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…
Viking Supply Ships AB has today appointed Ulrik Hegelund as Chief Financial Officer (CFO). Mr. Hegelund will also act as CFO in Viking Supply Ships A/S, and will take over the responsibilities as CFO in both companies as of 1st September…
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years…
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…
Fresh from commissioning festivities in Boston, Coast Guard’s newest National Security Cutter, James, made its first port call to Baltimore, Tuesday.Starting Wednesday until Thursday, the cutter will be open for free public tours at the…
Disney Cruise Line is altering its alcohol policy, adding restrictions to what passengers may bring onboard to consume during their voyages. Starting with cruises that leave Sept. 30, Disney Cruise Line guests will be allowed to bring a…
Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd today jointly announced having entered into an LNG carrier pooling agreement to market their vessels, which are currently operating in the LNG shipping spot market.The LNG Carrier Pool allows…
Damen delivered two complete DOP packages to Acciona Infraestructuras, S.A., a Spanish construction company. The DOP submersible dredge pumps are being used in a large harbour construction project in Brazil. The DOP pumps empty concrete caissons to be able to reposition these as a breakwater…
U.S. Coast Guard Vice Adm. Charles Michel formally assumed the role of vice commandant of the Coast Guard during a ceremony at U.S. Coast Guard Headquarters Monday.As vice commandant, Michel will oversee the Coast Guard’s operations, strategic development…
A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress…
Havyard Group ASA is taking further measures to adapt to the market situation and maintain the Group's profitability, thereby securing jobs for the futureAll business areas in Havyard Group have been affected to a varying degree by the general downturn in the market in the oil industry…
Maersk Line reported a first half-year 2015 (H1) result that is USD 220 million higher than H1 2014. This was achieved due to lower costs.Revenue in H1 was USD 12,517 million, which is 6.8% lower than H1 2014 (USD 13,365 million). Volumes were 1…
Naming and organizational changes are underway in the Ulstein Group companies in the Netherlands. As of August 1, 2015, the ship design company Ulstein Sea of Solutions has been renamed Ulstein Design & Solutions BV (UDS BV), while the equipment…
