Business & Finance
GALLERY: Giant Sleipnir vessel wraps up decommissioning campaign for ConocoPhillips
Earlier this month, Heerema Marine Contractors’ giant semi-submersible crane vessel Sleipnir completed its first decommissioning campaign of the season.
Floatel accounts blocked. Debt payment put off until mid-June
Floatel International, a provider of offshore accommodation rigs, has entered into an agreement with bondholders for an extension of a forbearance agreement until 15 June 2020.
DOF and DOF Subsea reach debt standstill deals
DOF and DOF Subsea have entered into standstill agreements with secured lenders, representing 93 per cent of the secured debt. Pursuant to said agreements, the companies will suspend payments of principal and interest until 30 June 2020. The deals excluded payments on the NOK 100 million credit faci
P4G Getting to Zero Coalition Partnership to map the business case for shipping’s sustainable energy shift
Global Maritime Forum, World Economic Forum, Friends of Ocean Action, International Association of Ports and Harbors, Environmental Defense Fund, and University College London Energy Institute have partnered with global network P4G. The new P4G Getting to Zero Coalition Partnership builds on the Get
Stonepeak enters mezzanine debt with AMP to back Taiwan offshore wind investment
New York-based Stonepeak Infrastructure Partners has entered a USD 145 million mezzanine debt agreement with AMP Capital to support the acquisition of Swancor Renewable Energy and the construction of the Formosa 2 offshore wind farm in Taiwan. “The transaction represents our first infrastructure deb
Jenkins Marine to Dredge Trafalgar Wharf Approaches
A routine maintenance dredging project is about to begin within the Trafalgar Wharf Approaches, informs the Queen’s Harbour Master Portsmouth. The dredging of the Trafalgar Wharf Approaches will be conducted by Jenkins Marine Ltd, commencing on the 19 May 2020. As reported, the vessel conducting thi
Interim chief financial officer of KrisEnergy takes on permanent role
Oil and gas company KrisEnergy has decided to promote its interim chief financial officer (CFO) to a permanent role.
Damen to deliver components package for oil recovery vessel
Dutch shipbuilder Damen Shipyards Group has signed an agreement with Korean-based Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package for a multi-purpose vessel.
Backhoe Dredger Sarb Inaugurated in the Netherlands
National Marine Dredging Company (NMDC) has just announced the inauguration of the backhoe dredger Sarb in the Netherlands. The inauguration comes as a part of NMDC’s international growth and fleet investment strategy which is aimed at positioning the company as a leader in the industry. The contrac
PD&MS wins modifications job on Spirit Energy’s facilities
UK engineering company PD&MS Group has been awarded a new three-year contract with options for a further three-year extension with Spirit Energy.
Odfjell Drilling to idle rig prior to Total gig in South Africa
Odfjell Drilling and Total have agreed to keep Odfjell’s semi-sub rig Deepsea Stavanger idle in Norway prior to mobilising it to South Africa for Total’s drilling operations.
Copenhagen Offshore Partners comes to Vietnam
Denmark-headquartered Copenhagen Offshore Partners (COP) has opened a new office in Hanoi, Vietnam. The office, opened in April, is located within the French Quarters, close to key government ministries, embassies and the national grid operator, COP said. The first two Vietnamese employees joining t
European shipowners: Investments in making fleet greener will no longer be possible after COVID-19
Investments in the reduction of air emissions from ships would no longer be possible in a post coronavirus world, European shipping companies said in a new survey report.
Korean HHIC Opts for Damen
Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package. The package includes all equipment for oil recovery operations as well as a complete dredging installation. The multi-purpose vessel will primarily