Business & Finance
Ørsted faces delays across US offshore wind portfolio
Ørsted’s offshore wind development projects in the US are moving forward at a slower pace than originally expected, the company’s CEO and President Henrik Poulsen said. The delays are due to a combination of the Bureau of Ocean Energy Management’s (BOEM) prolonged analysis of the cumulative impacts
KenzFigee to provide pipe handling cranes for two Spliethoff newbuilds
Dutch offshore lifting equipment provider KenzFigee has been awarded a contract by Amsterdam-based shipping company Spliethoff for the delivery of pipe handling gantry cranes for their two newbuild multipurpose DP2 B-type vessels, currently under construction at the Mawei Shipyard in China.
Elmer Coastal Protection Scheme Nears End
Works on a coastal defense scheme in the West Sussex village of Elmer are nearing completion, Mackley informs. The Elmer Coastal Defense Scheme is being carried out by Mackley, working as part of Team Van Oord, on behalf of the Environment Agency, Arun District Council and Elmer Sands Limited. The p
Dredging Kicks Off in Lancelin
Beaches at Lancelin, Perth, Western Australia, will be widened with the sand from the Department of Transport’s latest maintenance dredging campaign in the area. Department of Transport (DoT) Maritime General Manager, Steve Jenkins, said that maintenance dredging, last completed in 2017, would resto
Spanish port looking at LNG bunkering
The Port Authority of Almeria has launched a feasibility study as it is looking to start supplying liquefied natural gas to ferries using the truck-to-ship bunkering method. The Spanish port authority awarded a contract to a local engineering firm to provide technical assistance for the assessment a
Fehmarn Belt Tunnel Works Begin in January 2021
Femern A/S is activating the main construction contracts with Femern Link Contractors (FLC) with effect from January 1, 2021. the project owner said in their latest release. This means that construction of the large scale tunnel element factory at Rødbyhavn can get underway. November 2019 saw the st
Ørsted posts strong results, sees no significant impact from COVID-19
Leading offshore wind developer Ørsted reported an operating profit (EBITDA) of DKK 6.8 billion (EUR 912 million) for the first quarter of 2020, a 33 percent increase compared to the same period the year before. Net profit amounted to DKK 3.3 billion and return on capital employed (ROCE) came in at
Korean shipbuilding majors reveal Q1 figures as ordering plummets amid Coronavirus woes
South Korea’s two shipbuilding heavyweights, Korea Shipbuilding & Offshore Engineering Co and Samsung Heavy Industries have released their business performance figures for the first quarter of 2020. Korea Shipbuilding & Offshore Engineering Co posted a net profit of ₩ 1.64.9 billion ($ 135.3 million
Muskegon Breakwater Connector Works Remain on Schedule
Repair operations on the Muskegon South Breakwater Connector in Muskegon, Michigan will remain on schedule, the U.S. Army Corps of Engineers, Detroit District, announced yesterday. Additional armor stone placement, demolition of the structure’s surface and placement of a new concrete cap are taking
New Sand Arrives on Wyomi Beach
Kingston District Council, South Australia, said in their latest release that they have been successful in receiving grant funding from the Coast Protection Board to implement strategies to minimize erosion risk in vulnerable areas at Wyomi Beach. This funding had originally been sourced for the ins
Shell Rock Update on Fountain Lake Confined Disposal Facility
Shell Rock River Watershed District has just released the latest update on their Fountain Lake Restoration Confined Disposal Facility (CDF), saying that the dredged material from Fountain Lake is pumped through a 14″ pipe to the CDF, a dewatering site. Three adjacent cells spanning over 100 acres ar
Floatel gets charter extension on Martin Linge field
Equinor has extended the charter for a Floatel International-owned accommodation rig for operations on a field offshore Norway.
India boosts March LNG imports
India’s liquefied natural gas imports in March increased by 20.4 per cent when compared to the same month before. India imported 2.87 billion cubic meters of LNG last month compared to 2.38 billion cubic meters in March 2019, data from the oil ministry’s Petroleum Planning and Analysis Cell shows. D
Crucial Step for NY & NJ Harbor Study
A U.S. Army Corps of Engineers study aimed at improving navigation and generating transportation-cost savings for deep-draft ships using New York and New Jersey Harbor terminals reached a key milestone Thursday. Lt. Gen. Todd Semonite, chief of engineers and USACE commanding general, signed a Chief’