Northrop Grumman Corporation (NYSE: NOC) reported that second quarter 2009 earnings from continuing operations totaled $394 million, or $1.21 per diluted share, compared with $483 million, or $1.40 per diluted share, in the second quarter of 2008. Second quarter 2009 net pension adjustment (FAS/CAS)
Minerals Management Service (MMS) Director Liz Birnbaum today highlighted the 20th anniversary of the MMS Gulf of Mexico Region’s Unannounced Oil Spill Drill Program. The first unannounced drill with an offshore oil and gas operator in the Gulf was held on July 25, 1989.Since the first unannounced drill,
Seacor Holdings Inc. (NYSE: CKH) announced net income attributable to its stockholders for the second quarter ended June 30, 2009 of $42.3 million, or $1.91 per diluted share, on operating revenues of $389.2 million. For the six months ended June 30, 2009, net income attributable to SEACOR Holdings Inc.
Tsakos Energy Navigation Limited (NYSE:TNP) announced a fixed rate time charter starting this week for the 2006-built double hull Aframax product tanker Promitheas for up to six months. Prior to this charter the vessel operated in the spot market. With the addition of this new time charter,
On June 20, Technip, supported by Jumbo Offshore, completed the installation of four subsea structures including two Module Support Frames each weighing approximately 150 tonnes. The foundations were lowered to the Grand Banks sea floor at a depth of approximately 120 meters and will support subsea
According to a July 20 report from Bloomberg,Premier Oil Plc, the U.K. explorer operating in Europe, Asia and Africa, bought Delek Energy Systems Ltd. out of an offshore project in Vietnam. (Source: Bloomberg.com)
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) agreed to circulate, via MEPC circulars, a package of interim and voluntary technical and operational measures to reduce greenhouse gases (GHGs) from international shipping and a work plan for its further
Cut Artist's-impression-MGT_webPD Ports, the owner of Teesport, welcomes the Government’s decision to approve MGT Power’s 295 megawatt (MW) wood fuelled power station which is to be built on the South Dock area of the port. One of the largest biomass plants set to be built in the UK,
Bisso Marine, a provider of energy and maritime support services, successfully launched three vessels in two recent projects.Using the D/B Cappy Bisso, a Bisso Marine crew of six launched the M/V Yellowfin and the M/V Bluefin in Lockport, La. The two ocean-going tugs each weighs 520 tons.
Smiths Detection announced a $10.6m U.S. Government contract for its mobile, high-energy cargo screeners which will be deployed across the country to inspect inbound and outbound shipping containers and trucks.The HCV Mobile inspection vehicles use high-energy X-ray scanning designed to optimize security checks at ports,
In the cruise industry, environmental protection is much more than a niche subject. Shipping companies, ship yards, suppliers and ports are working hard to optimize their eco-balance and consequently improve their competitiveness in terms of economics and public acceptance. At Seatrade Europe,
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIPW) announced that it has entered into an agreement with Constellation Bulk Energy Holdings, Inc. to acquire Seller's 50% ownership interest in Bulk Energy Transport (Holdings) Limited for a nominal cash consideration. The remaining 50% of BET is owned
With Crowley's vessel construction boom in full swing, shipyard employees, Crowley personnel and distinguished guests paused this weekend to welcome the newest heavy-lift deck barge to the Crowley fleet - the 455-6 - sixth in a series of heavy-lift deck barges slated to be built and put into service by 2013.
Tsakos Energy Navigation Limited (“TEN”) has announced a three-year time charter with profit sharing for the 2007-built double-hull suezmax tanker Arctic. The charter, which began this month, is structured with a minimum rate and a 50/50 profit share up to an agreed maximum rate. The gross proceeds from the charter,
Superior Energy Services has relocated two of its facilities to better serve the oil and gas industry operating in and along the Gulf Coast. The company’s Marine Services Division and Concentric Pipe and Tool Rentals operations are now in New Iberia, La.Superior’s Marine Services Division,
The Senate Commerce, Science, and Transportation Committee approved legislation sponsored by Sen. Frank R. Lautenberg (D-NJ) to reduce congestion on the nation’s roads by encouraging freight to be carried by ships. The measure would create a grant program for America’s Marine Highways
The Minerals Management Service (MMS) has awarded a grant for $718,620 to St. James Parish in Louisiana through the Coastal Impact Assistance Program (CIAP), for the purchase of a 600-acre tract in the Coteau Chevreuil Wetlands area in South Vacherie, on the west bank of the parish. Purchase
The Port of Pittsburgh Commission Executive Director, James R. McCarville, praised the announcement from Senators Specter and Casey that additional funding was included for the locks and dams in the Port of Pittsburgh District. These funds included $25m for rehabilitation of the Emsworth Dam; $21.
OceanFreight Inc., (NASDAQ:OCNF) a global provider of seaborne transportation services for both drybulk and energy commodities, announced it has agreed to acquire a 2006 built 173,949 dwt Capesize bulk carrier for a purchase price of $61.25m. The vessel is scheduled for delivery before November 30, 2009.
Ziff Energy Group has completed the 7th edition of its Gulf of Mexico Deepwater Improving Field Performance (IFP) study, which evaluated pre-hurricane 2008 & 2007 operating costs for more than two dozen producing Deepwater assets. Participants included Deepwater operators, who collectively account for 1.
