Business & Finance
Jensen Maritime Designs Tenth Tugboat for McAllister Towing
Jensen Maritime Consultants, a Crowley Maritime Corporation company, recently began designing a new vessel, theEric M. McAllister, a 5,150 horsepower, twin Azimuth Stern Drive (ASD) tugboat, for McAllister Towing. This vessel, which will be built by Senesco Marine LLC of North Kingstown, R.I., will
Aquaterra Opens New Office in Aberdeen, UK
Sealing its position as a leading supplier of specialist offshore engineering solutions, Aquaterra Energy has opened a new office in the heart of the UK Oil and Gas industry, Aberdeen. Located on Albyn Terrace in Aberdeen’s West End, the Aquaterra Energy Aberdeen team comprises specialist Analysts a
ABB Acquires Amarcon (The Netherlands)
ABB, the leading power and automation technology group, has agreed to acquire Amarcon BV, a Dutch company that develops and markets software solutions for the shipping industry. The acquisition will expand ABB’s advisory systems offering for customers in the maritime sectors. The transaction is expe
USA: Diamond Offshore Achieves Strong Operating Results
Diamond Offshore Drilling, Inc. reported net income for the second quarter of 2012 of $201.5 million, or $1.45 per share on a diluted basis, compared with net income of $266.6 million, or $1.92 per share on a diluted basis, in the same period a year earlier. Revenues in the second quarter of 2012 we
GAC Shipping UK Completes Installation of Conwy Platform
GAC Shipping UK has completed the successful installation of the Conwy platform 40 miles off the port of Liverpool, only two months after a tug carrying the rig’s jacket and topside – each weighing in at over 700 MT – set off from Rotterdam. GAC’s Liverpool office was appointed by Dutch heavy civil
ULSTEIN Designs Nominated for 2012 Innovation Awards (Norway)
Three ULSTEIN developed designs were appointed as nominees for innovation awards in 2012, the ULSTEIN Windlifter, the Northern Light Drill Tower and the Polarcus Amani. The ULSTEIN Windlifter, developed by Dutch companies Ulstein Idea Equipment Solutions and Ulstein Sea of Solutions, is a turbine in
Norway: ULSTEIN Developed Designs Nominated for Innovation Awards in 2012
Three ULSTEIN developed designs were appointed as nominees for innovation awards in 2012, the ULSTEIN Windlifter, the Northern Light Drill Tower and the Polarcus Amani. The ULSTEIN Windlifter, developed by Dutch companies Ulstein Idea Equipment Solutions and Ulstein Sea of Solutions, is a turbine in
Norway: ULSTEIN Designs Appointed as Nominees for Innovation Awards
Three ULSTEIN developed designs were appointed as nominees for innovation awards in 2012, the ULSTEIN Windlifter, the Northern Light Drill Tower and the Polarcus Amani. The ULSTEIN Windlifter, developed by Dutch companies Ulstein Idea Equipment Solutions and Ulstein Sea of Solutions, is a turbine in
Siemens’ Tronic Creates New Job Openings (UK)
Siemens has announced that Tronic, a Siemens subsea business based in Ulverston will create 70 new roles at its Subsea Excellence Centre in Cumbria. This represents the biggest intake of employees and apprentices ever for the business. Tronic, a Siemens subsea business is recognised as a world leade
The Netherlands: Fairstar Confirms Commitment to Third New Build Vessel
Fairstar Heavy Transport N.V. (“Fairstar”) confirms that on 3 May 2011 Fairstar had entered into a Shipbuilding Contract with a face value of USD 110 million with China Shipbuilding Trading Company Limited (“CSTC”) and Guangzhou Shipyard International Company Limited (“GSI”) concerning the acquisiti
Amels’ Superyacht Support Vessel at Monaco Yacht Show
The sleek looks of the Sea Axe 6711 at the Monaco Yacht Show will demonstrate that superyacht support vessels don’t have to look ugly to get the job done. Dutch superyacht builder Amels will be displaying the SEA AXE 6711, a 67-metre Fast Yacht Support vessel. The sleek, axe-bowed vessel was constru
Dutch Fairstar Confirms Commitment to Third New Build Vessel
Fairstar Heavy Transport N.V. (“Fairstar”) confirms that on 3 May 2011 Fairstar had entered into a Shipbuilding Contract with a face value of USD 110 million with China Shipbuilding Trading Company Limited (“CSTC”) and Guangzhou Shipyard International Company Limited (“GSI”) concerning the acquisiti
Reliance’s GTI Trust to Sell Its Stock to Four Funds (India)
According to BusinessWeek, Temasek Holdings Pte and China Investment Corp. agreed to invest in Global Telecommunications Infrastructure Trust’s initial public offering in Singapore. The undersea cable unit of Reliance Communications Ltd., GTI Trust (GTI), is selling $250 million to $300 million of s
WSS Provides Safe Passage through Northern Sea Route
Wilhelmsen Ships Service (WSS) is helping clients execute voyages through the Northern Sea Route (NSR) as this new trade lane begins to open up new opportunities for shipping. WSS is working with Russian Arctic shipping specialist Rosatomflot for ice-breaking assistance and has developed a programme