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News this week:
Updated 7/7/08

Boat thefts hit record peak
With the boating season starting, the theft of pleasure craft and motors has hit a new high. So far this year the number of stolen boats is 25 higher than at the same time last year.

Most thefts are reported from around the Oslo Fjord and Soerlandet (Agder counties).

Fast-moving, smaller crafts and outboard motors are the most popular with the thieves, according to the police.

They believe the motors are brought out of the country, to Eastern Europe, while most of the boats are recovered.

However, for many the plans for a boating holiday are ruined, at least for this summer.
[more]

Aker Solutions awarded another major contract with Jurong Shipyard
Aker Solutions has signed a contract with Jurong Shipyard Pte. Ltd in Singapore for delivery of drilling equipment system for semi-submersible drilling rig.

The total contract value for Aker Solutions is approximately USD 210 million. The scope of work for Aker Solutions is to deliver a complete drilling package consisting of engineering, equipment deliveries and commissioning services.

"The two recent awards by Jurong Shipyard, represent another major milestone for Aker Solutions' drilling equipment business. It also confirm our strong position as a world-wide supplier of drilling equipment systems," says Roald Amundsen, President of Aker MH AS.

The deepwater semi-submersible drilling rig is scheduled for delivery in Q2/2011.

The contract party is Aker Solutions' subsidiary Aker MH AS.
[more]

StatoilHydro sells wood pellets business
StatoilHydro and the Swedish company EcoHeating AB have entered into an agreement on the sale of Statoil's wood pellets business in Norway and Sweden.

StatoilHydro says in a press release that the sale of the business to EcoHeating gives good prospects for further development of the pellets operations.

"We have been successful in building up the wood pellets business to the level it is at today, and we are pleased with EcoHeating as the buyer. EcoHeating AB have the best qualifications to further develop the pellets business, and make wood pellets an even more important energy source than it is today," says Tom Borgersen, sales director of Statoil Norway.

The sale comprises Statoil's wood pellets factory in Brumunddal in Norway and Säffle in Sweden, as well as sale of remote heating and pellets to customers with their own energy plants.

EcoHeating AB is taking over four employees at the Norwegian pellets factory in Brumunddal and 20 employees from the Swedish pellets operation.
[more]

Norske Skog sells Czech mill
Norske Skog divests the former newsprint mill Norske Skog Steti in the Czech Republic to Mondi. Newsprint production at Steti ceased at the end of May.

All operations in the company have ceased and all employment relationships were terminated at the end of June this year.

The decision to stop the newsprint production at the Steti mill is part of Norske Skog's work to improve its profitability. The fixed costs in the group will be reduced by removing excess capacity and transferring production to other mills with available capacity.

Mondi is currently engaged in production of kraft pulp, kraft paper, containerboard, industrial bags and extrusion coating products at the same industrial site where Norske Skog Steti operated. Mondi will buy most of the production equipment at the former newsprint mill. The agreement includes an option for Norske Skog to move a smaller part of the production equipment to other mills in the group.

Mondi will not resume newsprint production at the former Norske Skog Steti mill and has acquired the site as part of a rationalization of the existing mill site.
[more]
 
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