Teekay Offshore Partners (Teekay Offshore or the Partnership) announced that it has entered into an agreement to acquire a 2010-built HiLoad Dynamic Positioning (DP) unit from Remora AS (Remora), a Norway-based offshore marine technology company, for a total purchase price of approximately $55 milli
After the successful execution of the contracts on the Bonny Gas Transport ‘LNG SOKOTO’ and the LNG carrier ‘Lalla Fatma N’Soumer’, Damen Shiprepair Brest has contracted three new dry docking operations. The Finnish Suezmax Tanker ‘Alfa Brittania’, the Norwegian Suezmax Tanker ‘Erviken’ and the Swed
Northport (M) Bhd, one of the main maritime gateways in the country, believes that its port capacity-expansion plans will be the catalyst to ride over the expected headwinds that may hit the industry going forward. This is because as a seasoned player, the wholly-owned subsidiary of NCB Holdings Bhd
Oil has started flowing from the Causeway Field in UKCS Block 211/23d, Antrim today announced. The company holds 35.5% working interest in the field. Commissioning of the Causeway field has now commenced with gross production rates of around 4,500 barrels of oil per day on a 53% choke. Initial produ
Remote Ocean Systems announces the appointment of Barry Ross as Technical Sales in the Aberdeen Office. Barry has extensive experience performing technical support, maintenance and operation of ROVs and related equipment. Barry is a welcomed member of the growing Aberdeen team with the technical exp
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading marine engine manufacturer, announced today it has successfully carried out the world’s first ME-GI full scale demonstration test in combination with Hi-GAS. HHI’s independent LNG Fuel Gas Supply (FGSS), Hi-GAS system (Hyu
APM Terminals’ result for the period was affected by the slowdown in the major Asia-Europe trade lane, which affected port volumes and results in most of the larger terminals in both Asia and Europe. Positive developments in Africa and Americas secured overall volume growth. The global container ter
SBM Offshore N.V. has agreed to the sale and transfer of GustoMSC, to Parcom Capital, a private equity group, for a consideration of approximately US$ 185 million. The purchase price will be paid in cash at closing. The sale is a first step in the divestment program for non-core assets of approximat
2H Offshore Inc, an Acteon company announces that it has been selected as one of the Houston Chronicle’s Top Workplaces for 2012 – a list of the best places to work in the Houston metro area. 244 companies participated in the program and 150 were selected for the Top Workplaces prestigious award. 2H
Vantage Drilling announced that the Titanium Explorer, which was acquired in April 2012, mobilized to the United States Gulf of Mexico, to commence an eight year contract with Petrobras. Acceptance testing with the customer was interrupted during the third quarter by Hurricane Isaac, which necessita
The Mexican Federal Secretary of Communications and Transportation, Dionisio Perez-Jacome Friscione, the Governor of the Mexican State of Michoacan de Ocampo, Fausto Vallejo, and senior representatives of APM Terminals, formally laid the foundation stone November 9, 2012 for the new Lázaro Cárdenas
Dril-Quip, Inc. announced net income of $29.7 million, or $0.73 per diluted share for the three months ended September 30, 2012, versus net income of $23.3 million, or $0.58 per diluted share for the third quarter of 2011. Total revenues were $190.9 million during the quarter ended September 30, 201
Idreco delivered the dredger for the company Fa. Markus WolfKieswerk & Transporte member of the Holcim France group. This ISD 350 has an underwater pump and engine with a suction depth of 26 meters. The dredger is equipped with our PK 350 pump driven by our electric direct drive system with a 315 KW
The Los Angeles Board of Harbor Commissioners has approved construction contracts totaling more than $127 million for two major projects that advance modernization of the marine container terminal operated by longtime tenant, TraPac, Inc. With work due to begin in January, the projects are key eleme
