Maersk Drilling delivered a profit of USD 218m (USD 117m) in the second quarter of 2015. The result was positively impacted by continued strong operational performance, fleet growth, general cost savings and a USD 29m payment related to the divestment of the Venezuelan activities in 2014…
Allcargo Logistics has announced the acquisition of two additional vessels aggregating 24000 DWT. for its coastal shipping business. Post this acquisition Allcargo now owns a total of five cargo vessels making it one of the largest players in the logistics industry…
Pon Holdings BV will take over part of the bankrupt Royal Imtech, a leading company in the global maritime market. Dutch engineering services company Imtech Marine will continue to operate independently after the acquisition. Parcom Capital is also partnering in this acquisition…
Pon Holdings and Parcom Capital announced they have agreed to buy Imtech Marine, the marine division of Dutch engineering services company Royal Imtech who has been declared bankrupt. No monetary figures have been shared. The final details of the takeover are yet to be worked out…
Alphatron Marine announced it has appointed Erik van Boom as country manager for the Euro border region Scheldemonden. With recent changes in Belgium, where Alphatron Marine has taken over the sales and service activities of maritime navigation and communication equipment of Astron NV…
APM Terminals and Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate Compas S.A.’s existing multipurpose Cartagena Terminal…
Kalmar, part of Cargotec, has been awarded a major port equipment order from long-standing customer Sociedad Portuaria Regional de Buenaventura S.A. (SPRBun) as they gear up for growth at their operations in Terminal Especializado de Contenedores de Buenaventura S…
Barakah Offshore Petroleum’s subsidiary, PBJV Group Sdn Bhd (PBJV), has received a Letter of Award from Malaysian oil company Petronas Carigali Sdn Bhd, for the supply, refurbishment and maintenance of cleaning pig and associated services in Sabah and Sarawak…
Borets, a company in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, announced today that Phyllis Mitchell has been named vice president of human resources and Kent C. Crago has been named vice president of finance…
WFS Technology Ltd. has appointed Bill Strahan as Vice President Operations and General Manager, WFS Technologies (NI). Strahan brings to the role more than 25 years’ experience in manufacturing, logistics, engineering, strategic and quality systems roles…
Manufacturer of unmanned marine systems ASV announced that James Hailstones has joined its team as the company expands its reach into the offshore energy market. Based in Aberdeen, Hailstones will lead industry engagement as more firms…
Classification society ClassNK has released its annual report on Port State Control. The report, which aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by…
The value of the initiative also recognized by the UAE government Trieste, 12 August 2015 - As part of a program of international cooperation with the United Arab Emirates, Fincantieri has done in recent weeks in Genoa, at the headquarters of CETENA - Center for the Study of Marine engineering…
Shell has informed the U.S. Bureau of Safety and Environmental Enforcement (BSEE) that it is set to restart its controversial hunt for Arctic oil, three years after the company’s last ill-fated venture north, reports The Guardian. “Fennica…
Electronic Marine Systems Inc. (EMS) has appointed Ron Monnell as National Sales Manager. Monnell joins EMS with more than 35 years of marine sales experience in the commercial and military sectors of the U.S. marine industry. Based in Florida…