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DP Documents Revised, Published by IMCA
Two International Marine Contractors Association (IMCA) documents, often written into contracts by clients, have been fully revised and published. ‘Guidelines for the Design and Operation of Dynamically Positioned Vessels’ (IMCA M103 Rev 2), and ‘Guidance on Failure Modes & Effects Analyses (FMEA)’ (IMCA M166 Rev 1) are both now freely available on the IMCA website. “Both important documents were reviewed using the IMCA ‘open forum’ web-based system introduced last year…
Six Years after BP Spill, US Sets New Offshore Oil Safety Rules
The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations, which include more stringent design requirements and operational procedures for offshore U.S. oil and gas operations. The…
Navig8 Buys RK Offshore
Maritime services provider Navig8 Group has agreed to buy shallow-water contractor RK Offshore Management. Singapore-headquartered Navig8 Group, the world's largest provider of maritime services…
Boskalis Profits Fall, Fleet Cut on Weak Oil
Marine construction company Boskalis expects a drop in net profit this year as depressed commodity prices hit demand for oil-related infrastructure, it said on Wednesday. Its shares fell 10 percent to 32.42 euros in early trading. "Volumes and prices are under pressure, which is also translating into our order book," Chief Executive Peter Berdowski said in a statement. Boskalis's order book fell to 2.49 billion euros ($2.7 billion) at the end of 2015 from 3.29 billion in December 2014.
MTS Assists Damen in Maersk Connector Sea Trials
Leading marine service provider, Marine and Towage Services Group Ltd. (MTS) has supported shipbuilder Damen during sea trials of its latest offshore cabling vessel, Maersk Connector.
OTC Names 2016 Award Winners
The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston. As part of the OTC…
Edison Chouest Opening Mississippi Shipyard
Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss. Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore energy service and supply company, officially announced today the company is locating shipbuilding operations at the Port of Gulfport in Gulfport, Miss. The project represents a $68 million corporate investment and will create 1,000 full-time jobs.
Energy from the Ocean: The Ocean Thermal Energy Converter
Despite historic lows in traditional oil and gas energy markets, research and develoment continues in earnest on a number of projects designed to produce green energy. The latest, an Ocean Thermal Energy Converter (OTEC) from KRISO, received Approval in Principle from classification society Bureau Veritas. KRISO (Korea Research Institute of Ships & Ocean engineering), established in 1973, is a government…
Hyundai Heavy Closes Onsan offshore
Hyundai Heavy Industries has temporarily shut one of its two factories making offshore oil rigs - Onsan plant in South Korea - due to downturn in the global oil and gas industry.
NOIA Praises Effort to Lift Crude Oil Export Ban
Today, Congress passed the Omnibus Appropriations bill, H.R. 2029, which includes a provision lifting the existing U.S. crude oil export ban. U.S. oil exports will…
NOIA Rebuts “Red Herring” Study on Atlantic Development
“The Quest Study estimates the potential for jobs, economic activity and government revenue that could be generated from Atlantic development, assuming reasonable…
Seacat Services Adds 23m Catamaran
Offshore energy crew transfer vessel operator, Seacat Services, has added a new 23m vessel to its fleet. The South Boats IoW built catamaran, named Seacat Mischief…
P&O Maritime Rebranded Repasa
P&O Maritime has announced the rebranding of its joint venture company Repasa, the Spanish operator of offshore support vessels for the energy industry. P&O Repasa…
USDOT Designates Gulfport, MS as a Strategic Port
The Mississippi State Port Authority was notified by the U.S. Department of Transportation Maritime Administration (MARAD) that the Port of Gulfport has been designated…
Seacat Services Invests In New Vessels
Offshore energy support vessel operator Seacat Services has placed an order for up to four new vessels with local boat builder South Boats IoW. The DNV-GL class…
LOC Looks to a brighter Second Decade in China
LOC are setting key objectives for their second decade in China, while celebrating 10 years in multiple port cities across the country. “We are looking ahead to a great many things in China…
Maersk Q3 Profit Falls
Danish shipping and offshore energy conglomerate, Maersk Group, kept a reduced forecast made two weeks ago for a 2015 underlying profit of $3.4bn, down from the $4.0bn previously expected.
Leadership Changes at Huntington Ingalls Industries
U.S. shipbuilder Huntington Ingalls Industries (HII) announced today a number of changes across its leadership team. HII’s Board of Directors has elected Christopher D. Kastner to succeed Barbara A. Niland as the company’s chief financial officer and corporate vice president, business management, effective with Niland’s retirement on March 1, 2016. Furthermore Philip Luna, corporate vice president and president…
The Cost-conscious Manager
Wondering What to Trim? Look to the skies: billions in offshore savings may be orchestrated from the back office. For many managers (and analysts), sales, general and administrative costs…
Inside IRClass
Arun Sharma, Chairman & Managing Director, head of IRClass, discusses advances at the classification society as it celebrates 40 years. Indian Register of Shipping (IRClass) is India’s “National” Ship Classification Society, formed to fill the need for having an Indian ship classification society due to the increase in Indian flagged commercial shipping tonnage, post-independence. Accordingly, Sir Ramaswamy Mudaliar first proposed to set up a National Classification Society.
