Aker Midsund to Deliver to Goliat and Gudrun worth NOK 180 million

Aker Midsund, a wholly-owned subsidiary of Aker Solutions, has signed a contract to deliver four separator and scrubber packages to Hyundai Heavy Industries for the Goliat FPSO. The project has a contract value of NOK 120 million. Separately, Aker Midsund has entered into a contract with Aibel AS to deliver two separator and scrubber packages…

Knud E. Hansen A/S opens in Florida, USA

Leading Design Consultancy Knud E. Hansen A/S of Denmark announces the establishment of a subsidiary company, Knud E. Hansen USA L.L.C. located in Ft. Lauderdale, Florida USA. Knud E. Hansen A/S has been a leading design consultancy, specializing in the Cruise & Ferry market since 1937. Over the past decade, Knud E. Hansen A/S has…

LNG – The new investment Destination

Floating Liquefied Natural Gas (FLNG) business has been witnessing a rapid growth since 2005 and has now emerged as one of the leading destinations for most of the oil and gas companies. Building on its strategic advantages of low cost, low price and ability to capitalize stranded reserves, most companies and countries are opting for…

EZRA to Invest US$130m to add four PSVs

The investment of approximately US$130 million underlines its commitment to strengthening the capabilities of its core businesses and driving its next growth phase. The Group has also announced that EMAS Offshore Pte Ltd, the Group’s operating entity for offshore support services, has secured letters of intent and/or letters of award for approximately US$51 million.

Safe Bulkers, Inc. Announces Acquisition of One Newbuild Kamsarmax-Class Drybulk Vessel

Safe Bulkers, Inc. (the “Company”) (NYSE:SB – News), an international provider of marine drybulk transportation services, announced today that it has entered into a shipbuilding contract for the construction of a Chinese-built, drybulk Kamsarmax-class vessel of approximately 82,000 deadweight tons at a contracted price of $34 million, with an expected delivery date in the fourth quarter of 2011.

Polarcus to Build Seismic Vessels at Ulstein

Polarcus, a leading provider of marine geophysical services, is building two seismic vessels of the new generation type SX134 at the Ulstein Verft shipyard. ULSTEIN has designed and built a number of state-of-the-art seismic vessels the past few years, and the contracts attest to the company’s leading role in designing and building seismic ships.

MAN Sets World Record

By achieving ATEX certification for a newly developed 18 MW high-speed electric motor, MAN Diesel & Turbo reached a crucial step in further enhancing its compressor technology for the worldwide Oil & Gas industry, extending the company’s lead in the field of hermetically-sealed motor-compressor units. The current step of development is a result of MAN…