Kværner reported operating revenues of NOK 2 930 million in the fourth quarter 2012. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 119 million, resulting in an EBITDA margin of 4.1 percent.The order backlog amounted to NOK 21 262 million…
Shell, BP, Maersk, Stena & Japanese shipping companies NYK, MOL and “K” Line support job creation & capacity building projects in Somalia.This collaboration between many in the shipping industry and UNDP (United Nations Development Programme) is the first step in an initiative…
Kværner ASA issue fourth quarter and preliminary annual financial results 2012.Kvaerner reported operating revenues of NOK 2 930 million in the fourth quarter 2012. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 119 million…
Singapore-based Otto Marine & group subsidiaries issue a warning regarding its forthcoming financial results.Otto Marine Group is expected to report a loss for the financial year ended 31 December 2012 largely due to, amongst others, the following…
Both of Shell's offshore drill rigs used during last year's oil exploration season to be transported to Asian shipyards for inspection and repair.The decision suggests the Kulluk and the Noble Discoverer -- Shell's only drilling rigs for…
Maciek Kwiatkowski will take up the leadership of DCT Gdansk at the beginning of April 2013.As DCT continues its preparations for the next major extension phase, an internationally experienced authority in port management, Maciek Kwiatkowski…
The first combined DQS Certificate in the fields of quality, environment, occupational health & safety awarded to GL Group.The GL Group has received a combined certificate of compliance with the BS OHSAS 18001, ISO 9001 and ISO 14001 standards…
The awards will be presented on 5, May 2013, at the annual Offshore Technology Conference dinner in Houston, Texas.Award winners are:OTC Distinguished Achievement Award for IndividualsKen Arnold is being recognized for his outstanding…
Trond K. Johannessen President & CEO, Hatteland DisplayTrond K. Johannessen, President & CEO, Hatteland Display, shares with MR his insights on the evolution and future direction of this Marine Electronics subsector, modern marine displays…
Arntzen Resigns, Johnston Takes the reigns at OSGOverseas Shipholding Group announce the appointment of Captain Robert Johnston as President & CEO.Morten Arntzen has resigned as President and Chief Executive Officer and as a director of the Company to be succeeded by Johnston…
Wilhelmsen Technical Solutions has established a new office in Houston, Texas in response to increased client demand for its newbuilding and aftermarket products and services.WTS is targeting increased business from the local offshore industry…
Unitech appointed Martin Vahl as chief executive officer. Mr Vahl will be responsible for heading up the continued growth of Unitech's global subsea connector business and expansion into the umbilicals and flying leads market. Formerly a Royal Norwegian Naval officer…
Intellian introduced three Inmarsat FleetBroadband (FB) networks as the latest additions to its line of satellite communication antenna systems. The FB150, the FB250 and the FB500 comprise a product line supported by Intellian’s industry-leading three year warranty…
Sener was awarded the jury prize from Capital magazine in recognition of work carried out by the engineering firm in the city of Bilbao,Spain. Sener’s president, Jorge Sendagorta, received the award from general manager of Innobasque José María…
DryShips Inc. (NASDAQ: DRYS), or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services…