Business & Finance
IJmuiden Sea Lock Project Update for May and June
In May and June, OpenIJ – a consortium of construction companies building the world’s largest sea lock in IJmuiden in The Netherlands – will be very busy with the sinking operation of the inner head. Furthermore, work will also be carried out on the local control buildings, on the connection between
DryShips to Invest Up to USD 100 Mn in Scrubbers, Ballast Systems
DryShips reveals future proofing plan to install scrubbers and ballast water systems on its fleet.
Shipyard De Hoop Delivers New Expedition Ship to Celebrity Cruises
The new expedition cruise ship Celebrity Flora is specifically designed for Galapagos Islands.
BIMCO Elects Its First Female President
BIMCO elected Şadan Kaptanoğlu, managing director of HI Kaptanoglu Shipping, as new President on May 14.
Transocean raising $500M via note offering
Offshore drilling company Transocean has started a private note offering in a push to raise $500 million.
Jan De Nul’s TSHD Sanderus Hits the Water
Jan De Nul Group launched their 6.000m³ trailing suction hopper dredger (TSHD) Sanderus in Singapore last week. This green vessel – Jan De Nul’s fourth Ultra-Low Emission – is the first of two identical medium-sized hopper dredgers under construction at Keppel O&M’s shipyard in Singapore, fitted wit
Johan Sverdrup Phase 2 Plan Gets Go-Ahead
The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development was formally approved by Norwegian authorities on 15 May. The same day sees the construction start of the field’s second processing platform at Aibel’s yard in Haugesund. “This is a big day for E
Avance Gas Fetches USD 515 Mn Refinancing
Avance Gas would enable refinance its outstanding debt with the USD 515 million credit facility.
Deep to Survey Northland’s Two German Offshore Wind Sites
Deep BV said it has been awarded two service contracts at the Northland Power offshore wind farm sites. The two five-year contracts will see the Dutch hydrography and geophysics specialist deliver subsea surveys services at Deutsche Bucht and Nordsee One wind farms. Financial details surrounding the
Awilco swings to loss in 1Q but sees market improving
Awilco Drilling sank to a loss in the first quarter of the year amid lower revenues but the driller sees an improvement in the offshore drilling market.
Corinth Pipes for Midia Gas Project in Black Sea
Corinth Pipeworks (CPW) has been selected to manufacture and supply 8-inch steel pipes for the infield line and 16-inch steel pipes for the Midia Gas Development offshore gas transport pipeline. The pipes will be manufactured during 2019 in CPW’s factory in Greece, and installation work will begin a
Piper Alpha survivor to manage UK’s offshore safety body
UK’s offshore oil and gas safety body Step Change in Safety has appointed Steve Rae, a Piper Alpha accident survivor, as its new Executive Director.
Epic Gas Names New Chairman, Cuts Loss
Epic Gas has appointed a new Chairman as it narrowed its loss in the first quarter of the year.
ICTSI Ecuador: Contecon Guayaquil Dredging Already Pays Off
Contecon Guayaquil, the Ecuadorian subsidiary of International Container Terminal Services, Inc. (ICTSI), set a new operational benchmark after servicing the largest ship to dock in Ecuador – the 10,010-TEU neo-Panamax CMA CGM Cochin. According to the ICTSI’s latest announcement, “the vessel’s arriv