Business Developments & Projects

Hydrographic Company to invest $264 million in dredging fleet
FSUE Hydrographic Company is looking into investing about RUB 20 billion ($264 million) in construction of its own dredging fleet. This information was revealed yesterday Aleksandr Bengert, General Director of Hydrographic Company, at the 5th International Congress “Hydraulic Engineering Structures

RINA OKs 1st MR tanker to exceed IMO 2050 targets using fossil fuels
Classification society RINA has granted approval in principle (AiP) to a hydrogen-powered MR tanker design developed by Swedish designer FKAB Marine Design.

CMA CGM to operate, manage Port of Beirut’s container terminal
Following the bidding process, CMA Terminals, part of French shipping and logistics major CMA CGM Group, has been chosen to manage, operate and maintain the Port of Beirut’s container terminal for a 10-year period starting in March 2022.

Noble counts on meaningful growth ahead as rigs secure more work
Noble Corporation has secured more work for its rigs, including a conditional award for four drillships working for ExxonMobil in Guyana.

World first as hybrid Modus AUV lands in Equinor’s subsea docking station
The UK-based Modus Subsea Services has completed autonomous docking of one of its hybrid autonomous underwater vehicles (HAUV) to an Equinor subsea docking station (SDS), representing a world’s first. The HAUV system, based on a Saab Sabertooth AUV, successfully docked subsea to the SDS in the North

DSME orders GTT tank design for Maran Gas LNGCs
French LNG containment specialist GTT has received tank design order for four new LNG carriers (LNGCs) from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).

Novatek receives module for Arctic LNG 2
Audax carrier has delivered a process module for Novatek’s Arctic LNG 2 project from the Chinese port of Tianjin.

Archer Knight to support Neptune’s subsea activities in UK
Subsea consultancy firm Archer Knight has secured a diving technical authority contract with oil and gas company Neptune Energy to provide specialist support for all diving operations in the UK.

Ships to become ‘vacuum cleaners’ for seas with Grimaldi & Wärtsilä
Finnish technology group Wärtsilä and Italian shipowner Grimaldi Group have unveiled a new system that uses exhaust gas scrubber washwater to tackle the amount of microplastics in the world’s oceans.

Full value-chain offering from Aker and Northern Lights to speed up CCS deployment
Aker Carbon Capture has joined forces with Northern Lights JV to work on accelerating the CCS market through full value-chain offerings.

NREL’s variable-geometry wave energy concept advances to test phase
Researchers from the National Renewable Energy Laboratory (NREL) in United States have built and tested a small-scale prototype of novel wave energy device which can adapt its shape according to the strength of the waves for greater survivability and power extraction.

MMA Offshore awarding hydrographic surveying scholarships
Australian marine and subsea services provider MMA Offshore has launched the Offshore Hydrographic Surveying Scholarship program as part of its support to the surveying industry development.

Guyana partners reveal spending plan for second exploration well
Following positive results from the first well, Guyana partners have now revealed spending plans for the second well.

MAN ES to cooperate with HHI unit on OPL solution
German engine manufacturer MAN Energy Solutions has signed a cooperation agreement with Hyundai Global Services (HGS) — an after-sales division of South Korean shipbuilder and engine maker Hyundai Heavy Industries (HHI).