Business & Finance
China: Afai Southern Launches New Catamaran Ferry for Haitong Shipping
In the afternoon of February 28, following the completion of sea trials of “XUNLONG 5”, the new type of vessel“ HAIJU” built by Afai Southern for HAITONG SHIPPING CO.,LTD.ZHUHAI S.E.Z. was launched successfully. The leaders of shipowner, CCS representatives, leaders from Guangzhou maritime departmen
USA: Orion Marine Group Reports 2011 Results
Orion Marine Group, Inc., a leading heavy civil marine contractor, today reported a net loss for the three months ended December 31, 2011, of $5.2 million ($0.19 diluted loss per share). These results compare to net income of $3.0 million ($0.11 diluted earnings per share) for the same period a year
Norway: Statoil Appoints Lars Christian Bacher as Executive Vice President for DPI
Lars Christian Bacher has been appointed executive vice president for Development and Production International (DPI) in Statoil and will take up his new position as of 1 September. Bacher will succeed Peter Mellbye who is retiring after 30 years with the company. Lars Christian Bacher holds a master
Wilhelmsen Technical Solutions withdraws its Unitor BWTS from Market (Norway)
Wilhelmsen Technical Solutions has completed a comprehensive performance verification program for the Unitor Ballast Water Treatment System (Unitor BWTS). As a result of the evaluation that followed, the company reached the decision to withdraw the current design of the Unitor BWTS from the market.
Norwegian Eidsvaag Orders Gas Powered Forage Carrier from Rolls-Royce
Rolls-Royce, the global power systems company, has won a second order for a vessel from its award winning Environship range. This gas powered ship will be used to supply feed to fish farms along the Norwegian coast. The vessel has been ordered by Norwegian company Eidsvaag AS and will operate a dema
France: CGGVeritas’ Revenue 10 Pct Up in 2011
CGGVeritas Board of Directors approved on February 29, 2012, the 2011 financial statements of the Company, on which the independent auditors are in the process of completing their audit procedures. Fourth Quarter 2011 key figures: * 2011 Revenue up 10% and Cash Flow from Operations up 36% * Operatin
USA: CSA Expands Underwater Mapping Capacity
CSA International, Inc. (CSA) has taken delivery of Shark Marine Technologies, Inc.’s Navigator, a self-contained, highly portable, diver-directed mapping system with high accuracy positioning. Accuracy and precision is critical in creating quality data and mapping products, and CSA wanted a compact
UK: Inchcape Shipping Services Adapts to Shifting Industry Dynamics
In a sector that sees many players struggling to maintain earnings, ISS lays out its new vision and explains deep changes in the way it is organised and does business. Captain Claus Hyldager, Chief Executive of Inchcape Shipping Services (ISS), the global strategic maritime and cargo services provid
USA: Markey Receives Order for Winch Systems for AGOR-27
Markey Machinery announce that it has been awarded an order for a complete suite of winch systems onboard AGOR-27, a new academic research vessel under construction at Dakota Creek Industries, (Anacortes, Washington). Sponsored by the US Navy’s Office of Naval Research, this award continues a plan t
USA: Markey Machinery Wins Order for Complete Suite of Winch Systems Onboard AGOR-27
Markey Machinery announces that it has been awarded an order for a complete suite of winch systems onboard AGOR-27, a new academic research vessel under construction at Dakota Creek Industries, (Anacortes, Washington). Sponsored by the US Navy’s Office of Naval Research, this award continues a plan
USA: Deep Down Patents ‘Loose Tube Flying Lead Assembly’
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced the United States Patent and Trademark Office has issued a U.S. Patent for its “Loose Tube Flying Lead Assembly” US 8,100,182. Acco
Singapore: Swire’s Survey Vessel Receives “Top Notch Award for 2011”
Swire Pacific Offshore Operations (Pte) Limited (SPO) announces the receipt of Fugro’s “Top Notch Award for 2011” for the performance of its 6-streamer 3D seismic survey vessel, Geo Natuna. The award was introduced by Fugro Geoteam two years ago to recognise the vessel with the lowest downtime in th
Singapore: Geo Natuna Wins Fugro ‘Top Notch Award for 2011’
Swire Pacific Offshore Operations (Pte) Limited (SPO) announces the receipt of Fugro’s “Top Notch Award for 2011” for the performance of its 6-streamer 3D seismic survey vessel, Geo Natuna. The award was introduced by Fugro Geoteam two years ago to recognise the vessel with the lowest downtime in th
Brazil: BG Group Secures Funding for Eight Santos Basin FPSOs
BG Group today announced it has received initial approval from the Brazilian Development Bank (BNDES) for up to $1.8 billion of long-term finance to fund part of the company’s interests in the pre-salt Santos Basin, offshore Brazil. Subject to further approvals and the completion of a final agreemen