Business & Finance
Turbulent waters: Covid-19 and offshore construction
The article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to consider when entering new contracts.
World Marine Offshore buys KEM Offshore assets
World Marine Offshore has acquired all vessels and activities from KEM Offshore. WMO Support A/S, a newly formed entity and a stand-alone company within the World Marine Offshore Group, will acquire KEM’s fleet of 8 vessels. The fleet will be operated and managed on day-to-day from its offices in De
ConocoPhillips reveals plans for more cost cuts amid market downturn
ConocoPhillips is taking further actions to respond to the oil market downturn and it will be making further capital, operating cost, and share repurchase reductions of $3 billion.
Waterking Modular Pontoons for Sweden
Over the last few months, a Waterking’s customer in Sweden has significantly expanded its fleet with their modular pontoons (including coupling material). “With these modular pontoons you can make any desired platform. Now, they have ordered end pontoons which improves the sailing performance,” said
Cleaning Holding Pond in Pennsylvania by Mud Cat
Mud Cat Dredges has just released this beautiful photo of their new Mud Cat MC 40E electric radio remote control dredge system, taken during the cleanup works on a holding pond at a job site in Pennsylvania. Mud Cat was able to provide the dredge immediately from inventory and send a field service t
Chantiers de l’Atlantique looking to partially reopen
French shipbuilder Chantiers de l’Atlantique, mainly active in the construction of cruise ships, is currently in talks with unions on a partial resumption of production activities on April 27. The work resumption would include production activities on vessels as well as those in workshops and would
Dutch Tulip Oil preparing for future wells on North Sea project
Tulip Oil is taking steps in preparation for production increase at its Q10-A gas field located in the Dutch sector of the North Sea.
PHOTO: Damen CSD500 at Basra Terminal
A Damen CSD500 has been working on the Basra Gateway Terminal in Iraq continuously since it was delivered early 2018. The stationary dredger started on the creation of two additional container berths with a depth of -14 m along quay. These berths were completed in 2019 offering the Iraqi port increa
Germany, other EU countries provide COVID-19 liquidity relief to cruise lines
Germany and other European countries would allow cruise lines to pause their repayments of export credit guarantees for one year.
Nominations Extended for WEDA Awards
The Western Dredging Association (WEDA) has extended the due date for award nominations for the Dredging Summit & Expo. These awards will recognize individuals, organizations or project teams for their outstanding contributions in meeting the goals and objectives of WEDA. Three Environmental Excelle
Namaka Subsea appoints technical director UK
Offshore services firm Namaka Subsea has appointed Tom Marr as the company’s new technical director UK. Namaka Subsea has also recently appointed Alan Melia as operations director UK. Marr’s appointment should boost the Aberdeen-based company’s position in terms of technical ability and technical of
Remontowa Completes Nordic Giant Repairs
Remontowa Shiprepair Yard S.A. has just completed repairs of the backhoe dredger Nordic Giant. According to the company, the scope of works on this Boskalis-owned dredger consisted of hull maintenance, painting and dredger equipment repairs. Worth to mention is that Nordic Giant was built in 1999. T
MSC confirms malware attack
Mediterranean Shipping Company (MSC) has confirmed that some of its digital tools and its website were down due to a malware attack. The network outage which was affecting the company’s data centers in Geneva from Friday, April 10, was resolved yesterday. The outage was impacting the company’s digit
Saipem withdraws 2020 guidance over deteriorating market conditions
Saipem has decided to withdraw its 2020 guidance, reserving the right to issue a new one should the market conditions improve.