Business & Finance
Palfinger Kits Out Nexans Aurora
Palfinger Marine has been chosen to deliver a major deck equipment package for Nexans cable laying vessel, Aurora. Palfinger has already reported to deliver Abandon and Recovery (A&R) winches, A-Frame, knuckle boom cranes and overhead travelling gantry cranes to the Aurora. The new delivery agreemen
RWE Lines Up EUR 5 Billion for Renewables Switch
German energy company RWE has secured a EUR 5 billion credit agreement in preparation for the integration of the renewables activities of E.ON and innogy. The line of credit, provided by 27 international banks, was significantly oversubscribed, RWE said. Under the agreement reached in March 2018, E.
Hurtigruten Unveils Electric Catamarans for Polar Areas
Hurtigruten partnered with Brim Explorer to introduce battery-powered catamarans for polar water exploration.
Viewport3 Moves to New Office
Viewport3, a subsea 3D scanning specialist, has moved to new premises in Dyce, following on from a year of growth. Viewport3 will now be based at the Kirkhill Industrial Estate in Dyce. The new facility provides double the amount of office space they had previously, as well as additional store space
Green Marine, SME Team Up on Anchoring and Mooring Solutions
Green Marine and Sustainable Marine Energy (SME) have joined forces to provide anchoring and mooring solutions for energetic marine environments suitable for a range of applications including offshore floating wind, aquaculture, wave and tidal energy. Green Marine’s experience in operating subsea dr
Xodus Adds Renewables Advisory Team
Xodus Group has expanded its renewables capabilities with the addition of a dedicated advisory unit. The advisory team will support lenders, developers and the wider supply chain to identify and capitalize on renewable energy opportunities and mitigate against risk. Scott Hamilton has been appointed
DSC Dredge, Dragflow Join Forces
DSC Dredge, a Reserve, Louisiana, based dredge manufacturer, is joining forces with Dragflow, an Italian producer of dredging equipment, to expand their product lines. Commenting the latest news, DSC’s President/CEO Bob Wetta, said: “There is no overlap in our product lines and this partnership will
Corinth to supply pipes for Midia gas project
Corinth Pipeworks has been selected to manufacture and supply 8” steel pipes for the infield line and 16”steel pipes for the offshore gas transport pipeline for the Midia gas project in the Black Sea off Romania.
AVIC International Leasing Behind Navios Tanker Quintet Financing
AVIC International Leasing revealed as the financier for five Navios Maritime Acquisition product tankers.
Pipeshield Wins More East Anglia One Work
Lowestoft-based Pipeshield has been awarded the contract by DeepOcean to supply the 2nd phase scour protection for the East Anglia One offshore wind farm. The award follows the successful delivery of the 1st phase manufactured and supplied at the end of 2018. Similar in scope to the first phase, Pip
Damen Shipyards Group Expands Presence to Finland
Damen Shipyards Group opens a new engineering center in Helsinki.
Schulte Launches Venture Capital Arm for Maritime Startups
The new unit will operate from Hamburg, Limassol and Singapore.
Equinor taps Schlumberger, Halliburton, Baker Hughes, and Weatherford for drilling services on NCS
The Norwegian oil and gas company Equinor has awarded drilling services contracts worth NOK 2.5 billion ($286.7 million) in total to the oilfield services behemoths Schlumberger, Halliburton, Baker Hughes, and Weatherford, among others.
TORM Posts Its Strongest Quarterly Result in 3 Years
The rise in TORM’s profit in Q1 2019 was driven by product tanker market recovery.