ROVworld Subsea Information

As the leaders and decision makers from across the commercial diving and underwater ROV industries prepare to travel to New Orleans for Underwater Intervention 2017, please visit www.underwaterintervention.com for the most updated program schedule, discounted housing information and registration!
 
UI 17 takes place at the Morial Convention Center in New Orleans, Louisiana, from February 21-23. It is the preeminent event for the commercial diving and underwater ROV industries and features three days of industry education, networking and evaluation of the latest and greatest products and services.
 

WASHINGTON, D.C. – The Alliance for Innovation and Infrastructure (AII) has issued a new report exploring the impact and economic benefits created by infrastructure development in the Arctic.

Entitled, “Arctic Promise: Challenges and Opportunities in Realizing the Next Generation of U.S. Arctic Infrastructure,” the report emphasizes the role that the oil and gas industry has historically played in developing the economy of the region.

MANILA, Philippines – Department of Environment and Natural Resources (DENR) Undersecretary Arturo Valdez said a dredger vessel docked near the Aklan River has been barred by the government from leaving Philippine waters until an ongoing investigation is completed.

On Friday, the Marine Board of Investigation hearings into the loss of the El Faro continued with testimony from a deck officer who served on the ill-fated vessel. 

Former El Faro third mate Alejandro Berrios took the stand to testify about the ship's operating practices and safety culture. Board member Keith Fawcett asked him about a series of logbook entries that showed Barrios had been working long hours while serving on the El Faro, and Barrios said that he had not been aware of federal rest requirements at that time. However, he said that the El Faro's captain, Michael Davidson, would offer to stand watches if any of the mates were feeling fatigued – even if they were meeting their required hours of rest.

Hyundai Merchant Marine CEO Yoo Chang-keun said Monday that the firm expects to post losses through the first half of next year due to poor market conditions. 

“This year will be the year to strengthen our financials,” Yoo told Bloomberg. “We are targeting to make an operating profit in the third quarter of next year. By early next year, we expect much of the overcapacity in the market will be resolved . . . We are cautiously expecting rates this year to recover."