Business & Finance
Nixon: Consolidation in Container Shipping Getting More Challenging
Further consolidation in the sector through mergers and acquisitions getting trickier.
DOC Delivers Trianel Borkum II Job
Tractebel DOC Offshore (DOC) has completed construction supervision of the inner array cabling for the Trianel Borkum II offshore wind farm (TWB II). “DOC has always provided the project with the required quality and number of representatives in a flexible manner, thus meeting our expectations in a
Interview: Spotlight on Adaptive Management in Dredging
Rene Kolman is Secretary General at the International Association of Dredging Companies (IADC), the global umbrella organisation for contractors in the private dredging industry. With over one hundred main and associated members, IADC is dedicated to not only promoting the skills, integrity and reli
HitecVision rids of CapeOmega for $1.4 billion
HitecVision has sold its portfolio company CapeOmega, a Norwegian oil & gas and midstream infrastructure company, to Partners Group in a transaction that values CapeOmega at about EUR 1.2 billion ($1.35 billion).
Wallenius, Swedish Orient Line Create New Shipping Company
The new shipping company will service the region around the Baltic Sea.
EMGS Scores New Contract
Electromagnetic Geoservices (EMGS) has received a multi-year call-off acquisition contract from a repeat but undisclosed client. The contract has a minimum value of approximately USD 29.3 million, and a maximum value of approximately USD 73.3 million, over a two- year period. Based on current acquis
The 22nd World Dredging Congress Starts in Shanghai
The 22nd World Dredging Congress & Exposition (WODCON XXII) officially kicked off today at the Shanghai International Convention Center in Shanghai, China. The event is being organized by the World Organization of Dredging Associations (WODA), China Dredging Association (CHIDA) and Eastern Dredging
MASTECH Award for Damen
Albwardy Damen has received an award for its innovative design of the new Damen Multibuster 8020 shallow draught, multi-purpose vessel. The award was presented at the MASTECH international marine technical conference, held on board the iconic QE2 floating hotel in the UAE. Albwardy Damen has been de
Helix Back in Black
Helix Energy Solutions has reported net income of $1.3 million, or $0.01 per diluted share, for the first quarter of 2019 compared to a net loss of $2.6 million for the same period in 2018. Sequentially, results improved from net loss of $13.7 million, or $(0.09) per diluted share. Helix reported Ad
ConocoPhillips taps TechnipFMC for Tor II development
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters.
Blue-GIFT: 1st Call for Ocean Energy Demos
The €2.5 million Blue-GIFT (Blue Growth and Innovation Fast Tracked) project has announced the 1st call for applications. Funded by Interreg Atlantic Area, the Blue-GIFT project is a coordinated ocean energy technology demonstration programme encouraging longer-term demonstration and technology de-r
Danish Start-Up Eyes Fleet Expansion in 2019
Newly formed Cornerstone Maritime plans to acquire more tonnage as it takes over its first tanker.
10 Jobs Up for Grabs as Archer Knight Secures £500K Boost
Asset intelligence company Archer Knight has completed a £500,000 equity raise. Assisted by M&A and financing experts Gneiss Energy, Archer Knight secured the funds from 22 industry investors throughout the global subsea hubs. The Aberdeen based firm will use the capital to help grow its overall ser
Tendeka Sees Growth in North Sea
Tendeka has made a substantial capital investment, led by UKCS growth, in manufacturing facilities, expanding their use of local supply chain and in-house capabilities. The company has more than doubled its work in the UK offshore sector over the past twelve months. Tendeka supplies a range of techn