Offshore Shipping Online A publication for the offshore shipping industry published by Clarkons since 1999 en Fri, 01 May 2015 06:33:53 +0200 Fri, 01 May 2015 06:32:53 +0200 (OSO) IMCA publishes introduction to inertial navigation Fri, 01 May 2015 06:33:54 +0200 The increased use of inertial navigation systems (INS), particularly in support of offshore survey, installation and inspection tasks, has emphasised the need for a general introduction and outline of the use of inertial navigation technology used offs Wintermar sees steep fall in revenues and profit Fri, 01 May 2015 06:27:20 +0200 Wintermar Offshore Marine says first quarter revenue was down 39 per cent year on year to US$29.2 million, and was negatively impacted by severe cutbacks in oil and gas spending following the collapse in oil prices and uncertainty about the oil price o ICON Offshore CEO and COO granted leave of absence Fri, 01 May 2015 06:22:37 +0200 ICON Offshore has confirmed that its CEO and COO have been granted leave of absence as speculation about the company's affairs continues. "While there has been intense interest in the nature and details of the investigation to which our CEO and Grandweld lays keels for aluminium ccrewboats Fri, 01 May 2015 06:20:20 +0200 April saw Grandweld Shipyards lay the keels of two 42m aluminium crewboats for Fujairah National Agency (FNSA). The contract for the vessels was signed on 24 September 2014. The crewboats can accommodate 31 offshore Bourbon maximises utilisation but places 23 vessels in layup Thu, 30 Apr 2015 08:57:18 +0200 Christian Lefèvre, Chief Executive Officer of Bourbon, says market conditions "remain difficult" but says that the company has proactively responded to customers’ requirements to reduce costs and to the impact of reduced utilization. Mr Lefèvre Shell declares option for Havila Borg Thu, 30 Apr 2015 08:54:47 +0200 Shell has declared the second of four option periods for the PSV Havila Borg. The option period is 12 months. Havila Borg is currently working in the Black Sea and is expected to move to West Africa in the summer. </ Rederij Groen takes delivery of 7-Stars Thu, 30 Apr 2015 08:50:23 +0200 Maaskant Shipyards Stellendam has delivered 7-Stars, a seismic support vessel, to Rederij Groen in The Netherlands. 7-Stars joins Rederij Groen’s fleet of almost 30 vessels, which includes sister vessels of the same series, 7-Ocean Sinopacific delivers first SPA150 Thu, 30 Apr 2015 08:45:18 +0200 On 28 Aprril Sinopacific Shipbuilding Group held a naming and delivery ceremony for a SPA150 AHTS for shipowner, FEMCO Group. The vessel, Ossoy, is the first SPA150 to be completed and the first in a series of four vessels contructed NAO declares dividend Thu, 30 Apr 2015 08:43:32 +0200 Nordic American Offshore has announced that its Board of Directors has declared a dividend of US$0.17 per common share for the first quarter of 2015. The payment of dividend is expected to take place on or about 28 May 2015 Polarcus responding to "uncertain" market Thu, 30 Apr 2015 08:39:55 +0200 Polarcus Limited has released its first quarter 2015 financial statements. Highlights in the first quarter 2015 include: • Revenues of US$81.1 million down 33 per cent from same quarter the previous year• Multi-client Subsea 7 starts 2015 well despite challenging market Wed, 29 Apr 2015 09:12:08 +0200 Subsea 7 has announced results for the first quarter ending 31 March 2015. Jean Cahuzac, the company's Chief Executive Officer, said: "Subsea 7 has started the year well compared with the prior year quarter, with an increase in adjusted EBITDA in the f Kleven confirms De Beers contract Wed, 29 Apr 2015 09:09:32 +0200 De Beers Marine Namibia, part of De Beers Group, has lifted restrictions on publicity surrounding its  contract with Norwegian shipbuilder Kleven for the construction of a highly specialised vessel for deep water mineral exploration. </P DNV GL issues guidelines on closed bus DP operations Wed, 29 Apr 2015 09:07:02 +0200 DP vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods, says class society DNV GL, which has issued guidelines for closed bus DP operations. Call for papers ahead of ROV conference Wed, 29 Apr 2015 09:05:48 +0200 Industry experts are being urged by Subsea UK to step forward and voice their concerns over the challenges currently facing the sector as a result of the falling oil price at its ROV conference in September. The industry body has launched a call for X-Subsea in administration Wed, 29 Apr 2015 09:03:20 +0200 The operator of what is claimed to be the world’s largest fleet of controlled flow excavation and precision dredging equipment, Aberdeen-based X-Subsea UK Holding Ltd, and its UK-based subsidiaries, X- Subsea UK Ltd and X-Subsea Atlantic Ltd, have been