Oceanteam settles IP suit out of court
FEBRUARY 15, 2016 — Norwegian operator Oceanteam reports that it has reached an out of court settlement over an intellectual property infringement case that it filed against ship design specialist Sawicon AS
Oil & Gas
Sete woes help push Sembcorp Marine into loss
FEBRUARY 15, 2016 — Singapore based Sembcorp Marine posted a 2015 net loss of Singapore $290 million (US $207.3 million) on revenues of Singapore $4.97 billion, down 15% from FY 2014’s Singapore
LNG fueling facility is another first for Harvey Gulf
FEBRUARY 12, 2016 — New Orleans headquartered Harvey Gulf International Marine has opened the first marine LNG fueling terminal in North America. Less than one year after taking delivery of Ameica’s first
Mitsui takes $95 million hit on Teekay AHTS quartet
FEBRUARY 12, 2016 — Japan’s shipbuilder Mitsui Engineering & Shipbuilding Co., Ltd. (MES) is facing a $95 million loss on the four 306 ton bollard pull Ulstein SX157 design ocean going AHTS
MacGregor claims major advance in handling loads at depth
FEBRUARY 3, 2016 —In what its Vice President, R&D and Technology, Baard Trondahl Alsaker calls “an important advance for handling loads at depth,” Cargotec Corporation’s MacGregor subsidiary and Parkburn Precision Handling Systems
Chinese yard to build Zentech-design liftboats
FEBRUARY 2, 2016—Zentech Incorporated, Houston, TX, has signed contracts with China’s CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of two Z-210 Mobile Offshore Units. These contracts were finalized based on
BP pulls plug on Support Vessel contract with Oceaneering
FEBRUARY 2, 2016 — Oceaneering International, Inc. (NYSE: OII) reports that a unit of BP p.l.c. (NYSE: BP) has exercised its right, under a Field Support Vessel Services contract that was entered
Polarcus trims executive positions
FEBRUARY 1, 2016 — More heads are rolling at seismic vessel operator Polarcus under what the geophysical company says is a plan providing it with “a business model to withstand a prolonged
Joint venture targets offshore, marine winches and cranes
FEBRUARY 1, 2016—Scantrol, MEC/MJR and Hydrofit have formed a new U.K.-based joint venture called Dynamic Integrating that will offer electric and hydraulic drive and control solutions for marine and offshore winches. Derek
Rolls-Royce marks LARS sales milestone
JANUARY 26, 2016 — Rolls-Royce is to supply two Launch and Recovery Systems (LARS) to DOF Subsea for installation aboard its 104.2 m ROV construction support vessel Skandi Neptune. They will be