Direct-drive permanent magnet shaft generator solution for world’s first LNG fueled handysize bulk carriers

May 12, 2016

WE Tech Solutions (WE Tech), a leading energy efficiency solutions provider in the marine industry, has received an order to deliver its direct-drive permanent magnet shaft generator solution to two new 25,600 dwt dual-fueled handysize bulk carriers, with an option for two more. The Switch, a technology specialist of megawatt-class permanent magnet (PM) machines for… Continue Reading »


Diana Shipping Inc. announces time charter contract for m/v Alcyon with Norden

May 9, 2016

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Dampskibsselskabet Norden A/S, Copenhagen, for one of its  Panamax dry bulk vessels, the m/v Alcyon. The gross charter rate is… Continue Reading »


Bourbon Revenues Slip

May 7, 2016

Bourbon has posted lower adjusted revenues for the quarter ended March 31, 2016 caused by the continuing market slump which led to drop of utilisation and daily rates. The French vessel owner and offshore services provider generated a total of €314.5 million in first-quarter adjusted revenues, down 18% from a year-ago quarter (€383.6 million) and… Continue Reading »


New contract for Olympic Delta

May 6, 2016

Olympic Shipping have contracted Olympic Delta to an international client. The vessel will be employed within renewable energy. Commencement of the contract will be from August and has a fixed period of 120 days plus options potentially extending the period to more than 200 days. Stig Remøy: “For many years we have focused on offering… Continue Reading »


Damen Shiprepair Amsterdam completes maintenance programme for fallpipe vessel Flintstone

April 26, 2016

The fallpipe vessel Flintstone has departed from Damen Shiprepair Amsterdam, part of Damen Shiprepair & Conversion, following a six-week programme of maintenance and repairs together with her first Special Survey. Owned and operated by the Tideway group of companies, a division of the Belgian dredging, environmental and marine engineering group DEME, the 155-metre, 20,000 tonne… Continue Reading »


Diving Careers: Wreck Salvage Diving

April 19, 2016

Yesterday’s post in our 4-part Scuba Diving Careers series featured NASA diving, one of the more extreme options in the bunch. Today we’re taking a look at wreck salvage diving. There are a few different facets to this profession. Some scuba pros work as recovery divers who step in to help unlucky sailors get a sunken vessel… Continue Reading »


RAN Inspects Sunken Japanese Midget Submarine

April 13, 2016

The Royal Australian Navy (RAN) has revisited the final resting place of a Japanese midget submarine M24 as part of a program to preserve the Second World War wreck. Involved in the attack on Sydney Harbour which resulted in the sinking of accommdation ferry, HMAS Kuttabul, the location of the submarine was a mystery for… Continue Reading »


Marine Industry Looks To Cruise Ships, Wind Farms To Weather Oil Slump

April 12, 2016

Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Many companies that have focused on building or chartering vessels to support offshore drilling and exploration have seen orders and charter rates… Continue Reading »


Island Constructor to Work for BP Off UK

April 11, 2016

Island Offshore has secured work for its offshore construction and well intervention vessel ‘Island Constructor’ with BP on the UK continental shelf. The contract follows the recently awarded work with Norske Shell on the Draugen field. The BP deal covers the provision of light well intervention (LWI) services offshore UK in July this year. Additional options might… Continue Reading »


Wintershall to Use Island Offshore Vessels on Vega Field

April 9, 2016

Wintershall Norge AS has received consent to use the mobile drilling facilities Island Frontier and Island Wellserver for intervention work on the Vega field. The two vessels provide light well intervention services and associated work, construction work, subsea installation work, securing of wells, IMR work, supply duties. Vega lies due north of the Fram field in… Continue Reading »

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