Eni: closing of the sale of 12.5% of Saipem share capital to Fondo Strategico Italiano

The Shareholders Agreement between Eni and FSI has taken full effect San Donato Milanese (Milan), 22 January 2016 – With reference to the sale and purchase agreement between Eni S.p.A. (“Eni”) and Fondo Strategico Italiano S.p.A. (“FSI”), the object of which is the sale, from Eni to FSI, of a stake …

Wärtsilä signs maintenance agreement with Ensco

Wärtsilä signs maintenance agreement with Ensco for sustained cost savings and improved reliability Wärtsilä, the leading global supplier of flexible and efficient power plant solutions and services, has signed a maintenance agreement with Ensco, a global provider of offshore drilling services to the petroleum industry. The agreement, signed in September …

The Barents Sea ice challenge: Loads to learn

There is a sustained high interest for oil and gas exploration in the new unlocked areas of the Barents Sea, as announced in the 23rd licensing round in Norway. In particular southeast Barents Sea areas are so far unexplored, leaving an ocean of opportunities ahead. However, new challenges accompany the …

Criteria for entry into force of BWM Convention not yet reached

Insufficient tonnage to trigger entry into force despite recent ratifications Following the spate of ratifications in November 2015 of the Ballast Water Management (BWM) Convention, IMO and partner IHS Maritime & Trade have been engaged in a process to verify tonnage figures to ascertain whether or not the convention’s final …

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TEEKAY TANKERS AND TEEKAY CORPORATION ANNOUNCE THE CREATION OF A NEW TANKER COMPANY

February 6, 2014 News No Comments

Teekay Logo SmallTEEKAY TANKERS AND TEEKAY CORPORATION ANNOUNCE THE CREATION OF A NEW TANKER COMPANY

HAMILTON, BERMUDA — (Marketwired) — 01/21/14 — Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) and Teekay Corporation (Teekay) (NYSE:TK) today jointly announced the creation ofTanker Investments Ltd. (TIL), which will seek to opportunistically acquire, operate and sell modern secondhand tankers to benefit from an expected recovery in the current cyclical low of the tanker market. TIL has completed a $250 million private equity offering in which Teekay Tankers and Teekayhave co-invested $25 million each for a combined 20 percent ownership interest in the new company. The balance of the privately placed TIL shares, which will trade on the Norwegian over-the-counter market, have been purchased by a group of institutional investors primarily based in the United States, Norway and United Kingdom.

Transaction Summary

A portion of the net proceeds from the private equity offering will be used to acquire four 2009 and 2010-built Aframax crude oil tankers for an aggregate purchase price of approximately$116 million. … Continue Reading

Veliky Novogorod to become largest gas carrier in Gazprom’s fleet

January 21, 2014 News No Comments

gazprom_smallA naming ceremony took place today for a liquefied natural gas (LNG) carrier at STX O&S shipyard in the city of Jinhae (South Korea). The vessel was named Velikiy Novgorod. It will be the fifth in Gazprom’s tanker fleet.

Taking part in the ceremony were Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Sergey Frank, Director General of Sovсomflot.

Velikiy Novgorod is a gas carrier with membrane cargo tanks and a cargo capacity of 170.2 thousand cubic meters. It is equipped with a diesel-electric drive, which can be fueled by LNG, fuel oil or gasoil. The vessel is certified as Ice2 class vessel and can ship cargoes in low-temperature conditions, including via the Northern Sea Route during the navigation period in the open water.

The ship is classified according to the Russian Maritime Register of Shipping and Lloyd’s Register. The crew will be made up of Russian sailors. … Continue Reading

SOLAS, MARPOL amendments entered into force on 1 January 2014

January 2, 2014 News No Comments
IMO SmallA number of amendments to the International Convention for the Safety of Life at Sea (SOLAS), the International Convention for the Prevention of Pollution from Ships (MARPOL)  and the 1988 Load Lines Protocol  entered into force or took effect from 1 January 2014.
The amendments cover passenger ship safety (in relation to safe return to port after a flooding casualty); the testing of free-fall lifeboats; minimum safe manning levels;  prohibition of blending onboard; the revised MARPOL Annex III; the United States Caribbean Sea Emission Control Area; and the Winter Seasonal Zone off the southern tip of Africa.
2012 May SOLAS amendments
The SOLAS amendments which entered into force on 1 January 2014 include the following:
– amendment to SOLAS regulation II-1/8-1, to introduce a mandatory requirement for new passenger ships for either onboard stability computers or shore-based support, for the purpose of providing operational information to the Master for safe return to port after a flooding casualty; … Continue Reading

Wärtsilä to supply complete dual-fuel propulsion and LNG equipment for new German ferry

December 12, 2013 News No Comments

wartsila_smallWärtsilä Corporation, Press release, 12 December 2013 at 10 am EET

Wärtsilä, the marine industry’s leading solutions and services provider, will provide a full propulsion package for a new passenger ferry being built for the Germany based Reederei Cassen Eils GmbH. The contract was signed in October 2013 with Fr. Fassmer GmbH, the shipyard responsible for the vessel’s construction.

