Keppel Singmarine Pte Ltd (Keppel Singmarine), the specialized shipbuilding arm of Keppel Offshore & Marine Limited (Keppel O&M), is on track to deliver GLOBAL 1201, the second new generation derrick pipelay vessel to Global Industries Ltd (Global Industries) safely, on time and within budget. Keppel Singmarine was awarded a S$50,000 (over $40,000) bonus from Global Industries for achieving zero-incidents during the construction of this 162 meter-long double-hull vessel. Tong Chong Heong, CEO of Keppel Offshore & Marine, said, "GLOBAL 1201 is a great example of excellent teamwork and reflects a strong alignment of goals and priorities between Keppel Singmarine and Global Industries. Together, we have achieved greater construction efficiency and execution on this second derrick pipelay vessel, without compromising the safety of our people and workplace." GLOBAL 1201 was named by Lady Sponsor, Deidre Reed, wife of Global Industries' CEO John Reed, at Keppel Singmarine on June 25. It was designed to operate in waters up to 3,000 meters deep, and complies fully with the International Maritime Organization Special Purpose Ships codes. Reed said, "Keppel Singmarine has proven once again, its strong expertise in custom-building advanced vessels, especially those with dynamic positioning capabilities. Responsiveness and versatility are key strengths of theirs, which we at Global Industries appreciate very much.
Global Industries Ltd. priced an offering of 8.5 million shares of its common stock at $9 each. The offering of the shares will generate about $72.3 million in net proceeds that will be used to repay outstanding indebtedness under the company's term loan facility and for general corporate purposes and working capital, Global Industries said. The company said it also granted the underwriters an option to purchase up to an additional 850,000 shares to cover over-allotments
Global Industries, Ltd. has attained the offshore marine construction business of its Mexican joint venture CCC Fabricaciones y Construcciones, S.A. de C.V. and sold its interest in CCC to the other principal shareholder of CCC, Grupo Consorcio de Fabricaciones y Construcciones. Under these terms, Global is acquiring four marine vessels and the marine support base at Cuidad de Carmen, Mexico, in addition to the existing offshore marine construction contracts totaling more than $72 million.
The booming global deepwater oil industry is on course to outpace supply of offshore development hardware in the next two years, according to an analysts' report. "Deepwater construction capacity will be insufficient to handle anticipated demand requirements in 2002 and particularly 2003-04," said an oilfield and equipment services report by Schroder Salomon Smith Barney. "We believe a rush of field development plans will be sanctioned in 2001
Global Industries has elected Peter Atkinson as president of the company, effective June 1. Atkinson, who joined Global in 1998 as vice president and CFO will continue to report to William J. Dore, chairman and CEO of the company. Prior to joining Global, Atkinson served as director of financial planning with J. Ray McDermott and has 33 years of experience in financial management and accounting. The company also appointed Tim Miciotto as vice president and CFO
Global Industries, Ltd. announced that it has appointed three to vice presidential positions. Eddie J. Evans has been named to the position of Vice President - Health and Safety. This new position reflects the importance Global places on safety in the workplace and its integral role in Global's success. Mr. Evans joined Global in January 1998 as Corporate Director of Safety responsible for all safety and health measures worldwide. He came to Global from J. Ray
Tidewater announced the election of Cindy B. Taylor to its Board of Directors for a term expiring in July 2008. Mrs. Taylor comes to Tidewater with a distinguished and successful career in the oil and gas industry. Since May 2006, Mrs. Taylor has served as President and CEO of Oil States International, Inc., a diversified solutions provider for the oil and gas industry. From May 2000 through May 2006, Mrs. Taylor was a Senior Vice President
SEFtec NMCI Offshore Ltd (SNO), a public / private joint venture between SEFtec Global Training Ltd and The National Maritime College of Ireland (NMCI), will be launched on the 17th December 2010 at the National Maritime College, Co. Cork, by the Minister of Enterprise, Trade & Employment, Batt O’Keeffe. This venture brings together public infrastructure with private enterprise for not only offshore training, but design, manufacture, installation
Gary Hubbard has been appointed as Group Business Development Director of SBS Worldwide. Hubbard, 42, has been tasked with delivering SBS’s new strategic business plan across the operating sites in North America, China, the UK and the emerging economies. His role will focus on supporting SBS’s entry into new countries and industry verticals as well as promoting the new supply chain consulting armof SBS –Virtualized Logistics
Maritime UK welcomes leaders from across the global shipping, ports and maritime business services sectors to the inaugural London International Shipping Week from 9, September 2013. Through the week, Maritime UK will be covering all the major stories, announcements and events. On Monday morning it will publish the results of an extensive survey of UK industry leaders, saying what they think of the UK economy and its competitiveness.
