COSCO Delivers “Marine King”

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd (“COSCO Guangdong”), a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co, has delivered a bulk carrier of 57,000 dwt, “Marine King”, to its Asian buyer.

DNV Develops Process to Utilize CO2

DNV, an international leader in services for managing risk, has developed a process to convert carbon dioxide (CO2) into useful products. Results suggest that its electrochemical conversion process could be a commercially viable technology in the future.

Gjøa Field Officially Opened

The Norwegian Minister of Petroleum and Energy, Terje Riis-Johansen, officially opened the Gjøa oil and gas field in the Norwegian North Sea today in presence of Gerard Mestrallet, Chairman and CEO of GDF SUEZ.

International Customer Services Manager appointed at Wilhelmsen

International Customer Services Manager appointed at Wilhelmsen Ships Service25.01.2011 (Ships Service)Wilhelmsen Ships Service has created a key senior post at the company’s headquarters in Oslo with the appointment of Trine Haug Hansen as International Customer Services Manager in the International Customer Services team.

NORDEN Sells of up to 6 Handysize Vessel

NORDEN has entered into an agreement for the sale of up to 6 Handysize dry cargo vessels to Greek interests. Until 30 March 2011, the agreement remains subject to the buyer’s final Board of Directors approval.

Man Diesel & Turbo to Build New Emission Test Center in Augsburg

On 25 January 2011 the manufacturer of large-bore diesel engines and turbomachinery, MAN Diesel & Turbo SE, is holding the topping out ceremony for a new emissions test centre at the headquarters in Augsburg.The test facility, which goes by the name of “CentAur”, is going to be used to test measures aimed at reducing emissions…

Billion Dollar Project Reaches Major Milestone

The floating production unit Maersk Peregrino is in position and ready to work in the booming Brazilian offshore market. The transformation is the pinnacle of a comprehensive process and succeeded only due to excellent partnership and teamwork.

SFL Acquires a Jack-Up Drilling Rig and Seven-Year Bareboat Charter

Ship Finance International Limited (NYSE:SFL) (“Ship Finance” or the “Company”), today announced that it has entered into an agreement to acquire a modern jack-up drilling rig from Apexindo Offshore Pte. Ltd. (“Apexindo Offshore” or the “Charterer”) in combination with a seven year bareboat charter back to the Charterer.

Partner in Developing Environmental Friendly Vessels

Containerships and Finnish company Wärtsilä signed a turnkey contract concerning a pioneering technology in the maritime sector aimed at reducing emissions from sea going vessels. This new technology will be installed on Motor Vessel Containerships VII and be operational during last quarter of 2011.