KUWAIT's big forwarder, Agility, has posted a first quarter year-on-year eight per cent net profit decline to KWD7.1 million (US$25.4 million), drawn on revenues of KWD321.8 million, down one per cent.
Tug Fairmount Sherpa has safely delivered rig GSF Arctic I in Las Palmas. The rig has been towed from offshore Rio de Janeiro, Brazil, to Las Palmas de Gran Canaria, Spain. GSF Arctic I is a semi-submersible drilling rig for deepwater operations, owned by Houston based Transocean.