1952 results found for 'cygnus'

1952 results found for 'cygnus'
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  • Prosafe’s 4Q Fleet Utilisation at 82 Pct

    24 January 2014
    Business & Finance

    Prosafe, a Cyprus-based owner of offshore accommodation rigs, has announced that its fleet utilisation in the fourth quarter of 2013 was 82 per cent, with seven vessels; Safe Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation during the quarter. Safe Concordia was on contract in Brazil and the […]

  • EU Provides Funding for LNG Terminal at Port of Gothenburg

    17 July 2013
    Business & Finance

    Liquefied natural gas for shipping by 2015 at the latest. This is the aim behind collaboration between private infrastructure companies and the Port of Gothenburg and the Port of Rotterdam. The project will receive SEK 305 million in funding from the EU. “EU support is a clear indication of how important shipping is for sustainable […]

  • OSIL Buoy for ORION Coastal Erosion Project

    26 April 2019
    Business & Finance, Equipment, Technology

    Ocean Scientific International Ltd (OSIL) has supplied a 1.2m data buoy platform to the “ORION” joint research and development center in Nicosia, Cyprus, for use as a real-time monitoring station on an EU-funded project managing coastal erosion. According to OSIL, “The Harmonized Coastal Corrosion Management Framework for Enhancing the Implementation of the Integrated Coastal Zone […]

  • Highlights of the Week

    1 April 2018
    Business & Finance, Equipment, Technology

    Dredging Today brings you an overview of the most popular stories from the past week (March 26 – April 1, 2018).   VIDEO: Ayia Napa Marina Development Project in Full Swing Ayia Napa Marina, situated on the southeastern coast of Cyprus, has just released the latest video update on their marina development project.   PHOTO: Cuban […]

  • Vattenfall Gives Its Financial Targets a Renewables Reality Check

    13 December 2017
    Business & Finance

    Vattenfall set its new financial targets at an extraordinary general meeting on 12 December, as the renewable energy sector has matured and changed market conditions, resulting in lower risks and thus a lower and more stable financial return.

  • Utility ROV Services Wins Moray East Deal

    15 January 2019
    Operations & Maintenance, Project & Tenders

    Utility ROV Services (URS) has won a contract to provide boulder relocation services on the 950MW Moray East offshore wind farm in the Scottish waters. The Fife-headquartered company plans to begin the work in the first quarter of the year using its load bearing ROV system UTROV. “This contract is a welcome start to 2019 for […]

  • Swedish Divers Found Soviet WW2 Submarine in Baltic Sea

    11 September 2012
    Business & Finance, Operations & Maintenance

    A Soviet submarine lost during the World War II was recently found by Swedish divers on the seabed of the Baltic Sea. The submarine was identified thanks to Russian letters still readable on the sub’s hull and the year of 1936 stamped on the main 100-mm gun. Experts of Central Navy Portal suggest it is […]

  • MacGregor to supply equipment to SeaRoad LNG-fueled RoRo

    12 May 2022
    Equipment, Infrastructure, Vessels

    MacGregor, part of Cargotec, has been selected to supply RoRo equipment for a new LNG-fueled RoRo German shipbuilder FSG is building for Australian operator SeaRoad.

  • SeaBird Exploration eyes more offshore wind work for its seismic research vessel

    19 August 2021
    Vessels

    Cyprus-headquartered SeaBird Exploration, which recently won its first contract in offshore wind, will be looking to deploy its seismic research vessel Petrel Explorer on further projects within the sector after the vessel’s contract for an offshore wind farm in the Baltic Sea was extended for another month. SeaBird’s parent company, Norwegian Green Energy Group, reported […]

  • Highlights of the Week

    3 February 2019
    Business & Finance

    Dredging Today brings you an overview of the most popular stories from the past week (January 28 – February 3, 2019).   Jan De Nul Working Around the Globe Jan De Nul Group has just released an update on two projects which stood out in 2018; at 15,500 kilometers from each other, in the far north […]

  • Gothenburg Port Expansion Kicks Off

    12 October 2018
    Business & Finance

    After years of planning and preparation, construction of an entirely new terminal in the outer area of the Swedish Port of Gothenburg has started. The project will be the largest expansion undertaking at the Port of Gothenburg in 40 years. Phase 1 started with piling earlier in the week. The 220,000 square meter terminal will […]

  • Rem Offshore wins long-term charter for ‘Rem Saltire’

    15 October 2018
    Business & Finance

    Offshore vessel owner Rem Offshore has been awarded a contract for one of its subsea construction vessels.

