HydroComp Celebrates 30 Years
HydroComp, Inc. began as a business venture in 1984 to meet the specific needs of naval architects and shipbuilders in the area of resistance and power predictions.
ASV Debuts New Unmanned Surface Vehicle
ASV introduced C-Worker, a multiuse offshore unmanned surface vehicle developed to conduct subsea positioning, surveying and environmental monitoring for oil and gas operations. C-Worker was demonstrated to members of the oil and gas and offshore surveying industries in January 2014 when ASV, alongside sister company C&C Technologies operated the vehicle in the Solent off Portsmouth, U.K. Fitted with a Sonardyne Gyro USBL acoustic positioning system…
Geolink Provides VSAT in the Gulf of Guinea
Geolink Satellite Services has signed a contract to implement and manage global VSAT maritime solutions on an offshore plateform. The company will provide VSAT equipment…
Tundra MDS Completes Stage 1 of ISO 14001:2004
Tundra Maritime Defense Services (MDS), the maritime division of Tundra Group, announced that it has completed Stage 1 of the ISO 14001:2004 and OHSAS 18001:2007…
Today in U.S. Naval History: February 7
Today in U.S. 1800 - USS Essex becomes first U.S. Navy vessel to cross the Equator. 1815 - The Board of Naval Commissioners, a group of senior officers, is established to oversee the operation and maintenance of the Navy, under the direction of the Secretary of the Navy. 1965 - In response to a Viet Cong attack on barracks area at Pleiku, South Vietnam, aircraft from carriers, USS Coral Sea, USS Hancock, and USS Ranger attack North Vietnamese area near Donghoi.
Deltamarin Designs FPSO for Bumi Armada
Deltamarin signed a contract with Bumi Armada, for the basic design of a floating production, storage and offloading (FPSO) unit. In November 2013, the Malaysia…
WaveRoller Obtains DNV GL Verification
WaveRoller, the wave energy device created by wave energy developer AW-Energy has received independent performance verification, taking the wave power industry one step closer to commercialization. WaveRoller received its validation after operating in fully exposed ocean environment during testing campaigns in 2012 and 2013. AW-Energy submitted detailed data covering wave conditions and device performance for external verification.
Statoil to Cut Expenditure by $5 Billion
Statoil's fourth quarter 2013 net operating income was NOK 43.9 billion. In 2013, net operating income was NOK 155.5 billion. At today's Capital Markets Update, Statoil presents its plan for reduced capital expenditure by more than $5 billion (USD) from 2014-16 compared to previous plans. This will enable positive organic free cash flow after dividend from 2016. Statoil expects to deliver around 3 % average rebased organic production growth from 2013-16.
Rig Counts up from One Year Ago
Baker Hughes Incorporated (BHI) has announced that the international rig count for January 2014 was 1,325, down 10 from the 1,335 counted in December 2013, and up 46 from the 1…
Thrustmaster Adds Waterjets to Product Line
Thruster manufacturer Thrustmaster of Texas, Inc. expanded its product lineup to include waterjets after acquiring the technology of DOEN Pacific on Wednesday. DOEN, a designer and manufacturer of waterjet propulsion systems for the past 48 years, is one of five marine waterjet manufactures in the world building waterjets up to 4,000 kW for the commercial and military marine markets. To meet the demands of large scale…
Raising the Bar for Drilling Risers
The oil and gas industry innovates to exploit hydrocarbon resources in harsh environments or locations where access is difficult. In recent years, the focus of these…
Dynamic Oil Expands Middle East Operations
Three new appointments announced as recruitment drive to support expanding customer base continues. Dynamic Oil Trading has announced a series of appointments at the company’s recently launched Dubai office, amid continued expansion of the firm’s Middle East operation. Bunker traders Leonore Lagendijk and Mirko Antichi, as well as accountant Sheila Oller will join Dynamic Oil Trading’s Dubai operation with immediate effect.
ShipMoney Signs Marketing Agreement with SBNTEX
The Program Manager of the Visa ShipMoney Program announced that it has signed a multiyear Marketing and Business Development Agreement with SBNTEX, a wholly owned subsidiary of SBN Technologics. Under terms of the multiyear Agreement, SBNT will market and promote the ShipMoney Program to its customers and prospects throughout the world for the commercial maritime industry independently or as an integral component of SBNT’s payroll CTM module (PRC). S.B.
Hans Jakob Kruse has Died
Hapag-Lloyd mourns the loss of former Executive Board chairman Hans Jakob Kruse, who led the company from 1973 until 1993. On February 4, Hans Jakob Kruse died in Hamburg at the age of 84.
BSEE Hosts USCG Quarterly Meeting
Today, representatives of BSEE’s Gulf of Mexico Region hosted U.S. Coast Guard (USCG) officials in this year’s first quarterly meeting at the Gulf Region Office in New Orleans. Gulf of Mexico Region Director Lars Herbst and 8th District USCG Admiral Kevin Cook met with staff from both agencies to coordinate and discuss operational issues in the Gulf of Mexico. The quarterly meetings were implemented under a Memorandum of Understanding between BSEE and USCG effective November 27…
Korea Shipbuilder's 2013 Profit Falls 86%
According to the Yonhap News Agency Hyundai Heavy Industries Co., the world's largest shipbuilder informed Thursday that its net profit tumbled 86 percent last year from a year ago due to a fall in ship prices. Net income came to 146.3 billion won (US$136 million) last year compared with 1.03 trillion won a year ago, report Yonhap, citing a HHI regulatory filing. Hyundai Shipbuilding Division, claims to be the world's number one shipbuilder…
Diamond Offshore Drilling 2013 Profit Slips
In the company's financial report for the fourth quarter of 2103 Diamond Offshore Drilling announced that for the full year 2013 their net income of $549 million, or $3.95 per share, compared with net income of $720 million, or $5.18 per share, in 2012. Revenues for the full year 2013 were $2.920 billion, compared with $2.987 billion in 2012. In the fourth quarter of 2012, Diamond Offshore reported net income of $156 million…
Dutch Treat for Cavotec Moormaster at Ferry Terminal
Cavotec say that their first automated mooring application in the Netherlands is in place as two MoorMaster units were delivered and carefully lowered into position at Port Den Helder. The units will be used by two TESO passenger ferries on the Den Helder-Texel Island route. With a length of 130m, the ferries can hold up to 300 cars and some 1,750 passengers. The MoorMaster units will enable ships’ engines to idle during each 10-minute boarding process.
BIMCO Can Help Members Get Their Just Financial Reward
BIMCO reminds its members that one of its services is intervention to recover outstanding undisputed amounts. The service is free of charge and is offered only to members acting on their own behalf and in their own interest. Members owed money - be it an owner having problems obtaining payment of freight or demurrage or an agent or broker having difficulties in recovering his outlays, agency fee or…
US Secretary of the Navy Concludes Official Australia Visit
Traveling to both Brisbane and the Australian capital Canberra, Secretary of the Navy Ray Mabus met with U.S. and Australian government and military officials to reinforce the alliance between the two countries. Mabus' visit represents a continuation of the Department of the Navy's focus on building partnerships designed to help distribute the burden of securing the global maritime domain based on alliances, shared values and mutual trust.
