Business & Finance
EU Helps Fund Extension of Polish LNG Terminal
Poland signs deal to invest USD 142.6 million in extension of LNG terminal in Świnoujście.
Terra et Aqua 154 Available
The International Association of Dredging Companies (IADC) has just released the latest edition of their Terra et Aqua magazine, introducing articles about muddled sediments, an eco-tie-in, Scheldt saver and a lake reviver. Popular instruments in the field, optical backscatter instruments (OBS) are
Sparrows amasses $39 million in revenues with UK contract renewals
Sparrows Group has secured contract renewals worth an estimated £30 million in revenue in the first quarter of 2019.
Wallenius Wilhelmsen Expands Fleet with New HERO Unit
Wallenius Wilhelmsen added the second of a series of four Post-Panamax HERO vessel to its fleet.
Ørsted’s Ex Wind CEO Finds New Gig
Macquarie’s Green Investment Group (GIG) has appointed Ørsted Wind Power’s former CEO Samuel Leupold as Chairman of Wind Energy. In this newly created position, Leupold will support the development and implementation of GIG’s global strategy for offshore and onshore wind. According to GIG, the new c
Ørsted Launches Third Round of East Coast Skills Fund
Ørsted has opened the third round of its East Coast Skills Fund for applications, with GBP 55,000 available for coastal areas of Yorkshire, Lincolnshire and North Norfolk. The grants will be available to organizations that can develop and deliver Science, Technology, Engineering and Maths (STEM) rel
Ørsted Launches Third Round of East Coast Skills Fund
Ørsted has opened the third round of its East Coast Skills Fund for applications, with GBP 55,000 available for coastal areas of Yorkshire, Lincolnshire and North Norfolk. The grants will be available to organizations that can develop and deliver Science, Technology, Engineering and Maths (STEM) rel
Aker BP Adds New SVP Projects
Aker BP has appointed Knut Sandvik as senior vice president Projects. He will be a part of the executive management team and will report to CEO Karl Johnny Hersvik. Sandvik has worked for Aker Solutions for more than 30 years, joining what was then Norwegian Contractors as a field engineer in 1987.
MPC Container Ships Fetches USD 40 Mn Credit
MPC Container Ships signed a USD 40 million credit facility agreement at “attractive terms”.
RH Marine Systems for LNG TSHD Ecodelta
RH Marine has supplied its Rhodium Alarm Monitoring System (AMS) and Dynamic Positioning and Tracking Control System (DPT) for the Ecodelta, the first Dutch dredger on LNG. The trailing suction hopper dredger (TSHD), owned by Van der Kamp, is 134 meters long, 21 meters wide and can dredge up to 37 m
PGS Q1 Loss Widens
Petroleum Geo-Services (PGS), reported loss for the first quarter ended March 31, 2019 of $65 million versus loss of $40 million in the prior-year quarter. Basic loss per share was 19 cents, down from 12 cents per share loss same time last year. Norway-based PGS generated $129 million in quarterly r
Intercargo: Liquefaction Caused Most Loss of Life from Bulk Casualties
Cargo failure and liquefaction caused more than half of loss of life arising from bulk casualties, Intercargo said.
Botlek Deepening Inaugurated
The Port of Rotterdam Authority has officially inaugurated the deepening of the Nieuwe Waterweg and Botlek basin, making this port complex accessible for ships up to 15 meter draught. The dredging scheme was carried out by Boskalis (Maassluis to the Benelux Tunnel and the Botlek) and Van der Kamp (f
Katapult Ocean and GCE Ocean Technology Team Up
Katapult Ocean and GCE Ocean Technology have partnered to support start-ups. GCE Ocean Technology, formerly GCE Subsea, recently went through a name change to signify a new strategic direction. The cluster now wants to be an active faciliatator for technology transfer from the oil and gas industry i