Tidewater Inc. announced second quarter net earnings for the period ended September 30, 2006, of $104.2 million, or $1.86 per common share, on revenues of $274.0 million. For the same quarter last year, net earnings were $82.2 million, or $1.42 per common share, on revenues of $204.4 million. The immediately preceding quarter ended June 30, 2006, had net earnings of $71.4 million, or $1.23 per common share, on revenues of $269.8 million. Included in the current quarter's net earnings is a gain of $28.2 million ($17.2 million after tax, or $0.31 per common share) related to the August 2006 sale of 11 of the company's offshore tug vessels to Crosby Marine Transportation, LLC for a total cash price of $34.8 million. Included in net earnings for the quarter ended September 30, 2005 is a gain of $65.9 million ($42.8 million after tax, or $0.74 per common share) from the sale of six of the company's KMAR 404 class of Anchor Handling Towing Supply vessel to Deep Sea Supply ASA for a total cash purchase price of $188.0 million. Tidewater Inc. owns over 490 vessels, the world's largest fleet of vessels serving the global offshore energy industry.
Decom North Sea (DNS), the offshore oil & gas decommissioning forum, has commissioned research into the future labour and skills requirements for the growing decommissioning sector to try to alleviate predicted skills shortages in future. With more than £1billion a year of decommissioning expenditure forecast for the UK North Sea by 2015 and only 7% of projects completed to date, DNS will make its findings available to training bodies to help ensure appropriately skilled people
Statoil said savings in acid-rain-causing nitrogen oxide (NOx) from two new low-emitting ships would allow it to meet its NOx emissions reduction targets from one new power station. "We've been given permission to credit these NOx reductions against land-based projects," Knut Barland, vice-president for environment at Statoil said. "And the kind of reduction we'd be getting on these ships would meet the NOx emission reduction target for one of these (planned) power plants."
The Alaska Marine Highway ushered in a new era in marine transportation for the community of Metlakatla with the signing of a contract to between the Department of Transportation and Conrad Industries of Morgan City, LA to build a new ferry. The new vessel will provide dedicated service between Metlakatla and Ketchikan, two of the Inside Passage’s southernmost communities. Southeast Region Director, Bob Doll , represented the Alaska Department of Transportation & Public Facilities at
Three more years North Sea hire for DOP platform supply vessel 'Skandi Caledonia' Norwegian offshore vessel owner DOF has secured a three-year contract extension with Danish operator Maersk Oil for its platform supply vessel Skandi Caledonia for work in the UK North Sea sector. The three-year option now exercised from October this year replaces an earlier one-year option, with the dayrate for the new period - which was not disclosed - set to increase 25%.
Maersk Supply, a subsidiary of the A. P. Moller-Maersk group, came out of the third quarter of 2013 with a profit of US$76-million, against a profit of US$ 48-million in the same quarter in 2012. Revenue rose from US$ 226-million in the period of 2012 to US$ 240 million. The profit for the third quarter of 2013 improved compared to the same period last year primarily due to higher utilization and lower operating costs.
