Business & Finance
Norway: Kværner Releases 4th Quarter and Preliminary Annual Results
Kvaerner had operating revenues of NOK 3 004 million in the fourth quarter 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 249 million, resulting in an EBITDA margin of 8.3 percent. The Board of Directors proposes a dividend of NOK 1.00 per share for 2011.
Norway: NOCC Acquires Two Car Carriers
Norwegian Car Carriers ASA has signed an agreement with an undisclosed party to acquire two state of the art 6,500 CEU car carriers built in 1998 and 1999 with expected closing of the transaction in late March 2012. The total net cash investment for the vessels will be approximately USD 74.0 million
UK: Tritech Reaches Innovative Underwater Technology Milestone
Tritech International reaches a milestone in 2012 as it celebrates its 21st year in business. Tritech began with the idea to develop industry-standard sonars that rivalled the competition in both cost and size. Tritech continues this ethos to innovate, providing high performance subsea technology an
Brazil: New Directors Enter Petrobras Office
The new directors for Exploration & Production, José Miranda Formigli, and Gas & Energy, José Alcides Santoro, took office this Tuesday morning (Feb. 14) during a ceremony held at Petrobras’ main office building, in Rio de Janeiro. Taking part in the event were Petrobras’ CEO, Maria das Graças Silva
Turkey: Besiktas Shipyard to Build Ethylene Carrier
The 26 million Euro (approx USD 34.2 millon) shipbuilding contract for the construction of a new gas carrier, signed in Turkey by the end of 2011, has been officially authorized. Construction of the 9,000 cbm ethylene carrier will commence in the Asian part of Istanbul at Besiktas Shipyard of Yalova
Norway: Bourbon Announces New Charter Contracts
Bourbon announces new charter contracts for its vessels since the begining of the year. Newbuilding Bourbon Front has been awarded a contract with Allseas for pipelay support starting April this year. The contract is expected to last ca 50 days. Bourbon Front is a large Platform Supply Vessel design
South Korea: Two Wind Turbine Installation Ships Face Construction Delays
RWE Innogy, a German power company, has confirmed a six-month delay for two new ‘Seabreeze’ wind turbine installation ships. Built at South Korea’s Daewoo Shipbuilding yard, the vessels are to be used for the North Sea and Irish Sea windfarm installations. Hans Bunting, RWE’s CFO said: “There were q
Cargotec Secures Second Order from Indonesia
Cargotec’s 300th Siwertell unloader contract will see the company deliver its safe, efficient and environmentally-friendly Siwertell system to the Indonesian fertiliser producer, PT Petrokimia Gresik In January this year, Cargotec secured a second contract for a Siwertell ship unloader with the Indo
Dutch T.O.S. Expands its Oil & Gas Industry Services
Rotterdam-based T.O.S. (Transport & Offshore Services) has entered 2012 with an expansion of its services in the Oil & Gas industry. Early this year Michael Koops was appointed as Business Development Manager Oil & Gas to strengthen the positions of T.O.S. in this industry. Koops commented “T.O.S. i
Ukraine: Zaliv Shipyard Wins Two PSV Contracts from Damen
Kerch based Zaliv shipyard has renewed its cooperation with company Damen Shipyards Bergum. By the order of this company the yard will build two highly outfitted hulls of platform supply vessels of project PSV 3300. As it was told by Zaliv’s marketing director Mr. Yuriy Dovgiy, Damen Shipyards Bergu
Ukraine: Zaliv to Build Two PSV Hulls for Damen
Ukraine’s shipyard Zaliv has renewed its cooperation with Damen Shipyards Bergum (the Netherlands). By the order of Damen, Zaliv will build two highly outfitted hulls of platform supply vessels of project PSV 3300. Zaliv’s marketing director Mr. Yuriy Dovgiy said, “Damen Shipyards Bergum is long sta
Sikorsky Delivers Offshore Choppers to China
Sikorsky Aircraft Corp. has delivered two offshore utility helicopters to China Southern Airlines’ Zhuhai Helicopter Branch company, with a third delivery to occur next week, to support the offshore oil operations in the South China Sea by Zhuhai’s customers. Sikorsky is a subsidiary of United Techn
UK: VERIPOS Receives Positioning Contract from Technip
VERIPOS has recently been awarded a new three-year contract by Technip, a global project management, engineering and construction company serving the energy industry. The contract is for provision of services aboard eight of Technip’s fleet of subsea construction vessels and represents a continuatio
USA: FMC Technologies Reaches Record Subsea Revenue in 2011
FMC Technologies, Inc. reported fourth quarter 2011 revenue of $1.5 billion, up 36 percent from the prior-year quarter. Diluted earnings per share were $0.41, equal to the prior-year quarter. Total inbound orders of $1.8 billion were up 14 percent from the prior-year quarter and included $1.3 billio