Business & Finance
Olympic finds work for three vessels
Norwegian vessel owner Olympic Subsea has been awarded new contracts for three of its vessels.
DEME: 2,500 Tonne Cutter Ladder Successfully Installed on Spartacus
The 2,500 tonnes cutter ladder of DEME’s most powerful cutter suction dredger (CSD) Spartacus has been successfully installed at the Caland Canal in Rozenburg, the Netherlands. According to DEME, the 57m long cutter ladder is by far the strongest and most sophisticated ever built. The cutter ladder
Belships Completes Private Placement, Raises USD 8 Mn
Belships has raised NOK 72.6 million (USD 8.3 million) through a private placement of its shares.
SeaBird Sees Revenue Boost
Oslo-listed SeaBird has narrowed its quarterly loss for the period ended March 31, 2019 as revenues picked up on higher utilization, compared to prior-year first quarter. The seismic data provider for oil and gas companies posted loss of around $0.5 million for the first quarter of 2019, compared to
SMD Delivers CBT2400 to Boskalis
Soil Machine Dynamics Ltd (SMD) has announced the delivery of an ultra-high powered, compact 2400hp Cable Burial Tractor (CBT2400) to Boskalis. The CBT2400 and associated deck equipment were mobilized directly onto Boskalis’ specialist cable lay vessel, the NDEAVOR from the Swan Hunter quayside acce
Blue Water Energy Buys Pipeline Welding Specialist
London-based private equity firm Blue Water Energy has acquired Pipeline Technique Limited (PTL), a provider of pipeline welding, field joint coating and spoolbase services to the energy industry, from Heerema Marine Contractors (HMC). PTL is headquartered in Huntly, UK with additional worksites in
Vos Prodect Cable Hang-Offs for Hellenic Cables
Hellenic Cables – Fulgor SA has awarded a contract to Vos Prodect Innovations BV, to design and deliver sealed cable hang-off systems for 6 high voltage sealed cable hang-off systems. The cable hang-off systems will be installed on 3 platforms offshore Belgium. The Cable hang-off systems are designe
Ocean Yield, Aker Stretch FPSO Dhirubhai-1 Charter Option
The parties agreed to extend the charter option for FPSO Dhirubhai-1 by three months.
Samskip Against Eimskip-Royal Arctic Line Cooperation
Samskip appeals the decision of the Icelandic Competition Authority regarding Eimskip-RAL VSA.
Damen Presents New Deep Cutter Suction Dredger
Damen, well-known for its comprehensive range of standard dredgers, has now added a radically different design to its portfolio: a twin-hulled, deep cutter suction dredger designated the DCSD500. This compact new dredger has been designed to operate at dredging depths that have previously been possi
CMA CGM, MSC to Become Members of TradeLens Blockchain Platform
CMA CGM and MSC are to join TradeLens, a blockchain-enabled digital shipping platform.
IMO to Take Different Approach on STCW White List Process
IMO to withdraw the list of previously affected countries that were to be removed from the STCW White List.
Cutter Dredger JULIA Launching Ceremony (VIDEO)
Royal IHC has just released an interesting video of the launching ceremony of the mining cutter dredger JULIA. The new custom-built dredger hit the water at IHC yard in Kinderdijk, the Netherlands, on May 20. The vessel will operate at Kenmare’s Wet Concentrator Plant C project at its Moma Titanium
Port of Gothenburg Project Reaches Major Milestone
An important milestone is reached in the largest development project at the Port of Gothenburg in 40 years. Phase one of the water-based work has now been completed and construction of the 220,000 square meter terminal is due to move on to the next phase. The scheme began in autumn 2018 with stabili