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Global Industries to Take Delivery of Global 1201

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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 Prices Offering Stock at $9

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 Appoints New President

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 Announces New Vice Presidents

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


Global Acquires Marine Construction Business

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.


Report: Deepwater Development Will Outpace Equipment Supply

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


Geodis Wilson Appoints New Global Director

Global freight management company Geodis Wilson has announced the appointment of Mark Ness as new Global Industry Director – FMCG (Fast Moving Consumer Goods). Mark’s appointment reflects the importance to Geodis Wilson managing growth in the highly volatile FMCG – Retail vertical - a truly global market sector in constant flux, with ever greater product ranges, faster item turnovers, and an increasing demand for flexible, transparent and seamless supply chain management


Tidewater Elects Taylor to Board of Directors

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


Irish Offshore Training Capability Launched

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


London International Shipping Week Kicks Off

Red Ensign: Image courtesy of Maritime UK

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. 


Support for Indian Shipbuilding Industry : Exim Bank Study

  The development of a successful shipbuilding sector has been pivotal to the rapid and robust economic development in most countries in the world with long coastal boundaries.  Shipbuilding industry has the potential to significantly contribute to national GDP


EMGS - agreement with Nalcor Energy for 3D multi-client EM survey

EMGS Galatea

  EMGS has signed a multi-client license agreement with Nalcor Energy, the Provincial Energy Corporation of Newfoundland and Labrador, for the acquisition of up to 13,500 square kilometers, in a multi-season campaign. The CSEM survey is expected to begin in June of this year and will


Moody's Upgrades Global Shipping Industry Outlook to stable

Moody's Investors Service has revised for the first time since June 2011 its outlook for the global shipping industry to stable from negative.   "The revision reflects our expectation that the global industry's aggregate EBITDA will rise by mid-single digits in percentage terms


Drydocks World Inks Agreement with DNV GL

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Drydocks World and Maritime World, a provider of maritime and offshore services to the shipping, oil, gas and energy sectors, has announced that it has reached an agreement with DNV GL and appointed the Classification Society to provide recertification services for its Quality Management Systems


Double Top for Exova Experts

John Carter (left) and Phil Dent

Phil Dent and John Carter, corrosion specialists with Exova, the global testing, calibration and advisory services provider, have been appointed as chairmen of the Marine Corrosion Forum and STG44 - Marine Corrosion, respectively. Phil Dent, technical manager at the Exova Corrosion Center UK


Drydocks World Repairs Self-elevated Crane Vessel

Photo courtesy Drydocks World

Drydocks World, an international provider of maritime and offshore services to the shipping, oil, gas and energy sectors, completed major repair and refurbishment of National Drilling Company’s (NDC) self-elevated crane vessel Al Ghweifat at its Dubai-based shipyard.


Flag State Performance Table: 'Clean Sheet' for UK

Image courtesy of Maritime London

According to the Chamber of Shipping's (ICS) latest Flag State Performance Table, the UK has no negative indicators against any of the 18 criteria ICS uses to assess performance. The Maritime and Coast Guard Agency (MCA) says that 1,388 ships, with a gross tonnage of 16


ICS Publishes Performance Table Following Onset of MLC

Simon Bennett

The International Chamber of Shipping (ICS) launched its latest Shipping Industry Flag State Performance Table (which can be downloaded from the ICS website – www.ics-shipping.org). ICS Director External Relations, Simon Bennett explained


ICS Initiative to Maintain IMO Primacy on Shipping and CO2 Issues

Peter Hinchliffe

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


ICS Questions French CO2 Ship Requirements

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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


BWTS Test Organizations Launch GloBal TestNet Group

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.


Europort Captures Global Industry Mood

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


ICS Meets in London

ICS Chairman Masamichi Morooka taking part in the shipping round table meeting at Downing Street with UK Prime Minister David Cameron. The meeting took place the day before the ICS Board Meeting in London during London International Shipping Week.

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


Thrustmaster Announces Management Promotions

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


Harkand Appoints New CEO

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






 
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