Allianz Reports Strong 2Q 2014 Results
Allianz Group achieved strong results in the second quarter of 2014. Total quarterly revenues increased 10.0 percent to 29.46 (second quarter of 2013: 26.78) billion euros.
DEKRA Acquires NDT, PI & Microscopic Operations of DNV GL
The international expert organisation DEKRA has taken over the Plant Integrity (PI), Non Destructive Testing (NDT) and Microsopy operations from DNV GL (formerlyâŠ
NOL Cuts Losses Despite Difficult Trading Conditions
NOL Group today posted a 2Q 2014 net loss of US$54 million. Nevertheless, the Group has continued to make gains at the operating level, bringing its 2Q 2014 Core EBIT (Earnings Before InterestâŠ
Gerhard Furø Joins Havyard
On 4 August, Gerhard Furø took up the position of Vice President technical and commercial for Havyard Design & Solutions AS. Gerhard Furø has previously been a consultant with Boatlabs ASâŠ
Australia's NWS awards LNG Cargoes to Shell, Statoil
Australia's North West Shelf liquefied natural gas (LNG) export project awarded at least one cargo each to Shell and Norway's Statoil following a tender, sources with knowledge of the matter said.
PSV for Atlantic Offshore to be Named
A naming ceremony is to be held for the PSV built by Kleven shipyard recently. Built at Kleven Shipyard, the PSV no. 368 was delivered from Myklebust Verft to Atlantic Offshore on 6 August 2014.
Keppel Delivers Worldâs Largest Jackup Rig to Maersk
Keppel FELS Limited has delivered the jackup rig XLE-2 to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, on budget and seven days ahead of schedule.
New Data Safety Service for Inmarsat FleetBroadband
Supported by European Space Agency (ESA) funding, Inmarsatâs forthcoming Maritime Safety Data Service (MSDS) for FleetBroadband, delivers an increased data capability over the Inmarsat-4 networkâŠ
US Shipping Firm Sues Alcoa for $300m
A U.S. shipping firm is suing Alcoa for $300 million saying it suffered losses after the aluminium maker breached a contract with the Guinean government concerningâŠ
L-3 SAM Electronics Equips Vidar Heavy-Lift Jack-Up
L-3 SAM Electronics announced today that it has completed the supply and installation of extensive drive equipment, as well as automation, navigation and positioning systems, on board the Heavy-Lift Jack-Up Vessel (HLJV) Vidar, which is operated by HOCHTIEF Infrastructure GmbH for construction and service support of offshore wind farms. The Vidar is the latest in a series of recently completed offshoreâŠ
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Today in U.S. Naval History: August 8
Today in U.S. 1813- U.S. 1959 - Announcement of Project Teepee, electronic system to monitor 95 percent of earth's atmosphere for missile launchings or nuclear explosions.
Big Month for VT Halterâs Hornbeck OSV Series
VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc., announced four separate shipbuilding milestones for the Offshore Supply Vessel (OSV) Super 320 Program underway for Hornbeck Offshore Services, Inc. Firstly, VT Halter Marine delivered HOS Captain on July 10. Five days later, VT Halter Marine hosted the christening ceremony of HOS Crestview held at the Pascagoula facility and launched HOS Caledonia at the Halter Moss Point facility on July 15.
Polarcus Tests Market, Improves Earnings
Polarcus Limited today announced the release of its second quarter 2014 financial statements in which it reported revenue rose 13% sequentially and 5% YoY to $137.6 million while. The company highlighted EBITDA of $49.9 million and EBIT of $23.8 million, a net profit increase to $9.2 million, from 6.3 million in Q2 2013, net cash flow from operations of $45.6 million, a strong Multi-Client prefunding of 92% and 30% reduced financing costs YoY with improved maturity profile.
Goldhofer to Display Transport Equipment at SMM
When the maritime industry gathers at SMM in Hamburg, Goldhofer Aktiengesellschaft of Memmingen will present its transport equipment for the heavy-haulage industry, which is also suited for transporting ships or ship sections and offshore plants. Goldhoferâs PST/ES-E self-propelled heavy-duty module transporters (SPMT) with hydrostatic drive and electronic multiway steering are now a standard item in the maritime industry worldwide.
Superlative Cruising Encounter
A fleet of seven cruise ships attract 600,000 visitors to the fourth Hamburg Cruise Days. It was âtime to say goodbyeâ to the Deutschland and AIDAstella last Sunday, not only for the cruise passengers, but also for the many visitors to the fourth Hamburg Cruise Days. For three days the city was totally consumed by the laid back maritime cruising atmosphere that prevailed along the four-kilometre length of the event area.
Gabon Signs Offshore Oil Contracts with 6 Companies
Gabon's oil ministry said on Friday it had signed seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1 billion in investment to the sector.
Eye of Tropical Storm Iselle Makes Landfall on Hawaii
The eye of Tropical Storm Iselle made landfall on Hawaii's Big Island on Friday with strong winds and heavy rain, the U.S. Central Pacific Hurricane Center said.
FERC Issues DEIS for Gasport off Puerto Rico
Excelerate Energy, in cooperation with the Puerto Rico Electric Power Authority (PREPA), has received the Draft Environmental Impact Statement (DEIS) from the Federal Energy Regulatory Commission (FERC) for its Aguirre Offshore Gasport Project (AOGP) located offshore Puerto Rico. The FERC staff concludes in its statement that the construction and operation of the Project would result in limited adverse environmental impacts that would mostly occur only during construction.
Liebherr Simulator (LiSIM) for Operator Training
Liebherr launched LiSIM for operator training on deep foundation equipment and crawler cranes up to 300 t for the first time at Conexpo 2014 in Las Vegas (USA).
