Singapore Technologies Engineering Ltd (ST Engineering) today announced the resignation of Mr Quek Tong Boon as non-executive Director with effect from 1 July 2016.Mr Quek has been with the Board since 1 March 2008 and has been the Chairman of its Research…
BIMCO’s expectations remain as the oil product tanker fleet continues to grow with earnings at the lowest since Q3 in 2014. But there is still money to be made in the second half of 2016.The oil product tanker market has reached a net fleet growth of 4…
Fugro has deployed multi-purpose offshore survey vessel Fugro Gauss to join the Fugro Brasilis offshore Mexico, to help complete the world’s largest seep-hunting survey for multiclient geoscience data company, TGS.Both Fugro vessels are…
A joint industry project run by DNV GL has replicated stresses measured in an umbilical subjected to tension and bending in full-scale tests, further validating the accuracy of the analysis software Helica. DNV GL’s Helica can analyse thousands of simulations in a matter of minutes…
ABS is pursuing multiple major joint development projects (JDPs) with Keppel Offshore & Marine Technology Centre (KOMtech). The JDPs will include topics such as special purpose rigs, data analytics, and subsea technology.Senior managers…
The fatal crash of an Airbus helicopter in Norway in April was probably the result of metal fatigue in the aircraft's gearbox, the country's Accident Investigation Board (AIBN) said in a preliminary report on Tuesday, backing earlier findings…
World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday…
VOS Challenge has been delivered to Vroon according to the company spokesman. The vessel left Fujian Southeast Shipyard (FSES) in Fuzhou, China on Thursday 23 June at the start of her journey to Thailand, where she will be delivered to charterers PTTEP…
Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds. Sterling suffered a record plunge…
Statoil has decided to launch a large project to write the story about the company for its 50th anniversary in 2022. The University of Oslo has been chosen the main supplier in a project that will also involve other Norwegian research institutions…
Grovfjord Mek. Verksted AS (GMV) has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a fish farm support vessel called GMV ZERO. GMV will utilize Corvus’ next generation Orca Energy ESS to support…
21 June 2016. GTT and the Endel company1 reaffirmed their collaboration in the area of LNG as a marine fuel, following the recent signature of a Technical Assistance and License Agreement (TALA) for the construction of GTT membrane containment systems…
Hess Denmark ApS has awarded a contract to DNV GL to provide asset integrity inspection management of its South Arne field including Risked Based Inspection (RBI) services and Non-Destructive Testing (NDT) inspection services. The contract…
Mexico's state oil company Pemex said on Tuesday it had named Isaac Volin Bolok as head of its commercial arm, PMI Comercio Internacional. Volin Bolok will replace Jorge Sanchez and start the post on June 27. He previously served as the…
With the latest release of Sesam HydroD software for floating structures, DNV GL is now offering a completely new and pioneering stability analysis solution that allows for hydrodynamic and stability analysis on one common model, giving naval…