Business & Finance
Semonite Inks Chief’s Report for New Jersey Study
Lt. Gen. Todd T. Semonite, USACE Commanding General and the 54th U.S. Army Chief of Engineers, has signed the Chief’s Report for the “New Jersey Beneficial Use of Dredged Material for the Delaware River Feasibility Study” – a significant milestone for the proposed project. The signing of the report
CPRA Webinar on Coastal Master Plan in June
The Louisiana Coastal Protection and Restoration Authority (CPRA) will host a technical modeling workshop webinar on Tuesday, June 16 from 1:00 – 4:00 pm. The purpose of the workshop is to provide technical audiences with an in-depth overview of the predictive modeling process and underlying assumpt
U.S. weekly LNG exports decline
The United States exported less liquefied natural gas cargoes in the week ending May 13 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that five US terminals dispatched eleven LNG shipments between May 7 and
Sovcomflot’s quarterly profit surges
Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increa
Albwady Damen Raises the Bar
At the Albwady Damen yard in Sharjah, UAE, two standard cutter suction dredgers CSD500 have been built, the company announced today. These two dredgers mark the anniversary of 10-year building Damen cutter suction dredgers at this yard. “The stationary dredgers, built to dredge at max -14m, are read
Seadrill gets termination for drillship deal
Seadrill has been hit by early termination of a drilling contract for a drillship operating in Southeast Asia.
Sif starts producing foundations for Japanese, French offshore wind farms
Dutch foundation manufacturer Sif has started the production of monopile foundations for the Akita-Noshiro and Saint-Nazaire offshore wind farms in Japan and France, respectively. According to the company’s latest trading update, the production started during the first quarter of 2020, when Sif also
Cobham Drive Protection Works Move Forward
Coastal protection work getting underway this week will help strengthen the most vulnerable section of Cobham Drive from erosion and storm damage, Wellington City Council reports. Over the next five months, a new rock bank – or revetment – will be built between the two roundabouts at Troy Street and
Bermagui Dredging Kicks Off
Dredging work at Bermagui’s river and harbor (Crown Land) began this week to clear navigational channels and remove foreign debris. The clean dredged sand from the river and harbor entrance will be deposited initially onto Horseshoe Bay Beach and then onto Moorheads Beach. The project, funded by $1.
Port of Esbjerg getting €134 million investment for offshore wind facilities
Nordic infrastructure fund Infranode is preparing an investment of up to kr. 1 billion (circa €134 million) for new infrastructure facilities at the Danish port of Esbjerg which will be used for the offshore wind industry. The investment will go into port facilities for storage, preassembly and manu
Hornbeck soliciting support for Chapter 11 filing
U.S. offshore vessel operator Hornbeck Offshore Services has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged Chapter 11 plan of reorganization.
Shelf Drilling books loss over rig impairments, takes action to cut costs
Shelf Drilling booked a loss of $185 million in the first quarter of 2020 due to rig impairment charges and is taking actions to reduce costs and preserve liquidity amid challenging market situation.
Ordtek nets TenneT’s German Bight UXO consultancy deal
UK-based unexploded ordnance (UXO) risk management company, Ordtek, has signed a three-year framework agreement with TenneT for services to be delivered for the German Bight wind farm zone in the North Sea. Ordtek said it would be providing UXO consultancy services and client representation ahead of
Signing of the New Haven Harbor Navigation Improvement Project Report
Lt. Gen. Todd T. Semonite, USACE Commanding General and 54th U.S. Army Chief of Engineers, has signed the New Haven Harbor Navigation Improvement Project Chief’s Report. The existing New Haven Harbor deep draft ship channel, turning basin, and maneuvering area are currently authorized at a depth of