5th Circ. Won't Reconsider Ruling on FLSA Exemption for Seamen
A U.S. appeals court on Thursday said workers who use cranes attached to boats to load equipment onto offshore oil rigs are not "seamen" exempt from overtime pay under federal wage law, reviving a collective action against liftboat operator All Coast LLC.The full 5th U.S. Circuit Court of Appeals voted 15-2 to deny en banc review to All Coast and reinstated a three-judge panel's unanimous February ruling that said the workers were engaged in industrial activities that had no bearing…
Ezion Sells Offshore Vessel to Astro
Singapore’s troubled liftboat operator Ezion Holdings has signed a memorandum of agreement to sell its offshore vessel Teras Genesis to the offshore and maritime chartering and brokerage company Astro Offshore.Ezion, in an attempt to reduce cash burn and shift focus to liftboats, has agreed to sell the vessel for cash consideration of US$2.25 million.The sale is expected to generate a gain of US$858,000 for Ezion, based on the vessel's US$1.39 million carrying value as at end-September.Ezion will use the sale proceeds to repay its secured bank loans. The mortgage over the vessel will be discharged after the sale.The debt-stricken offshore…
eLearning Training for Jack-up Operators from Oilennium
Initially, Seajacks contacted Oilennium in search of a way to provide effective, cost-effective training for its employees. The first requirement was to work with Seajacks to enhance the companyÂ’s Health and Safety training programme. To achieve this, Oilennium provided Seajacks with access to a wide range of Health and Safety courses through its Learning Management System (LMS), an online user-friendly system that features interactive training tools to maximise retention. Every new Seajacks employee undertakes the full range of Health and Safety training and Vessel Induction. Employees use the LMS to access modules, which are available through the Oilennium website.
