Highlights of the Week
- Business & Finance
Subsea World News has put together a recap of the most interesting articles from the previous week (November 20 – November 26).
Following a request for assistance from the Argentine Government, the Royal Navy patrol ship HMS Protector has been deployed to join efforts to find and rescue an Argentine submarine ARA San Juan reported missing in the South Atlantic Ocean.
HMS Protector has arrived in the search area on Sunday to assist with the search along with Royal Navy’s specialist Submarine Parachute Assistance Group and the Falklands Islands patrol vessel HMS Clyde which is returning from a patrol to South Georgia in order to assist.
In preparation for an extended downturn in the offshore supply market the company has issued a request to its banks for instalment relief and certain other changes to its bank loan facilities to ensure that the company is able to service its debt obligations through the downturn.
The bomb was found 50 miles off the coast of Norfolk after a Dutch trawlerman pulled the air-dropped WWII device onto the deck of his vessel caught in fishing nets.
The vessel will follow the MT6022 SS Nujoma delivered in 2016 to Debmarine Namibia. The new seabed mining vessel, with a length of 177 meters and a breadth of 27 meters, will be the largest ship ever designed by Marin Teknikk, the company said.
According to McDermott, a major contract is in range between USD 750 million and USD 1,500 million.