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Offshore Market

Deepwater Mining Dredger Delivered to Jan de Nul

Dredger Joseph Plateau’: Image credit Jan De Nul

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 Launches New International Offshore Division

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 Back to Growth, Stable Profitability in 2012

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%)


Acquisition of Drilling Technology Company Sense EDM

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 to Showcase Solutions at OTC Houston 2012

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


Bureau Veritas Selects New Offshore Lead

Matthieu de Tugny (Image: Bureau Veritas)

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 Capitalizes Offshore

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 In FSN Private Equity Joint Venture

File image

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 Signs Brazil Shuttle Tanker Contract

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 Announces Expansion

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


Kongsberg Performs Well in Q2

Kongsberg Maritime Building Carpus 3, Kongsberg, Norway. Photo: Kongsberg Maritime

 Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends, but strong growth in earnings.   Kongsberg had operating revenues of 4.13 billion Norwegian crowns ($502


MN100: Eastern Shipbuilding Group, Inc.

(Photo: Eastern Shipbuilding Group, Inc.)

The Company: Eastern’s original shipyard was established in 1976 for the purpose of constructing commercial fishing boats for the company’s founder and President, Brian R. D’Isernia. By 1980, 26 commercial fishing vessels had been constructed and delivered


Will Vessel Prices Continue Relentless Slide?

Graph: Poten & Partners

 Tanker Opinions, published Poten & Partners says that, for a shipowner, there are usually a few twists to the traditional capital budgeting process.   A shipowner that is deciding whether to invest in new capacity has at least three other factors to consider: (1) his


Gibdock Records Busiest Season

Gibdock played host to four offshore support vessels at the same time at the end of June. Photo Gibdock

Simultaneous attention to four offshore support vessels at Gibdock demonstrates that the Gibraltar yard is now a regional hub for this specialized repair, maintenance and renewal work, operating as a base for mobilisation and de-mobilisation projects.


Svitzer Continues Its Expansion In Towage

SVITZER ODEN assisting Ebba Maersk,Gothenburg, Sweden. Photo: Svitzer A/S

 In highly challenged shipping and salvage markets, Svitzer delivered an underlying profit for Q2 2016 of USD 23m (USD 30m).   In the first 6 months of 2016, Svitzer expanded its market share in key markets. It is also in the midst of implementing several long term contracts in its


Brexit Implications for Global Shipping, Sea Trade

Photo:  International Chamber of Shipping

 The buzzword for the post-Brexit landscape both in Europe and further afield is ‘uncertainty’. No-one really knows the long term effect that Brexit will have on local and global economies, says  Eversheds International.  


DNV GL Wins Verification Work for Wintershall

Photo: DNV GL

 DNV GL has been awarded a 5 year contract to provide in-service verification work for Wintershall Noordzee B.V.’s (WINZ) RAVN and A6-A platforms.   The two platforms based in the North Sea are the unmanned RAVN in the Danish sector and manned A6-A in the German sector


Vard Reports High Order Intake from Non-offshore Markets

5 Module Carrier Vessels for Topaz Energy and Marine Photo Vard (for illustration only)

New order intake of NOK 6.2 billion from contract wins for 19 vessels. Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of the major global designers and shipbuilders of offshore and specialised vessels


N-Sea Opens Office in Dubai

Roddy James, Chief Operating Officer Photo  N-Sea

As part of its continuing global growth strategy, subsea IMR provider N-Sea has announced the opening of a new office in Dubai, with operations due to commence as early as August 2016.   The new base will support N-Sea’s increased presence in the region


Offshore Oil Oscillations In West Africa

Graph: Clarksons Research

 Global excess oil supply still looks likely to average 0.5m bpd in 2016 – sufficient, it would seem, to stop oil prices rising much above $50/bbl and therefore to forestall a recovery in E&P activity and the offshore markets, Clarksons Research.  


Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä will offer maintenance and repair services at a new maintenance hub for marine and power plant operators in cooperation with Zamakona Yards in Las Palmas, Canary Islands. Photo Wartsila

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


Onshore Shale: Worth Keeping In The Shipping Spotlight

Graph: Clarksons Research

 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 Bags Wind Farm Service Boat Order

Image: Tuco Marine Group

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


Vard Back in the Black

OSCV for Farstad under construction at Vard VungTau Photo Vard Holdings

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


Ulstein Group Records Operating Loss of $11.5M

Ulstein Group Deputy CEO Tore Ulstein and CEO Gunvor Ulstein Photo Ulstein Group

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






 
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