Nigeria seen as new center of piracy

  Nigeria has emerged as a new center for piracy, with the number of attacks steadily increasing despite the government’s naval assets, authorities say. In December 2012 alone, gunmen attacked three commercial vessels within six days, ransacking the ships and taking a total of nine crew members hostage, The Wall Street Journal reported. In 2012,…

Mitrabahtera Segara Adds 4 Fleets To Boost Revenue

  JAKARTA—PT Mitrabahtera Segara Sejati Tbk added 3 barges and a floating crane in Q-4 2012, so it projected to boost Company’s revenue last year. Mitrabahtera Segara President Director Rico Rustombi said the Company has 72 barge and 6 floating crane in September 2012. Based on audited financial report on 30 September 2012, Mitrabahtera booked…

Paramarine Software used on New Submersible

  QinetiQ GRC naval architects in combination with their Paramarine software are working with QED Naval Ltd  in the development of a marine platform (Subhub) that is being designed to transport, install, anchor and maintain wave and tidal turbines through life. This will bring major cost and time advantages to tidal turbine field installations on…