Business & Finance
DP World rolls out digital platforms to facilitate global trade during COVID-19
Dubai-based terminal operator DP World has launched a plethora of online logistics tools and services enabling businesses to book shipments of cargo by any combination of sea, land, and air. The company said the roll-out of the platforms was sped up by the ongoing challenges arising from the COVID-1
Equinor makes changes in exploration leadership
Norwegian oil major Equinor has appointed a new executive vice president of its Exploration division.
Sales drop hurts Oil Search revenue
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search saw its revenue slip in the first quarter of 2020.
Sandbridge Beach Nourishment Progresses
The Sandbridge Beach Coastal Storm Damage Reduction Project’s 2020 renourishment cycle kicked off sand-borrow and placement operations earlier this month. The project is crucial in lessening storm-damage risk to this section of Virginia Beach’s infrastructure, according to USACE. “The nourishment pr
Implementing Sediment Management at the Seashore
The National Park Service (NPS) has published a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for sediment management at Cape Hatteras National Seashore (Seashore). The purpose of the EIS is to develop a streamlined framework for implementing sediment management at the Se
Polish Q1 LNG imports rise
Poland is continuing to increase imports of liquefied natural gas via its only import facility in Swinoujscie as it is looking to reduce reliance on pipeline gas imports from Russia. Poland’s dominant gas firm PGNiG said in a preliminary operating report on Tuesday that it imported 0.98 billion cubi
Valaris may face delisting from NYSE
Another offshore drilling contractor, Valaris, has seen its share value fall below $1 as its operations and contracts are getting delayed or cancelled amid challenging market situation.
Critical Flood Defense Work to Start in Hull
A £42 million tidal flood defense scheme taking place in Hull has started construction work at the city’s historic estuary frontage. This critical work is essential to maintaining and improving Hull’s flood defenses, and is being carried out in accordance with government guidelines for safe working
Spain’s Enagas logs 14.7% profit hike
Spanish LNG terminal operator Enagas reported a 14.7 per cent rise in first-quarter profit as it saw no impact from the Covid-19 coronavirus pandemic. The company said net profit in the first quarter increased to 119 million euros ($128.8 million), up from 104 million euros in the same period a year
DFDS puts 12 ferries in lay-up due to demand drop
Danish ferry and logistics company DFDS has put 12 out of its 50 ferries in layups as a response to a drop in demand prompted by the COVID-19 lockdown measures which have slashed passenger volumes. Since mid-March, DFDS has suspended two passenger routes, Copenhagen-Oslo and Amsterdam-Newcastle, whi
DEME to Begin Poland Dredging Gig
Under a clear blue sky DEME Group cutter suction dredger ‘Amazone’ is setting sail from its homeport in Belgium to Poland to kick-off the dredging works at the Świnoujście – Szczecin fairway. The fairway provides access from the Baltic Sea, starting at the city of Świnoujście up to the Port of Szcze
Council Approves Portland Harbor Dredging Application
The Portland City Council has approved a $20 million federal grant application for the Portland Harbor Commercial Revitalization Project. According to the Portland Press Herald, the $20 million Better Utilizing Investments to Leverage Development (BUILD) grant would pay for roughly two-thirds of the
The Switch: Why can’t governments respond to climate change the same way they did to COVID-19?
The COVID-19 pandemic has changed the way the world functions as governments and leaders across the globe have implemented unprecedented measures to curb the spreading of the virus. The life as we know it changed completely with factory lockdowns, closures of unessential services and stay at home or
Carteret County Beachfill Almost Done
Construction works on Phase II of the Post Florence Renourishment Project are to be completed by April 30th, informs the Carteret County Shore Protection Office. Last Sunday, Great Lakes Dredge & Dock completed pumping sand eastward of the submerged pipeline landing situated near the Sea Dunes subdi