Business & Finance
Work Progressing on Timor-Leste’s New Container Terminal
Work is progressing well on Timor-Leste’s new $490 million deepwater container port, reports BMC Line Shipping. The company announced that the main contractor is shipping the first batch of steel pipes for the construction of new port this week. Chinese state-owned construction group China Communica
India’s ONGC to extend charter for Bumi Armada FPSO
Malaysian FPSO operator Bumi Armada has received an extension of a charter contract for its Armada Sterling FPSO from India’s ONGC.
Monjasa reaps fruit from IMO 2020 preparations
Danish bunker company Monjasa reported an improved business performance on the back of the sulphur cap regulation that entered into force on January 1, 2020, marking a global transition of ships to cleaner fuels. The company said that its volumes were up by 10 per cent reaching 4.5 million metric to
SSE Renewables issues roadmap to tackling offshore wind deployment barriers in UK
SSE Renewables has warned that the cost of offshore wind will not be the reason for the UK missing its target of 40 GW of offshore wind capacity by 2030, but rather the significant barriers to deployment, many of which are increasing. The barriers the industry is currently facing range from consenti
Noble Energy makes further spending cuts
Noble Energy has further reduced its 2020 capex, executive team salaries, and implemented a furlough program for employees.
Vattenfall champions UK offshore wind supply chain rejig
Vattenfall is calling on the UK government and offshore wind industry to make different procurement approaches so more local businesses are able to supply new-generation projects. In its Norfolk Vanguard and Norfolk Boreas Offshore Wind Supply Chain: Opportunities and Expectations Workshop Report, V
Sea Bright to Long Branch Beachfill Project (VIDEO)
The U.S. Army Corps of Engineers, New York District, recently released a video about the Sea Bright to Long Branch Beach Restoration Project. In the video, Jason Shea, project manager, USACE New York District, discusses the ongoing beach restoration work as part of the Sandy Hook to Barnegat Inlet N
Two players team up to develop energy solutions in push to reduce carbon footprint
The Energy Market Authority (EMA) and Keppel Offshore & Marine have established a $10 million partnership and signed a Memorandum of Understanding (MOU) to develop energy solutions in the areas of distributed energy resources, digitalisation, and emerging low carbon alternatives.
Baars Pontoon for the IJmuiden Sea Lock Project
Baars Charter BV – a company specialized in the rental and sale of modular pontoons, dredging containers, split and hopper barges – recently supplied one of its pontoons for the IJmuiden Sea Lock Project in the Netherlands. According to the company, this large 17 x 36 meter modular container pontoon
Grab Dredger Jette Saj Busy in Frederikshavn
Port of Frederikshavn, Denmark, has just released this beautiful photo of the grab dredger Jette Saj during the first deepening before the establishment of the new quay area by Østre Kaj. The project includes the establishment of a ship quay with a total length of 225 meters, of which the 200 meters
Lundin extends credit line as exploration costs and forex loss creep in
Lundin Energy has secured a further credit commitment to provide the company with further financing flexibility amid expected exploration costs of $28 million and forex loss of $359 million in 1Q 2020.
Cairns Dredging Report Reveals Thriving Seagrass Meadows
Dredging carried out for the Cairns Shipping Development Project has had no adverse impact on the seagrass meadows in Trinity Inlet and some areas have actually expanded during operations, a new report has found. In another major find, seagrass distribution across the larger port limits covers the s
MMT appoints business development director
Marine surveying specialist MMT has promoted Phil Wilson to the role of business development director. Wilson is based at MMT’s UK office and has previously held the position of senior sales manager. In that role, Phil has also been involved in MMT’s business development in other geographical areas.
Canada’s Ocean Supercluster adds new team member
Canada’s Ocean Supercluster has appointed Pascal Milord as technology leadership program manager. Pascal has extensive experience in project management and innovation in manufacturing, marine technology, and offshore sectors. He particularly focuses on marine navigation systems, offshore and subsea