Otto Marine issues profit warning
Singapore based offshore services specialist Otto Marine Limited has issued a profit warning about the financial results of the company and its subsidiaries for the financial year ended December 31, 2011. The
Singapore based offshore services specialist Otto Marine Limited has issued a profit warning about the financial results of the company and its subsidiaries for the financial year ended December 31, 2011. The
Rolls-Royce has been awarded two contracts to design and equip seven vessels for Brazilian shipowner Navegação São Miguel Ltd. The contracts, for four oil spill recovery vessels and three bunker tankers, are
Norway’s Ulstein Verft has delivered M/V Blue Fighter to Blue Ship Invest, another company within the Ulstein Group. The ship is the first of two medium-sized platform supply vessels (PSV) of Ulstein’s
The second of two advanced Rolls-Royce designed UT 788 CD AHTS being built by China’s Wuchang Shipbuilding Industry Co. has grounded in a shipyard incident.. Its sister vesse (pictured here) was successfully
Both Singapore-listed STX OSV and its majority shareholder, Oslo-listed STX Europe, have moved to downplay media reports suggesting that a sale of the company is imminent — likely to either Keppel or
Mr. W. van der Velde, Chief Technical Officer of Seaway Heavy Lifting and Mr. A.A .Kromhout, Managing Director of IHC Offshore Systems, were all smiles when they signed a recent “hush hush
Hercules Offshore (NASDAQ: HERO) reports that the Mako, a 175ft class liftboat operating in Nigeria, was engulfed by a fire that originated on a third-party rig, the KS Endeavor, during the early
Drydocks World has entered into a contract with Aibel, a Norwegian provider of services to the energy industry, that will see the Dubai shipyard build a Wind Power Offshore Platform to receive
Sweden’s Rederi AB TransAtlantic (STO:RABTB) has taken delivery of Brage Viking, the fourth in a four vessel AHTS series from Spanish shipbuilder Astilleros Zamakona S.A. The vessel will be flagged up in
Paris-headquartered offshore services giant Bourbon has set up a new organization, Bourbon Docking, to help it achieve its target of 95 percent vessel availability. Located in Dubai, Bourbon Docking will manage the