New Allseas Positioning Contract for Veripos
Allseas, a leader in offshore pipeline installation and subsea construction, has awarded Veripos a further three-year contract for continuing provision of specialist GNSS positioning services for its entire fleet of vessels headed by the world's largest pipelaying vessel, the 300m Solitaire. Other vessels concerned include companion DP pipelayers Audacia and Lorelay in addition to the DP trenching support and subsea installation vessel, Calamity Jane, the anchored pipelay barge, Tog Mor, and the ROSVs Highland Fortress, Highland Navigator and Highland Rover. Allseas expect to add to its fleet during the course of the contract what will be the world’s largest construction support vessel…
GulfMark Reports First Quarter Results and New Contract
GulfMark Offshore Inc.announced record net income for the first quarter of 2002 of $5.4 million, or $0.62 per share (diluted), on revenues of $29.8 million. This compares to net income of $2.6 million, or $0.31 per share (diluted), on revenues of $21.9 million in the first quarter of 2001. Bruce Streeter, president and COO of the Company, said, "We are very pleased with the results of the first quarter. Despite the usual seasonal slowdown and the lay-up of one of our smallest PSVs in the North Sea (the Highland Legend), the first quarter not only outperformed the first quarter of 2001 by more than 100%, it outperformed our previous first quarter record set in 1998 by approximately 55%.
