Ericsson launched the first of their two challengers for the 2008-09 race last night at the World Trade Centre Plaza in Barcelona. The second generation Volvo Open 70, named Ericsson 3 and designed by Argentina’s Juan Kouyoumdjian, was officially christened before an audience of 1,500 guests.
Knightsbridge Tankers Limited reports net income of $60.4 million and earnings per share of $3.53 for the fourth quarter of 2007. Included in the net income figure is a gain of $49.1 million resulting from the sale of 1995- built VLCC Chelsea in December 2007. Earnings per share in the fourth quarte
Oceanteam ASA announced today that it had signed a contract with BARD Engineering GmbH for Inter Array Cable Installation Services associated with the BARD Offshore 1 Wind Farm, due for installation in 2009 & 2010.
Aker Kvaerner has acquired a majority shareholding in the Norwegian company First Interactive AS. The agreement includes an option to buy the remaining shares. Aker Kvaerner is recognised for its development of innovative deepwater drilling technologies, satisfying the industry’s requirements for ef
Full year consolidated revenues of NOK 57 957 million represented an increase of 15 percent compared to 2006. This increase was due mainly to good markets and high activity in all business areas. Fourth quarter consolidated revenues amounted to NOK 14 876 million, slightly lower compared with NOK 15
Operating result is negative with EUR 3.98 mill. Net result is negative with EUR 6.65 mill. Oceanteam takes delivery of the Bourbon Oceanteam 101 and experienced delay on hire to BP Angola.
The Board of Frontline Ltd. (announces net income of $202.3 million for the fourth quarter of 2007, equivalent to earnings per share of $2.70. Operating income for the quarter was $152.7 million including a gain on sale of assets of $53.4 million. This gain consists of $37.0 million relating to the
The environment group Sea Shepherd’s ship, the Steve Irwin, is to resume its anti-whaling campaign in the Southern Ocean free of legal action by Australia. Despite Japanese Government calls to act against the hardline environmentalists, the Australian Federal Police is yet to formally interview any
The ‘Offshore Runner’ vessel (Yard No 358) for Raj Shipping Agencies Ltd, Mumbai was successfully launched on February 11 at Dempo Shipbuilding and Engineering Pvt Ltd, Old Goa.
An unlocked hatch on a French trawler may have caused the death of six men in the English Channel, an inquest has found. Only one fisherman survived from the crew of seven when La P’tite Julie sank off Cornwall in January.
Bad weather has thwarted attempts by investigators to board a trawler that ran aground on Hirta, St Kilda. The Marine Accident Investigation Branch (MAIB) has only been able to fly over the vessel, which became wedged on rocks two weeks ago.
The future of a Devon shipyard and the 160 people who work there has been secured for up to five years. Appledore yard, owned by Babcock Marine, will help build hull sections for the UK’s two next generation of aircraft carriers.
Aker Kvaerner has entered into an agreement which gives full ownership of Finnish RR Offshore and ends the co-operation between Aker Kvaerner and it’s former Russian partner ST Holdings. As part of the agreement, Aker Kvaerner sells its shares in the Astrakhan Korabel yard to ST Holding. The parties
StatoilHydro has awarded Aker Kvaerner a contract for modifications of the Troll C platform. The object of the Troll low pressure production (LPP) is to facilitate increased oil recovery on Troll West called “long term production”. The contract is a full EPCI contract covering all engineering discip
