• News

Petrobras settles suit with Vanguard Group

JUNE 20, 2017—The board of directors of Brazil’s state-run oil company Petrobras has approved an agreement to settle a shareholder lawsuit brought in U.S. Federal Court by The Vanguard Group, one of

DOF Subsea to sell Skandi Santos

SEPTEMBER 20, 2016 — DOF Subsea Rederi AS has a agreed to sell its 2009-built subsea vessel Skandi Santos to a new 50/50 joint venture being formed by AKOFS Offshore AS and

Brazilian shipyard delivers Damen PSV 500

AUGUST 1, 2016 — Wilson Sons Ultratug Offshore, a joint venture between Wilson Sons and Chilean maritime services provider Ultramar, has taken delivery of a Damen PSV 5000, built at Wilson Sons

Subsea 7 takes $47 million hit in Brazil

JUNE 1, 2016 — Oslo-listed Subsea 7 S.A. reports the early termination of the day-rate contract for its  Pipelay Support Vessel (PLSV), Seven Mar, working for Petrobras, offshore Brazil, effective May 31,

IHI sheds stake in Brazilian shipyard EAS

MARCH 15, 2015 —Japan’s IHI Corporation reports that its majority owned Brazilian subsidiary JEI is to transfer its entire equity interest in shipbuilder Estaleiro Atlântico Sul S.A (EAS) to the other shareholders