NEARCHUS: Pipelay vessel heads for Baltic[ 775 ]

The Hellenic Navy (HN) (Greek: Πολεμικό Ναυτικό, Polemikó Naftikó, abbreviated ΠΝ) is the naval force of Greece, part of the Greek Armed Forces. The modern Greek navy has its roots in the naval forces of various Aegean Islands, which fought in the Greek War of Independence. During the periods of monarchy (1833–1924 and 1936–1973) it was known as the Royal Navy (Βασιλικόν Ναυτικόν, Vasilikón Naftikón, abbreviated ΒΝ).The total displacement of all the navy's vessels is approximately 150,000 tons.The motto of the Hellenic Navy is "Μέγα το της Θαλάσσης Κράτος" from Thucydides' account of Pericles' oration on the eve of the Peloponnesian War. This has been roughly translated as "Great is the country that controls the sea". The Hellenic Navy's emblem consists of an anchor in front of a crossed Christian cross and trident, with the cross symbolizing Greek Orthodoxy, and the trident symbolizing Poseidon, the god of the sea in Greek mythology. Pericles' words are written across the top of the emblem. "The navy, as it represents a necessary weapon for Greece, should only be created for war and aim to victory."...............The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.

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This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς....This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς.........

Monday, March 22, 2010

Pipelay vessel heads for Baltic[ 775 ]

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Pipelay vessel

Klaus von Mandelsloh/Nord Stream/Handou

MOSCOW (RIA Novosti)15:34,,22/03/2010

The first pipelay vessel started its journey to the Baltic Sea to begin construction on the Nord Stream pipeline, which will pump Russian natural gas to Europe, the project operator said on Monday.

The 150 meter-long (492 feet) Castoro 6, refurbished in the Netherlands, will start laying the pipes in Swedish waters, about 60 km (37 miles) off the coast of the Swedish island of Gotland, Nord Stream A.G. said.

The 1,220 km-long (758-mile) Nord Stream pipeline will eventually pump 55 billion cubic meters of gas per year to western Europe, bypassing traditional transit countries such as Ukraine and Belarus.

Nord Stream will build two pipelines, each with a capacity of 27.5 billion cubic meters a year, on the Baltic Sea floor stretching from Russia's Vyborg near the Finnish border to Greifswald on the coast of Germany.

Nord Stream A.G. announced on March 16 that it had secured 3.9 billion euros ($5.3 billion) in financing for the project, covering 70% of the first phase. Gas transportation on the new line should begin in 2011.

The remaining 30% of the costs are expected to be financed by the Nord Stream shareholders. Russian energy giant Gazprom holds a 51% stake, German chemical group BASF/Winterhshall and utility E.ON Ruhrgas each hold 20% stakes and Dutch energy group Gasunie holds 9%.

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