Norwegian shipbuilder and vessel design group Ulstein announced Tuesday that its CFO Cathrine Kristiseter Marti has been promoted to replace long-serving CEO Gunvor Ulstein, who has decided to step down.Marti will take over as CEO on November 2 after six years as Ulstein Group's CFO…
Wilhelmsen, one of the world's largest shipping companies, has agreed to acquire a 25% stake in Østensjø Group’s growing offshore wind business Edda Wind.Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2018…
Global offshore support vessels supply base (OSB) market to reach around USD 6400 million by 2026 and is increasing at a CAGR of 5.4% during forecast period.According to a report by Facts & Factors, an increase in offshore investments in emerging…
Integrated marine and subsea solutions provider Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division.The provider of services and solutions for the offshore, subsea and life support industries…
Norwegian offshore and fishing vessel builder Havyard Group said Gunnar Larsen will serve as interim CEO until the group finds a replacement for retiring chief executive Geir Johan Bakke.Bakke has been employed in Havyard Group since 2001, and he has been CEO since 2004…
NorSea Wind, part of the Wilhelmsen Ship Management (WSM) Group, has named Anders Peter Pedersen as its new chief executive officer (CEO). Pedersen has extensive experience from the green energy sector. A lot has happened in the harbor since…
Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.NorSea Wind, founded in 2016 as a subsidiary of Norsea Group…
For years, “maintenance and modifications” were catchwords for nearly everything that wasn’t greenfield activity offshore. Two economic slowdowns later, subsea “M&M” might be seen as inspection, maintenance and repair (IMR), a segment that includes light well intervention…
Aberdeenshire-based subsea firm Aleron Group said it has acquired electrical drive engineering specialist IMPAQ as part of a plan to expand beyond offshore oil and gas into new markets including military, defense and nuclear industries.“This…
Norwegian vessel owner Vestland Offshore announce that it has taken Management on yet another Vessel.The Ocean Duke is currently being converted to a Seismic Source Vessel and has a firm 2 year contract secured with SBGS.Last month, Vestland has won contracts for two of its offshore vessels…
Søren Kringelholt Nielsen has been appointed as the new CEO of Svanehøj Group, a Danish designer and manufacturer of specialized deep well and in-line pumps for the marine and oil and gas industries.The new cheif executive comes to Svanehøj from Hydratech Industries…
Norwegian vessel owner Vestland Offshore has won contracts for two of its offshore vessels, the Vestland Artemis and the Norsea Fighter.The Vestland Artemis has been awarded a 12 months contract with the UK-based oil company Enquest, commencing…
Norwegian oil major Equinor said that NorSea opened a shore power supply station at the Dusavik supply base in Stavanger, Norway, on January 18.'The base is the latest in a string of supply bases where vessels operating on Equinor contracts…
The global marine and offshore vessel management and support services provider V.Group said that its V.Ships Leisure unit has been awarded a contract by Antarctica21 for the technical management of the expedition vessel, Magellan Explorer.The…
French state-owned bank Bpifrance and oil services company TechnipFMC have filed a complaint against Naval Group for willful misrepresentation, a source close to the matter told Reuters, confirming a story in Challenges magazine.The complaint…
