At the Albwady Damen yard in Sharjah, UAE, two standard cutter suction dredgers CSD500 have been built, the company announced today. These two dredgers mark the anniversary of 10-year building Damen cutter suction dredgers at this yard. “The stationary dredgers, built to dredge at max -14m, are read
Shelf Drilling booked a loss of $185 million in the first quarter of 2020 due to rig impairment charges and is taking actions to reduce costs and preserve liquidity amid challenging market situation.
The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Managing risks: how to select the appropriate dredging contract’. The contracting environment for dredging and offshore works is diverse. Moreover, in
The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. “From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak tim
Engineering and management services provider Penspen has been awarded a contract by Target Engineering Construction for slug catcher replacement support on a project on Zirku Island in the United Arab Emirates.
Dredging Today brings you an overview of the most popular stories from the past week (May 4-10, 2020). Jan De Nul in 2019: Challenging Year for Dredging Jan De Nul Group has just released their business figures for the past year, saying that in line with previous years, 2019 remained a challenging
Oil giant Saudi Aramco has suspended the contract for one of Noble Corporation’s offshore drilling rigs.
Royal IHC has signed three contracts with the Jordan-based Arab Potash Company (APC) to deliver two cutter suction dredgers (CSDs) and implement a new maintenance agreement. The first contract comprises the delivery of a custom-built CSD, the second is a three-year maintenance contract for the IHC d
Jan De Nul Group has just released their business figures for the past year, saying that in line with previous years, 2019 remained a challenging year for international dredging activities. Market conditions have not yet revived public and private investments. On the other hand, activity in the offs
Water managers are continuously making decisions to guarantee water safety. These decisions relate to the short term, for example ongoing droughts or, precisely, when there is a risk of flooding. But they can also affect the long term given the more extreme events caused by climate change. All these
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.
Dredging Today team has just found this frightening video of an accident during a dredging project. The man operating the excavator had just jumped out of the cab at the last minute. Unfortunately, equipment fails and drownings are common accidents among dredge workers. Each type of dredger uses spe
Dutch jack-up owner and operator Seafox has placed an unsolicited and non-binding proposal to acquire the Gulf Marine Services PLC (GMS). Seafox made a possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox, at a value of USD 0.09 per G
