Business & Finance
Norway: DOF Posts Q2 Results
DOF today announced second quarter 2011 results. Group income for Q2 totalled NOK 1,581 million (NOK 1,521 million), with an operating result before depreciation (EBITDA) of NOK 495 million (NOK 485 million). Utilization rate for the subsea fleet in Q2 was 91%, with 92% for the supply fleet. The Gro
Germany: Jungerhans Shipping Takes Delivery and Charter MV ‘SENDA J’
On August 10th 2011, MV “SENDA J” was taken over from the shipyard and charter employment was commenced under the charter name MV “INDUSTRIAL FAITH”. Herm Jüngerhans traveled to China in order to accept the delivery and receive the necessary documents and certificates. He praised the high quality of
The Netherlands: SBM Offshore Records First Half Net Loss of USD 250.8 Million
SBM Offshore today announced half-year results for 2011. Financial Highlights Turnover of US$ 1,461 million (US$ 1,378 million in H1 2010); EBITDA of US$ 359.7 million (EBITDA of US$ 293.5 million in H1 2010); US$ 450 million impairment charge booked in H1 2011, as already announced on 28 July 2011;
Switzerland: Transocean Announces Management Changes
Transocean Ltd. announced today the following management appointments, effective immediately. Ricardo H. Rosa has been named Executive Vice President and Chief Financial Officer. Prior to being named to his current position, Mr. Rosa served as Senior Vice President and CFO. Arnaud A.Y. Bobillier has
Norway: DOF Announces Second Quarter Results 2011
DOF today announced second quarter 2011 results. Group income for Q2 totalled NOK 1,581 million (NOK 1,521 million), with an operating result before depreciation (EBITDA) of NOK 495 million (NOK 485 million). Utilization rate for the subsea fleet in Q2 was 91%, with 92% for the supply fleet. The Gro
The Netherlands: APM Terminals Announces Strong Midyear Results
APM Terminals earned $2.212 billion USD in revenue during the first six months of 2011, representing a 6% increase over the same period in 2010, and generating $304 million USD in profits as the company continued to aggressively expand into high growth markets. Portfolio expansion In the first half
The Netherlands: APM Terminals Announces Strong Midyear Results
APM Terminals earned $2.212 billion USD in revenue during the first six months of 2011, representing a 6% increase over the same period in 2010, and generating $304 million USD in profits as the company continued to aggressively expand into high growth markets. Portfolio expansion In the first half
Norway: Odfjell Announces Crystal Pool Joint Venture
ODFJELL announces the formation of Odfjell Euroceanica As, a 50/50 Joint Venture between Odfjell SE and Euroceanica Ltd. The J/V will trade all vessels currently operated by Crystal Pool and Odfjell Europe in the European short sea market. The J/V will commercially manage and operate a fleet of 14 s
Rolls Royce Gets Order to Design and Equip Two OSVs for Brasil Supply
Rolls-Royce, the global power systems company, has won an order to design and equip two UT 735 SE offshore supply vessels for Brasil Supply. The order is worth £15 million to Rolls-Royce. The contract includes vessel design and an integrated Rolls-Royce equipment system including propulsion, deck ma
New Platform Supply Vessel TROMS CAPELLA Arrives in Norway
TROMS CAPELLA has arrived to Norway after a successful transit from GOA and is being prepared for new missions in the North Sea. Troms Offshore Management AS received their latest vessel from the shipyard in Cochin, India. The ship, a platform supply vessel (PSV),will this autumn start operating in
Romania: GSP Acquires New Pipelay Vessel Acergy Falcon
Grup Servicii Petroliere SA (“GSP”) today announces buying the pipelay vessel Acergy Falcon from Subsea 7. Falcon is a highly versatile DNV classed pipelay vessel, 153 meters long, capable of installing rigid pipelines up to 14 inch diameter and also flexible flowlines and umbilicals. GSP expects to
Romania: GSP Acquires New Pipelay Vessel Acergy Falcon
Grup Servicii Petroliere SA (“GSP”) today announces buying the pipelay vessel Acergy Falcon from Subsea 7. Falcon is a highly versatile DNV classed pipelay vessel, 153 meters long, capable of installing rigid pipelines up to 14 inch diameter and also flexible flowlines and umbilicals. GSP expects to
New Platform Supply Vessel TROMS CAPELLA Arrives in Norway
TROMS CAPELLA has arrived to Norway after a successful transit from GOA and is being prepared for new missions in the North Sea. Troms Offshore Management AS received their latest vessel from the shipyard in Cochin, India. The ship, a platform supply vessel (PSV),will this autumn start operating in
Romania: GSP Acquires New Pipelay Vessel Acergy Falcon
Grup Servicii Petroliere SA (“GSP”) today announces buying the pipelay vessel Acergy Falcon from Subsea 7. Falcon is a highly versatile DNV classed pipelay vessel, 153 meters long, capable of installing rigid pipelines up to 14 inch diameter and also flexible flowlines and umbilicals. GSP expects to