Business & Finance
Awilco Expects to Recover All Costs Related to WilForce Collision
Awilco has a substantial claim towards the ship responsible for the collision and expects to collect same in due course.
Uljanik Plovidba Becomes Alpha Adriatic
Uljanik Plovidba is changing its name to Alpha Adriatic.
Maersk Drilling gets more North Sea work
Danish offshore drilling contractor Maersk Drilling has been awarded more work for one of its jack-up rigs in the Dutch North Sea.
Renewables Boost for Olympic Subsea
Olympic Subsea has reported profit of NOK 8.4 million (close to $1 million) for the quarter ended June 30, 2019, versus net loss of NOK 3 million ($330K) same time last year. The Oslo-listed company generated operating income of NOK 183 million for the second quarter of 2019, compared to NOK 178 mil
AMOG Adds Renewable Energy Engineer in Falmouth
AMOG, a marine engineering consultant, has recruited Peter Mazurenko as a Renewable Energy engineer for its Falmouth office, thanks to the support of the Marine-i project. Peter grew up in Cornwall and attended school in Penzance, before graduating with a first class honours degree in Mechanical Eng
Olympic Subsea Swings to Profit
Olympic Subsea has reported profit of NOK 8.4 million (close to $1 million) for the quarter ended June 30, 2019, versus net loss of NOK 3 million ($330K) same time last year. The Oslo-listed company generated operating income of NOK 183 million for the second quarter of 2019, compared to NOK 178 mil
Two Ultramax Newbuilds to Join Belships Fleet
Belships has agreed seven-year bareboat charters for two Ultramax newbuilds.
Hunter Agrees 5-Year Sale and Leaseback Deal
The company said that the deal was agreed “at highly attractive terms.”
TGS Names New Executive Team After Spectrum Acquisition
TGS-NOPEC Geophysical has announced a new executive team following the finalization of acquisition of Spectrum. The company completed the acquisition of Spectrum, creating a global multi-client geophysical data provider, on August 14. The team, led by CEO Kristian Johansen, consists of the following
Oceaneering Relocates Aberdeen Ops to New Site
Oceaneering International has announced plans to relocate its Aberdeen operations, combining seven properties into one office location and a new purpose-built workshop. The relocation efforts will enable Oceaneering to support continued growth in the U.K., Europe, Africa, and Middle East regions and
Drewry: Tanker Scrapping Activity to Revive before Surging in 2020
Scrapping activity is to rekindle due to IMO’s Ballast Water Management Convention.
Sovcomflot Returns to Profit amid Improved Market Conditions
The company is cautiously optimistic about the results for the second half of the year and prospects for 2020.
IADC Presents New Article on Numerical Investigation of the Head
International Association of Dredging Companies (IADC) recently released a new article titled “Numerical investigation of the head and unsteady flow characteristics of a dredge pump loading high-concentration sands”. The article presents research which numerically simulates the unsteady water flow a
Solstad Narrows Quarterly Loss
Oslo-listed Solstad Offshore has recognized loss of close to NOK 343 million ($38 million) for the second quarter of 2019, compared to loss of NOK 788 million ($87 million) from the prior-year comparable period. The Norwegian vessel owner’s operating revenue for the second quarter 2019 increased sli