Sunday, December 17, 2017

KOGT Hits Kongsberg Profit

February 10, 2015 by  
Filed under Top Stories

Norway’s Kongsberg has reported a profit after tax of NOK 32 million in Q4 2014, down from 375 million in the same period last year. The company has also posted a preliminary profit for the year after tax of MNOK 880, compared to last year’s MNOK 1 225. Namely, Kongsberg Oil & Gas Technologies KOGT […]

Reef Subsea Goes Under

February 10, 2015 by  
Filed under Top Stories

Norwegian offshore wind and oil & gas services player, Reef Subsea, has filed a bankruptcy petition to Bergen District Court despite company’s efforts to restructure and cut costs in order to stay afloat in today’s challenging market. The company, established in February 2010 and 100% owned by Stavanger-based company HitecVision, is likely to be Norway’s first […]

Allseas to Rename Pieter Schelte

February 10, 2015 by  
Filed under Top Stories

Dutch-Swiss offshore company Allseas has reportedly decided to change the name of the largest ship in the world Pieter Schelte. Despite years of criticism, Edward Heerema has until now refused to change the name of the 382 meter long and 124 meter wide Pieter Schelte, whose construction started in 2007 and cost €2.4 billion. A […]

The Port of Sunderland is 300 years old. Historically it was a hugely important contributor to the prosperity of the City playing a central role in the coal and shipbuilding industries.

February 10, 2015 by  
Filed under Top Stories

Recent investment and developments, together with significant political and commercial backing from the City Council, mean that the Port is once again central to Sunderland’s economic future. The mood amongst the management team and the businesses based at the Port is positive. Not only are the companies involved in more traditional cargoes enjoying resurgence at […]

Slight Dip in Irish Ports’ Total Traffic Volumes

December 2, 2014 by  
Filed under Port Services & Renewables

Container shipping volumes in Irish ports, Lo/Lo, rose by 9% in Q3, the Irish Maritime Development Office (IMDO) said in a release.                         Ro/Ro experienced a 6% growth and Break Bulk volumes grew by 16%. This is in contrast however to total traffic volumes […]

UK Launches Study to Improve Maritime Industry

December 2, 2014 by  
Filed under Port Services & Renewables

The United Kingdom’s Transport Minister John Hayes has launched a wide-ranging study that will look at how to boost the UK’s multi-billion pound maritime industry. The work will look at all aspects of the sector to identify where and how improvements can be made to generate growth. The study will report in summer 2015 and […]

Southampton Port Sets Stage for Heavyweights

December 2, 2014 by  
Filed under Port Services & Renewables

Associated British Ports’ Port of Southampton is ready to handle the biggest ships in the world after the dredgers have completed a GBP 40 million (USD 63.7m) project to deepen and widen the approach channel linking international shipping lanes to the Port.                     The dredging project […]

Clyde and Co: Ships with Fatigued Crew Unseaworthy

December 2, 2014 by  
Filed under Port Services & Renewables

If a ship’s crew doesn’t receive enough rest while trying to keep up with a ship’s schedule, there should be a regulatory framework under which the ship could be considered unmanned or unseaworthy, Law firm Clyde and Co claims. However, there have been no reported judgments to form a precedent in order to back up […]

Clarksons Seals Platou Deal

December 2, 2014 by  
Filed under Port Services & Renewables

London-based shipbroker Clarkson PLC has confirmed a GBP 281.2 million (USD 441m) offering for the entire issued share capital of the Norwegian RS Platou ASA.                         Clarksons says that at the moment, Platou shareholders who together hold more than 75 per cent of the […]

Maritime Traffic Up Fourfold in Two Decades

December 2, 2014 by  
Filed under Top Stories

Maritime traffic on the world’s oceans has increased 300 per cent over the past 20 years, according to a new study by the American Geophysical Union (AGU) aimed at quantifying global ship traffic. The research used satellite data to estimate the number of vessels on the ocean every year between 1992 and 2012. The number […]

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