Hermitage & 28 units file petitions for reorganization
Hermitage Offshore Services Ltd. and 28 of its subsidiaries including all its vessel-owning subsidiaries (collectively, the “Company”) jointly announced on August 11 that they have filed voluntary petitions for reorganization under Chapter 11...
SOCAR Petrofac JV provides payroll & personnel support
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), announced on August 10 that it has secured a contract to provide BP Azerbaijan with international payroll and personnel support services including...
SHI entails heavy loss in 2Q
Samsung Heavy Industries (SHI) announced in a regulatory filing on July 31 that its operating loss of KRW 707.7bn and sales of KRW 1.69trn for the second quarter in 2020. SHI’s sales fell 7% to KRW 1.69trn compared to the first quarter...
ClassNK releases “Innovation Endorsement” service
Leading Classification Society ClassNK announced on July 31 that it is launching a new service titled “Innovation Endorsement” for certifying innovative technology. In February 2020, the Society announced the "ClassNK Digital Grand Design ...
Maersk Drilling invests in carbon-negative energy
Maersk Drilling announced on July 29 that it has entered an agreement to invest USD 1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology ...
MOL reveals restructuring plan
Tokyo-Mitsui O.S.K. Lines, Ltd.(MOL; President & CEO: Junichiro Ikeda) announced on July 29 that it would lower the number of employees working from the office from 50% to 30%, effective from today as the Coronavirus continues to spread acr...
Mike Holliday named as M&O president
Lloyd's Register (LR) announced on July 30 that it has appointed Mike Holliday as Marine & Offshore president for South Asia, the Middle East and Africa (SAMEA). In his new role, Holliday will lead LR’s Marine and Offshore operation ac...
Rivertrace teams up with Prevention
Market leading developers of smart water quality monitoring technology, Rivertrace Limited announced on July 28 that it has integrated the multi Lloyd’s List awarded ε-ORB (PAS electronic Oil Record Book) software application developed by ...
Johan appointed as OTG's chief revenue officer
Ocean Technologies Group (OTG) announced on July 27 that Experienced Maritime technology and Ship Management executive Johan Gustafsson has joined OTG, as our Chief Revenue Officer. Johan’s experience in maritime technology businesses span...
EV Private Equity invests in Trainor
EV Private Equity announced on July 27 that the leading provider of electrical safety training, digital solutions and consultancy services to the global energy, renewables, power and grid, and maritime industries, Trainor, has secured new investm...
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