Business & Finance

Offshore Progress Ready for Action
Acta Marine’s Crew Transfer Survey Vessel (CTV) Offshore Progress was successfully loaded onto container vessel APL Detroit on the island of La Réunion on March 31 for transport to Rotterdam. Offshore Progress has been working on the construction project for the Route du Littoral since 2016. As the

Dredging Plough – 20 Tons of Steel by Straatman
Machinefabriek L. Straatman BV is currently producing a dredging plough with a total length of 14 meters and a weight of 20 tons. “We received the order to produce this big plough from a local tug and workboat company specialized in dredge support. Based on a typical design our dredging engineer exe

Rovco Makes New Appointments
Rovco has made a number of key executive team hires and internal appointments, which will be based in Bristol and Edinburgh. Reena Rowan has been appointed as chief financial officer at Rovco. She has previously held senior finance positions within Innogy and a number of PE-backed organisations acro

Cruise Shipbuilding Boosts Fincantieri’s Revenues
Fincantieri closed 2019 with record revenues driven by a significant increase in cruise ship production volumes.

Siport21 Assesses Tarragona Nautical Feasibility
The port-maritime engineering company Siport21 has assessed the nautical feasibility of the Baleares dock of the Port of Tarragona, Spain. This study will allow the access of large cruise vessels – phase I – and large bulk carriers, in phase II of the construction. The aim of the project was to anal

Virtual Surveyor VIDEO Sand Pit Dredging Operations
Virtual Surveyor has just released this amazing video, showing how to use drone surveying to support sand pit dredging operations. Sand pits are often wet and certainly dynamic environments. Frequent monitoring is a must, and drone surveying is the right tool for that job. Drone surveying provides a

Tideway Dredging Deptford Creek
Huge excavators positioned on jack-up barges on Deptford Creek have been dredging the riverbed to prepare for tunnelling in Greenwich, reports the Tideway – the company delivering the Thames Tideway Tunnel. The operation is a key part of Tideway’s work in south-east London to clean up the River Tham

Eastland Port Dredging Underway
Eastland Port’s dredger Pukunui is going about its work in the bay, maintaining the depth of the channel. “Eastland Port, like all ports in New Zealand, is designated an essential service by the government for COVID-19 Level 4,” said chief operating officer Andrew Gaddum. “We’re required to keep the

World’s Largest Containership to Start Sailing at the End of April
The delivery of 24,000 TEU containerships to HMM will not be delayed.

IRClass: 1st Ship Classed under Lebanese Flag
Ship classification society Indian Register of Shipping (IRClass) has classed its first vessel under the Lebanese flag.

Searcher Finalizes 2D Data Reprocessing in Argentina
Searcher has completed the reprocessing of an additional 8,008 kilometers of 2D seismic data offshore Argentina as part of the Argentina Super-Tie 2D Reprocessing Project. The expanded coverage over the Malvinas and Austral Basins adds to Searcher’s existing data in the area, comprising over 19,000

Salary, headcount, and capex reductions ahead as Wood braces for lower activity levels
Wood has decided to implement salary, headcount, and capex reductions as a response to the volatile market conditions. Wood will also be withdrawing its final dividend recommendation.

Total charters Havila platform supplier in UK
Havila Shipping has agreed another contract with Total in the UK for the platform supply vessel Havila Commander.

Polarcus Records Drop in Vessel Activity in Q1 2020
Polarcus, a Dubai-based seismic contractor, has recorded a decrease in its vessel utilization in the first quarter of 2020. The vessel activity decreased from 92 percent in Q1 2019 to 89 percent in Q1 2020. According to Polarcus’ update, on a contracted basis the vessel utilization dropped to 80 per