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Global Industries to Take Delivery of Global 1201

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Keppel Singmarine Pte Ltd (Keppel Singmarine), the specialized shipbuilding arm of Keppel Offshore & Marine Limited (Keppel O&M), is on track to deliver GLOBAL 1201, the second new generation derrick pipelay vessel to Global Industries Ltd (Global Industries) safely, on time and within budget. Keppel Singmarine was awarded a S$50,000 (over $40,000) bonus from Global Industries for achieving zero-incidents during the construction of this 162 meter-long double-hull vessel. Tong Chong Heong, CEO of Keppel Offshore & Marine, said, "GLOBAL 1201 is a great example of excellent teamwork and reflects a strong alignment of goals and priorities between Keppel Singmarine and Global Industries. Together, we have achieved greater construction efficiency and execution on this second derrick pipelay vessel, without compromising the safety of our people and workplace." GLOBAL 1201 was named by Lady Sponsor, Deidre Reed, wife of Global Industries' CEO John Reed, at Keppel Singmarine on June 25. It was designed to operate in waters up to 3,000 meters deep, and complies fully with the International Maritime Organization Special Purpose Ships codes. Reed said, "Keppel Singmarine has proven once again, its strong expertise in custom-building advanced vessels, especially those with dynamic positioning capabilities. Responsiveness and versatility are key strengths of theirs, which we at Global Industries appreciate very much.


Global Industries Prices Offering Stock at $9

Global Industries Ltd. priced an offering of 8.5 million shares of its common stock at $9 each. The offering of the shares will generate about $72.3 million in net proceeds that will be used to repay outstanding indebtedness under the company's term loan facility and for general corporate purposes and working capital, Global Industries said. The company said it also granted the underwriters an option to purchase up to an additional 850,000 shares to cover over-allotments


Global Industries Appoints New President

Global Industries has elected Peter Atkinson as president of the company, effective June 1. Atkinson, who joined Global in 1998 as vice president and CFO will continue to report to William J. Dore, chairman and CEO of the company. Prior to joining Global, Atkinson served as director of financial planning with J. Ray McDermott and has 33 years of experience in financial management and accounting. The company also appointed Tim Miciotto as vice president and CFO


Global Announces New Vice Presidents

Global Industries, Ltd. announced that it has appointed three to vice presidential positions. Eddie J. Evans has been named to the position of Vice President - Health and Safety. This new position reflects the importance Global places on safety in the workplace and its integral role in Global's success. Mr. Evans joined Global in January 1998 as Corporate Director of Safety responsible for all safety and health measures worldwide. He came to Global from J. Ray


Global Acquires Marine Construction Business

Global Industries, Ltd. has attained the offshore marine construction business of its Mexican joint venture CCC Fabricaciones y Construcciones, S.A. de C.V. and sold its interest in CCC to the other principal shareholder of CCC, Grupo Consorcio de Fabricaciones y Construcciones. Under these terms, Global is acquiring four marine vessels and the marine support base at Cuidad de Carmen, Mexico, in addition to the existing offshore marine construction contracts totaling more than $72 million.


Low-Carbon Shipping Alliance Gains Momentum

Photo: International Maritime Organization (IMO)

Days after the announcement by International Maritime Organization (IMO) of the Global Industry Alliance (GIA), another commercial company has joined the initiative to help shipping and related industries transition towards a low-carbon future.   The Grimaldi Group, a global shipping and logistics company, has become the 14th company to join the GIA, a public-private partnership initiative in which 'industry champions' from various sectors of the industry come together to tackle the


Report: Deepwater Development Will Outpace Equipment Supply

The booming global deepwater oil industry is on course to outpace supply of offshore development hardware in the next two years, according to an analysts' report. "Deepwater construction capacity will be insufficient to handle anticipated demand requirements in 2002 and particularly 2003-04," said an oilfield and equipment services report by Schroder Salomon Smith Barney. "We believe a rush of field development plans will be sanctioned in 2001


Geodis Wilson Appoints New Global Director

Global freight management company Geodis Wilson has announced the appointment of Mark Ness as new Global Industry Director – FMCG (Fast Moving Consumer Goods). Mark’s appointment reflects the importance to Geodis Wilson managing growth in the highly volatile FMCG – Retail vertical - a truly global market sector in constant flux, with ever greater product ranges, faster item turnovers, and an increasing demand for flexible, transparent and seamless supply chain management


Maritime Energy Management in the Spotlight

Photo: International Maritime Organization

 International Maritime Organization (IMO)'s global energy efficiency rules are key to a sustainable future for shipping.    This was the message from IMO Secretary-General Kitack Lim to the MARENER 2017 conference on maritime energy management, taking place at the World Maritime University (WMU) in Malmö, Sweden (24-25 January).    Lim emphasized the importance of energy management and outlined the numerous on-going IMO projects to help implement global


Tidewater Elects Taylor to Board of Directors

Tidewater announced the election of Cindy B. Taylor to its Board of Directors for a term expiring in July 2008. Mrs. Taylor comes to Tidewater with a distinguished and successful career in the oil and gas industry. Since May 2006, Mrs. Taylor has served as President and CEO of Oil States International, Inc., a diversified solutions provider for the oil and gas industry. From May 2000 through May 2006, Mrs. Taylor was a Senior Vice President


