Business & Finance
Petrobras looking to cut costs through severance plans
Petrobras has made plans to achieve additional cost reductions through its incentive retirement and voluntary severance programs, which will affect around 3,800 employees.
Spotlight on Monaco Land Reclamation Project
An interesting article appeared in the latest issue of the Van Oord magazine about Monaco’s land reclamation project. With a growing number of people looking to call Monaco their home, this second smallest country in the world has decided to expand its territory by reclaiming land from the Mediterra
Arup names US offshore wind head
Arup has appointed Saygin Oytan to head its offshore wind team in the U.S. As an associate principal in the Boston office, Oytan will lead strategic business development initiatives aimed at expanding Arup’s presence in the U.S. offshore wind market. “We are anticipating major growth in the offshore
Boskalis bolsters salvage capacity with Ardent Americas buy
Dutch offshore contractor Royal Boskalis Westminster has acquired maritime emergency response specialist Ardent Americas thus expanding its foothold in the US maritime salvage market. Ardent Americas is an OPA90-compliant player, which means that it meets the requirements of the Oil Pollution Act of
COVID-19 Pandemic: DEME Charters Hotel Ship
To ensure safe crew changes on board dredgers and offshore vessels during the COVID-19 pandemic, DEME will charter a hotel ship for pre-quarantining as of this weekend. The ship is moored in Ostend, said the company in their latest release. Earlier, DEME took the measure to no longer change crews on
EU LNG import bill hits 16.2 billion euros
The European Union member states paid about 16.2 billion euros for the 108 billion cubic meters of liquefied natural gas they imported last year, according to the Commission’s latest gas market report. Last year’s LNG imports increased by a record 48 billion cubic meters or by 75 per cent when compa
$98 Million Dredging Deal for Callan Marine
Callan Marine Ltd., from Galveston, Texas, has won a $98 million firm-fixed-price contract for dredging, upland placement area rehabilitation, creation of two new beneficial use areas from dredged material, berm dressing and armoring and removal of existing pipelines. According to the US Department
Lotos Shipyard to Build Four Bucket-Wheel Dredgers
Lotos Shipyard (Southern Center of Shipbuilding and Ship Repair of the United Shipbuilding Corporation) in the Astrakhan Region has won a tender for construction of four self-propelled bucket-wheel dredgers, PortNews reports. The construction will be financed under the leasing program of State Trans
BIMCO: Shipbuilding orders spiral down
The shipbuilding sector has been severely impacted by the ongoing COVID-19 pandemic causing the contracting activity to shrink and newbuild deliveries to get postponed. What is more, the demolition activity, which has been pretty dynamic over the recent period, has also ground to a halt amid lockdow
Seadrill gets NYSE listing warning
Offshore drilling contractor Seadrill Limited has been given a continued listing standard notice from the New York Stock Exchange.
Wilmington Ready for Big Ships
The North Carolina State Ports Authority (NC Ports) is now ready to welcome the largest containerships calling on the United States East Coast following the completion of Phase II of the Turning Basin Expansion Project at the Port of Wilmington. The expansion allows the port to accommodate ultra-lar
Sino-Global to take majority stake in Mandarine Ocean
Sino-Global has decided to acquire a majority stake in China’s Mandarine Ocean.
Block Island Dredging Proposed
The U.S. Army Corps of Engineers, New England District, is proposing maintenance dredging of the Block Island Harbor of Refuge Federal Navigation Project (FNP) on Block Island, Rhode Island. The Town of New Shoreham is the sponsor and requested that this project be maintained, said USACE. The propos
Coronavirus crisis: TUI secures German state-backed bridging loan
TUI AG gets an EUR 1.8 billion state aid bridging loan to cope with coronavirus business impacts.