Arctic Drilling: 4x More Expensive
Posted 08/10/11 at 09:36 AM
DNVs summer students presented the results of seven weeks of intense and targeted work with a concept for year-round drilling and exploration offshore north-east Greenland. More than anything their work unfolded a massive need for new technologies, improved standards and increased arctic research…
Report: Hyundai Merchant to Order 5 Containerships
Posted 08/10/11 at 09:28 AM
Hyundai Merchant Marine apparently plans to order five new containerships worth $638.7m, according to a Reuters report. Hyundai said in a regulatory filing that the addition of the five 13,100 TEU vessels would help improve its competitiveness.
Mustang Survival Introduces MD3157 Lifejacket
Posted 08/09/11 at 11:17 AM
Mustang Survival’s first inflatable lifejacket is now available. The MD3157 is the first inflatable approved and certified as a lifejacket by Transport Canada and was designed for use in severe marine environments…
VSD Opens New Branch Office in the UAE
Posted 08/09/11 at 11:09 AM
VSD, LLC (VSD) announces one of its subsidiary companies, VSD Global (VSDG), is set to open a new branch office today in the United Arab Emirates (UAE). VSDG was established in early 2011 in Saudi Arabia…

WWH Reports 2Q Earnings
Posted 08/09/11 at 11:08 AM
Wilh. Wilhelmsen Holding ASA’s (WWH) topline lifted by continued increase in volumes transported deep sea. Underlying development in the group’s activities is positive.The operating profit for WWH amounted to $1…
Wartsila Opens New Facility in Helsinki
Posted 08/09/11 at 11:06 AM
Wrtsil has opened new workshop facilities in Helsinki, Finland. The new facilities enable Wrtsil to offer a wide range of workshop services with rapid response times. Operations in Helsinki began in early August 2011…