General Dynamics, National Steel and Shipbuilding Company, San Diego, Calif., is being awarded a $100,000,000 fixed-price-incentive modification under previously awarded contract (N00024-02-C-2300) to exercise an option for long lead time material and associated labor for the 10th ship of the T-AKE 1-Class (T-AKE 10).The contractor will perform material sourcing, material ordering, vendor interface, and material quality assurance
ABB in Norway has secured new contracts worth $45 million for delivery of complete electric propulsion systems to two icebreakers to be built for CJSV Sevmorneftegaz by the Norwegian shipyard Havyard Leirvik, and four Platform Supply Vessels to be built in China for Groupe Bourbon by Zhejiang Shipbuilding. The contracts with Havyard Leirvik encompass system supply to two multifunctional icebreaking offshore supply vessels for the Russian company CJSV Sevmorneftegaz
Military Sealift Command accepted delivery of its newest dry cargo/ammunition ship, USNS Medgar Evers (T-AKE 13), during a short ceremony at the General Dynamics NASSCO Ship Yard San Diego. The ship, which was christened Nov. 12, 2011 in San Diego, honors slain civil rights leader Medgar Wiley Evers, who is remembered for his efforts to end segregation at the University of Mississippi in the 1950s and for his opposition to Jim Crow laws in the 1960s
GE Oil & Gas was awarded a contract to provide Korean shipbuilding firm Daewoo Shipbuilding & Marine Engineering (DSME) with turbomachinery equipment and services for a new oil and gas production platform being built to support the production activities of Statoil Petroleum AS and its partners Total S.A. and Det Norske in the Gina Krog field in the Norwegian North Sea. Gina Krog (previously known as Dagny) is located 30 kilometers (km) northwest of the Sleipner field and
Rolls-Royce has announced that it has won an order to provide design and integrated equipment packages for two UT 771 WP platform supply vessels to be built by Sinopacific Shipbuilding Group Co. Ltd (SINOPACIFIC), a shipbuilder in China. The contract incorporates MTU-engines as part of an
Two AHTS (80 metric ton bollard pull with dynamic position capability) One 36 meter fast utility/crew boat with option for a second vessel Continues its fleet renewal and expansion program to capitalise on strong demand for offshore support vessels
APL said it has brought in the first cargo of Peruvian grapes here, clearing local pest control import requirements through cold treatment technology applied on the fruit during their transit from Paita to Miami. Consigned by Complejo Agroindustrial Beta, a producer of table grapes in Peru
Some voyages are expected to be delayed in the North Sea waters as a very intense low is expected in the South Norwegian Sea on December 5 and is moving E-ward over Scandinavia on December 6. It will cause severe weather conditions in the North Sea with STORM and HIGH to VERY HIGH SEA December
The loss of seasonal sea ice in the Arctic will have ramifications for the U.S. Navy in terms of future missions, force structure, training and investments. To get a better handle on planning for future Arctic missions, Chief of Naval Operations (CNO) Adm
The Australian Antarctic Division has rescheduled its early season voyages with the icebreaker Aurora Australis delayed in heavy ice conditions off the Antarctic coast. The ship is in heavy ice about 180 nautical miles off Davis station, returning from resupplying the station and delivering
Russian energy company Gazprom takes a look at its marketing policy in the international markets of small & large-scale LNG supply in line with its updated LNG production and supply strategy, and decides to focus on the Asia-Pacific market.
Orlando, Florida-based, Comtech Systems, has received a US$2.4-million contract to install the world’s first digital over-the-horizon microwave communications system, to be used on a deep water tension-leg oil platform for a major international oil company.
In the latest listing of US Department of Defense, Navy, contracts Drew Marine USA has been awarded a one-year option for the worldwide supply, delivery and services for shipboard chemical treatment; foam testing, supply and disposal; industrial gases; and refrigerants for all U.S
Canadian Government ministers have announced the arrival in Canada of the new hovercraft to be stationed at Sea Island in Richmond, British Columbia – the 'CCGS Moytel'. The new hovercraft will be named the CCGS Moytel. Moytel is a Halq’emélem word meaning “to help each
Nordic American Tankers Ltd. (NAT) inform that they have created a new offshore supply vessel company, Nordic American Offshore Ltd. that has completed a $250m private placement. Earlier this month the investor market was informed that NAT was coordinating the establishment of Nordic American
Planet Ocean inform that they are supporting the UK Met Office and Plymouth Marine Laboratory to gather real-time Met-Ocean Data with their AXYS Watchman (WM-500) data acquisition and telemetry systems. The WM-500 can be configured to control a large variety of
International private maritime security company Sea Marshals Ltd. has expanded into new premises to cope with its growing workload, particularly in the Gulfs of Guinea and Aden. Sea Marshals marked its expansion with an open evening held at its new 4
Maritime charity, the Apostleship of the Sea has called for a major change in the way seafarers and fishermen are treated by government authorities when they are the victims of unscrupulous owners. The recent case of 75 Indonesian fishermen illustrates what the Apostleship of the Sea says is a
Wilhelmsen Technical Solutions (WTS) say they have secured multiple orders to supply Maritime Protection Inert Gas Generator (IGG) systems for installation on vessels under construction for operations offshore China. The Maritime Protection systems will be installed on three FPSOs for oil major