Business & Finance
Engie and EDP Aim for Offshore Wind Top Spots with New Joint Venture
Engie and EDP have signed a strategic Memorandum of Understanding (MoU) to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind. The new entity will be the exclusive vehicle of investment of EDP, through its subsidiary EDP Renewables (EDPR), and Engie for offshore wind
Zeaborn Ship Management Aims to Grow Fleet to 250 Ships, Gets New CEO
Zeaborn to grow its managed fleet to 250 vessels with the support of its new CEO.
IADC: Challenges of Optical Backscatter Monitoring
In the latest edition of their Terra et Aqua magazine, the International Association of Dredging Companies (IADC) put a special spotlight on the challenges of optical backscatter monitoring in mixed sediment environments. Optical backscatter instruments (OBS) are very popular instruments for measuri
Ocean Yield Takes Delivery of Scorpio’s Ultramax Pair
Ocean Yield ASA takes delivery of two 2017-built Ultramax dry bulk vessels.
Norled to Change Ownership
Norwegian DSD has signed an agreement to sell its ferry company Norled.
ROVOP Expands in Europe with New Office and Team Member
ROVOP has expanded into mainland Europe with the appointment of Job Biersteker as business development manager in its new facility located in Rotterdam. Job has been active in the subsea industry for nearly a decade and has had various positions including ROV technician, project engineer and project
Sonardyne Snaps Up EIVA
Subsea technology and systems provider Sonardyne has acquired Denmark-based maritime software and equipment specialist EIVA. EIVA will join the Sonardyne group of companies while remaining an independent business and brand. EIVA Chief Executive Officer Jeppe Nielsen, who has been CEO since 2011, wil
Esbjerg and Ulsan Forge Offshore Wind Bond
Denmark’s Municipality of Esbjerg has signed an agreement to establish cooperation in the field of offshore wind energy with South Korea’s Ulsan Metropolitan City. In February 2019, the Royal Danish Embassy in Korea entered a cooperation agreement on renewable energy with the Ulsan Metropolitan City
TenneT Issues EUR 1.25 Billion Green Bond
TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind. The green bond is split into a tranche of EUR 500 million, under an 11-year term and a coupon of 0.875%, and EUR 750 million, under a 20-year term an
TGS-Spectrum Merger Gets Boards of Directors Approvals
TGS-NOPEC Geophysical (TGS) and Spectrum’s boards of directors have unanimously approved and decided upon a final merger agreement and merger plan between the companies. The companies announced the statutory merger at the beginning of May. The merger plan is now to be submitted to and registered by
EMGS Set for Board Changes
The chairman of the board of directors of Electromagnetic Geoservices (EMGS), Eystein Eriksrud, has notified the company that he will not seek re-election at the end of his current service period. The company has further been informed that Anne Øian, a member of the board of directors of EMGS, will
Fugro Supports North Atlantic Ocean Seabed Mapping
Fugro has recently contributed more than 110,000 square kilometers of high-resolution bathymetry data in the North Atlantic Ocean to help improve the quality and coverage of seabed mapping in the region. The dataset, which covers an area the size of Iceland, was delivered to two complementary progra
Hamburg Süd Christens Another Polar Class Vessel
Hamburg Süd christens its latest Polar-class containership, Polar Ecuador.
Kaefer Energy bags $79M Johan Sverdrup ISO contract
Norwegian oil company Equinor has awarded Kaefer Energy a contract for insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field in the Norwegian sector of the North Sea.