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Subsea 7 profit falls down

Subsea 7 S.A., a subsea engineering, construction and services company, has seen its third quarter 2015 net profit and revenues drop due to lower activity. Subsea 7 on Wednesday posted a net income for the 3Q 2015 of $145 million, compared to $199...

11/11/2015 Read

Tallink sells one of its ferries

Tallink Superfast Limited, a subsidiary of Estonian shipping company AS Tallink Grupp, has entered into an agreement with Italy’s Medinvest SpA (Corsica Ferries Group) to sell the fast ferry Superstar for EUR 91.5 million (USD 98.3 million...

10/11/2015 Read

El-Mellah launch at Poland’s Remontowa shipyard

The 110-meter hull of the sail training ship El-Mellah was launched over the weekend at the Remontowa shipyard in Gdansk, Poland. The El-Mellah is being built for the Algerian Navy and is the 1,000th ship launch for Remontowa...

10/11/2015 Read

Australian crew will be replaced by international one

American-based corporation ALCOA, producer of primary aluminum, has decided to replace the Australian crew of the MV Portland with foreign workers, who will be paid as little as USD 2 an hour, reports the Maritime Union of Australia (MUA)....

10/11/2015 Read

U.S. Offshore rig count drops down

Baker Hughes Incorporated has posted Weekly Rig Count report. According to the report, the U.S. offshore rig count fell. BHI Rig Count: U.S. -4 to 771 rigs U.S. Rig Count is down 4 rigs from last week to 771, with oil rigs down 6 to 572, and ga...

09/11/2015 Read

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