Business & Finance
Wärtsilä’s scrubber order intake takes a hit as fuel price spread narrows
The Finnish technology group Wärtsilä has reported a 12 percent order intake fall during the first quarter of 2020 as a result of the global measures aimed at curbing the spread of the COVID-19 pandemic. The order intake was worth EUR 1.2 billion when compared to EUR 1.4 billion in the same period l
New Pumping Control System from Dragflow
Dragflow has introduced their new Pumping Control System that allows operators and site managers to have a clear vision of the dredging operation. Control Package can be applied to any Dragflow Equipment: from a simple stand alone Pump to a complete dredger, said the company. The system is managed t
Rever Offshore nets Perenco UK contract in North Sea
Rever Offshore has been awarded a major contract from Perenco UK in the Southern North Sea. The contract was awarded as a part of the larger Southern Hub Area Redevelopment Project (SHARP), comprising two campaigns which will take place over the course of the next 18 months. Under the contract, Reve
MHI Vestas launches UK offshore wind apprentice programme
MHI Vestas has launched a new offshore wind technician apprentice programme in northeast Scotland. The apprentices will initially be based at Fraserburgh College Campus (NESCol) carrying out both classroom and workshop activities. This will be followed by practical work experience at offshore wind f
Delonex Energy boss named as new Tullow Oil CEO
Oil and gas company Tullow Oil has appointed a new chief executive officer (CEO) and executive director of the company.
Seismic industry braces for major revenue drop
Seismic industry will suffer the most as a result of the Covid-19 pandemic and the low oil price. According to Rystad Energy, 2020 revenues could fall between 51 per cent and 77 per cent. Exploration spending could drop by more than 20 per cent from its 2019 levels. The hardest-hit area will be the
MARAD bankrolls small shipyards with nearly $20 million
The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $19.6 million in discretionary grants to 24 U.S. small shipyards through the Small Shipyard Grant Program. The funding is aimed at helping modernize America’s small shipyards, making them more efficient in constructi
Eni extends charter for KNOT Offshore’s shuttle tanker
Italian oil major Eni has extended the charter of KNOT Offshore Partners’ shuttle tanker Torill Knutsen.
12th Season of Fox River Cleanup Underway
The dredging operations are currently underway for what is believed to be the final stretch for the Fox River Cleanup Project, the FOX 11 News reports. This cleanup scheme is designed to reduce risk to human health and the environment due to the presence of PCBs – polychlorinated biphenyls – in Fox
Port of Virginia to close one of its terminals amid falling volumes
The Port of Virginia will cease container operations at Portsmouth Marine Terminal (PMT) beginning May 4 as a response to a drop in import volumes caused by the COVID-19 pandemic. “We will integrate the people, the vessel services and containers moving across PMT into the operations at Virginia Inte
Japan’s monthly LNG imports continue to decline
Japanese imports of liquefied natural gas continued to decline this year and they dropped for the third consecutive month in March. Japan, the world’s largest importer of LNG, received 7.2 million tonnes of the fuel last month, down 1.2 per cent from a year earlier. March LNG imports cost Japan abou
Bang Krasan Dredging Nears End
A canal dredging work along Bang Krasan in Ayutthaya, Thailand, is nearing its completion and is set to be wrapped up by April 30, the Bangkok Post reports. The project, inspected by Deputy Prime Minister Prawit Wongsuwon yesterday, is about 98% completed. Bang Krasan is a 2.2-kilometer canal in Ayu
Woodside taps TechnipFMC for Australian subsea job
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract by Woodside for the development of the Lambert Deep and Phase 3 of the Greater Western Flank fields, offshore Australia.
Two New Additions to JEM Marine Barge Fleet
J.E. McAmis, a heavy-civil, marine and environmental contractor, has just released a couple of updates on two new additions to the JEM Marine barge fleet. The San Clemente Island (250′ x 72′ x 15′) just came off of Vigor’s drydock in Portland and is headed back to WCT in Astoria for final outfitting