Business & Finance
Lamprell mothballs one yard with plan to focus activities within one location
Offshore construction yard Lamprell is implementing a program aimed at achieving a significant reduction in the group amid a global health crisis. As a result, Lamprell has mothballed one facility with plans to close another one upon completion of current projects.
Carriers took out 3 million TEU from Asia-Europe and Transpacific trades
Responding to the global demand drop caused by the COVID-19 pandemic, container shipping majors have removed a total of 3 million TEU of capacity from Asia-Europe and Transpacific trades combined, the latest data from Sea-Intelligence shows. The Copenhagen-based consultancy focusing on the container
Namaka Subsea appoints operations director UK
Namaka Subsea has appointed Alan Melia as operations director UK. Alan has worked in the diving industry for many years. In his new position, Alan will play a key role to help take the company forward supporting and overseeing projects both locally and globally. “We wish Alan all the very best of su
Changes Anticipated for the Mississippi River Pool 6 Plan
The U.S. Army Corps of Engineers, St. Paul District, will be revising its recently published draft Mississippi River Pool 6 dredged material management plan based on the comments it received during its public comment period that ended April 10. The district does not have an anticipated completion da
IADC Seminar on Dredging and Reclamation in Singapore
This year, from 5-9 October 2020, the International Association of Dredging Companies (IADC) will host their Seminar on Dredging and Reclamation again in Singapore. The Seminar was developed for both technical and non-technical professionals in dredging-related industries, from newcomers in the fiel
API greets OPEC+ deal but sees ‘significant challenges’ ahead
The American Petroleum Institute has welcomed a historic OPEC+ agreement to curb global crude oil production. However, significant challenges remain in the weeks and months ahead, API has said.
Baker Hughes to take $15 billion goodwill impairment charge in 1Q
Oilfield services provider Baker Hughes will be taking a $15 billion non-cash goodwill impairment charge in its first quarter 2020 in response to the significant decline in oil and gas prices and the COVID-19 pandemic.
Murphy Oil CEO resumes duties after returning from medical leave
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has resumed his responsibilities at the company after recovering from what was presumed to be COVID-19.
Founder of Royal Caribbean Cruises dies at 90
Arne Alexander Wilhelmsen, a founder of Royal Caribbean Cruises died on Saturday, April 11, 2020, in Palma, Spain, at 90-years old. Wilhelmsen was a constant influence on the company from its founding, serving more than three decades on the company’s board of directors. “At a time when the rest of t
Workers on SBM Offshore’s FPSO test positive for coronavirus
Dutch marine energy group SBM Offshore has been adapting to the unprecedented situation regarding the coronavirus pandemic and was protecting its workforce by putting in place business continuity measures.
Final Report for Sacramento River Bank Protection Project
The U.S. Army Corps of Engineers Sacramento District has published the final post authorization change report as well as the final environmental impact statement/environmental impact report for the Sacramento River Bank Protection Project. The reports analyze modifications to the long-term project,
Thailand to Use Royal IHC Beaver Dredgers
Royal IHC recently completed simulator training for the dredging crew of the Irrigation Department of the Government of Thailand. This training program was held following the sale of two IHC Beaver 40 vessels. According to IHC, the crew members of both dredgers were able to improve their operational
Historic OPEC+ deal to slash output ends oil price war
After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic.
Queen Pool Dredging Postponed
The massive civil engineering project, which will see more than 300,000 cubic meters of silt removed from the iconic Queen Pool lake, was originally due to take place this month. “However, due to the current restrictions in place due to COVID-19 and the significant global disruption, the project has