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IMC Maritime Newsletter October 28 2011

Oil rallies more than 4 percent on EU rescue deal

Crude oil futures rallied more than 4 percent on Thursday, primed by a deal on Greek debt that many analysts said bodes well for resolving the euro zone crisis.


Royal Boskalis Westminster N.V. (Boskalis) has been awarded the sole concession via SMIT Towage Northwest Europe (SMIT) for the provision of harbour towage services in the Port of Zeebrugge, Belgium. The seven year contract was awarded by MBZ (Maatschappij van de Brugse Zeevaartinrichtingen NV/Port of Zeebrugge) to URS, part of SMIT Towage Northwest Europe. The concession represents, based on expected traffic volumes, a total turnover of approximately EUR 90 million.

source: press release dated October 28 2011


DONG Energy says to test Vestas 7 MW turbine

Denmark's DONG Energy has agreed to test wind turbine manufacturer Vestas' new 7 megawatt offshore turbine at a new site in which it will invest around 240 million crowns ($44.6 million), DONG said.



Rolls-Royce surges to 100MWh tidal energy milestone

The UK's fledgling tidal energy sector marked a significant milestone this week after Rolls-Royce confirmed that its prototype generator in Scotland has generated 100 megawatt hours (MWh) of power.


North Sea industry in uproar over EU proposal

NORTH Sea industry leaders have condemned European Union proposals to set stringent new rules on offshore drilling in the wake of the Deepwater Horizon oil spill.


(500kW turbine floating by deployment vessel prior to installation © Rolls-Royce)