Braemar Shipping Services PLC on has terminated its involvement in the ACM ICON Shipping DMCC venture, announcing the sale of its 50% stake to its joint-venture partner Icon Chartering Ltd, says a report by Alliance News. Braemar said…
Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp. NYK has reached an agreement with Ezra…
Yno 309 from Ulstein Verft, the first of two Service Operation Vessels (SOV) for Bernhard Schulte Offshore, left the yard for sea trials on Tuesday, 7 June. The results so far are highly satisfactorily. “We are underway in testing for speed and manoeuvring…
DONG Energy's Chief Executive Henrik Poulsen said renewable energy like wind will be produced at a lower cost in the future. 'I have no doubt that costs of offshore wind and solar energy over time will come down and be at same level as fossil fuels…
Norwegian oil firms and their employees will begin a final round of wage negotiations on June 30 in a bid to avoid a strike that would limit the output of oil and gas from western Europe's top producer, the Industri Energi labour union said on Wednesday…
Chief Executive Officer Njaal Saevik in offshore service vessel owner Havila Shipping told Reuters in a telephone interview:From Havila's point of view 'it may be reasonable to consolidate (the industry) but we believe each company needs…
After last week's media reports that an undisclosed party was looking to buy Singapores offshore marine company Otto Marine Limited, the company said that it received a proposal from RHB Securities Singapore Pte Ltd (RHB). RHB is the financial adviser to the potential offer…
Trelleborg’s offshore operation, a manufacturer of polymer and syntactic foam-based solutions, has appointed Sebastian Araujo as Managing Director of its Brazilian manufacturing facility in Macae. With over 12 years of experience in the industry…
Global Maritime Consultancy & Engineering, a provider of marine warranty, dynamic positioning and engineering services to the offshore sector, has appointed Mikal Grure Eie as Regional Manager for Norway. Mikal’s brief will to develop closer…
ABS, a leading provider of classification services to the global marine and offshore industries, today unveiled ABS Nautical Systems Vessel Performance – a comprehensive software solution developed in response to continued demand for tools that improve vessel efficiency…
Offshore wind services provider CWind announced that its CEO, Chris Randle, has decided to leave the group to pursue opportunities outside the company. Lee Andrews has accepted the position as Managing Director for CWind, moving up from…
The 29 countries party to the Antarctic Treaty unanimously agreed today to a resolution at the 39th Antarctic Treaty Consultative Meeting (ATCM) stating their “firm commitment to retain and continue to implement…as a matter of highest priority” the ban on mining activities in the Antarctic…
Peter Lovie’s Chronology of the FPSO’s difficult struggle to viability in the U.S. Gulf of Mexico is a fascinating journey through time and the oil industry itself. 2016 saw the arrival of the second FPSO in the US Gulf of Mexico. Despite…
Leading international classification society Bureau Veritas has developed a one-stop- shop mobile application which will allow marine professionals to easily perform daily class and statutory actions through a user-friendly interface. With My VeriSTAR…
MacGregor, part of Cargotec, has won an order to supply highly-specialised winches for a pilot project using an innovative system that generates electricity from waves. The system is called NEMOS and it is ideally suited to work in combination with offshore wind farms…