North Sea helicopter pilots, vital for transporting offshore oil workers to and from platforms, threatened on Thursday to go on strike unless their employers improve voluntary redundancy terms in view of threatened job cuts caused by the low oil price…
DNV GL has developed a new class notation for gas bunker vessels that targets safer fuel transfer operations from one ship to another. Until now, the development of standards guiding gas fuel transfer operations in ports has lagged behind…
Royal Boskalis Westminster N.V. (Boskalis) achieved a very busy first half year with historically high profit and realized a net profit of EUR 306.5 million in the first half of 2015, a rise of 21% (H1 2014: EUR 253.0 million).Revenue in the first half of the year rose 1…
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 12.1 million in the second quarter 2015, down from 32.3 million in the previous quarter and from USD 42.5 million in the second quarter 2014. Contract sales ended at USD 4.8 million…
Incat Crowther has delivered Wavelength 4, a 19m catamaran tour vessel claimed by its operator to be “the cleanest tour vessel on the Great Barrier Reef”.Built by Aluminium Marine in Queensland, Wavelength 4 features Incat Crowther’s…
India will sell 5 per cent of its stake in the country's largest dredging company, Dredging Corporation of India (DCI). The government will sell up to 1.4 million shares of face value of Rs 10 each, representing 5 percent of the total paid up equity share capital of the company…
The global economic recovery was slower than expected and the overcapacity problem in the shipping industry remained serious, in the first half of 2015, says COSCO International Holdings. This drove stable business volume to the Company’s business segments which serve for operating vessels…
A report in the Straits Times Vietnam is set to build a US$2.5 billion seaport in Ca Mau, its southernmost province, hoping to steal some spotlight away from the more popular regional hubs Singapore and Malaysia and could be a clue to Kra Canal…
The National Union of Seafarers of India (NUSI) has informed has conceded to their demands of granting Income tax exemption to Indian seafarers sailing on Indian flag vessels. Accordingly, Union has stated that through a the Government of…
A group lead by Brookfield Infrastructure Partners, a global asset manager, had reached an agreement to buy the Australian port and railroad operator Asciano for about $8.8 billion in cash and stock, and that it was shopping for ports farther afield in a push to expand…
TCO, a provider of well completion technologies to the global oil and gas industry, has confirmed a continuation of strong sales results, leading to the expansion of its Aberdeen workforce by a third. Within the past six months, the company has employed eight new personnel for its UK base…
HMS Global Maritime informs it has been ranked 2,365 on Inc. magazine’s ninth annual 500|5000, a ranking of the nation's fastest-growing private companies. HMS Global Maritime President and CEO John Waggoner said, “At HMS Global Maritime…
Dashing hopes of a quick recovery from the global trade recession earlier this year, world shipping has fallen into a deep slump over the late summer, says a report in the Telegraph. Commodity turmoil could blow the shipping industry off course…
Shipping company Clarksons has published profits of GBP6.2mln, down 36.7 per cent on the first six months of the previous year, citing “severe challenges faced by the dry bulk market” (of unpackaged raw commodities) as the primary cause of the decline…
Diana Shipping Inc, a global provider of shipping transportation services through its ownership of dry bulk vessels, has chartered out one of its panamax bulkers - Artemis (76,942 dwt, built 2006) - to China Shipping Bulk Carrier. The gross charter rate is US$7…