New Global Industry Alliance Established to Support Low Carbon Shipping

Photo: International Maritime Organization (IMO)

 Leading shipowners and operators, classification societies, engine and technology builders and suppliers, big data providers, and oil companies have signed up to a new Global Industry Alliance (GIA) to support transitioning shipping and its related industries towards a low carbon future


IMO: Focus on GHG Emissions

Photo: International Maritime Organization (IMO)

 Nearly 300 delegates from International Maritime Organization (IMO) Member States, international NGOs and intergovernmental organizations have gathered at IMO Headquarters in London for the first meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from


ABS Expands Greek Presence

Photo: ABS

Classification society ABS unveiled its Global Ship Systems Center and announced the formation of its Hellenic Technical Committee in Athens.   “This cutting-edge facility brings together industry-recognized technical leaders to support clients throughout the entire lifecycle of


EU Intensify China Cooperation for IMO CO2 Strategy

Photo: European Community Shipowners Associations (ECSA)

 Following the decision of the United States to withdraw from the Paris Climate Agreement, the European Community Shipowners' Associations (ECSA) and the International Chamber of Shipping (ICS) encourage the intentions of the European Union and the People's Republic of China to intensify


ABS Hosts Industry Leaders in Athens

Christopher J. Wiernicki (Photo: ABS)

ABS, a provider of classification and technical services to the marine and offshore industries, held its annual Hellenic National Committee meeting in Athens, Greece in June.    “As the recognized classification leader in Greece


Scottish-led Group Wins Maritime Safety Award

MV Isle of Mull leaving Oban Bay (Photo: CalMac)

The Project SEAHORSE consortium, led by the University of Strathclyde, brought together experts from across the maritime world to research and implement safety considerations pioneered by the aviation industry – the first project of its kind in the world.  


Project to Address Marine Bio-invasions Concludes

Photo: International Maritime Organization

 A decade-long project to promote implementation of an international treaty stemming the transfer of potentially invasive species in ships’ ballast water has reached a successful conclusion at a meeting of stakeholders from Governments, industry and UN bodies. 


Maersk to Lift the Lid on Digital Disruption

File photo: Maersk Line

Maersk is set to unveil the thinking behind its recent tie-ups with IBM and China’s Alibaba when the firm’s Chief Digital Officer, Ibrahim Gokcen, takes the stage at this year’s Nor-Shipping. The maritime event week, taking place across a series of venues in Oslo and


Consolidation Not Enough to Save Box Shippers -Study

File photo: Hamburg Süd

The outlook for global container carriers remains rocky at the outset of 2017, according to a new study by AlixPartners.   Hanjin Shipping Co.’s bankruptcy in 2016 sent shock waves through the industry, while Brexit and the new U.S


INTERTANKO Pans EU ETS Shipping Vote

Katharina Stanzel, Managing Director  Photo INTERTANKO

By majority vote, the Members of the European Parliament have agreed to include shipping in the European Emission Trading Scheme (ETS) Directive as of 2023, unless there is a comparable system agreed under the auspices of the International Maritime Organisation (IMO) by the end of 2021.  


EU Votes for Deadline for Shipping Emission

Pic: European Sea Ports Organisation

 The European Parliament voted in favour of  the inclusion of  CO2 emissions from shipping in the EU Emission Trading Scheme (ETS) and the establishment of a maritime climate fund “in the absence of progress at international level” as from 2023.     


COSCO 'bidding' for Orient Overseas

Photo: Orient Overseas Container Line Limited

Chinese conglomerate Cosco Group is in talks to acquire smaller rival Hong Kong-based rival Orient Overseas Container Line Co. ( OOCL), Chinese media outlet Caixin reported quoting people familiar with the matter.   The state-owned China COSCO  will compete with Evergreen Marine Corp


2nd Asian Marine Casualty Forum Launched

FIRST ASIAN MARINE CASUALTY FORUM A HIGHLIGHT OF SINGAPORE MARITIME WEEK 2015 Photo LOC

Following the success of the inaugural Asian Marine Casualty Forum (AMCF) in 2015 and by popular demand, the bi-annual industry forum aimed at addressing the current crises in maritime casualty management, is back for the second time running and officially launched in Singapore today


Training for Better Ballast Water Management

Photo: International Maritime Organization (IMO)

 Work to implement International Maritime Organization (IMO)’s Ballast Water Management (BWM) Convention in developing countries is underway in Zagreb, Croatia this week, with two training activities under IMO’s GloBallast project.   


ICS: IMO Needs to Agree to CO2 Commitments by 2018

ICS Director of Policy and External Relations, Simon Bennett (Photo: ICS)

At the UNFCCC Climate Conference (COP 22), in Marrakesh, the International Chamber of Shipping (ICS) said that the recent International Maritime Organization (IMO) agreement on a CO2 Road Map for shipping is a significant decision giving further impetus to the substantial CO2 reductions that are






 
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