Photo: Eidesvik Offshore ASA

Eidesvik Scores Work for Two Vessels

By Aiswarya Lakshmi!!!

Norwegian shipping company Eidesvik Offshore ASA has signed a letter of intent (LoI) with Seabed Geosolution for the use of two vessels.

Contract commencement are ultimo January to primo February and the duration is expected to last for the remaining part of 2018.
The LoI is for the use of the multi-purpose support vessel Subsea Viking and for the use of the seismic vessel Vantage.
Recently, Eidesvik Invest AS, together with some of the largest shareholders in Eidesvik Offshore, have undertaken to subscribe new equity in a private placement of NOK 120 million at a price of NOK 5 per share.
In addition, Eidesvik Invest AS has confirmed its willingness to convert shareholder loans of NOK 30 million to 2 million shares at a price of NOK 15 per share. In addition, a repair issue will be completed during March 2018 where shareholders who are not given the opportunity to participate in the private placement will be allowed to subscribe for shares.
With these agreements, the Eidesvik Offshore ASA Group is secured a safe financial position in the next few years, although the market may continue to be difficult for a period.
Photo: ELA Container Offshore GmbH

Containers Built for a Special Project

ELA Container Offshore GmbH was asked to build a number of bespoke accommodation containers to travel across the globe. Normally, the containers which are built by ELA Container

Graeme Alexander (Photo: Pirie & Smith)

Pirie & Smith Names Alexander GM

Marine consultancy and ship surveyor Pirie & Smith has appointed Graeme Alexander as General Manager to head up the company and take responsibility for leading its activities

New management solution based on the Kognifai digital platform and ecosystem will be available for more than 400 European wind energy assets Photo  Kongsberg Digital

OutSmart, Kongsberg Join Forces on Wind Energy

Independent wind asset operations management specialist OutSmart BV has selected Kongsberg Digital AS to provide an integrated management system on the innovative Kognifai

Gary Walsh is a partner in the firm’s Asset Finance Group. Photo WFW

$252m Finance for LNG-Powered Tankers

Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever

Graph showing Chinese Imports of Soya Beans

BIMCO: Trade War may change Soya Bean Trade Lanes

Soya bean trade lanes may change due to the ongoing trade war. The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes that may

 Paul Anderson, President & CEO of Port Tampa Bay (L), Capt. Tom Garrett,  AMPE, IAMPE Advisory Board Member (R), Donna Wysong, AMPE, Vice President – Legal Affairs of Port Tampa Bay and IAMPE Advisory Board Member, and Mark Dubina, AMPE, Vice President – Security of Port Tampa Bay. Photo courtesy IAMP

Port Tampa Bay selected as Port Executive Management Center

The International Association of Maritime and Port Professionals (IAMPE) stated that Port Tampa Bay has been selected as the Port Executive Management Center for the State of