Business & Finance
Newly launched Floating Wind Committee gathers top industry players
Several offshore wind companies and organisations have already become members of the World Forum Offshore Wind’s (WFO’s) Floating Offshore Wind Committee, launched in February 2020. The latest ones to get onboard the committee are Japan’s utility company JERA, French wind energy industry association
Australia supports preparations for 2nd submarine cable into Palau
Australia is providing $561k for a marine survey that will support preparations for a second internet submarine cable into Palau. Australia’s funding builds on the AU$ 2million provided in 2016 to land the first submarine cable and support regulatory and policy reforms in Palau’s information and com
Western Australia pushing for Pilbara LNG bunkering plans
The Western Australian government is pushing forward to create an international liquefied natural gas fuelling hub in Pilbara in a move to reduce carbon emissions. As part of the plan, the WA government is introducing new incentives encouraging ships visiting Pilbara Ports to use cleaner marine fuel
Apollo Bay Dredging Underway
Maritime Constructions announced last week that the dredging operations are well underway at Port of Apollo Bay for the Colac Otway Shire. Colac Otway Shire Mayor, Jason Schram, said that the harbor dredging project involves shifting around 60,000 cubic meters of sand which has accumulated over the
DSC’s New Dredge Sharkuda in Operation
DSC Dredge, a Louisiana based company involved in customized dredging solutions, announced last week that their first Sharkuda is now in operation and the building of its second Sharkuda underway. The Sharkuda Dredge Class is designed to excel in areas otherwise difficult to access; it incorporates
IADC Seminar on Dredging and Reclamation in Delft
For the 60th time, the International Association of Dredging Companies (IADC) will organize its well-known International Seminar on Dredging and Reclamation. With the collaboration of IHE Delft Institute for Water Education, the seminar is set to take place from 7-11 September 2020 in Delft, The Net
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (May 4-10, 2020). Jan De Nul in 2019: Challenging Year for Dredging Jan De Nul Group has just released their business figures for the past year, saying that in line with previous years, 2019 remained a challenging
Ardmore CEO: A second round of strong tanker rates likely
A global oversupply of oil resulting from lower demand due to the COVID-19 pandemic and high production level has seen the unprecedented shortage of storage capacities translating in high rates for floating storage. Tanker owners have been reporting high earnings for the first quarter of this year a
SeaTwirl names new CEO
The Board of Directors of Swedish wind power company SeaTwirl has appointed Peter Laurits, Vice Chairman of the Board, as the company’s new CEO, effective immediately. With Laurits now taking the helm, the interim CEO Peter Schou, who was heading the company during the spring, will work in parallel
DEME Wraps Up San Pedro Job
In Ivory Coast, DEME Group recently completed a challenging capital dredging project for the extension of the Port of San Pedro, the second largest port in the country. “With our trailing suction hopper dredgers ‘Marieke’ and ‘Orwell’ we deepened the access channel and executed land reclamation work
Forum sinks deeper in the red
Forum Energy Technologies has recorded loss in the first quarter 2020 of $37 million, or 33 cents per diluted share, compared to loss of $8 million, or $7 cents per diluted share, for the prior-year comparable period. Sequentially, Forum widened its loss from $11 cents per diluted share, with revenu
Herbicide Treatments Ahead of Dredging at City Park Lake
To prevent a worsening outbreak of algae blooms this summer at City Park Lake in Baton Rouge, LA, a series of herbicide treatments will be applied between May and July, said BREC – the agency that connects people to parks and nature in East Baton Rouge Parish. The mild winter and warm spring resulte
Halliburton cuts another 1,000 jobs. Workforce down by 5,000
With another 1,000 workers laid off earlier this week, giant oilfield services provider Halliburton has decreased its workforce by around 5,000 since the oil price collapse.
First Jones Act compliant offshore wind installation vessel coming in 2023
A consortium led by Dominion Energy is developing a Jones Act compliant installation vessel for the U.S. offshore wind sector. Funded by the consortium, the vessel is set to enter service in 2023 and operate on offshore wind projects located off the East Coast. According to the company, it will be e