“2008 was generally still a very good year with impressive 8.4% growth. In autumn, however, gloom also spread to our sector, which has been so used to success in the last five years,” reports Dr. Alexander Nürnberg, chairman of the German Engineering Federation (VDMA) – Marine
Technical consultant Wavespec has opened a U.S. office in Houston, Texas. “We have chosen Houston for our U.S. office because it is the center of the oil and gas industry in the States, as well as the offshore industry,” said Geoff Green, Managing Director of Wavespec. Braemar Wavespec USA Inc.
Reflex Marine recently launched its Toro personnel transfer device to the US market with a demonstration, hosted by its service partner, Energy Cranes, at its facility in Houston, Texas. Each of the two demonstration sessions started with a presentation on the product and its safety features
Secretary of the Interior Ken Salazar appointed Liz Birnbaum, an attorney with two decades of federal government and private sector experience in energy and environmental policy, as Director of the Department’s Minerals Management Service. The appointment does not require Senate confirmation.<br
The Ferguson Group, a supplier and manufacturer of modules and containers for the energy industry around the world, has launched a new operation to offer accommodation barges in a significant development for the offshore market.Ferguson Modular, a division of the Ferguson Group, is currently
Roadships Holdings Inc., a USA company listed on Nasdaq (OTC:RDSH) is announced the decision of its Board of Directors to engage STX Marine to update the design of its Roadships High Speed Monohull to be fuelled by Liquid Natural Gas. An amendment to the Commercialization Agreement contract between
Floating production has proved a cost-effective method of developing both marginal and world-class offshore fields worldwide. As the offshore industry continues to progress into deeper waters these systems are also a key enabler for the production of hydrocarbons in ever-increasing water depths. In the past five years,
W&O, supplier of marine valves, pipes, fittings, engineered products and valve automation solutions, announced that its Mobile, Ala. operations have relocated to a new 40,000 square-foot facility to meet the immediate and long-term needs of its rapidly growing business in the region. The new
Bisso Lufesa Contratistas Maritimos S.R.L. was formally introduced at a special reception as a full-service marine contractor providing services to the maritime, shipping and offshore energy industries. Held at the Swissotel Lima, the gala featured more than 400 guests, including representatives
Webasto is introducing an updated and improved version of its air heater line to the marine market. Called the Air Top Evo, the new heaters feature a multi-function control panel incorporating multiple heating modes. The new features not only make the heating systems more convenient to use, but more environmentally friendly as well.
Topaz Energy and Marine Ltd. through its subsidiary Nico Craft has launched a 98.4 ft crew boat named Kanoo 40 for Kanoo Shipping. The crew boat was designed by Technicraft, New Zealand and all the engineering and construction work was undertaken by Nico Craft in Fujairah. Nico Craft forms a part of Topaz Engineering,
According to a June 15 report from The Journal of Commerce, A.P. Moller-Maersk is considering an additional 175 layoffs at its Danish shipyard because of a lack of orders.The Copenhagen-based shipping and energy group also said the loss-making Odense Steel shipyard, which has built the world’s biggest container ships,
Cargotec continues to develop its range of Kalmar straddle carriers with an environmental focus. The latest addition to the product range is the Electrical Shuttle Carrier, ESH W, which provides higher productivity with lower emissions.Ilkka Annala, Vice President of Kalmar Straddle Carriers,
Lifeboat and davit manufacturer, Schat-Harding, has completed the first freefall drop with its new design of lifeboat for the offshore sector, the FF1200.Schat-Harding CEO Ove Roessland said, “We were acutely aware that, in order to satisfy regulations applying to the Norwegian offshore sector,
Marorka, a provider of energy management solutions, and Kongsberg Maritime joined forces in an effort to help shipping companies optimize fuel consumption.Integrating Marorka’s energy management solutions with Kongsberg’s automation systems puts focus on energy efficiency in a dedicated energy performance system,
Shipowners can reduce air emissions up to 15% from ships, using available technology on today’s ships, according to Tor Svensen, COO of DNV Maritime, without incurring additional costs. Speaking in Oslo the day before the start of NorShipping 2009, Svensen is urging shipowners
In recent years, Vietnam has emerged as an important producer of oil and natural gas in Southeast Asia. Despite the current economic crisis, the country continues boosting its activities in the energy industry. Accordingly, global technical assurance and consulting company Germanischer Lloyd (GL) has
George Economou and broking house Banchero and Costa Spa have both invested in the Green Recycling Initiative launched two weeks ago. The $300m GRI aims to integrate the needs of steel producers to be able to produce ethically sourced steel from traceable scrap and the needs of shipowners to recycle ships in a more environmentally friendly manner.
The world's first Onshore Power Supply (OPS) facility with automatic synchronization and 50/60 Hz conversion has been formally activated by Flemish Minister-President Kris Peeters in the presence of leading government and Port of Antwerp officials. It typically powers a docked container vessel for approximately three days within any one week,
Topaz Energy and Marine Ltd. through its subsidiary Nico International, part of the newly established Topaz Engineering division has successfully completed the first milestone activity of a project for Vopak Horizon Ltd., Fujairah. The project was awarded to Nico by Interbeton (currently being rebranded as BAM International),