Seismic contractor Polarcus said it has secured a contract for a broadband 3D marine seismic project in Asia Pacific. The award follows another contract win it the Asia Pacific region scooped up in April this year, and scheduled for Q2 2017. According to Polarcus, the new project is due to start in
Miami-based cruise company Norwegian Cruise Line Holdings (NCLH) has started the year with a record revenue which reached USD 1.2 billion in the first quarter, representing an increase of 6.8% compared to USD 1.1 billion seen in 2016. This increase was primarily attributed to the addition of Oceania
US-based tanker shipping firm International Seaways (INSW) is eager to avail of the attractive market so as to modernize its fleet with new fleet additions. According to Lois K. Zabrocky, International Seaways’ President and CEO, there are compelling opportunities to grow and renew the company’s fle
SBM Offshore has yet to resolve its status in Brazil following an alleged corruption scandal. To remind, the world’s largest FPSO vessel provider had in July 2016 signed a settlement agreement with the Brazilian authorities, and Petrobras, closing corruption probe over improper payments to Petrobras
Japan Marine United Corporation signed a cooperation agreement with Aluship Technology of Poland on the construct self-supporting prismatic-shape IMO type B (SPB) LNG cargo and bunker tanks.
Royal Boskalis Westminster N.V. has just released its latest trading update, saying that the market picture for the coming period would be characterized by continued lower volumes of work and pressure on both utilization levels and margins. Compared to the same period last year, revenue declined at
Operations at Richards Bay Dry Bulk Terminal are returning to normal, following a disruption by striking workers on Monday and Tuesday this week, Transnet has advised. As informed by a Transnet Port Terminals (TPT) spokesperson, quoted by GAC, the workers who were employed by materials handling comp
The 200MW Trianel Windpark Borkum II (TWBII) offshore wind farm project in the German North Sea has reached financial close, Green Giraffe said. Green Giraffe was the sole financial advisor to TWBII, initially owned by EWE and Trianel. Green Giraffe helped arrange the sale of a minority stake to ewz
UK-based provider of integrated shipping services Clarksons Platou has created a new global division that will target the offshore renewable energy market.
US-based oil tanker company Overseas Shipholding Group (OSG) had a challenging start of the year reporting a slashed net income of USD 5.4 million for the quarter ended March 31, 2017, compared to USD 50.7 million a year earlier. However, net income for the prior year period included income from dis
Congresswoman Doris Matsui and West Sacramento Mayor Christopher Cabaldon, along with flood protection partners, broke ground on the Southport Levee Improvement Project yesterday. The Southport Levee Improvement Project is West Sacramento’s largest levee project to date. It will improve nearly six m
Air and sea search operations have been launched in the UK sector of the North Sea for an offshore worker missing from the Noble Corporation-owned jack-up rig Noble Lloyd Noble. The rig is working on the Statoil-operated Mariner field in the North Sea, approximately 90 miles (150km) east of Shetland
On 9 May, RenewableUK highlighted the benefits of renewable energy in a manifesto published ahead of the General Election in the UK in June.
Italian oil company Eni returned to profit during the first quarter of 2017, versus a loss in the year-before quarter, owing to the upward trend in crude oil prices. The oil company on Wednesday posted a net profit of €965 million, versus a loss of €383 million. According to Eni, this performance wa
