Business & Finance
Higher bunker costs hurt Hapag-Lloyd’s earnings
German shipping major Hapag-Lloyd felt a negative impact of higher bunker prices in the first quarter of this year as it reported lower earnings.
UK extends comment period for proposed CfD changes
The UK government has extended the comment period for the proposed amendments to the Contracts for Difference (CfD) scheme due to the COVID-19 crisis. The consultation period was initially supposed to end on 22 May but has been extended to 29 May to give more time for sending responses. To remind, t
Siemens Gamesa unveils major expansion plans in Taiwan
Siemens Gamesa plans to expand its nacelle assembly facility in Taichung to form a regional offshore wind nacelle industrial hub together with Taiwan-based suppliers. The first project to be supported by the broader manufacturing plant will be the 300 MW Hai Long 2 project, the turbine manufacturer
Fincantieri revising delivery dates with owners to mitigate COVID-19 impact
Italian shipbuilding major Fincantieri is focusing its efforts on renegotiating delivery dates of the secured newbuilding orders in order to preserve the acquired backlog. The majority of the company’s clients are looking at their capital expenditures and the possibility of delaying certain projects
Siemens Gamesa chooses Sif’s site for Hollandse Kust Zuid marshalling ops
Siemens Gamesa has signed a contract with Sif for marshalling activities at Sif’s site in the Port of Rotterdam. The site will be used to support wind turbine installation at the Hollandse Kust Zuid offshore wind farm. The contract, under which Siemens Gamesa’s wind turbines for Hollandse Kust Zuid
Gladstone Marina Dredging on the Way
Gladstone Ports Corporation (GPC) has just announced that there will be a bit more action in the Gladstone Marina than normal in the coming months. GPC will be undertaking essential maintenance works in the Gladstone Marina throughout May, including maintenance dredging and pile replacements. Mainte
SeaMar bags new MMT deal for Deep Helder
Netherlands-based SeaMar Group has secured a new six-month contract from MMT for the offshore support vessel Deep Helder. Deep Helder is a DP2 offshore survey and ROV vessel with 50 berths. The 61-metre-long vessel is suitable for seabed surveys in water depths of 10–2000 metres. The vessel is also
US EXIM bank amends Mozambique LNG loan
The Export-Import Bank of the United States said Thursday it has amended its previously approved loan for the Total-led $20 billion Mozambique liquefied natural gas export project. The bank approved a loan for up to $5 billion in September last year to support the export of U.S. goods and services r
Contract confirmed for operation of stranded Australian FPSO in lighthouse mode
Upstream Production Solutions has been awarded a contract to provide operations and maintenance to the Northern Endeavour FPSO and associated infrastructure located offshore Australia.
SeaBird stays in red despite revenue boost
Oslo-listed SeaBird has recognized net loss of $0.3 million for Q1 2020, against net loss of $0.4 million in the same period in 2019. SeaBird recorded revenues of $25.3 million in Q1, a 105 per cent increase compared to $12.3 million in Q1 2019. Significant part of revenues in Q1 2020 relates to a 3
Descalzi gets third term as Eni chief executive officer
Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.
TV Dredging to Build Dredger for Hoftijzer Verhuur
TV Dredging has been nominated by Hoftijzer Verhuur- en Aannemingsbedrijf to build a new deep suction dredger and booster pontoon. The new custom-build vessel will be used for sand extraction. The in-house engineered vessel – type TVD DSD 35 DE – will have a dredging depth of 37m. The main vessel me
Germans asking for offshore wind CfD and capacity target
The Association of German Wind Farm Operators (BWO) and WAB are calling for a long-term reliable investment and financing framework for offshore wind projects in Germany that would require the introduction of contracts for difference (CfD) and dialogue on a long-term expansion target until 2035. In
Corpus Christi Jetty Repair Set for June
The USACE Galveston District yesterday announced the start of repairs to the entrance jetty of the Corpus Christi Ship Channel located at Aransas Pass. Actual work on the project is scheduled to begin in mid-June. The nearly $39 million contract was awarded to Luhr Brothers, Inc., on Sept. 26, 2019.