KVH Unloads Videotel for $90m
KVH Industries, Inc., (Nasdaq: KVHI) sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90 million, on a cash-free, debt-free basis, subject to working capital adjustments. The Videotel group of companies includes Super Dragon Ltd., Videotel Marine International Ltd., Videotel Training Services Ltd., Videotel Consultants and Rentals Ltd.…
Saudi Arms Ship Set to Leave Spanish Port
A Saudi ship, prevented by rights groups from loading an arms cargo at the French port of Le Havre on Friday, arrived at the Spanish port of Santander early on Monday…
Saudi Tankers Among Those Hit off UAE Coast
Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and said it was an attempt to undermine…
U.S. DOT Threat Alert
Anchorage off Fujairah-Reported Vessel Attack or Sabotage.A maritime incident has been reported in the vicinity of the anchorages off Fujairah, UAE in the vicinity of 25-18N 56-28E on May 12, 2019. The incident has not been confirmed. The nature of the event is reported to be attacks or sabotage on one or more vessels. The precise means of attack or sabotage is unknown. Exercise caution when transiting this area. Further updates will be provided when available.
Thad Allen Joins HudsonAnalytix
HudsonAnalytix, announced that Admiral Thad Allen, U.S. Coast Guard retired, has joined their operation as a Senior Executive Advisor.Admiral Allen served as the 23rd Commandant of the Coast Guard from 2006 to 2010. He will be focusing on risk management for the global maritime transportation sector served by Hudson. Focus areas include regulatory and policy issues, crisis response and disaster management, environmental compliance, and cyber risk to shipping, ports, and supply chains.
Well-SENSE Intros Miniature Optical Gauge
Downhole sensing technology specialist, Well-SENSE, has launched a miniature optical pressure-temperature gauge, as part of its FiberLine Intervention (FLI) system.The…
Geoquip Marine Names Laloe as Director
Switzerland-headquartered geotechnical engineering and offshore drilling company Geoquip Marine has announced the appointment of industry veteran Jean-Luc Laloe to its Board of Directors.Jean-Luc…
Weatherford to File for Bankruptcy
Irish-domiciled multinational oil and natural gas service company Weatherford International has entered into an agreement with its top creditors that will allow…
SBM Wins ExxonMobil Guyana FPSO Order
Dutch-based floating production, storage and offloading unit (FPSO) provider SBM Offshore has won a contract to deliver an FPSO for ExxonMobil’s second phase of…
BHGE Deploys VitalyX for Topaz
Offshore marine logistics company, Topaz Energy and Marine has entered into a long-term agreement with the GE company Baker Hughes (BHGE) for its proprietary lubricant condition monitoring system…
Survitec Restructures Offshore Division
Survitec Group, a manufacturer of marine safety and survival equipment, has restructured its offshore division to better serve customers with assets operating in the oil…
Bulk Shipping Comes Back to Oakland Port
Bulk shipping operations could soon return to the San Francisco Bay's Port of Oakland for the first time in 20 years. The Port said it’s negotiating with a Canadian…
"Big Three" Korean Yards Vie for Qatari LNG Ships
The state-run Qatar Petroleum (QP) has revealed plans to order 60 new LNG carriers preferably from South Korean shipyards. Qatar's energy minister, Saad Sherida Al-Kaabi…
DNV GL Grants AiP for Hyundai's FLNG Barge
Classification society DNV GL has announced that it has awarded Hyundai Heavy Industries with an approval in principle (AiP) for the design of a jetty-moored nearshore…
W/Yachts to Market Ferretti Yachts
Italian multinational shipbuilding company Ferretti Group expands its presence in Europe and announces a new dealership agreement with W / Yachts, that will dedicate…
Yantian Express Ready to Depart
Hapag-Lloyd says repairs have completed on board the fire-stricken containership MV “Yantian Express” in Freeport Harbour, Bahamas and will depart on Wednesday May…
Heesen's Vida Departs for Maiden Voyage
The 55 metre Heesen superyacht Vida (formerly known as Project Antares) has left Dutch waters for her maiden voyage to the Mediterranean where she will meet her new owners.
Van Oord's Werkendam Begins First Job
Dutch dredging specialist Van Oord said LNG-powered crane vessel, Werkendam started work on its first project this week.The world’s first LNG-powered crane vessel…
Offshore Wind: California's New Gold Rush
California Dreamin': In CA, offshore wind has unlimited potentialWhen it comes to States promoting renewable, non-fossil electricity generation, California surely leads the list, from utility-scale regional grids to individual rooftop solar panels.In fact, a December 2018 update from the California Energy Commission (CEC) estimates the state may already have exceeded an initial renewable generation goal of 33% by 2020. CEC estimates that in 2018 that generation number was already 34%.
Thun Tankers Takes Delivery of Two Vessels
The Swedish tanker operator Thun Tankers takes delivery of first L-Class and second E-Class on the same day. Both vessels will enter the Gothia Tanker Alliance network.On May 9th…
