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COSL takes delivery of Wartsila designed AHTS duo OCTOBER 3, 2016 — China's Wuchang Shipbuilding Industry Group recently delivered two new Wärtsilä designed Anchor Handling Tug Supply (AHTS) vessels to China Oilfield Services Ltd (COSL), the owner of China's largest fleet offshore service vessels in China. The AHTS vessels are based on Wärtsilä Ship Design's VS 4612 design,…
NOVEMBER 28, 2016 — Maersk Supply Service says that, as a result of efficient project management and strong synergies with partners on the Janice decommissioning project, it has secured a second contract with Maersk Oil…
NOVEMBER 16, 2016 — Houston-headquartered Bisso Marine reports that it has successfully completed a two‐month saturation diving campaign in the U.S. Gulf of Mexico. Using its 415 ft (126.4m) x 100 ft (30.4m) c Bisso…
NOVEMBER 16, 2016 — Technip says its latest newbuild, the DP3 class diving support vessel (DSV) Deep Explorer, is "the most modern and versatile DSV in the world," thanks to her latest technology diving control…
NOVEMBER 15, 2016 — The Island Offshore group, which is majority owned by the Ulstein and Chouest families, is taking steps to restructure its financing. An Oslo Stock Exchange announcement today says: "Island Offshore Shipholding…
NOVEMBER 14, 2016 — Norway's Eidesvik Offshore is bringing two seismic vessels out of lay-up. Eidesvik has been awarded two contracts from CGG for the seismic vessels Vantage and Veritas Viking. They will be employed…
NOVEMBER 11, 2016 — Offshore service vessel giant Tidewater Inc. (NYSE: TDW) has gotten another reprieve from its lenders — until January 27, 2017. It has been in ongoing discussions with its principal lenders and…
NOVEMBER 9, 2016 — Allianz Middle East Ship Management and Maritime Craft Services (MCS) have taken delivery of the MCS Allianz Venus, a Damen Fast Crew Supplier 2610. Demonstrating the cooperative relationship between the two…
NOVEMBER 4, 2016 — Kristian Siem, founder and Chairman of Siem Industries, is often referred to as "Norway's Warren Buffet," thanks to a successful strategy of making long term investments in undervalued companies in industries…
OCTOBER 25, 2016 — Shares in offshore services giant Tidewater Inc. (NYSE: TDW) plunged yesterday after the company reported after markets closed Friday that discussions with its principal lenders and noteholders had received only limited…
OCTOBER 24, 2016—French engineering company GTT has received an order from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for the NO96 cryogenic membrane containment systems to equip two new Liquefied Natural Gas (LNG) carriers.…
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