Search results for: safe

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  • 31 July 2015
    Business & Finance

    Monaco-based dry bulk specialist Safe Bulkers reported USD 4.4 million net loss for the second quarter of 2015, compared to net income of USD 2.1 million during the same period in 2014, driven largely by a 15% decrease in net revenue for the quarter ended June 30. The quarterly net revenue was USD 31.8 million, compared to USD 37.2 million reported for 2QFY2014. The […]

  • 5 February 2016
    Exploration & Production

    Prosafe, the world’s largest provider of offshore accommodation rigs, has taken delivery of the new flotel. The flotel named Safe Notos, has been delivered to the company by the China-based Cosco shipyard. The Safe Notos, able to accommodate 500 workers, will be deployed on an eight-month firm contract with an undisclosed client in the UK […]

  • 22 June 2011
    Business & Finance

    In recognition of Crowley Maritime Corporation’s safe harbor ship assist and tanker escort operations on the west coast, Tesoro Maritime Company recently honored Crowley’s harbor services team with safe work awards – one for each of the past four years – during a ceremony in Crowley’s Seattle office. Crowley’s Andrew Gauthier, port captain; Scott Hoggarth, […]

  • 15 December 2017
    Business & Finance

    Safe Bulkers has acquired a South Korean-built dry bulk Post-Panamax class vessel “at an attractive price”.

  • 6 April 2017

    Prosafe, an operator of semi-sub accommodation rigs known as flotels, is still in dispute with Westcon over cost overruns related to Safe Scandinavia’s conversion from flotel to tender support vessel (TSV). In its 2016 annual report on Thursday, Prosafe said that the litigation process relating to the final costs of the conversion of the Safe Scandinavia […]

  • 6 November 2017
    Business & Finance

    The shipping industry has to face the music when it comes to becoming compliant with the new environmental regulations, such as the Ballast Water Management Convention (BWMC) and the IMO’s 2020 Sulfur Cap, as highlighted by Polys Hajioannou, Chairman & CEO of Safe Bulkers in an interview provided by Capital Link. Namely, shipowners have to install the necessary BWM equipment […]

  • 14 March 2016
    Exploration & Production

    Proafe’s tender support vessel Safe Scandinavia has completed onshore acceptance testing and is now mobilizing to the Oseberg Øst installation in the North Sea to start drilling support operations for Statoil. The Safe Scandinavia was converted from a semi-submersible accommodation rig to a tender support vessel at the Westcon yard in Ølensvåg, Norway. The rig arrived at the yard for […]

  • 28 August 2019
    Business & Finance

    The vessel will feature a “Not Always Afloat But Safely Aground” (NAABSA) design.

  • 1 July 2013

    Westport posted an interesting video illustrating how liquefied natural gas (LNG) is the safest legacy fuel available—even today. This embedded content is only visible after accepting cookies. Change your preferences LNG is a relatively new fuel for trucking. Many existing liquefaction plants aren’t designed to serve the needs of truckers and aren’t located in places […]

  • 14 May 2020
    Business & Finance, Business developments & projects

    The future of Prosafe’s contract for the Safe Zephyrus flotel with Shell is uncertain following Shell’s decision not to perform its previously planned work at the Shearwater field this year.

  • 8 April 2020

    Unexploded ordnance contaminates land and marine environments and poses a threat to a project’s commercial success. Protect against harm or commercial loss with SafeLane’s end-to-end capabilities: from risk assessments to intrusive surveys, from explosive ordnance disposal to drilling services.

  • 27 June 2019
    Business & Finance

    Well abandonment services provider Well-Safe Solutions has made a multi-million-pound investment in new Aberdeen headquarters.

  • 31 July 2015
    Business & Finance

    Monaco-based dry bulk specialist Safe Bulkers reported USD 4.4 million net loss for the second quarter of 2015, compared to net income of USD 2.1 million during the same period in 2014, driven largely by a 15% decrease in net revenue for the quarter ended June 30. The quarterly net revenue was USD 31.8 million, compared to USD 37.2 million reported for 2QFY2014. The […]

  • 29 July 2015
    Exploration & Production

    Prosafe, the owner and operator of semi-submersible accommodation vessels, has informed that the conversion of the semi-submersible accommodation rig Safe Scandinavia into tender support vessel has experienced delays.  The rig is being converted at the Westcon yard in Ølensvåg, Norway. It arrived at Westcon in March 2015 and the initial plan was for the rig to be ready […]

  • 23 June 2015

    Norwegian offshore workers might go on strike if tomorrow’s (June 24, 2015) mediation to find agreement on wages between SAFE, a Norwegian Union of Energy Workers, and Norwegian Shipowners’ Association (NSA) fails to yield a solution. Negotiations for mid-term settlement held in May were unsuccessful as the workers had not been offered anything substantial, and the settlement […]

  • 2 July 2014
    Business & Finance

    Prosafe has now signed a contract with Statoil for the provision of the Safe Scandinavia semi-submersible accommodation vessel temporarily converted for tender support vessel (TSV) operations at the Oseberg Øst installation on the Norwegian continental shelf. The three-year firm period on site operations start is subject to existing contractual obligations with Statoil at the Snorre installation, […]

  • 26 May 2014

    Becoming a dedicated centre of excellence for tug and offshore vessel simulation and training is the ambition of IJmuiden-based 360-Control, a newly founded independent private company with two shareholders: Iskes Towage & Salvage and Damen Shipyards. 360-Control general manager Menthe de Jong: ”As such a high-level simulator is unique – there are only a few […]

  • 22 September 2015
    Business & Finance

    NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has entered into a sale and leaseback agreement with an undisclosed bank for four of its existing Kamsarmaxes. Under this agreement, the aggregate net proceeds for the four vessels was USD 92.1 million. Safe Bulkers leased each vessel back for a period of 10 years, on a net daily […]

  • 22 September 2015
    Business & Finance

    NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has entered into a sale and leaseback agreement with an undisclosed bank for four of its existing Kamsarmaxes. Under this agreement, the aggregate net proceeds for the four vessels was USD 92.1 million. Safe Bulkers leased each vessel back for a period of 10 years, on a net daily […]

  • 24 January 2019
    Business & Finance

    Prosafe has submitted the largest bid in two online auctions for the supply of safety and maintenance support vessels to Brazil.

  • 4 March 2016
    Business & Finance

    Dry bulk shipping company Safe Bulkers, Inc. has agreed to amend an existing loan facility secured by four vessels with an outstanding balance of USD 51.8 million, delaying the balloon payment initially scheduled to be made in 2019 for 2022. Under the agreed deal with Unicredit, the total consolidated liabilities of the company divided by its total consolidated […]

  • 26 January 2017
    Business & Finance, Exploration & Production

    Prosafe has secured a contract with Total to deploy one of its flotels to the UK North Sea. Under the agreement, Total E&P UK will hire the Safe Caledonia semi-submersible accommodation rig at the Elgin-Franklin offshore platform. The firm period of the contract is 134 days plus additional 30 days option to extend with on-site […]