Global Industries
Global Industries to Take Delivery of Global 1201
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
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
SBS Worldwide Appoints Gary Hubbard
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 & Offshore Technology: Papers Invited
Europort 2013 issues a call for papers for its Advanced Technology Conferences, November 5-8, 2013 in Rotterdam. Organisers have invited leading national and international players to showcase the global industry’s cutting edge ideas, which will sustain growth in the diverse special-purpose ships sector, as mainstream markets continue to stagnate. The ‘Advanced Technology Conferences’, whose overarching theme is ‘Pioneers in maritime technology’
Mare Forum Shipping Summit 2014 Will be Held in Dubai
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
DNV Calls For More Transparency and Better Preparation
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
Cargotec Make Deal on Technology & Competence Center
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
Severn Trent Receives Technology Leadership 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
IMO’s GloBallast Partnerships Awarded “Best Innovative Project”
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
David Williams Awarded Emery Medal
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
ABB Turbocharging at Shangai CIMAC World Conference
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
Dubai Maritime Cluster Introduced to Ship Owners
Dubai Maritime City's facility & services were introduced at a specially convened Ship Owner’s meeting at The Capital Club at the Dubai International Financial Centre. The recent meeting was attended by Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, Nikolas Veniamis
Global Shipping Industry Slams European Parliament Proposals
The world’s national shipowners’ associations in nearly 50 countries – represented by the European Community Shipowners’ Associations (ECSA), the International Chamber of Shipping (ICS) and the Asian Shipowners’ Forum (ASF) – have united to condemn proposed
ICS Updates Flag State Performance Table
The International Chamber of Shipping (ICS) has launched its latest ‘Shipping Industry Flag State Performance Table’ which can be downloaded from the homepage of the ICS website. ICS Director External Relations, Simon Bennett explained: “Our table is intended to encourage
Gulf of Mexico Pipeline Contract for Technip
Technip wins Discovery System lump sum pipeline installation contract for Discovery’s South Timbalier Block 283 Junction Platform project. David Dickson, Technip’s Senior Vice President, North America Region, declared: “This award is the largest-diameter pipelay contract for
ICS Congratulates UN Secretary General
ICS Chairman Masimichi Morooka has celebrated the 30th anniversary of the UN Convention on the Law Of The Sea by writing to United Nations Secretary General Ban Ki-moon. On behalf of the world’s shipowners, Mr Morooka extended congratulations to the UN and the Division for Ocean
Reckless Shipowners Rapped by IMO Prizewinner
In his acceptance speech Admiral Efthimios E. Mitropoulis is critical as he accepts the IMO International Maritime Prize. The popular Admiral (known as EEM) made the speech at the recent ceremony awarding him the IMO Maritime Prize for 2011 at MO Headquarters, London.
Important Offshore Contract for Technip
Technip awarded an important EPCI contract for the G1200 to develop the Starfish field in Trinidad and Tobago in the Caribbean. Technip wins a lump sum engineering, procurement, commissioning and installation (EPCI) contract with BG International Ltd (BG) for the development of the Starfish
Technip Awarded GofM Subsea Contract
Technip wins a lump sum contract for development of subsea infrastructure for the Cardamom field located in the Gulf of Mexico, Garden Banks block 427. The field is at a water depth of approximately 830 meters, and the project consists of a subsea tie-back to the Auger tension leg platform