Bourbon Revenues Fall 30% in Q1

Bourbon has seen its revenues decline almost 30 percent year-on-year for the quarter ended March 31, 2017 impacted ...

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Kongsberg Finalizes Training Courses on New Research Vessels

Kongsberg Maritime has recently completed two training courses for the new research vessels. The first course was ...

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DOF Subsea Swings to Quarterly Loss

DOF Subsea, a subsidiary of DOF Group, reported net loss in the fourth-quarter 2016 (Q4 2016) of NOK 430 million ...

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PGS Narrows Loss

Norwegian seismic player, Petroleum Geo-Services (PGS), reported a net loss for the fourth quarter of 2016 of ...

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DOF Boosts Fleet with Two Olympic Vessels

An undisclosed Norwegian limited company has signed an agreement with Olympic Shipping for the purchase of two ...

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Impairments Plunge Maersk Supply Service into Red

Offshore marine contractor Maersk Supply Service has recorded a loss (continuing operations) of USD 1.2 billion in ...

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PHOTO: Full House at Aibel

Six ships have recently docked at Aibel Haugesund yard for overhauling, classification and upgrading. Deep Wave and ...

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CGG Reduces Rates for Two More Vessels

French seismic survey specialist, CGG has reduced day rates for two more seismic vessels following the reduction ...

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Two Cargo Vessels Sink Off Philippines

Two cargo vessels have sunk offshore Philippines in two separate accidents on January 17, 2017. A cargo vessel M/V ...

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OSM to Manage Forland Ships

Norwegian owner of subsea vessels Forland has signed agreements with OSM Offshore (OSM) in Arendal, to outsource ...

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Global Energy Development Targets Subsea Market

Global Energy Development said it has conditionally agreed to purchase 11 offshore subsea service vessels and a ...

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Two Maersk Supply Service Vessels Sink Off France

Two Maersk Supply Service anchor handling tug supply vessels (AHTS) have sunk offshore France. Maersk Supply ...

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80 Jobs Lost as Olympic Avoids Bankruptcy

Norwegian provider of subsea and offshore construction vessels, Olympic, said on Friday it has obtained support ...

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Island Offshore to Lay-Up More Vessels During Winter

Norway-based Island Offshore, an operator of the fleet of 28 vessels, informed that the number of vessels in winter ...

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Impairments Sink Eidesvik

Norwegian vessel owner, Eidesvik Offshore, has posted quarterly loss as it recognised fleet impairment charge and ...

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Eidesvik Scores Work for Two Vessels with CGG

Norwegian vessel owner Eidesvik has secured two contracts with French seismic contractor, CGG for the seismic ...

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China Selects Sonardyne Acoustics for New Research Vessels

Sonardyne Asia has informed that its Ranger 2 underwater acoustic positioning technology has been selected for six ...

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Ulstein Nets Jan de Nul Pre-Commissioning Deal

Ulstein Electrical Technology has been awarded a pre-commissioning contract for two subsea rock dumping vessels ...

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Olympic Lines Up 60 Layoffs

Olympic Shipping, a Norwegian provider of subsea and offshore construction vessels, is reportedly reducing its ...

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Maersk Supply Service Cuts More Jobs

Maersk Supply Service will be reducing its onshore organisation by up to 25 percent in, as the company says, ...

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DEP Artificial Reef Program Sinks Two More Vessels

New Jersey’s Department of Environmental Protection’s (DEP) artificial reef program is sinking two more ...

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