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
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
A global market report published by Transparency Market Research, entitled Marine Lubricants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018, provides inputs about the global state of the current market of marine lubricants industry along with a forecast about the opportunities, drivers and restraints in the market during the years 2012 and 2018, the forecast period of the report.
Igor Sechin, the head of Russia's top oil producer Rosneft, said on Wednesday the United States is calling the shots on global oil markets, while the influence of OPEC has shrunk. The United States emerged with renewed vigour as a top producer thanks to its shale boom
Ship scrapping subsidy program originally due to run to end-2015; show of government support amid continuing industry downturn. China on Tuesday extended by two years a subsidy programme that encourages shipping companies to scrap old vessels in a bid to support an industry struggling to emerge
International Maritime Organization (IMO) the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) have signed an agreement to allocate US$2.0 million to a two-year global maritime energy efficiency partnership project
The Singapore Shipping Association (SSA) has unveiled a slew of plans to boost the prospects of its members amid tough global industry conditions, reports The Straits Times. The key initiatives include building up the finance capability of shipping firms here by promoting more stock
As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Private equity invested tens of billions in global shipping after the 2008 financial
The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate, and in many cases simply bigger and more complex than ever
Even though shipping is a global industry, ownership is fairly well concentrated in a relatively small number of major centres, says a research from Clarksons. The 20 most popular city locations for shipowners graph is headed, perhaps unsurprisingly, by Athens, with a fleet of 4
In a submission to the International Maritime Organization, the Republic of the Marshall Islands, currently the world’s third largest shipping registry, has called for the setting of a new global target for reducing greenhouse gas emissions from international shipping
Spreading the word on ballast water management – new free online tools launched A new online learning portal including a free e-learning course on the Operational Aspects of Ballast Water Management (BWM) was launched today by the GEF-UNDP-IMO GloBallast Partnerships Program and the
The Round Table (RT) of International Shipping Organizations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) said it is concerned if the international convention to regulate ships’ ballast water comes into force in the near future without a realistic
The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned if the international convention to regulate ships’ ballast water comes into force in the near future without a
The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned if the international convention to regulate ships’ ballast water comes into force in the near future without a realistic
Ulstein introduces the HX103 and HX104 designs, DP3 vessels with heavy-lift capability and large outreach combined with a large open deck space and accommodation for 350 and 500 people. With the introduction of these two heavy lift vessel designs
The shipping industry, despite those who might suggest otherwise, has a very respectable record of environmental improvement stretching back very many years. It responds to societal demands to clear up pollution, to eliminate harmful emissions and operate in a more sustainable manner.
The Baltic and International Maritime Council (BIMCO) informs it has continued its support for the Oceans Beyond Piracy (OBP) “The State of Maritime Piracy” report, which addresses how piracy is affecting the shipping industry – and beyond.