Offshore Suppliers News

Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk, the world's largest shipping company.The case stems from an investigation that started in 2014 as part of Brazil's sprawling Car Wash scandal, which has since included suppliers like Maersk and uncovered corruption throughout multiple countries in more than 70 police operations.A statement released by prosecutors on Friday said a former Maersk executive in Brazil…

Wondering What to Trim? Look to the skies: billions in offshore savings may be orchestrated from the back office. For many managers (and analysts), sales, general and administrative costs, or SG&A, are ordinary accounting lines on an offshore services company’s ledger. Less ordinary — less known — is that a sizable chunk of the “A” in SG&A are travel costs that can be better managed. A recent restructuring-focused Deloitte report suggested that SG&A costs might be the wisest costs to shed without thwarting operations. For offshore suppliers, the wisest SG&A costs to shed might just be travel costs. Examining SG&A for offshore outfits produces some interesting travel numbers…

The Japan Ship Machinery and Equipment Association (JSMEA) has compiled a list of Japanese-made ship machinery and equipment products for offshore units, publishing this information on a dedicated website and corresponding print brochure. The website and brochure offer access to information on a variety of products and companies spanning the Japanese offshore supply chain, from machinery and equipment manufacturers to maintenance and service providers. JSMEA noted that a growing number of offshore users worldwide have relied on Japanese makers and products…

The Japan Ship Machinery and Equipment Association (JSMEA) has compiled a list of Japanese-made ship machinery and equipment products for offshore units, publishing this information on a dedicated website and corresponding print brochure. The website and brochure offer access to information on a variety of products and companies spanning the Japanese offshore supply chain, from machinery and equipment manufacturers to maintenance and service providers. JSMEA noted that a growing number of offshore users worldwide have relied on Japanese makers and products…

“We continue to be successful in world markets and have also found new customers in attractive niches in 2011. At the same time, our regular customers are now again ordering not only in the newbuilding segment but precisely also in the retrofit area,” said Dr. Alexander Nürnberg, Chairman of VDMA Marine and Offshore Equipment Industries, at a late 2011 press conference held in Hamburg. The German maritime economy is an essential industrial sector, which — particularly in the rather…

The VDMA (German Engineering Federation) has noted an upsurge in orders for German marine equipment and offshore suppliers, despite a six percent drop in sales in 2010. “We continue to be successful in world markets and have also found new customers in attractive niches in 2011. At the same time, our regular customers are now...ordering not only in the newbuilding segment, but...in the retrofit area,” stated Dr. Alexander Nürnberg, Chairman of VDMA Marine and Offshore Equipment Industries, at the association press conference held in Hamburg on Wednesday. “2010 was a difficult year for marine equipment suppliers in production, as there were few new orders from shipbuilding in 2009. Nevertheless, we have retained our staff.

“2008 was generally still a very good year with impressive 8.4% growth. In autumn, however, gloom also spread to our sector, which has been so used to success in the last five years,” reports Dr. Alexander Nürnberg, chairman of the German Engineering Federation (VDMA) – Marine and Offshore Equipment Industries at the association’s press conference in Hamburg. “We had expected a consolidation of the  shipbuilding markets, which had been very overheated up to mid-2008. But no one could foresee the actual massive impact of declines in orders…

By Brian A. Barbara D. Linney & David A. Most federal government contractors are familiar with the scores of standard clauses incorporated by reference into their contracts and subcontracts as mandated by the Federal Acquisition Regulations (FAR) and the departmental supplements such as the DFARS. Although most contracts include close to 100 standard clauses addressing a panoply of regulatory requirements, there are no standard clauses addressing compliance with the export control laws. For this reason, it is not uncommon for corporate contract administrators and purchasing agents to believe that the export control laws are synonymous with industrial security requirements and that as long as technical data to be provided to subcontractors is not classified as Confidential…