TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that the Company’s Board of Directors voted unanimously to reduce the size of the Board of Directors from seven Directors to
Black Sea Fleet (BSF) hydrographic ship GS-86 returned from survey mission in the Black Sea Fleet. Within the responsibility zone of BSF Hydrographic Service spreading from Ai-Todor Cape to Tarhankut Cape, the crew has performed night inspection of lighthouses and marine lights, tested leading beaco
Hyperdynamics Corporation announced that the Hyperdynamics-operated Sabu-1 exploration well reached the planned total depth of 11,844 feet in a water depth of 2,329 feet, approximately 90 miles southwest of Conakry, Guinea. The well encountered oil shows while drilling the targeted Upper Cretaceous
Elliott Bay Design Group (EBDG) won a contract to design a new 150 ft. steel ferry for the Beaver Island Transportation Authority. The 150‐passenger, 24‐vehicle ferry will be operated by the Beaver Island Boat Company and will replace a 50‐year‐old vessel serving the small Island in Northern Lake Mi
ABB reported an increase in profitability in the fourth quarter of 2011 on a combination of strong revenue growth and cost savings. For 2011, the company reached $40 billion in orders for the first time ever and reported record revenues of $38 billion. Operational EBITDA, the measure of profitabilit
Tap Oil Limited (Tap) has appointed Dr Douglas Schwebel to its Board of Directors effective on this day, 16 February 2012. Dr Schwebel has over 30 years experience in the resources sector, having held various senior executive positions with ExxonMobil, including Exploration Director for its Australi
Coastline Surveys Ltd has completed a major contract for a geotechnical survey and laboratory analysis in support of the MoD’s capital dredge campaign in Portsmouth Harbour. The programme is to support the extensive upgrade and deepening of the channel. The pre-dredge geotechnical survey involved th
Prysmian Group, world leader in the energy and telecom cables and systems industry, has been awarded a record contract worth approximately 800 million Euro, the highest value ever awarded in the cable business, for the development of Western HVDC Link, a new submarine High Voltage Direct Current (HV
Marinette Marine Corporation has been awarded an additional 40 Response Boats – Medium (RB- Ms) by the U.S. Coast Guard. With an approximate value of $89,600,000 the new boats are part of a multi-year, U.S. Coast Guard contract for the construction and delivery of up to 250 RB- Ms at a total contrac
Emerson Process Management has been awarded a multi-million-dollar contract to automate a new offshore platform in the Azerbaijan sector of the Caspian See, by the BP operated Azerbaijan International Operating Company (AIOC). The Chirag Oil Project, to be completed in 2013 and operated by BP Azerba
The first of 5 Steber Navy support vessels was launched on 9th February, 2012. MV Koala will stay in the Manning River for a couple of weeks undergoing tests and trials before heading to its new home in Sydney Harbour. Among the onlookers at the launch were representatives from NSW Maritime; NSW Mar
A new state of the art global anti-piracy centre has been unveiled in Portsmouth, helping Shipowners and Charterers to save hundreds of thousands of pounds on Maritime Security. The centre opens one week before senior representatives from around the world arrive in the UK to discuss breaking the pir
Helix Energy Solutions Group, Inc. announces that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel. Owen Kratz, Helix’s Chairman and CEO, stated, “We are leveraging our market and technological leadership in subsea well intervention along with the proven
OceanWorks International announces the successful delivery of a major system upgrade, Lloyd’s certification renewal and completion of sea trials for the Turkish Navy’s Atmospheric Diving Suit system. After 5 years of operation, the Turkish HARDSUIT™ Atmospheric Diving System (ADS) was returned to Oc
