MISC Berhad is acquiring a 49% interest in SBM Systems Inc and SBM Espirito Santo Inc (collectively known as FPSO Brasil companies) for US$103.23 million (RM379.88 million).
We are pleased to announce that Vroon Offshore Services (VOS) has placed an order for four Safety Standby Vessels at Damen Shipyards.
VLADIVOSTOK, Russia – A violent storm hampered Russian efforts on Thursday to rescue 14 sailors from a barge off Russia
Somali pirates have hijacked giant oil tanker near El Ade port in North Mogadishu. The tanker is reported to have recently unloaded diesel in the port.
MOSCOW, March 30 (RIA Novosti) – Russia is expected to build four vessels to deliver oil and gas under the Sakhalin II energy project being implemented on Russia’s Far Eastern island, the project operator said Thursday.
Yesterday Kazakh Defence Minister Mukhtar Altynbayev met the crews that before long will depart to Turkey for the Korean ships for the Caspian Naval Forces of Kazakhstan.
ABOARD THE POLYNESIA (AP) — The sails flap weakly as they climb the four huge masts. “Ride of the Valkyrie” blares from the speakers as a cannon booms, then fires again.
SBM Offshore NV reported full-year net profit after tax of 225.8 mln usd, up from 91.7 mln the year before, partly on the strong performance of the company’s floating production, storage and offshore loading (FPSO) fleet.
The House appropriators
Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader providing energy transportation services, today announced that it will build four, 114,000 dwt 44-meter beam Aframax tankers at the New Times Shipbuilding Co., Ltd. shipyard based in Jinjiang, China.
The Navy’s long-term submarine plans came under fire Tuesday from House lawmakers, who raised concerns that sharp reductions in the size of the subsurface fleet pose national security risks.
Just a week before the Queen of the North sank, the head of safety for BC Ferries expressed concern about the “immense complexity” of the equipment on modern ships.
Three fishermen drowned in Lake Victoria and another narrowly escaped after their fishing boat was hit by a cargo vessel.
ETA Shipping and Trading, one of the oldest arms of the diversified, Dubai-based, ETA-Ascon Group, has placed an order for two 81,200 dwt (dead weight tons) super panamax bulk carrier vessels with M/s. Universal Shipbuilding Corporation, Japan.
