The IMO Council, meeting for its 109th session in London has endorsed, in principle, a restructuring of IMO’s Sub-Committees, in order to better address the technical and operational issues covered by IMO regulations, as part of a review and reform process initiated by Secretary-General Mr. Koji Sek
IHC Beaver Dredgers has delivered another Delta Multi Craft (DMC) 1200 workboat to Subsea 7. The workboat will be used in combination with a new IHC Beaver 1200 cutter dredger and set to work in Western Africa. It was supplied from stock to ensure a minimum lead time, and the workboat and dredger ha
In August 2012, scientists conducted an intensive geological survey of the submarine rhyolitic Omurodashi volcano located south of Izu-Oshima, Tokyo Metropolis, using the remotely operated vehicle (ROV) Hyper Dolphin. The survey, led by Kenichiro Tani, Research Scientist, Institute for Research on E
Aberdeen head-quartered global shipping and energy services firm, Craig Group, has announced results for the year ending April 2012. The privately owned, family-run business has reported turnover of £123.3 million with operating profits of £14.8 million. This is an increase on their 2011 turnover of
Oceanografia S.A. de C.V., one of Mexico’s largest offshore vessel operators specializing in underwater survey, diving, pipe laying construction and maintenance operations, has signed a contract with ABS Nautical Systems to implement the NS5 Enterprise asset management software across its entire fle
SSE plc has announced half year results for the six months to September 2012. Lord Smith of Kelvin, Chairman of SSE, said: “SSE’s focus is always on full-year results, because the potential for volatility is always much greater in a half year period, but it is obviously encouraging that adjusted pro
SSE plc has announced half year results for the six months to September 2012. Lord Smith of Kelvin, Chairman of SSE, said: “SSE’s focus is always on full-year results, because the potential for volatility is always much greater in a half year period, but it is obviously encouraging that adjusted pro
Overseas Shipholding Group, Inc., an energy transportation service company, today filed voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the U.S. Bankruptcy Court for the District of Delaware. The company intends to use the Chapter 11 process to significantly reduce it
Sierra Leone National Shipping Company (SLNSC), a state owned company of the Government of Sierra Leone, and Four Handy (FHL) a Premuda Group Company, on November 12, 2012, announced the formation of the National Carrier of Sierra Leone, SLNC: Sierra Leone National Carrier. SLNSC was formed by the s
Trade and the make or break issues impacting its growth were the focus of a transport and logistics roundtable discussion hosted by DP World this week to contribute to the World Economic Forum Global Agenda Council meetings currently being held in Dubai. In a lively debate under the umbrella theme o
Swiber Holdings Limited (“Swiber” or together with its subsidiaries, the “Group”), a world class integrated construction and support services provider to the offshore industry, announced that it has clinched sizeable contract wins worth approximately US$143 million. This comprises an approximate US$
Malaysian Rating Corp Bhd (MARC) has downgraded the ratings of Tanjung Langsat Port Sdn Bhd’s (TLP) RM250mil bonds and RM135mil debt notes while the outlook on the ratings remains negative. The rating action reflects TLP’s continued losses and weak cash flow arising from a delay in the commencement
Drydocks World one of the world’s leading maritime service providers announced today that Chairman Khamis Juma Buamim had highly productive discussions with the Indonesian Defense Minister HE Prof. Dr. Purnomo Yusgiantoro on wide ranging issues of mutual co-operation within the maritime industry wit
Dolphin Group ASA, an asset light supplier of marine geophysical services, announced third quarter 2012 results with revenues of USD 61.2 million, compared to USD 43.0 million in Q3 2011. Highlights for the quarter are following: – EBITDA of USD 28.9 million (47,2%), improved from USD 9.1 million in
