Thanet wind farm gets £150m investment

The world's largest wind farm is to get £150m funding from the European Investment Bank (EIB) to help the UK reach renewable energy targets. The 100-turbine Thanet Offshore wind farm off Thurness Point in Kent was completed in June and covers an area of almost 14 square miles (35 sq km).

http://imc.to/rTzEma

Panama's growth to exceed 8.5 pct in 2011-IMF

The Panama Canal's expansion is driving growth and demand in Panama, where economic growth is set to exceed 8.5 percent this year, making it one of the fastest-growing countries in the Western Hemisphere, the IMF said on Monday.

http://imc.to/tc4omm

Omani Port of Sohar signs MoU for new Dry Bulk Terminal

Sohar Port inks MoU with international logistics firm for new Dry Bulk Terminal. New facility is currently under construction and is expected to be completed before the years out. The Omani Port of Sohar has agreed a Memorandum of Understanding (MoU) with an international logistics service provider to operate the new Dry Bulk Terminal, which is currently under construction.

http://imc.to/teYFS3

Under-sea energy network 'possible'

A sub-sea renewable energy grid connecting Scotland, Ireland and Northern Ireland is "viable and competitive", according to a study. The report was published as government ministers from the three countries met to discuss the proposal in Glasgow. The grid concept, known as Isles, would harness wind, wave and tidal energy and help meet European Union renewable energy targets.

http://imc.to/rZiH87

Offshore firm Sparrows starts hiring staff

The offshore services company Sparrows has started to recruit more than 100 workers in Aberdeen after winning new contracts. Sparrows specialises in supplying lifting equipment and staff for the oil and gas industry.

http://imc.to/vqWDLA

Theodore Tugboat returns to South Florida

A popular cartoon character has returned to South Florida to lead an annual boat parade. On Monday, Theodore Tugboat arrived in Fort Lauderdale after a three-week journey from Canada. The tugboat will lead the Seminole Hard Rock Winterfest Boat Parade in December.

http://imc.to/tq5UR1

Oil ends higher as traders gauge supply and demand

Crude-oil futures climbed back above $98 a barrel Tuesday, putting an end to a three-session decline as tensions in the Middle East fueled concerns over supplies from the oil-rich region.But recurring euro-zone debt woes continued to feed worries over European oil demand.

http://imc.to/txVM58

BIMCO develops contract for the employment of armed guards

With the increasing use of armed guards on ships and the fear that second-rate security firms may take advantage of the piracy situation, BIMCO is forging ahead with the development of a standard contract for the employment of armed guards.

http://imc.to/syICpD

Renewable energy stifled by surging oil wealth

Renewable energy development is slowing down and has become beset with uncertainty because of abundant oil and gas supply and new massive conventional hydrocarbon discoveries, Saudi Aramco has said. As a result, several global renewable energy developers have stopped their activities after going bankrupt and more firms in this field could follow suit, the world’s largest oil producing company said.

http://imc.to/vowwtE

ID – CB65719

Directly from Owners we can offer for sale below pilot boat:

Builders: Halmatic
Year: 1990
LOA: 13.28 Metres
Main Engines: 2 x Volvo
Max Speed: 22 Knots

Contact us for more information.

Ship collision: Bombay HC refuses to allow MV Nordlake to sail

The Bombay high court refused to allow MV Nordlake, which collided with the Indian Naval Ship (INS) Vindhyagiri in January, to sail while rejecting their application early this week. The ship has been in Indian waters since the collision. It was placed under civil arrest by the high court in February following a suit filed by the Indian Navy.

http://imc.to/vdcxV8

Shipbuilding grows to EUR 1.1 billion business in Romania

The shipbuilding activity in Romania went up by 40 percent last year on the previous, reaching some EUR 1.1 billion, according to the country’s Economy Ministry. Most of the production goes to export – 98 percent, and producers in Romania have already signed contracts for 2012 and 2013.

http://imc.to/vJY7MJ

15 more containers salvaged from crippled cargo ship

Salvors working in strong winds have managed to unload 15 containers from the stern of the crippled cargo ship Rena today. So far 64 containers have been removed from the ship which was carrying 1368 when it grounded on Bay of Plenty's Astrobe Reef on October 5.

http://imc.to/trlkab

Centrica signs £1bn energy deal with Norway's Statoil

Centrica has expanded its footprint in the North Sea after the energy group bought stakes in oil and gas fields from Norway's Statoil in a £1bn deal.

