People & Company News
Ozegowski New CEO at Atlas Elektronik
Michael Ozegowski,52, has been appointed the new Speaker of the Management Board and Chief Executive Officer of Atlas Elektronik GmbH with effect of May 1st, 2018. He succeeds Dr. Jens Bodo Koch who is to become CEO of Heckler & Koch Group. Ozegowski started his professional career in 1999. In the following 19 years,
Marlink Moves Warehouse Facility in Houston
Marlink has moved to larger premises in Houston, ensuring its ability to meet the growing needs of its Gulf of Mexico offshore industry and shipping customers. The new facility includes expanded office space to accommodate growth in sales and support functions at both Marlink and Telemar, in addition
Wärtsilä acquires Transas
Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within
McDermott and CB&I Conclude Merger
McDermott International and CB&I announced that the companies have received antitrust clearance in Russia for their proposed combination. With this clearance, McDermott and CB&I have received all the required competition authority approvals for the transaction. As previously announced on December 18,
DP World Acquires Cosmos Agencia Maritima in Peru
Dubai-based DP World, , one of the world's largest port operators, said it had bought a logistics firm Cosmos Agencia Maritima (CAM) in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal. "CAM owns a fully integrated logistics service business (Neptunia S.
Drydocks World Earns Dubai Chamber CSR Label
Drydocks World - a DP World company, the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber Corporate Social Responsibility Label for the fourth year in a row in recognition of the company’s efforts and contributions to excellence in various areas of social responsibility.
Offshore Groups Bibby, Rever Merge
The U.K.’s Bibby Offshore will merge with Norwegian firm Rever Offshore AS in a move targeting opportunities in the diving and subsea umbilicals, risers, and flowlines (SURF) markets. The transaction has been agreed and is expected to close soon, announced Bibby owner Fara Holdco Limited. The
ACR Electronics Named South Florida Manufacturer of the Year
Broward County based survival gear manufacturer catering to the marine, outdoor, aviation and military markets has announced that they were named South Florida’s Manufacturer of the Year. ACR Electronics, Inc. was recognized by the South Florida Manufacturers Association (SFMA) at their “Annual
Hong Kong's Richest Man Li Ka-shing Retires
Li Ka-shing to retire after annual general meeting on May 10; will stay on as senior adviser to the group. Hong Kong's richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings Ltd on Friday, bringing to a close a rags-to-riches story that made him a hero in the freewheeling capitalist hub.
Bourbon in Red Ink
French offshore vessel provider Bourbon Offshore recorded a bigger loss of EUR 576.3 million for 2017 in 2017 when compared to EUR 279.6 million for 2016 dragged down by lower revenues and vessel impairments amid a third year of cyclical downturn. The net loss at EUR 576.3 million, including €277