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Good News from China on GDP, Industrial Production

CHINA_Boy_Flag.JPG

The economic news from China this morning were somewhat comforting but highlights that the economy activity in the world’s largest economy is certainly slowing down, reports BIMCO.   Behind the headline GDP,

Statoil: New Oil in the Grane Area

(Image: Statoil)

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation.

Offshore Oil: Lamprell Completes Caspian Sea Drilling Unit

(Jim Moffat, CEO of Lamprell. Source: Lamprell)

UAE-based Lamprell said that it completed construction of the second Caspian Sea jackup drilling rig, Mercury, for service in the Caspian Sea.   "I am delighted to report that we have completed the second drilling rig for use in the Caspian Sea,

Shipbuilding

TRIYARDS Buys into Aluminium Shipbuilding Expertise

Built by Strategic Marine

TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to

Mitsubishi Super Skiving System

[Super Skiving Cutter]

Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Mitsubishi Super Skiving

New Standard for LNG Cargo Containment Systems

Ti Group provided the insulation systems for six Sayaendo-design 150,000 cubic meter capacity LNG carriers under construction at Mitsubishi Heavy Industries in Japan for NYK/MOL and K-Line.

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the

Contracts

ABB, Vestas to Electrify Off-grid African Areas

ABB and Vestas today signed a partnership agreement whereby they will contribute with their respective technologies to help rural communities in developing markets gain access to

Salamander Energy Updates on SONA Transaction

Greater Bualuang Area

Salamander Energy said it has submitted a draft shareholder circular to the Financial Conduct

Mitsubishi: First-Ever Licensing Deal to Chinese for Marine Propellers

The signing ceremony.

Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of

Technology

Corvus Gains Support from WINN Initiative

Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy

Polymer Technology Developments Present Opportunities

New advances in polymer lining systems are emerging as a credible and cost effective alternative to traditional corrosion resistant alloys (CRA), thanks to recent developments

Changing Direction of Pipeline Flow

STOPPLE Plugging Head

Most pipelines only flow in one direction, usually from an oil or gas source to a market hub.

Legal

Cyprus: Turkish Vessel Encroaching on its Offshore Gas Areas

Turkish research vessel, frigate south of Cyprus coast Cypriot govt says research attempt violates sovereignty Turkey doesn't recognise Greek Cypriot claim in area Cyprus said

Update on Sevan 650 Drilling Unit

The Board of Directors of COSCO Corporation (Singapore) Limited refers to the announcement made on 30 May 2011 in relation to the turn-key EPC (Engineering

ITIC Measures against Ebola

Ebola

The International Transport Intermediaries Club (ITIC) has issued the following general advice

People & Company News

Singapore’s MPA Discuss LNG Bunkering

LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam

Key to Somalia's Recovery

DP World Group CEO Mohammed Sharaf

Piracy, terrorism and criminal activities originating in Somalia can only be addressed by

Long Beach Port Honors OOCL Executive

Shipping line CEO Andrew Tung receives ‘Port Pilot Award’

Andrew Tung, CEO and Managing Director of Orient Overseas Container Line, was presented today