The strain of low oil prices on the offshore and marine sector was in full display as the world’s second-largest builder of oil rigs Sembcorp Marine Ltd posted its first quarterly loss in at least 12 years. The company took impairment…
Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW. In June 2014, the companies entered into a contract with Ocean…
Hull performance monitoring solutions can offer significant fuel savings potential, a fact that is prompting growing interest from the maritime industry. To spur development and increase awareness of this exciting field, DNV GL and paint manufacturer…
André Meijer will step down from his position as CEO of Huisman, with immediate effect. The company said it will implement an internal solution and adjust the management structure accordingly, if required. Joop Roodenburg will remain involved…
EdgeTech welcomes John DeMille for sales, service and support in search and recovery (SAR) side scan sonars John DeMille has joined EdgeTech as Product Line Sales Engineer. DeMille has over 40 years in the marine industry and is well known by police…
Northern Lights, a manufacturer of marine power generation and climate control products, announced the appointment of Kit Purdy as new Global Sales Manager.Purdy’s responsibilities will include day-to-day management of the sales department and staff…
Repair yard Grand Bahama Shipyard Limited (GBSL) is in store for a busy year, with 20 cruise vessels booked for repair, maintenance and overhaul work in 2016. The scope of projects includes propulsion and technical systems overhaul, accommodations…
FURUNO ELECTRIC CO., LTD. announced that its new subsidiary in Hong Kong has been established and has commenced business operation on February 1, 2016. The new subsidiary, FURUNO CHINA CO., LIMITED (FCN) is FURUNO's wholly-owned subsidiary company incorporated in Hong Kong…
Lubricants manufacturer METALUBE continues its global expansion by opening an office in Dubai, creating METALUBE Arabia. Nick Pomeroy, who has worked in the region for past 10 years, will head the new operations. “This is an exciting…
“We don’t usually remove the heads at mid-life on the Cummins engines,” Randy Beckler, Shore Engineer for Seaspan Marine, explained in reference to the 2003 launched Seaspan Venture’s third like-for-like repower. The repower was completed in the first week of February 2016…
The U.S. Coast Guard published guidance that allows mariners to use electronic charts and publications instead of paper charts, maps and publications. Issued February 5, the Navigation and Vessel Inspection Circular, NVIC 01-16 establishes…
The International Maritime Organization (IMO) has published revised guidelines for onboard operational use of shipborne automatic identification systems (AIS), as Resolution A.1106(29). These are operational guidelines, developed to promote the safe and effective use of AIS…
Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material handling equipment centered on forklift trucks, engines and turbochargers. The new…
Salvare Worldwide, specialists in the design, manufacture and supply of safety and survival equipment to the military, water sports, commercial and leisure marine industry, have just announced its recent appointment of Mark Rees as Sales Director…
DNV GL’s Maritime CEO Knut Ørbeck-Nilssen recently met with Konstantin Palnikov, Director General of the Russian Maritime Register of Shipping (RS), at the RS head office in St. Petersburg to sign a bilateral framework agreement for cooperation between both class societies During the talks…