long, submarine fibre optic cable system linking West Africa to Europe has been completed and commissioned. With…
Financing Offshore Ventures in Today’s Economic Climate
Regardless of today’s economic and financial reality, wealth creation and oil prosperity go hand in hand. While the medium to long term prospects are good, it is…
Iridium Expands with South African License
Iridium Communications Inc. (Nasdaq:IRDM) announced the establishment of Iridium South Africa, under which Iridium has licenses to operate, provide and sell mobile…
Judge Lifts Drilling Ban ... but Will it Last?
While offshore drillers, service and product suppliers received a bit of good news when U.S. District Judge Martin Feldman's ruled yesterday to remove the Obama Administration’s six-month moratorium on offshore drilling, questions regarding how quickly operations will return to normal are still up in the air, as according to the Wall Street Journal the administration vows to fight the decision. "Judge…
EnerGulf Update Block 1711 Offshore Namibia
EnerGulf Resources Inc. announced that the Operating Committee for Block 1711 met in Windhoek, Namibia and has approved a "Work Program" for Year 1 of the Exploration License renewal.
Global Boat Transportation Alliance
PSP, which provides worldwide freight forwarding, express courier services and packing as well as boat transportation, is launching a global boat transportation alliance to give its customers a seamless global service. The company has chosen firms in Germany, Italy, Spain, India, South Africa, China, Dubai, Australasia, the USA and Antigua to join the affiliation. By creating an alliance, PSP will be able to strengthen its position within the market…
Southern African Shipyard Eyes Nigeria
According to a report from the Daily Independent, a delegation of Southern African Shipyard (SAS), the biggest shipbuilding firm in South Africa wishing to establish a shipyard in Nigeria…
WIL Lines Opens Home Base in Tripoli, Libya
WIL Lines, a worldwide logistics integrator with offices throughout the U.S., Africa, Middle East and Europe, recently opened its Libyan office in the capital, Tripoli.
Thomas Miller Helps Renovate of Africa’s Oldest Ship
Believed to be the oldest ship still afloat in Africa, the 124.6 ft long motor ship Chauncy Maples is to be renovated as a floating clinic to bring primary health care to half a million of the world’s poorest people living around Lake Malawi. The necessary funds are now being raised by the Oxford-based Chauncy Maples Malawi Trust with considerable support from Thomas Miller, a London-based specialist insurance company…
Cosalt Offshore’s New Lifeboat Division
Cosalt Offshore, a provider of lifting, tooling and marine services to the oil and gas industry, has invested more than $1.4m in developing its lifeboat division to underpin future expansion plans. The division is adjacent to Cosalt Offshore’s Bridge of Don premises and includes 3,000 sq ft of dedicated workshops, a service centre and store rooms, along with a one-acre yard. Along with the significant expenditure on infrastructure…
MLL Welcomes Aboard 50 Cadets This Summer
Maersk Line, Limited (MLL) and Farrell Lines, a subsidiary of MLL, will provide sailing opportunities this summer to 50 Cadets of U.S. maritime academies. The Cadets…
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
