Rising costs of doing business in Singapore has forced Subsea7 to switch its regional headquarters from the city to Kuala Lumpur (KL), says a report in Business Times. Against a backdrop of persistently low oil prices, fresh concerns have…
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division kicked off its 130th anniversary celebration January 28. Newport News, the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U…
Ratings agency Standard and Poor’s (S&P) has given North P&I Club an ‘A’ financial strength rating and stable outlook for the 12th consecutive year, and increased its financial flexibility rating from adequate to strong. The ratings also apply…
Veritas Petroleum Services (VPS) has appointed Malcolm Cooper as Group Technical & Business Development Director and Steve Bee, another industry heavyweight, will join the company as Group Commercial Director on July 1, 2016.Cooper, who holds a Ph…
ADELTE, a provider of Seaport Passenger Boarding Bridges (SPBBs) and Global Services to cruise and ferry terminals, has been awarded two contracts by the Canaveral Port Authority to design, manufacture and install four custom-made HYDRA models SPBBs at Cruise Terminals 5 and 10…
Lloyd’s Register (LR), world’s leading engineering, technical and business services organization announced today that it has been appointed by LAUGFS Gas PLC (LAUGFS) to handle key safety and quality checks of the LPG terminal at Hambantota Port…
Norsafe has become the first lifeboat manufacturer to provide STCW and Norwegian Oil and Gas (NOROG) compliant training courses for seafarers.This means that the company is the only lifeboat manufacturer that offers production, servicing…
Mission to educate the public about the benefits and opportunities in the marine industryCarleen Lyden-Kluss, Chief Executive Officer of Morgan Marketing & Communications, along with RADM Cari B. Thomas of the United States Coast Guard were…
General Darren McDew, commander of the U.S. Transportation Command, visited State University of New York Maritime College February 1. During the visit McDew toured the campus and Maritime College’s Training Ship Empire State VI, where he…
A Brazilian judge sentenced the former head of state-run oil company Petrobras' international division to 12 years and two months in jail for corruption and money laundering on Monday, part of the country's largest-ever graft investigation. Federal…
The Institute of Marine Engineering Science & Technology (IMarEST) has launched a campaign aimed at supporting seafarers in developing skills and demonstrating competencies. The campaign raises awareness of options available to seafarers…
Fitch Ratings today announced the appointment of Ian Dixon as Managing Director and Analytical Head of the EMEA Infrastructure & Project Finance Group. Dixon will join Fitch Ratings on February 10, based in London. In this role, Dixon will oversee ratings coverage of the energy…
There are questions whether the low oil price is benefiting South Africa. ICE Brent spot price is trading around $30, the lowest level in 12 years, seen in the context of market surplus. The December meeting in which OPEC failed to set a total…
Transnet Capital Projects (TCP) – which is overseeing Transnet National Ports Authority’s project to reconstruct the quay walls and deepen berths at Maydon Wharf – recently achieved a safety milestone of 1,000,000 man hours without a lost time…
Marine geophysical company Polarcus announced it will implement further measures to cut costs, including additional headcount reductions and changes to the executive management team. The expanded cost reductions are part of a longer term…