Business & Finance
NKT Cables Reports Third Quarter Results (Germany)
NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For NKT Cables, the factory in Cologne showed improved productivity but continued to impact earnings nega
Russia: SCF Group Marks 5th Anniversary of Its LNG Fleet
SCF Group marked five years of work as an independent gas operator of liquefied natural gas (LNG), making a breakthrough into a new market segment, previously unavailable for Russian companies. Today, the SCF fleet has six LNG vessels and two LPG (liquefied petroleum gas)tankers, which are servicing
NKT Cables Announces Q3 Results (Germany)
NKT’s revenue development for 3rd quarter 2011 was in line with expectations. Earnings increased by 15%, positively influenced by satisfactory results for both Nilfisk-Advance and NKT Flexibles. For nkt cables, the factory in Cologne showed improved productivity but continued to impact earnings nega
UK: Alnmaritec Announces Delivery of WFSV Dalby Esk
Alnmaritec, the specialist aluminium boat builder based in Northumberland, recently announced the delivery of ‘Dalby Esk’ the second of the new ‘Wave Master ‘class of wind farm support vessels, to Dalby Offshore Renewables. The new vessel has a multi-purpose capability for survey and dive support as
PSA Norway Inspects Telecommunications Systems on Gjoa
The Petroleum Safety Authority Norway (PSA), with technical assistance from Telenor Maritime Radio, Radio Inspection, conducted an audit of the Gjøa facility during the period 26-27 September 2011. The audit was a planned activity with a basis in the PSA’s prioritisation of major accident risk. The
UK: Wood Group PSN Wins North Sea Contracts from Talisman Energy
Wood Group PSN has been awarded a new five-year contract, with an option to extend for a further five years, from Talisman Energy (UK) Limited, a subsidiary of Talisman Energy Inc, to provide Operations and Maintenance Services on all 11 of Talisman’s UK offshore assets and at the Flotta Oil Termina
Wood Group PSN Wins Major UK North Sea Contract from Talisman
Wood Group PSN,an international energy services company, has been awarded a new five-year contract, with an option to extend for a further five years, from Talisman Energy (UK) Limited, a subsidiary of Talisman Energy Inc, to provide Operations and Maintenance Services on all 11 of Talisman’s UK off
France: KSB Group to Deliver Butterfly Valves for 20 Liquefied Gas Tankers
The KSB Group will deliver cryogenic butterfly valves for 20 liquefied gas tankers by the end of 2012. Each of the ships will be supplied with about 80 of these expensive special valves that are technically demanding to manufacture. Norwegian, Greek and Russian shipping companies are the contractors
Germany: Rickmers Group Appoints New CFO
Dr Ignace Van Meenen has taken up the position of Chief Financial Officer (CFO) of the Rickmers Group effective 1 October 2011. In this function, Dr Van Meenen will press ahead with the realignment of the group of companies to enable it to respond faster and more flexibly to the demands of changing
Greece: NewLead Holdings Receives New Addition in Its Fleet
NewLead Holdings Ltd., an international shipping company owning and operating tankers and dry bulk vessels, announced that on November 10, 2011, the “Newlead Gujarat,” a new geared Kamsarmax dry bulk vessel of 79,263 dwt, was delivered from Cosco Dalian Shipyard Co. to NewLead’s fleet. The “Newlead
UK: Underwater Centre Announces New Course for ROV Professionals
A leading subsea training centre has announced a new course for ROV professionals. The Underwater Centre in Fort William has developed the ‘Fibre-optic Termination’ training course, specifically from feedback received from the industry on new demands being placed on employees. The two day course tak
The Netherlands: Future Looks Great for IHC Merwede
A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
UK: Cathelco Provides Pipework Anti-fouling System for Ore Carrier Berge Stahl
Cathelco have supplied seawater pipework anti-fouling equipment for the Berge Stahl, the world’s second largest ore carrier which has recently been refitted in Singapore. With a length of 343 metres and a capacity of 364,767 dwt the Norwegian vessel owned by Berge Bulk was the largest bulk carrier i
Norway: Schat-Harding Launches Secondary Safety Systems for IMO-compliant Hooks
Leading lifeboat manufacturer and service provider Schat-Harding has completed all tests required by IMO to ensure that its SeaCure lifeboat release and retrieval systems (the new name for hooks) meet the new IMO guidelines for existing and new lifeboats. And reacting to industry requests Schat-Hard