  • DSME Orders Wärtsilä’s Inert Gas Solutions for New LNG Carriers

    11 December 2015
    Business & Finance

    South Korean Daewoo Shipbuilding and Marine Engineering (DSME) has contracted Finnish engineering company Wärtsilä to supply combined inert gas generators and gas combustion units for 17 new LNG carriers currently under construction. Wärtsilä and DSME signed the supply contracts in June and September. The newbuilding vessels will we employed with operators in Singapore, Greece, South Korea, […]

  • Nautilus Minerals Withdraws Proposed Capital Raising (Papua New Guinea)

    12 June 2011
    Business & Finance, Operations & Maintenance

      As a result of weak financial market conditions, Nautilus Minerals has decided to withdraw its proposed capital raising. Despite a positive response from investors during marketing of the proposed transaction over the past two weeks, adverse market conditions had meant that it was not in the interests of shareholders for the transaction to proceed. […]

  • Eni CEO, Egypt’s president talk offshore gas

    27 November 2015

    Claudio Descalzi, CEO of Italian oil company Eni, met Thursday with the Egypt president Abdel Fattah el-Sisi to discuss Eni’s operations in Egpyt. According to a statement by Eni issued on Thursday, special attention was given to Eni’s progress on the plan for the development of the giant Zohr gas discovery Eni made in September. […]

  • Major reorganization in MacGregor lines

    23 October 2014
    Business & Finance

    MacGregor, part of Cargotec, has announced changes in its operative structure and has started a reorganization into seven operative Divisions which will become effective on January 1, 2015. The six new operative Divisions, together with Global Lifecycle Support as the seventh one, will enable MacGregor to improve customer service throughout the lifecycle of the products, offer more comprehensive […]

  • Energy Drilling secures Loan Facility for two tender rigs

    9 April 2014
    Business & Finance

    Energy Drilling has signed a US$175.5 million Senior Secured Term Loan Facility with a group of four lenders on Monday 7th April 2014. The four lenders are DNB Asia Ltd, ABN Amro Bank N.V, NIBC Bank N.V. and Clifford Capital Pte Ltd. The Facility shall be used as final payment upon delivery by Cosco Guangdong […]

  • Norway: Forland Shipping Orders Subsea Vessel from Havyard

    10 February 2012
    Business & Finance

    The Herøy-based company, Havyard Group AS has signed a contract with the Norwegian shipping company Forland Shipping  for the construction of a subsea vessel. Arne Magnus Johnsen, CEO of Forland Shipping, the company that owns and operates three vessels within offshore and seismic operations, is very pleased with the choice in both design and shipyard: – […]

  • Greece: NewLead Sells Two Tanker Vessels

    22 June 2012
    Business & Finance

      NewLead Holdings Ltd. yesterday announced that the Company entered into an agreement with Piraeus Bank S.A. to proceed with the sale of the two tanker vessels, Hiona and Hiotissa, for an aggregate amount of $57.0 million and to convert, subject to satisfaction of certain conditions precedent by the Company, $18.1 million debt into 22.1 […]

  • Top News of the Week, 13 – 19 March 2017

    19 March 2017

    Siemens-Gamesa Merger Clears Final Hurdle The European Commission has cleared unconditionally under the EU Merger Regulation the proposed acquisition of wind turbine manufacturer Gamesa by Siemens. World’s First Offshore Wind Farm Passes into History DONG Energy has started dismantling the world’s first offshore wind farm, the 4.95MW Vindeby located in the Danish Baltic Sea near […]

  • Subsea 7 Looks to Snap Up Seaway Heavy Lifting

    17 January 2017
    Business & Finance, Operations & Maintenance

    Subsea 7 said that one of its wholly owned subsidiaries has made an offer to acquire the 50 percent shareholding in Seaway Heavy Lifting currently owned by K&S Baltic Offshore (Cyprus). The terms of the offer are binding on Subsea 7 until July 1, 2017. During this period the Works Council representing the employees of Seaway Heavy […]

  • Flettner Rotor-Fitted Ultramax Wins Ship of the Year Award

    14 December 2018
    Business & Finance

    Ultramax bulker fitted with Flettner Rotor system named ‘Ship of the Year’.

  • Pioneer Marine Secures Financing for Vessel Acquisitions

    29 August 2018
    Business & Finance

    Pioneer Marine has secured a USD 64.4 million a credit facility with ABN Amro Bank.

  • Wartsila to Power Up Axis Offshore’s New Accommodation Rig

    17 April 2013

    Wartsila, the marine industry’s leading solutions and services provider, will supply a comprehensive, fully integrated power, propulsion and positioning system for a DP3 Dynamically Positioned offshore accommodation rig being built in China. The contract was signed in January with Cosco (Qidong) Offshore Co. Ltd, the yard building the vessel for Singapore based Axis Offshore. The […]

  • Baltic Ace Salvage Contract Awarded

    27 March 2014
    Business & Finance

    Rijkswaterstaat, a part of the Dutch Ministry of Infrastructure and the Environment, has awarded the final salvage contract for the complete removal of the sunken car carrier Baltic Ace to the Boskalis and its partner Mammoet Salvage. The contract includes removal of the entire wreck, its cargo and 540,000 liters of fuel oil. The first stage […]