ABS, a provider of classification services to the global offshore industry, was selected by Nakilat-Keppel Offshore & Marine (N-KOM) to class the first self-elevating unit ever to be built in Qatar. The project also will be the first offshore newbuild project undertaken by the ASME and API accredite
The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, Fitch Ratings says.
Global marine terminal operator DP World announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the Company before separately disclosed items of $332 million, 40.8% ahead of the first half of 20
Ackermans & van Haaren realized a net profit in the first half of 2014 of 96.4 million euros, an increase by 1.6 million euros (+1.6%) over last year. The increase of the half-year profit is primarily thanks to a substantial improvement (+31.9 million euros) in the result of the participations, amou
Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry.
SBI Offshore Limited has secured a US$24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters. SGX Catalist-listed SBI Offshore said its wholly owned subsidiary, SBI O&M Pte. Ltd., signed the contract with a Middl
Egypt to Build New Canal Alongside Suez Canal Egypt’s President Abdel Fattah al-Sisi attended the ceremony of launching the Suez Canal Axis Development Project at the Suez Canal Authority (SCA) club, Ismailia governorate. Boskalis Posts Record Profit in First Half Year Royal Boskalis Westminster N
Designed in Monaco, built in Dubai, shipped to South Korea and for use off Australia, the turret is an example of the truly global nature of this project.
The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where the facility is under construction. The turret is part of a mooring system designed to ensure Prelude FLNG
Royal Boskalis Westminster N.V. has announced the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10 million of its own shares. The program will be executed in t
Royal Boskalis Westminster N.V. realized a net profit of EUR 253 million in the first half of 2014 (H1 2013: EUR 123 million). Revenue rose 21% in the first half of the year to EUR 1.5 billion (H1 2013: EUR 1.3 billion). Organic revenue growth was 13.4%. EBITDA amounted to EUR 466 million in the [&h
The Teledyne Marine Acoustic Imaging Group, consisting of RESON, BlueView and Odom Hydrographic, will hold the Underwater Technology Seminars (UTS) in Hamburg (September 16-18), Boston (October 7-9) and Singapore (December 1). At the 3-day seminars in Hamburg and Boston the theme is: “Hydrography in
The Liebherr HS 8300 HD Hybrid duty cycle crawler crane weighing over 350 tonnes offers a powerful hybrid drive. When designing the new duty cycle crawler crane Liebherr paid special attention to an extended service life of the machine. In the animation you can see this machine in dredging applicati
Thordon Equipment Shows Great Results on DEME’s “D’Artagnan” Water lubricated Thordon Composite cutterhead shaft bearings have performed well for 9 years on one of the largest cutter suction dredgers in the world – Dredging, Environmental and Marine Engineering N.V. (DEME)’s D’Artagnan (28,200 kW to
