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China: Yuexin Shipyard Holds Launching Ceremony for 69.9m AHTS
Business & Finance

China: Yuexin Shipyard Holds Launching Ceremony for 69.9m AHTS

Launching ceremony for 69.9m Anchor Handling TugSupply Vessel YX3137 built for Tidewater was held in Yuexin Shipyard. Andy Tunnah, the Project Superintendent of Tidewater and Mr. Tan Weibo, the Board Director of Yuexin Company and other senior managers attended the ceremony. The vessel was launched

about 15 years ago
China: Yuexin Shipyard Launches Another AHTS Vessel for Tidewater
Business & Finance

China: Yuexin Shipyard Launches Another AHTS Vessel for Tidewater

Launching ceremony for 69.9m Anchor Handling TugSupply Vessel YX3137 built for Tidewater was held in Yuexin Shipyard. Andy Tunnah, the Project Superintendent of Tidewater and Mr. Tan Weibo, the Board Director of Yuexin Company and other senior managers attended the ceremony. The vessel was launched

about 15 years ago
Reliance Abandons Block 18 in Sea of Oman
Business & Finance

Reliance Abandons Block 18 in Sea of Oman

Reliance Industries Limited (RIL), India’s largest private sector firm, has withdrawn from an offshore oil exploration block in the Sea of Oman, authorities confirmed here yesterday. Block 18, a 21,140 sq km concession located off the Batinah coast, was relinquished by the conglomerate’s wholly owne

about 15 years ago
Saudi Arabia: NSCSA Wins MODA Contract for Transportation and Logistics Services
Business & Finance

Saudi Arabia: NSCSA Wins MODA Contract for Transportation and Logistics Services

The National Shipping Company of Saudi Arabia “NSCSA” announce wining a contract to provide transportation and logistics services for the Ministry of Defense and Aviation “MODA” for a total value of Saudi Riyal 230 Million for a period of three (03) years. This contract will be effective from 11/9/2

about 15 years ago
All American Marine Inc Receives Contract for 65-Foot Dive Vessel
Business & Finance

All American Marine Inc Receives Contract for 65-Foot Dive Vessel

The Port of Los Angeles police dive team will be getting a new $2.47 million vessel under a contract approved Thursday, The Board of Harbo… (dailybreeze) [mappress] Source: dailybreeze, August 23, 2011;

about 15 years ago
UK: Wood Group Revenues Up 17 pct
Business & Finance

UK: Wood Group Revenues Up 17 pct

Wood Group​ PLC today announced 2011 first half results. Financial Highlights Total revenue6 of $2,828.8m (2010: $2,409.7) up 17% Total EBITA2,6 of $192.0m (2010: $153.3m) up 25% Revenue from continuing operations, including PSN since acquisition and excluding Well Support, of $2,481.8m (2010: $1,95

about 15 years ago
India: Cochin Shipyard Names Two Platform Supply Vessels
Business & Finance

India: Cochin Shipyard Names Two Platform Supply Vessels

Cochin Shipyard Naming ceremony for two ships , the naming ceremony of two Platform Supply Ships (PSV) BY 83 and BY 84 was conducted at a glittering ceremony held at Cochin Shipyard. These ships were named Brage Supplier and Brage Trader respectively by Ms. Siri Kleiveland, wife of Mr. Sigfinn Bartz

about 15 years ago
Philippines: DOTC Grounds Island Express Shipping Vessels
Business & Finance

Philippines: DOTC Grounds Island Express Shipping Vessels

The Department of Transportation and Communications has grounded the fleet of Island Express Shipping, the company that owns the Cebu-bound passenger fast ferry from Bohol that caught fire Sunday, killing two passengers and a crew member. In a statement on Monday, DOTC Secretary Manuel “Mar” Roxas I

about 15 years ago
Norway: Eidesvik Posts Q2 Results
Business & Finance

Norway: Eidesvik Posts Q2 Results

Eidesvik today announced second quarter results for 2011. Operating result before depreciation (EBITDA) for Q2 2011 is MNOK 114,7 compared to MNOK 137,6 for the same period last year. Operating income is MNOK 252,0 compared to MNOK 271,8 for the same period last year. Operating result before depreci

about 15 years ago
Wood Group Presents First Half 2011 Results (UK)
Business & Finance

Wood Group Presents First Half 2011 Results (UK)

John Wood Group PLC is a market leader in engineering design, production enhancement and support, and integrated industrial gas turbine maintenance services for customers in the oil & gas and power generation industries around the world. Wood Group employs approximately 35,000 people1 and operates i

about 15 years ago
USA: Waterman Steamship Corporation Wins Time Charter Contract with Military Sealift Command
Business & Finance

USA: Waterman Steamship Corporation Wins Time Charter Contract with Military Sealift Command

International Shipholding Corporation announced today that Waterman Steamship Corporation, a wholly-owned subsidiary of International Shipholding Corporation, has been awarded a time charter contract with Military Sealift Command. The contract is for a firm one year period after which the Military S

about 15 years ago
Oceaneering International Announces New Promotions (USA)
Business & Finance

Oceaneering International Announces New Promotions (USA)

Oceaneering International, Inc. announced the promotion of W. Cardon Gerner to Senior Vice President and Chief Financial Officer. Mr. Gerner’s financial career spans over 30 years and he joined Oceaneering in 2006 as Vice President and Chief Accounting Officer. He was previously employed by Service

about 15 years ago
Japan: Design Work Starts on Aquarius Solar Power Array
Business & Finance

Japan: Design Work Starts on Aquarius Solar Power Array

Another step forward in the development of the Aquarius System was made recently when work begun on the detailed design of the wind and solar sail panel. This panel or rigid sail will be used to harness wind & solar energy which will then be used to help power a ship thereby reducing fuel consumptio

about 15 years ago
Luxembourg: Discovery Offshore Extends Exercise Date on Rig Construction Option with Keppel
Business & Finance

Luxembourg: Discovery Offshore Extends Exercise Date on Rig Construction Option with Keppel

Discovery Offshore S.A. announced yesterday an agreement with Keppel FELS to extend the exercise date on the first rig construction option to late October 2011. If the Company elects to exercise the first option, rig delivery will be scheduled for the third quarter of 2014, an extension of two month

about 15 years ago
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