Market Update: Saipem Achieves Record Profits in 2011 [REPORT]
Saipem, the offshore energy contracting arm of Italian integrated energy company ENI, reported record profits in 2011. Their adjusted net profit for 2011
Saipem, the offshore energy contracting arm of Italian integrated energy company ENI, reported record profits in 2011. Their adjusted net profit for 2011
Total E&P Norge AS has awarded Kvaerner an EPSC-contract (Engineering, Procurement, Supply and Construction) of close to NOK 1.2 billion for delivery of a
Singapore Technologies Engineering Ltd (ST Engineering) announced today that its marine arm, ST Marine, has won two shipbuilding contracts worth about S$75m
[vimeo]http://vimeo.com/33955961[/vimeo] Nice work by Andreas Storebø on DOF Subsea’s Skandi Vega. Background on the Skandi Vega… The Skandi
I had heard rumors in the past that some ships had outfitted their rec rooms with pool tables, but I never quite believed it. Why the heck would you
Milaha, previously known as Qatar Navigation, today announced that its fully-owned subsidiary, Qatar Shipping Company, has signed an agreement to increase its
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RIO DE JANEIRO (Dow Jones)–Fresh from winning one of the world’s single-largest orders for drilling rigs, investment company Sete Brasil plans to
SEOUL (Dow Jones)–South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) and China’s Rilin Group will jointly invest in
SINGAPORE (Dow Jones)–The Asian fuel oil market is likely to consolidate with a bullish stance next week; traders say the product’s spreads look
Do loud noises tend stress you out? If so, turns out you’re not alone. Researches working with the New England Aquarium have linked increased and
The University of Greenwich says it will soon be offering the world’s first Masters degree in Maritime Security that is designed to help the
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Associations representing the global cruise industry have announced a new drill policy requiring mandatory muster drills for embarking passengers prior to
– by Jaime Tetrault, Director – Marine Product Support, CAT Marine There are limitations in the amount of data that a human can process in a
Combined Task Force 150 (CTF), one of three Task Forces within Combined Maritime Forces (CMF) conducted a successful disruption of a vessel carrying illicit
The £1 billion Walney wind farm, which is a joint venture between DONG Energy (50.1%), SSE (25.1%) and OPW ( 24.8%), is being officially opened by Edward
Horizon Lines’ Chief Mate Steven Itson gives a replay of the rescue at sea: http://www.youtube.com/watch?v=CPNb_uRhG_c The crew of the 38-foot sailboat
Seattle-based Jensen Maritime Consultants, Inc. announced today they have been chosen to design a custom “super pumper” fireboat for the City of
Members of the G6 Alliance announced today that their groundbreaking cooperation in Asia-Europe container shipping will begin operation in the first week of
In heavy weather last week, the passenger vessel, MV Rabaul Queen, owned by Rabaul Shipping, capsized and sank off Papua-New Guinea. 246 people were rescued,
The National Ocean Service, has a minor problem they wish to address. While ‘navigating’ the ocean floor in Google Earth, countless amateur
Combination to Further Strengthen Maritime Industry and Jobs in Alaska and Across the Pacific Northwest Alaska Ship and Drydock Inc. (ASD) and Vigor
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Weekly Summary of Global Maritime Crime and Piracy, week of 2-8 February 2012, (source: ONI) GHANA: Offshore tug boarded by four robbers on 9 February while
IMO Secretary-General Koji Sekimizu has pledged IMO’s support for the Philippines in all facets of the country’s maritime development. In
Global Workboats will take delivery of the 7,200 bhp AHTS in-line with the Group’s strategy to build a strong chartering fleet to tap on pockets of
LONDON (Dow Jones)–Shares in BG Group PLC (BG.LN) rose sharply Thursday after the company revised higher its outlook for earnings from a key division and
Bermuda-based Knightsbridge Tankers Ltd (NASDAQ:VLCCF) reported yesterday a net income of USD 9.5 million (EUR 7.1m) for the fourth quarter of 2011, up from
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