Two weeks before the doors open at Europort, Rotterdam, organizer Ahoy is finalizing arrangements for the event that promises to provide a benchmark for the “state of the global maritime and offshore industry” in late 2013. Alongside attendees at its Advanced Technology Conferences
A new formal group of organizations involved in testing for the certification of ballast water treatment systems has been set up, known as the “GloBal TestNet,” to facilitate increased standardization and harmonization of test procedures and information exchange.
The International Chamber of Shipping (ICS), the global trade association for shipowners, has written to the French Government to raise concerns about a new requirement for foreign shipowners to provide information to their French customers about CO2 emissions
The International Chamber of Shipping (ICS) – the worldwide trade association for shipowners – has made a written submission to the United Nations International Maritime Organization (IMO) suggesting a possible way forward with respect to complex discussions about additional global
ABB Turbocharging to attend upcoming 27th CIMAC World Congress on Combustion Engine Technology in Shangai, China. The World Congress, from 13-16, May 2013, is held once every three years and constitutes CIMAC’s major, most forward-looking, influential event
David Williams, CEO of the Noble Corporation, was honored as the Massachusetts Maritime Academy’s “Salute to the Maritime Person of the Year” at the Petroleum Club in Houston. Mr. Williams was awarded the Emery Rice medal, the Academy’s highest award presented for
IMO’s GloBallast Partnerships Project, which assists developing countries and their maritime industries for implementation of the international regulations on ballast water management to prevent the spread of alien invasive species, has won the sixth Marine BizTV International Maritime Award
Severn Trent Services receives the 2013 Global Water & Wastewater Disinfection Systems Technology Leadership Award from Frost & Sullivan. The award, which recognizes the company as a pioneer of stable, safe and sustainable electrochlorination products
W. P. Carey Inc., a provider of corporate sale-leaseback financing, has acquired the R&D and class-A office facilities of Cargotec Corporation in Tampere, Finland. The premises are subject to a 20-year triple-net lease with the company
DNV is urging the global oil and gas industry to strengthen its focus on safety risk analysis and be better prepared for incidents ahead of the Piper 25 conference. The organization will present two papers at the conference, which is a special three day event taking place at the AECC in
Drydocks World & Maritime World, a provider of services to the international marine and maritime industry, announced that the Mare Forum Shipping Summit will be held in 2014 in Dubai, UAE. The event which will be attended by leaders of both the regional and international industry will be
A unique digital sensor monitoring system, which can extend the life of wireline through continuous surveillance and create significant cost savings, has been developed by Abu Dhabi based Specialized Oilfield Products. Traditionally, wireline integrity has been inspected manually in stages
Internatioanl subsea inspection, repair and maintenance (IRM) group Harkand announced the appointment of John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy. Reed, an industry veteran with more than 30 years’ experience in the
Thrustmaster of Texas, Inc., a company in the design and manufacture of marine thruster systems, announced several promotions in its top level operations management. Jason Small, B.Sc.Mar.E., has been promoted to General Manager. Mr. Small, a graduate of Texas A&M with a B.Sc
The Board of Directors of the International Chamber of Shipping (ICS) representing national shipowners’ associations from the Americas, Asia and Europe met in London last week. Issues discussed included: the development by the International Maritime Organization (IMO) of a global