Focal Marine & Offshore, a Singapore / Shanghai based OSV designer, has received a significant order for their 78m PSV (FOCAL 522) design, amounting up to 10 ships to be built at Xiamen Shipbuilding Industries in China. FOCAL 522 PSV design features 4,000 ton deadweight, 800 m2 deck cargo area, complement of 60 men and [...]
COSCO Shipping Europe B.V. held its official opening ceremony in its Rotterdam offices at Strevelsweg 700 on Tuesday the 14th of May 2013. COSCO Shipping Company’s CEO, Capt. Han Guomin, had specially flown in from Guangzhou to chair the event. It was attended by clients of his company’s fleet of semi-submersible heavylift vessels. Executives of [...]
Wilson Sons Limited (WSON11) announced its results for the First Quarter, according to which the Company’s net income reached USD 19.5 million, primarily due to strong performances in the Towage, Offshore Vessels, and Shipyard businesses. “Despite soft exports, we delivered a strong first quarter in terms of cash generation, with bottom-line margins growing significantly,” said [...]
Aberdeen-based standby vessel operator Atlantic Offshore Rescue has commissioned what will be the UK’s most powerful emergency response and rescue vessel (ERRV). The Ocean Troll – which recently completed a long term charter with Statoil – has undergone a £2million conversion and overhaul at MMS in Hull to become a UK Class A ERRV with [...]
KONGSBERG has been awarded a significant offshore automation contract with Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned new-build drill ships, with an option for KONGSBERG to deliver products and services for six more drill ships. “We call this a ‘Full Picture’ solution, as it includes dynamic positioning, position [...]
Cargotec’s MacGregor has received EUR 22 million order to deliver a 900-tonne active heave-compensated (AHC) MacGregor subsea crane to the South Korean shipyard, Hyundai Heavy Industries Co Ltd. The crane will be installed on a 150m multi-purpose offshore construction vessel (MOCV) ordered by Sealion Shipping, on behalf of Toisa Ltd. ”This is the largest active [...]
Tidewater Inc., through a wholly-owned subsidiary, has entered into an agreement with HitecVision to purchase Troms Offshore Supply AS for approximately $395 million. The acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand Tidewater’s global footprint into the Norwegian sector of the North Sea and supplement Tidewater’s experience and vessel fleet operating in harsh [...]
The offshore market remains buoyant, with exploration and production driving new fleet investment, design innovation in vessel efficiency and reduced environmental impact. Operations in more challenging offshore environments are also demanding enhanced vessel manoeuvrability, station-keeping and overall safety, in line with tightening regulations. The sector’s opportunities and its cutting edge technology will be on show [...]
Nam Cheong Limited, a n Offshore Support Vessel builder, today announced that it has sold five vessels worth a total of US$110 million. One 12,000 brake horsepower (“bhp”) Anchor Handling Towing Supply (“AHTS”) vessel was sold to a new customer, an emerging offshore marine services company based in Indonesia that owns and operates a diverse [...]
Singapore Exchange Mainboard-listed Marco Polo Marine Ltd together with its subsidiaries, a growing regional integrated marine logistic group, announced its half-year financial results for the period ended 31 March 2013 (“H1FY2013”). The Group’s revenue decreased by 34.4% to S$36.5 million in H1FY2013 relative to H1FY2012 and by 31.3% to S$21.3 million relative to Q2FY2012, due [...]
