At its management conference in Berlin, Siemens AG presented the basic structure of its new company-wide program to some 600 top executives. Despite a difficult market environment, the company expects to achieve one of the best operating results in its history in fiscal 2012. Nevertheless, Siemens w
As an established provider of specialist subsea services to the offshore energy markets, Red7Marine continues to develop its range of fully integrated bespoke equipment and has made a commitment to being considered ‘The Partner of Choice’ where subsea excavation solutions are required. Following an
Subsea 7 S.A. today announces that BP has extended its contract for subsea construction, inspection, repair and maintenance services for the Foinaven and Schiehallion fields located west of the Shetland Islands. The contract extension is valued at approximately US$300m and will run from 2013 until 2
Combining visual communication with access to information and analysis is helping transform the way the U.S. Army Corps of Engineers Galveston District is managing its assets, serving the public and communicating with partner agencies – thanks to Geographic Information Systems technology, better kno
Offshore wind projects are of big interest to Allianz, due to growing pressure that low interest rate environment puts on the insurance company. Consequently, Allianz needs to cut costs in order to get higher returns on investment, Reuters quotes the company’s CFO Oliver Baete. The investment could
Offshore wind projects are of big interest to Allianz, due to growing pressure that low interest rate environment puts on the insurance company. Consequently, Allianz needs to cut costs in order to get higher returns on investment, Reuters quotes the company’s CFO Oliver Baete. The investment could
International Shipholding Corporation announced today that it has entered into a definitive agreement to acquire a 100% ownership interest in U.S. United Ocean Services, LLC (“UOS”), a wholly-owned subsidiary of United Maritime Group, LLC (“UMG”), for a total purchase price of approximately $111 mil
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has secured a £1 million contract to supply its POS-GRIP technology wellhead equipment to new customer Lotos Exploratio
Global marine terminal operator DP World has won the Maritime Infrastructure Award at the 8th India Shipping Summit 2012 in Mumbai in recognition of its commitment and foresight in developing and operating ports that act as catalysts to promote trade. The award given to DP World, Subcontinent was re
In time-honoured maritime tradition, a ceremony was held this morning at the STX shipyard in Saint-Nazaire, France, during which two commemorative coins were welded to MSC Preziosa’s mast radar, marking a significant construction milestone. Following the termination of the agreement with the origina
From October 15 2012, CT Offshore A/S will move its headquarters to the new and modern office facilities, at Svendborgvej 35, 5260 Odense S, Denmark. The company is still growing, and it is running out of space at the current office facilities at Norgekaj 62, 5000 Odense C. CT Offshore has a high de
Global marine terminal operator DP World has won the Maritime Infrastructure Award at the 8th India Shipping Summit 2012 in Mumbai in recognition of its commitment and foresight in developing and operating ports that act as catalysts to promote trade. The award given to DP World, Subcontinent was re
Norwegian Car Carriers ASA has entered into a time charter contract for the 100% owned car carrier “NOCC Caspian” for duration of about 12 months with commencement in early December 2012. The concluded time charter rate is higher than the rate on the current charter and will generate an EBITDA of ab
Wärtsilä’s AQUARIUS® EC ballast water management system (BWMS) has been granted BASIC Approval by the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) during its 64th session in London, which commenced on 1st October 2012. The initial application for BASIC A
