Business & Finance
Greece: TOP Ships Announces Corporate Developments
TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that the Company’s Board of Directors voted unanimously to reduce the size of the Board of Directors from seven Directors to
Russia: Hydrographic Ship GS-86 Returns from Survey Mission in Black Sea Fleet
Black Sea Fleet (BSF) hydrographic ship GS-86 returned from survey mission in the Black Sea Fleet. Within the responsibility zone of BSF Hydrographic Service spreading from Ai-Todor Cape to Tarhankut Cape, the crew has performed night inspection of lighthouses and marine lights, tested leading beaco
Switzerland: ABB Reports Solid Fourth Quarter Results
ABB reported an increase in profitability in the fourth quarter of 2011 on a combination of strong revenue growth and cost savings. For 2011, the company reached $40 billion in orders for the first time ever and reported record revenues of $38 billion. Operational EBITDA, the measure of profitabilit
UK: Coastline Surveys Support MoD’s Dredge Campaign in Portsmouth Harbour
Coastline Surveys Ltd has completed a major contract for a geotechnical survey and laboratory analysis in support of the MoD’s capital dredge campaign in Portsmouth Harbour. The programme is to support the extensive upgrade and deepening of the channel. The pre-dredge geotechnical survey involved th
UK: Prysmian Wins EUR 800 Million Subsea Cable Gig
Prysmian Group, world leader in the energy and telecom cables and systems industry, has been awarded a record contract worth approximately 800 million Euro, the highest value ever awarded in the cable business, for the development of Western HVDC Link, a new submarine High Voltage Direct Current (HV
Emerson to Automate Azerbaijani Offshore Platform
Emerson Process Management has been awarded a multi-million-dollar contract to automate a new offshore platform in the Azerbaijan sector of the Caspian See, by the BP operated Azerbaijan International Operating Company (AIOC). The Chirag Oil Project, to be completed in 2013 and operated by BP Azerba
Dryad Maritime Opens New Anti-piracy Centre in Portsmouth, UK
A new state of the art global anti-piracy centre has been unveiled in Portsmouth, helping Shipowners and Charterers to save hundreds of thousands of pounds on Maritime Security. The centre opens one week before senior representatives from around the world arrive in the UK to discuss breaking the pir
OceanWorks Completes ADS’ Major Upgrade and Survey for Turkish Navy
OceanWorks International announces the successful delivery of a major system upgrade, Lloyd’s certification renewal and completion of sea trials for the Turkish Navy’s Atmospheric Diving Suit system. After 5 years of operation, the Turkish HARDSUIT™ Atmospheric Diving System (ADS) was returned to Oc
Nautronix Scoop Innovation & Technology Award at Subsea UK
Nautronix are delighted to have won the Innovation and Technology Award, sponsored by Simmons & Company International for their NASeBOP (Nautronix Emergency BOP Acoustic Control) System at the Annual Subsea 2012 Business Awards. This prestigious award is a major achievement in recognition for the ad
Voith Turbo Opens New Marine Division Office in Hamburg, Germany
Since January 2012, the Voith Turbo market division Marine has been present in the Port of Hamburg with its own office managed by naval architect Sigurd Hildebrandt. In the new Große Elbstraße 42 offices, Voith not only supports customers with regard to all propulsion matters but will also establish
PGS Announces Second Cyprus License Round
The second license round offshore Cyprus opened 11th of February 2012. There will be official opening presentations by the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus in Houston 22nd of February at the International pavilion at NAPE and in London at APPEX 6th of March. Licen
Norway: NOCC Appoints New CEO
The CEO of Norwegian Car Carriers ASA Mr. Lars Solbakken has accepted an offer for the position as CEO of another shipping company and has consequently given his notice of resignation as CEO of Norwegian Car Carriers ASA. The effective date of the resignation is 29 February 2012. The board has appoi
PGS Offers Data Packages for Cyprus’ 2nd License Round
The second license round offshore Cyprus opened 11th of February 2012. There will be official opening presentations by the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus in Houston 22nd of February at the International pavilion at NAPE and in London at APPEX 6th of March. The r
UK: Petrofac Buys KW
Petrofac, the international oil & gas service provider, has acquired the Fetcham-based KW Limited (KW). KW Limited, which also has an office in Aberdeen, is a high-end subsea pipeline consulting and engineering services business with an established reputation in the subsea pipeline market. As at 31