London Club posts record free reserves to consolidate financial strength

The London P&I Club consolidated its financial strength by recording an overall surplus of $3.6 million for the 2010/2011 year of account. This lifted free reserves to $145.1m, the highest level in the club’s 145-year history. The club’s continued policy of achieving controlled growth in its membership resulted in a five per cent increase, of almost […]

DNV acquisition boosts software portfolio

DNV has boosted its software portfolio with the acquisition of fellow Norwegian company Synergi Solutions. As a provider of asset integrity software for the energy and maritime industries, DNV is now extending its portfolio to include risk based software for operational risk management. Quality, Health, Safety and Environment is becoming increasingly complex in many industries […]

Inmarsat announces key appointments

Global mobile satellite communications services provider Inmarsat has carried out its plan to separate the role of Chairman and Chief Executive Officer by announcing two new key appointments. With effect from January 1st, 2012 Andrew Sukawaty will become Executive Chairman and Rupert Pearce will become Chief Executive Officer. Mr Pearce will join the Inmarsat plc […]

PSA awards key Dammam concession

A joint-venture company, Saudi Global Ports LLC (SGP),  formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA) has been awarded the concession to develop, operate and manage the second container terminal in the King Abdul Aziz Port in Dammam, a key gateway port on the Arabian Gulf. […]

Drydocks launches latest self elevating platform

Drydocks World has announced the successful launch of self elevating platform L210, from its dedicated rig building facility in Graha, Indonesia. The platform costing $24.6m is being built for Curacao-based Self Elevating Platforms N.V which supplies to the energy markets as well as the heavy civil construction market. Drydocks World has already achieved all the […]