Business & Finance
Mexican Land Reclamation Deal for Van Oord
The Mexican President, Andrés Manuel López Obrador, gave the go-ahead yesterday for the land reclamation works associated with the new PEMEX (Petróleos Mexicanos) refinery in Dos Bocas, Tabasco, Van Oord said in its latest release. Under the project, Van Oord will reclaim 12 million cubic meters of
TRIG to Take 25% Stake in Gode Wind 1
The Renewables Infrastructure Group Limited (TRIG) has agreed to acquire a 25% interest in the 330MW Gode Wind 1 wind farm in the German North Sea. The investment is being acquired from Global Infrastructure Partners as part of their divestment of their 50% stake in the underlying project, TRIG said
Bristow wins 5-year deal to support BP’s North Sea operations
Offshore helicopter operator Bristow Group has secured a new contract with BP to support its North Sea operations.
Belgian Citizens Can Now Invest in Offshore Wind Farms
The Limburg investment holding company Nuhma has launched a cooperative through which Belgian citizens and partnerships can now invest in offshore wind projects Nuhma is involved in. The first company in which the general public can invest via the ECO2050 cooperative is Z-Kracht. Z-Kracht, a divisio
Damen Launches CombiMeter
Damen has officially launched a new range of non-radioactive density meters – the CombiMeter. On board dredgers, continuous control of the dredging efficiency is of vital importance. This is done by density measurement – continuously checking of the throughput in the dredge pipe. For several decades
TORM Expands Fleet with Four MR Units
TORM agreed financing for the acquisition of four modern MR vessels being purchased “at an attractive price point”.
Brazil: Saipem probed over Petrobras deal
Brazilian authorities are investigating the Italian oilfield services provider Saipem’s dealings with Petrobras over possible irregularities.
Maersk, DB Schenker Jointly Curb Ocean Pollution, Emissions
Maersk and DB Schenker working together for more sustainable, environmentally-friendly transportation networks.
Piou and Yearwood Join TechnipFMC Board
TechnipFMC has named Olivier Piou, former chief executive officer of Gemalto and John Yearwood, former chief executive officer of Smith Internationa to its board of directors, effective June 1, 2019. Piou will serve on the Strategy Committee and Yearwood will serve on the Compensation Committee. Bot
d’Amico Joint Venture Agrees to Sell MR Tanker
d’Amico International Shipping’s joint venture is to sell an MR product tanker for USD 28.7 million.
IADC Dredging and Reclamation Seminar Set for This Month
The International Association of Dredging Companies (IADC) has announced that the Dredging and Reclamation Seminar at the IHE Delft Institute for Water Education in Delft, the Netherlands, will take place from Monday, 24 June, to Friday, 28 June, 2019. According to the IADC, this five-day course str
Stable Turnover for Jan De Nul Group in 2018
Jan De Nul Group realized a turnover of 1,708 million euro in 2018, adding that the EBITDA amounted to € 277 million or 16.22% of their turnover, the company announced today. “It was no real surprise that, as in 2017, the market conditions remained quite challenging in 2018. For several years in a r
North Yorkshire Presses Ahead with Work to Mitigate Flood Risks
As the Environment Agency launches a consultation on its draft flood and coastal erosion risk management strategy for England, the North Yorkshire County Council is now pressing ahead in its commitment to mitigate flood risks. The EA’s draft strategy sets out a vision for “a nation ready for, and re
Global Ship Lease Fixes Loan to Finance Boxship Buy
Global Ship Lease secured a USD 37 million loan to partially finance the purchase of three containerships.