Business & Finance
NCL Sees Record Earnings Despite Cuba Sanctions
The company generated GAAP net income of USD 240.2 million in the second quarter of 2019.
Meyer Werft Announces Float Out of Norwegian Encore
Norwegian Encore is scheduled to leave Meyer Werft covered building dock II on August 17.
AUXILIA Naming Ceremony at Damen Shipyards Hardinxveld
Damen Shipyards Hardinxveld last week hosted a naming ceremony for S.T. Marine Support’s new Multi Cat AUXILIA. The vessel brings the total of Multi Cats in the company’s fleet to three, following the delivery of Multi Cats 3013 ODIN in 2010 and NERO in 2013. According to Damen, AUXILIA is the first
Joint Secretary Agarwal at IADC New Delhi Event
The International Association of Dredging Companies (IADC) has confirmed Mr. Rabindra Kumar Agarwal, Joint Secretary of the Ministry of Shipping, to be a keynote speaker at their Dredging for Sustainable Infrastructure Conference which will be held on 18 October 2019 in New Delhi, India. At the even
DOF scores work on decommissioning project offshore UK
Norwegian vessel provider DOF Subsea has been awarded a contract in the decommissioning sector offshore the UK.
ecoSUB AUV to Explore Hostile Arctic Environment
An underwater robotic vehicle will go on an Arctic research mission deemed too dangerous for humans in a bid to help scientists understand the true extent of melting from Arctic glaciers. A team from the Scottish Association for Marine Science (SAMS) in Oban, led by oceanographer Prof Mark Inall, wi
ANEX Tour Sails into Cruise Sector with Saga Sapphire
The cruise ship, to be delievered in mid-2020, would sail on its maiden voyage from Antalya.
Poor Freight Rates Hurt Euronav Earnings in Q2
Euronav ended the second quarter of this year with a net loss, driven by a longer than expected freight rate weakness.
Archer swings back to the black
Oil services company Archer returned to profit in the second quarter of this year from a loss in the same period last year.
First Newcastlemax Newbuild Joins 2020 Bulkers
2020 Bulkers has taken delivery of the first of its eight 208,000 dwt newbuilds from New Times Shipyard.
Mukran Port, Hoyer to Open Fully Automated Bunker Station for Ships
Mukran Port and Hoyer are to introduce a fully automated bunker station for service vessels at the port.
Balltec Executes Pipeline Recovery Job in North Sea
Balltec has recently completed offshore pipeline recovery work on behalf of TechnipFMC Norway. Balltec provided a 10-inch PipeLOK pipeline recovery tool, which was deployed to a water depth of 314 metres. The subsea pipeline recovery tool was used to recover a 10 inch gas pipeline on Equinor’s Åsgar
AGS conducts ‘record-breaking’ seismic program off Norway
Axxis Geo Solutions (AGS) has achieved several seismic production records during an Utsira multi-client ocean-bottom node seismic program.
UK Seizes USD 48 Mn Worth of Heroin from Container
Nearly 400 kg of heroin was concealed in a shipping container within a cover load of towels and bathrobes.