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…
Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation.A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours…
STX Offshore & Shipbuilding may be put under a court-led restructuring scheme, paving the way for the shipyard to avert liquidation, says a report in Korea Times quoting local court. Last month, STX Shipbuilding, once Korea's No. 4 shipbuilder…
Japanese shipper Nippon Yusen Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp, Ezra said in a statement late on Friday.Singapore's Ezra…
Classification society DNV GL announced at the Posidonia trade fair that it had issued the first “Clean Lay-up” declaration under its newly released classification guideline The guideline enables shipowners and managers to demonstrate that their vessel is laid up in a responsible manner…
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…
SAFEEN, the subsidiary of Abu Dhabi Ports formerly known as Abu Dhabi Marine Services, has taken delivery of a Damen Shoalbuster 2609 named MAQTAA to join its existing fleet. Like all the vessels in Damen’s Shoalbuster range she is a multi-purpose…
Shortly after lunchtime on June 5 onboard FPSO Cidade de Rio das Ostras, a crew member spotted a sea turtle trapped in a fishing net drifting on the surface of the waves. A report was made immediately after the sighting and after a brief meeting…
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…
InterMoor, an Acteon company, has successfully completed the final tensioning and chain cutting operations on the FPSO Turritella for the Shell Stones project, located in the Walker Ridge protraction area in the Gulf of Mexico (GoM). The…
Braemar Shipping Services Group PLC is pleased to announce that Sheila McClain, Executive Vice President of Braemar Engineering, has been appointed Braemar Engineering's new Managing Director. Sheila will continue to be based in Houston, Texas…
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…
India plans to more than double its liquefied natural gas (LNG) import terminal capacity in six years to cater to the rising natgas demand from refineries, fertilizer and power plants, according to a report in the Economic Times. A total of 15…
