Business & Finance
Ørsted’s East Coast Community Fund Gives Back
Ørsted has awarded fourteen organizations from Yorkshire, Lincolnshire and North Norfolk in the UK with grants from the fifth round of its East Coast Community Fund. The East Coast Community Fund was launched in December 2016 as part of Ørsted’s community engagement program for its Hornsea Project O
Ørsted’s East Coast Community Fund Gives Back
Ørsted has awarded fourteen organizations from Yorkshire, Lincolnshire and North Norfolk in the UK with grants from the fifth round of its East Coast Community Fund. The East Coast Community Fund was launched in December 2016 as part of Ørsted’s community engagement program for its Hornsea Project O
BW Group Grows Its Stake in Epic Gas
BW Group increased its stake in Epic Gas to 82.58% with the completion of its voluntary unconditional offer.
Saipem returns to profit on the back of strong offshore division
Saipem returned to profit in the first quarter of 2019 from a loss in the prior-year period thanks to strong performance in the Offshore Engineering & Construction division.
Trafigura Steps into Petrochemicals Market with Altis
Trafigura enters into JV with Altis Group to create a commodity petrochemical trading business.
Icelandic Competition Authority Okays Eimskip-Royal Arctic Line Cooperation
Iceland approves cooperation between Eimskip and Royal Arctic Line.
Shipa Freight: 5 Tech Trends Transforming Freight Forwarding
Here are the five top tech trends which are reshaping freight forwarding.
Transocean secures more work for its rigs, adds $373 million in contract backlog
Offshore driller Transocean has secured more work for its drilling rig fleet, adding approximately $373 million in contract backlog since its last fleet status report in February.
Senvion Secures EUR 100 Million Loan
German wind turbine manufacturer Senvion, its lenders, and main bond holders have signed a binding loan agreement, setting forth terms for a EUR 100 million debtor-in-possession (DIP) facility. According to Senvion, the DIP facility enables the company to continue its business operations following l
Vattenfall Taps Seaway 7 for Hollandse Kust Zuid Job
Seaway 7 has been selected by Vattenfall as one of its partners for the Hollandse Kust Zuid 1 & 2 offshore wind farm project. Seaway 7’s envisaged scope of work includes the transport and installation of 76 monopile foundations and the laying of the inter-array cables and will be led from Seaway 7’s
Navios Acquisition Closes USD 103.2 Mn Sale and Leaseback Deal
Navios Acquisition wraps up a sale and leaseback deal for vessel quintet.
d’Amico Collects USD 48 Mn from Equity Issue
d’Amico International Shipping raised EUR 42.8 million through preferential subscription rights.
PB Tankers ‘Shocked’ to Be on OFAC Venezuela Sanctions List
PB Tankers said it “is shocked and concerned” by the US OFAC action to add the company to its sanctions list.
SME Bags Close to £3.5M for Nova Scotia Tidal Energy Project
Tidal energy company Sustainable Marine Energy (SME) has secured equity investment of £3.46 million to further develop its PLAT-I tidal energy platform system. The Edinburgh-based business has closed its latest funding round, to which the Scottish Investment Bank (SIB) has committed £1 million on be