The new ferry will operate between Cuxhaven and the island of Helgoland in Germany. This route will take it close to the Lower Saxon Wadden Sea national park, an ecologically sensitive UNESCO World Heritage listed area in the south-eastern part of the North Sea. Because of the need to minimize exhaust gas emissions in this area, the ferry will operate primarily on liquefied natural gas (LNG) using two 9-cylinder Wärtsilä 20DF medium-speed dual-fuel engines.

The selected engines are the latest generation of the Wärtsilä 20DF series. They offer an increased output of five per cent and a reduction of seven per cent in fuel consumption in gas mode, compared to earlier versions of the engine. … Continue Reading

RSS Web Crewing Vacancies List

  • Electrician on PSV DP1 (ARAMCO) – 65 USD per day June 19, 2019
    VSL’s type – PSV DP1 (the vessel is operating under ARAMCO charter); Wages – 65 USD per day; Contract Duration: 4 months; Area of sailing – Saudi Arabia; Join date –ASAP; Comments: The candidate must hold Electrician License. Minimum obligatory experience – 18 months on similar type of vessels actual onboard in the rank of […]
  • 2nd Officer/SDPO on AHTS/MPSV DP2 (ARAMCO)-200 USD per day June 19, 2019
    VSL’s type – AHTS/MPSV DP2 (the vessel is operating under ARAMCO charter); Wages – 175/200 USD per day; Contract Duration: 3 months; Area of sailing – Saudi Arabia; Join date – ASAP; Comments: The candidate must hold Officer in Charge of a Navigation Watch License, DP Full Unlimited Certificate. Previously ARAMCO approved candidates will be […]
  • Master on Jack-Up Barge (ARAMCO/ADNOC)-900 USD per day June 19, 2019
    VSL’s type – Jack-Up Barge (the vessel is operating under ARAMCO/ADNOC charter); Wages – 750-900 USD per day; Contract Duration: 45 days on/45 days off; Area of sailing – Arabian Gulf; Join date: ASAP; Comments: The candidate must hold Master’s Unlimited License. Previously ARAMCO/ADNOC approved candidates will be preferable; Minimum obligatory experience: 24 months on […]
  • Chief Engineer on Jack-Up Barge (ARAMCO)-650 USD per day June 19, 2019
    VSL’s type – Jack-Up Barge (the vessel is operating under ARAMCO charter); Wages – before ARAMCO evaluation 500 USD per day and after the evaluation the salary will be 650 USD per day; Contract Duration: 45 days on/45 days off; Area of sailing – Saudi Arabia; Join date – ASAP; Comments: The candidate must hold […]

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JFC announces new jobs with Launch of new Marine Division

8 Nov 2015

John Concannon, MD. JFC Manufacturing announces details of new jobs, at the ‘Innovating the future of Marine Navigation Safety’ conference in Galway on Friday 16th October, at the launch of the west of Ireland company’s new division, JFC Marine. The …

The 2015 Irish Maritime Forum

6 Oct 2015

The 2015 Irish Maritime Forum, attended by over 150 delegates, discussed the importance of the Maritime Industry to Ireland’s continued economic growth and how solutions to a number of the world’s great challenges will come from the Sea. The National …

Wärtsilä propulsion solution chosen for new Scottish fishing vessel

12 Jul 2015

A new modern fishing vessel being built by Simek AS in Norway on behalf of the U.K. operator Antares (Whalsay) Fishing Company Ltd, will feature an integrated Wärtsilä propulsion solution including main engine, controllable pitch propeller and gearbox. The Wärtsilä …

Eni announces a new oil and gas discovery in the Western Desert of Egypt

27 Jan 2015

In the last three years, in the Western Desert of Egypt Eni has doubled its oil production through exploration of deep sequences. San Donato Milanese, 22 January 2015 – Eni has announced a new discovery of oil and gas in the …

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