Business & Finance
UK: Cygnus Tests its Equipment at The Underwater Centre
A multi-national offshore technology company has chosen a leading subsea testing and training facility in Scotland to test and photograph its latest product, which was launched earlier this week. Cygnus Instruments decided to use subsea trials and training centre, The Underwater Centre, based in For
Germany: BBC Chartering Furthers Fleet Upgrade
Leading German multipurpose & heavy lift operator BBC Chartering reports it took delivery of three new building vessels in January 2012. As part of the extensive fleet renewal and modernization program the company announced previously, the ‘BBC Amethyst’, the ‘BBC Belem’, and the ‘BBC Mont Blanc’ no
UK: S3 Scoop New Enterprise Award at Subsea 2012
Specialist Subsea Services (S3) celebrated success at last night’s Subsea UK awards after being named winners of the much coveted New Enterprise award. S3, the only company to reach the final in more than one category, was recognised for its vision in business development and its contribution to the
S3 Wins New Enterprise Award at Subsea UK
Specialist Subsea Services (S3) celebrated success at last night’s Subsea UK awards after being named winners of the prestigious New Enterprise award. S3, the only company to reach the final in more than one category, was recognised for its vision in business development and its contribution to the
UK: VERIPOS Names Richard Turner as Global Business Development Manager
VERIPOS has appointed Richard Turner as Global Business Development Manager, responsible for all aspects of developing and acquiring new business for VERIPOS for all market sectors on a global basis. The role will incorporate all aspects of the business generation process including sales strategy fo
Norway: Kongsberg Reports Good Performance in Q4 2011
KONGSBERG reports good performance in Q4 2011, laying a sound foundation for 2012. Q4 revenues totalled MNOK 3 883. The EBITA came to MNOK 544. This results in an EBITA margin for the Group of 14.0 per cent, compared with 18.5 per cent in Q4 2010. Earnings per share (EPS) came to NOK 2.98 in [&helli
Norway: Det Norske Gets Go-Ahead for Steingeita Drilling
Det norske has been given the approval by the Norwegian authorities to drill the Steingeita prospect, in production license 460. Det norske was awarded the license in the 2007 Awards in Predefined Areas (APA) round. The well is located in the central part of the North Sea, some 175 kilometers west o
Finland: Wartsila, MAN Enter Next Phase of HERCULES Project
World-leading low- and medium-speed engine manufacturers, Wärtsilä and MAN Diesel & Turbo, announce the kick off of the next phase of the extensive, long-term HERCULES research programme. The overall vision of the programme is to achieve sustainable and safe energy production from marine power plant
Cyprus: SeaBird Receives LoA for 2D Seismic Work
SeaBird Exploration PLC has received a Letter of Award for a major contract of 2D seismic work for the entire summer season from a major client. The contract represents a value in the range of US$ 11-13 million. The work will commence during mid-March 2012, and will be carried out using the 2D vesse
Norway: Havyard Secures Major Contract for Construction of Subsea Vessel
Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel. The Herøy-based company Havyard Group AS has secured a new and prestigious subsea contract with a brand new customer. Forland Shipping`s main offices are located just south of Bergen and i
Russia: Hotchya Marine Delivers Large Freezer Trawler
Hotchya Marine Design has completed the construction and sea trials of a large freezer trawler, General Troshev, and delivered it to the customer. The design of large freezer trawler General Troshev allows the vessel to catch fish using bottom and mid-water trawling. The vessel is built for a certai
Norway: Havyard Group Nets Contract for Subsea Vessel Construction
Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel. The Herøy-based company Havyard Group AS has secured a new and prestigious subsea contract with a brand new customer. Forland Shipping`s main offices are located just south of Bergen and i
Finland: Construction on Viking’s New Passenger Vessel Progresses
Construction work on Viking Line’s new passenger vessel NB 1376 is notably progressing at the STX Finland shipyard in Turku. The section 630 of this 214 m inspiring and exciting newbuild is currently being assembled. Delivery of the ice class 1 A Super vessel is expected in January 2013, and she wil
The Netherlands: Peters Shipyards Introduces LNG Greenstream Tanker
Towards the end of 2012, Interstream Barging puts the first gasoil free LNG Greenstream Tanker into use. This innovation for inland navigation has been developed by Peters Shipyards and will be built entirely in the Netherlands. Under the name LNG Greenstream Tanker both parties have, in close coope