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News
Vallianz Holdings
Singapore-based offshore support vessel (OSV) operator Vallianz Holdings said it will step up its focus and resources on the Middle East market. Vallianz reported a net profit for the second quarter of 2015 of US$4.6 million and increased revenue despite the softer market conditions. Vallianz presently owns a fleet of 40 read more
August,25th 2015
Oil's rapid fall could lead to global turmoil .
"We are in for a longer and more sustained period of low oil prices than in the late 1980s." Why? He points to a perfect storm.
While we have been watching Daesh and discussing Iran, something much bigger is happening in the world. We are witnessing a historic fall in the price of oil, down more than 50 pe read more
August,25th 2015
GE Shipping sells AHTS vessel
The Great Eastern Shipping Company (GE Shipping) has announced the sale of a AHTS vessel to an unnamed buyer.
The 2009-built, 7,080-bhp AHTS vessel Greatship Akhila has been delivered to its new owner, according to Mumbai-based GE Shipping.
Financial details of the deal were not disclosed.
With read more
June,18th 2015
ECDIS "not a one week job" says UKHO
At the UKHO platform Captain Paul Hailwood has once again warned that ECDIS implementation is still not being taken seriously, despite carriage mandate already having come into force.
“We’ve moved past the ‘approaching implementation’ stage to the ‘living with ECDIS’ stage,” read more
June,5th 2015
Bourbon takes over Global Offshore Services in India
According to sources, Bourbon SA is set to acquire a majority stake in India's Global Offshore Services. The France-based offshore services provider will reportedly sign a deal on July 14, and seeks to acquire a 50.1 percent stake in Global Offshore. Once the deal goes through, Bourbon will come up with an open read more
July,2nd 2014
Aramco awards EPC ...
Aramco has awarded an engineering, procurement, construction and install... read more