Spain's La Naval shipyard has delivered a fallpipe and mining vessel to Jan de Nul for work mainly in the offshore market. Joseph Plateau, is a sister vessel to the earlier constructed Simon Stevin, for the Dutch dredging and marine company Jan de Nul. The new dredger will work mainly in the offshore market and is capable of transporting 33,500 tonnes of rock amd can deliver to a depth of 2,000m. The 200m long and 40m beam Joseph Plateau is the ninth vessel built by La Naval for Jan De Nul since 2002 and is the largest of its kind in the world.
Certex International is launching a new offshore division. Certex International Offshore Services brings together five companies from the Foranka International AB group that are well established within the global offshore market – Certex Offshore (UK), Certex Norge (Norway), Peter Harbo (Denmark), Erling Haug (Norway) and Haug Offshore Services (Norway). All five of the component companies will continue to operate on an individual basis but as part of Certex International
Wärtsilä has issued its financial statement and bulletin for the period January to December 2012. HIgllights of the review period -Order intake increased 9% to EUR 4,940 million (4,516) -Net sales increased 12% to EUR 4,725 million (4,209) -Book-to-bill 1.05 (1.07) -Operating result (EBIT) EUR 515 million or 10.9% of net sales (EUR 469 million or 11.1%) -EBITA EUR 550 million or 11.6% of net sales (EUR 485 million or 11.5%)
TTS Marine ASA has signed an agreement to purchase all shares in the Norwegian drilling technology company Sense EDM. The company supplies drilling equipment and control systems for the on- and offshore markets.
IHC Merwede will exhibit a broad range of its innovative vessels, advanced equipment and lifecycle support activities at stand number 2625 at the forthcoming Offshore Technology Conference (OTC) 2012, which runs from April 30 to May 3 in Houston. As a supplier of custom-built vessels and equipment for the offshore market, IHC Merwede is renowned for focusing on the development of integrated solutions, as highlighted by its position as “the technology innovator
Matthieu de Tugny to lead Bureau Veritas' offshore activities Bureau Veritas has appointed Matthieu de Tugny as Senior Vice President in charge of offshore activities within the marine and offshore operating group. He is tasked with driving forward Bureau Veritas Group initiatives in the oil and gas offshore market and enhancing Bureau Veritas’ technical leadership and recognition in this market. Matthieu de Tugny graduated from the Ecole Nationale de la Marine Marchande
MAN B&W Diesel has positioned itself on the offshore market, having sold more than 80 engines to the sector so far this year. The leading supplier of large-bore diesel engines has been receiving a particularly high number of orders from Norway and Singapore. The engines ordered are destined for use in nearly all areas of offshore oil and gas extraction, including FPSO, research vessels, platform supply vessels (PSV), anchor handling tug supply vessels (AHTS), pipelay vessels
Wilhelmsen Maritime Services (WMS) says it has signed a letter of intent with the Nordic private equity fund FSN Capital to establish a joint venture within engineered solutions, equipment and services to the maritime and offshore markets currently trading under the business area Wilhelmsen Technical Solutions. The new company, to be owned 50% each by Wilhelmsen Maritime Services (WMS) and FSN Capital, comprises the business within HVAC, insulation
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) TOO -0.92% , announced today that it has entered into a new long-term contract with a subsidiary of BG Group plc (BG) to provide shuttle tanker services in Brazil. The contract with BG will be serviced by four Suezmax-size DP2 shuttle tanker newbuildings to be constructed by Samsung Heavy Industries in South Korea
Stratos Global Corporation has entered into a definitive agreement to acquire Shell Offshore Inc.'s telecommunications subsidiary, Shell Offshore Services Company (SOSCo). The transaction is subject to regulatory approvals and customary closing conditions. "The acquisition of SOSCo is consistent with Stratos' long-term strategy of providing communications solutions to high volume industrial customers operating in remote locations," explains Derek Woods, president and CEO of Stratos
Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups, Zamakona Yards, will provide Wärtsilä's high quality service expertise to satisfy
Generally, shipping industry watchers spend much of their time monitoring events out to sea: how fleets are evolving, trade volumes growing and freight rates performing. But occasionally it can be worth pointing the telescope in the other direction
Tuco Marine Group of Denmark informs it has inked a new order for its 11-meter wind farm service boat from the ProZero series of fast rescue boats, daughter crafts and workboats. Tuco said the new order is from a major, but for now undisclosed, company in the European offshore market
Presenting its financial results for the first quarter ended 31 March 2016 today Vard Holdings Limited announced a net profit of NOK 43 million for the period, as compared to a loss of NOK 226 million a year back. Over the past quarter, VARD had focused on efforts to grow in new markets while
In 2015, Ulstein Group recorded revenues of $279.4 million and an operating loss of $11.5 million. The business areas Design & Solutions and Power & Control both recorded profits. The downturn in the offshore sector and a tricky market has to be met with adaptation and innovation
As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually found their 2008 heights just as unsustainable, even as some talked of a “new paradigm”.
According to a regulatory filing, Hyundai Heavy Industries (HHI) racked up 10.2728 trillion Korean won in sales for Q1 2016, a 7.8 percent decline from the previous quarter while operating income swung to a profit of 325.2 billion won, putting an end to a nine-quarter losing streak.
Rapp Marine has received two new orders for the supply of complete electrical deck machinery packages for the two pelagic trawlers, Rockall and Themis, announced Morten Stenkjær, VP Sales Fisheries Rapp Marine. Rapp Marine signed the contract in March 2016 with the shipbuilder
Wärtsilä has been awarded the contract to provide the design for a new jack-up lift vessel. The contract was signed in March with a well known Chinese yard and there is an option for three more vessels. The Wärtsilä design is developed in collaboration with Altis
The 2015 financial year saw VIKING Life-Saving Equipment A/S continue its unbroken, 12-year run of revenue and profit increases. Revenues were up nine percent at DKK 1.891 billion, while profits before tax also grew nine percent to reach DKK 200.5 million
Norwegian shipbuilder Havyard Ship Technology AS reports the cancelation of an order for an advanced subsea vessel placed by an undisclosed "international shipping company" in June last year. The unidentified shipowner has cancelled its contract "in light of the
V.Group has acquired Bibby Ship Management, part of the Bibby Line Group, which has an established track record for providing high quality, safe and reliable ship management and support services to blue-chip clients. Bibby Ship Management services all types of vessels and has particular
* Positive EBITDA margin during 4Q2015, net loss of NOK 170 million for the quarter * Net loss of NOK 1.29 billion for FY2015, weighed down by NOK 474 million net FX losses (NOK 734 million FX losses and NOK 260 million FX gain), of which NOK 380 million net unrealized
While Cosco’s orderbook of US$8 billion seems hefty, the shipbuilding contracts are of low value, says a report in SBR. The orderbook may do the company more harm than good. As at 31 December 2015, Cosco’s order book stood at USD 8 billion with progressive deliveries up
COSCO Corporation (Singapore) Limited has posted net losses of S$570 million for FY2015, compared with the earnings of S$20.9 million in FY2014. The company is hurt by writedown of inventory and possible non-payment by some of its customers.