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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35 Jobs Lost as Farstad Moves to New Base in Australia

Norwegian shipowner Farstad Shipping will close down the management office in Melbourne as it concentrates its oil ...

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Kongsberg Introduces ‘Integrated Vessel Concepts’

Kongsberg Maritime has launched a new portfolio of fully ‘Integrated Vessel Concepts’ designed to ...

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GC Rieber Sees Red on Fleet Impairment

Norwegian offshore vessels provider, GC Rieber Shipping, has recognised quarterly loss of NOK 453.8 million, ...

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Olympic Ship Writes Down Fleet Value

Norwegian provider of subsea and offshore construction vessels, Olympic Ship, has seen red at the end of second ...

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Solstad Posts Quarterly Profit Drop

Oslo-listed Solstad Offshore, has recorded a profit of NOK 171.2 million ($20.8 million) for the second quarter of ...

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REM Takes NOK 900 Mln Impairment Hit

Norwegian firm REM Offshore has posted second-quarter 2016 net loss of NOK 1.12 billion ($136.5 million), compared ...

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Eidesvik Offshore Swings to Quarterly Loss

Norwegian vessel owner, Eidesvik Offshore, has posted quarterly loss as it booked forex charges and its revenues ...

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Siem Offshore Narrows Losses

Siem Offshore has managed to shrink its quarterly loss, despite weaker revenue, as fleet write-downs were much ...

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SeaBird in Profit, Might Look into Further Fleet Resizing

Oslo-listed SeaBird has swung to a profit compared with a negative result in the second quarter 2015, on increased ...

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Reach Subsea Secures More Work for Its Vessels

Reach Subsea have entered into short/medium term contracts with different international clients for Normand Reach ...

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Bourbon Revenues Drop

Bourbon has posted lower adjusted revenues for the quarter ended June 30, 2016 as low oil price environment keeps ...

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Royal IHC Recognized for Pipelaying Vessels Delivery

Royal IHC has received an honor award from Sapura Navegação Marítima for the delivery of five pipelaying vessels. ...

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