Polarcus Limited has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company for the sale of its multi-client projects in Northwest Europe and West Africa in return for a cash consideration of US$27.5 million and future revenue share on library late sales…
A number of environmental groups are asking the Department of the Interior to rescind permission Shell has been granted to begin exploratory drilling in the Arctic this summer because the company's plan would not protect the walrus.Shell's…
Container handling equipment has reached the era of automation. On the services side, digitalisation is now the leading theme throughout the customer lifecycle. But does digitalisation automatically lead to better services?Service businesses…
Germany is hopeful in bagging multi-billion-dollar Indian submarine project for building six conventional submarines, says a PTI report. German Ambassador to India Michael Steiner said the P-75(I) project was under discussion and that the…
As of June 26, 2015, Klein Systems Group Ltd. has changed its name to Saab Technologies Ltd. Klein Systems has been a wholly owned subsidiary of Saab AB since 2012. Saab is a $3.5 billion company serving the global market with world-leading products…
Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact…
The Royal Australian Navy Adelaide class frigate, HMAS Melbourne, has successfully fired two Evolved Sea Sparrow Missiles, reinforcing her war-fighting and mariner skills. The missile firings were conducted off the coast of New South…
Thailand plans to buy three Chinese-made submarines for the Royal Thai Navy at a cost of 355 million dollars each. Three Chinese-made submarines worth 355 million dollars each may be purchased by Thailand for its Royal Navy, the newspaper Bangkok Post reported today (Friday)…
CSIRO will be releasing a fleet of floating bio-robots between Christmas Island and Madagascar next week to measure biological indicators in the Indian Ocean including dissolved oxygen, nitrate, organic matter and particles. A bio-robot…
RigNet, Inc. announced that Keith Stewart has been promoted to the new position of Vice President – Global Operations, RigNet TSI, based in Aberdeen, Scotland. Stewart is responsible for managing RigNet’s technical resources assigned to Telecommunications Systems Integration (TSI) projects…
Inmarsat has signed an agreement with World-Link Communications, Inc. appointing the innovative satellite services provider as a Partner for FleetBroadband, serving the maritime market globally. Alongside the agreement, World-Link plans to…
Classification society and IACS member Indian Register of Shipping has established an ‘India and Offshore Advisory Committee’ with a vision to raise the profile of its services and receive strategic advice for growth in South Asia region…
VesselsValue.com is launching Discounted Cash Flow (DCF) valuations to its existing portfolio of daily, automated valuations for the shipping industry.Discounted Cash Flow vs Market ValuationsDiscounted Cash Flow Valuations is the…
Transocean Ltd, the world’s largest offshore driller, has delayed delivery of two new ultra-deepwater drillships, the company announced. The company amended its drillship construction contracts ($540 million each) with Jurong Shipyard, a subsidiary of Sembcorp Marine…
Hyde Marine, Inc. has announced the appointment of LEMAG Engineering GmbH as its exclusive sales agent in Germany to help ship owners deploy the chemical-free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) onto their new builds or existing vessels…
