Gulf Island Fabrication reports improved results
AUGUST 9, 2018 — Gulf Island Fabrication, Inc. (NASDAQ:GIFI) today reported net income of $0.5 million ($0.04 per share) on revenue of $54.0 million for the three months ended June 30, 2018,
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FellowSHIP battery hybrid research project wraps up
AUGUST 3, 2018 — Project partners Eidesvik Offshore, Wärtsilä Norway and DNV GL have announced the closure of the FellowSHIP research project. The cooperation has explored the use of battery, hybrid and
Harvey Gulf announces new Board of Directors
AUGUST 2, 2018 — Following the emergence of Harvey Gulf International Marine from Chapter 11 bankruptcy proceedings, parent HGIM Corp. has announced the appointment of a new Board of Directors. The seven
Court approves Harvey Gulf Plan of Reorganization
MAY 23, 2018 — Harvey Gulf International Marine reports that its final Plan of Reorganization has been approved by the U.S. Bankruptcy Court, Southern District of Texas – Houston Division. The approval
Nautilus Minerals subsea mining vessel launched
MARCH 30, 2018 — Toronto, Canada, headquartered seafloor mining pioneer Nautilus Minerals Inc. (TSX:NUS) reports that its production support vessel was launched yesterday Fujian Mawei Shipbuilding’s Mawei shipyard in China. The vessel
Liftboats and a tax cut help SEACOR book a profitable quarter
MARCH 23, 2018 — Houma, LA, based offshore services provider SEACOR Marine Holdings Inc. (NYSE:SMHI) yesterday reported results for its fourth quarter and year ended December 31, 2017 that were a lot
Rolls-Royce reveals more details on SEACOR hybrid vessels
JANUARY 30, 2018 —Rolls-Royce Commercial Marine has released more details on an order it received to deliver battery-powered energy systems for six Platform Supply Vessels (PSVs), built by China’s Cosco Guangdong shipyard.
Jackup rig values rise on oil recovery
JANUARY 26, 2018 —Rising oil prices have increased interest in secondhand for jack-up rigs, pushing asset values up 36 percent from a year ago, according to data compiled by VesselsValue. VV’s Fixed
Wärtsilä to retrofit DP3 construction vessel with energy storage system
JANUARY 3, 2018 — Wärtsilä is to retrofit the 160.9 m x 30 m North Sea Giant, one of the world’s largest and most advanced subsea construction vessels, with an energy storage
Shipyard says subsea mining vessel buyer misses payment
DECEMBER 12, 2017 — A sub sea mining support vessel project has run into a problem. Vancouver, BC, headquartered Nautilus Minerals Inc. (TSX:NUS), which plans to time charter the vessel for five