Composite high-speed craft designer and builder CTruk has appointed shipbuilding industry veteran Peter McIntosh OBE to succeed Andy White as chairman.McIntosh, the former executive director of VT Group PLC, holds experience of the marine…
Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014.Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent…
The German navigation system manufacturer Raytheon Anschütz, says that together with its exclusive Norwegian distributor Syberg AS, it has been awarded a contract for the supply of an advanced Synapsis Integrated Navigation System (INS) to two new state-of-the-art wind farm service vessels…
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced the appointment of Captain Rahul Khanna to Global Head of Marine Risk Consulting, effective July 1, 2014. In this position, Captain Khanna…
The innovative walking jack-up platform WaveWalker 1 was presented with the Product and Equipment Innovation Award at the prestigious Ground Engineering (GE) Awards ceremony in London earlier this week.WaveWalker 1, developed by Fugro and Van Oord…
General Electric Co Chief Executive Jeff Immelt said on Wednesday that GE is still going to 'work constructively' with the French government on its bid for the power business of Alstom and that he expects the deal to close.GE has encountered resistance to its $16…
United Nations’ International Maritime Organization (IMO) has just approved global binding regulations intending to enhance safety of navigation in polar areas. This means, inter alia, new requirements for passenger ships.Following several years of intense negotiations…
The International Association of Drilling Contractors (IADC), North Sea Chapter once again recognized the very best in safety performance at its annual Safety Awards Ceremony held in Aberdeen.Julian Hall of Ensco, North Sea Chapter Chairman…
Q1 2014 revenue up 7% over Q1 2013 to US$ 89.4 million as a result of the expansion of the core vessel fleet and high vessel utilization.Topaz Energy and Marine has announced the results of its subsidiary Nico Middle East Ltd. (“NMEL”) for the three months ended 31 March 2014 (“the period”)…
USCG, BSEE issue joint safety alert regarding Dynamic Positioning System Failures Discussion: This Joint Safety Alert addresses a dynamic positioning (DP) incident on a vessel resulting in a loss of position while conducting a critical Outer Continental Shelf (OCS) activity…
Bibby Offshore announced a successful first quarter of the year for its recently opened Newcastle office.With existing premises in Aberdeen and Liverpool, Bibby Offshore is expanding its presence across the UK. Since its opening in November 2013…
The U.S. needs a better strategy to coordinate and prioritize its policies related to the Arctic region, according to a Government Accountability Office (GAO) study out today that was released by Reps. Rick Larsen (WA-02), Tim Bishop (NY-01)…
ATL’s newest OSV contract creates 100 new jobsAtlantic Towing Limited (ATL) announced today that it has secured a new 10-year firm contract, plus a total of 15 years of options at the Charterers’ discretion, with ExxonMobil Canada Properties and Hibernia Management and Development Company Ltd…
Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation.Through the deal, Signet will acquire eight offshore towing vessels (OTVs) ranging in size from 75 to 153 metric tons bollard pull. The sale will encompass all Harvey OTVs…
An EPC contract for a production unit can easily exceed $1 billion – and $3 billion for an FPSO has recently been breached. Overall, this is a $20 to $30 billion annual market. But, as described below, the sector is hitting some headwinds that could impact future business opportunities…