http://imc.to/sTKDL9

Brent up above $109, downside risks remain

Brent crude oil rose a dollar to over $109 a barrel on Friday, helped by a weaker dollar, after posting steep losses in the previous session, but analysts and traders said the risk remained to the downside given the economic weakness in Europe

http://imc.to/svLKpy

North Sea 'still has lots of oil'

The North Sea could still contain more than £1 trillion-worth of oil and gas, energy minister Fergus Ewing has said. Mr Ewing told MSPs that with "significant unharvested reserves" it is possible that as many as 24 billion barrels can still be extracted.

http://imc.to/tlloHn

France to complete world's largest tidal energy plant in 2012

From Summer 2012, the French coast near Paimpol-Bréhat in Brittany will be home to the world's largest tidal energy plant. The project, which was originally conceived in 2004 and began construction in 2008, will provide power for up to 4,000 homes in the area, costing somewhere around 40 million euros (£34 million). The Irish company building the project, OpenHydro, has previously built facilities in the US, Canada, France, Scotland and the Channel Islands, but the scale of the French plant will dwarf them all.

http://imc.to/vfFHpw

Construction of Peru's Muelle Sur second phase to begin Sep. 2012

Dubai Port (DP) World, concessionary of Muelle Sur in the port of Callao, is expected to start the second phase of investments in said terminal in approximately 11 months, that is, in September next year, president of the National Port Authority Frank Boyle announced Thursday.

http://imc.to/spgYLb

Hornbeck Offshore Spending $720M For 16 More Offshore Supply Vessels

Hornbeck Offshore Services Inc. (HOS) will spend about $720 million to add 16 offshore supply vessels to its fleet, marking the company's eighth newbuild vessel program since its inception in 1997.The provider of offshore-supply vessels has contracted VT Halter Marine Inc. of Pascagoula, Miss., along with Eastern Shipbuilding Group Inc. of Panama City, Fla., which will each build eight 300 class vessels with options to build additional such vessels should future market conditions warrant.

http://imc.to/tLYfM4

Aker nabs $12.59m North Sea contract

The UK arm of Norwegian service provider Aker Solutions has been awarded a $12.59 million contract by Dana Petroleum to manufacture and deliver a number of subsea control modules and topside power units for the Western Isles development project.

http://imc.to/teHlnJ

Piracy at sea and the commerce behind it

The long term solution to piracy lies in the world reverting to ships flying with the flag of their own nationality, not flags of convenience. Maritime piracy has resumed in full force after a lull. And it mainly affects the Indian seafarer in captivity. One reason for this is the standoff between Indian government and pirates on the issue of some Somalians in Indian custody.

http://imc.to/tRrYQd

Shipping Stocks Could Be in for Choppy Finish to 2011

Despite better than expected third quarter earnings and stronger daily rents for panamax ships, most shipping stocks continue trading well off of 52-week highs. With more ships taking to the seas, and demand for iron ore and raw materials drying up, most analysts are concerned that shipping stocks could be in for a rough conclusion to 2011.

http://imc.to/uNlWEw

Nigeria appoints new oil sector regulator chiefs

Nigerian President Goodluck Jonathan on Wednesday changed top management at regulators overseeing Africa's biggest oil industry, a body criticised in the past by international agencies for a lack of transparency.

http://imc.to/vB6ATT

Hochtief Plans Joint Venture for Offshore Wind Farm Developments

Hochtief AG, Germany’s largest builder, plans to set up a joint venture with an investment partner to develop offshore wind farms. Hochtief’s Solutions unit and an investor the company declined to identify are seeking to purchase at least two wind farm concessions off Germany and develop the projects, said Ullrich Reinke, head of energy and infrastructure at the unit.

http://imc.to/trtLqC

Boskalis, CSAV Discuss Americas Tug Joint Venture

Boskalis, the Dutch dredging and marine services group, and Chilean ocean carrier CSAV are working to establish a joint towage operation in Central and South America. The joint venture between Smit, Boskalis’ marine services arm, and Sudamericana Agencias Aereas y Maritimas , CSAV’s wholly-owned subsidiary, would operate a fleet of more than 170 vessels in 45 ports in nine countries.

http://imc.to/rCdRWJ

Cost of piracy to the international community is between US$ 4.9Bn and US$ 8.3Bn each year

As piracy spreads unchecked insurers, ship owners and charterers are evolving new approaches to managing the risk. This is despite the vacuum created by both the law and the lack of international co-operation or political will that, arguably, lead to the problem in the first place. 

http://imc.to/ucQdn8