Business & Finance
Canada: ShawCor Releases Third Quarter Results
ShawCor Ltd. Announces Third Quarter 2011 Results. * Third quarter revenue of $271 million declined by 4% from the $283 million reported in the third quarter of 2010 but was marginally higher than the $265 million reported in the second quarter of 2011. * EBITDA in the third quarter was $12.5 millio
UK: Dron & Dickson Optimistic about Future
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has reported growth in 2010/11 of more than 14.5% with turnover rising to £27.6 million from £24.1million. Pre-tax profits of just under £1million were recorded in the 12 months to the end of May, co
Dron & Dickson Reports Growth in 2010/11 of 14.5 pct (UK)
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has reported growth in 2010/11 of more than 14.5% with turnover rising to £27.6 million from £24.1million. Pre-tax profits of just under £1million were recorded in the 12 months to the end of May, co
Italy: RINA Acquires D’Appolonia Engineering Consultancy
International classification society RINA has taken control of the D’Appolonia Group, a global engineering consultancy headquartered in Genoa. The acquisition of an 80 per cent holding in D’Appolonia SPA significantly strengthens RINA’s global engineering consultancy and takes RINA’s projected 2012
Energy Costs Rising Due to Renewables Law (USA)
A Massachusetts law requiring utilities to purchase more electricity from renewable energy sources has helped make the state more… (Associated Press) [mappress] Source: Associated Press, November 10, 2011;
USA: General Dynamics Wins Contract to Design and Build SMCM UUV
The U.S. Navy’s Naval Sea Systems Command has awarded General Dynamics Advanced Informational Systems a contract to design and build the Surface Mine Countermeasure Unmanned Underwater Vehicle (SMCM UUV) system. The system will initially be a part of the Littoral Combat Ship Mine Warfare mission pac
USA: Huntington Ingalls Secures Contract for Nuclear Powered Submarines
Huntington Ingalls, Inc., Newport News, Va., is being awarded an $8,673,842 cost-plus-fixed-fee level of effort contract for planning and design yard functions for standard Navy valves in support of nuclear powered submarines. This contract includes options, which, if exercised, would bring the cumu
Eight Foreign Ships Under Detention in UK Ports During September 2011
The Maritime & Coastguard Agency (MCA) announced today that 8 foreign flagged ships were under detention in UK ports during September 2011 after failing Port State Control (PSC) inspection. Latest monthly figures show that there were 4 new detentions of foreign flagged ships in UK ports during Septe
PSA Norway Releases Report on Activities and Challenges in Far North
Technological and operational issues which must be overcome for Norwegian petroleum operations above the Arctic Circle have now been assembled in a single document. The report on Technology and operational challenges for the high north has been commissioned by the Petroleum Safety Authority Norway
W&O Supply Establishes Office in Brazil
W&O Supply, North America’s largest supplier of marine valves, pipe, fittings, engineered products, valve automation and data management systems, announced that it has established operations in Brazil, with the first office located in Rio de Janeiro. Establishing a Brazilian presence is an important
Jasper Awards Rig Conversion Contract to CMIH (China)
Jasper Investments Limited (“Jasper”) announced that it has awarded a US$73.6 million contract to a subsidiary of the China Merchants Industry Holding Co., Ltd (“CMIH”) to retrofit and convert its Neptune Finder (“Finder”) semi-submersible into an accommodation vessel / floatel. The contract between
South Korea: HHI Holds Naming Ceremony for Odfjell Drilling’s New UDW Drillship
Thursday 10th of November 2011 Deepsea Metro II naming ceremony was officially held in Ulsan at the Hyundai Heavy Industries yard. This is the fourth successful ultra deep water vessel delivery for Odfjell Drilling, with regards to project planning, delivery and excellent HSE performance. “This is
German Based BBC Chartering Announces Additional Trans-Atlantic Service
Leading German heavy lift shipping operator BBC Chartering announces the commencement of a new monthly liner service that connects loading ports in the Mediterranean with the East Coast of Latin America starting November/December 2011. With this step the company responds to the solid demand it encou
Canada: Keith La Rose Joins OceanWorks as Business Development Manager
OceanWorks welcomes Keith La Rose to the team in the position of Business Development Manager – Military in their Vancouver office. Acting as Business Development Manager for the military industry, Keith’s primary function will be to expand OceanWorks’ penetration of the military market by further r