Business & Finance
FSL Trust Finalizes Sale of Aframax Tanker
FSL Shanghai, a crude oil tanker, was sold to Performance Shipping.
DHT Holdings Inks Charters for 6 VLCCs
DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs).
Petrobras trims oil output as low demand bites
Petrobras has joined numerous oil and gas operators in actions to reduce costs amid low oil price environment and coronavirus pandemic. Petrobras has also decided to lower its oil output.
WOSI Replenishment Project Complete
Great Lakes Dredge & Dock Company announced today successful completion of a dredging project at Shinnecock Inlet on Long Island. Works on the $10.7 million West of Shinnecock Inlet (WOSI) emergency replenishment project started in early February. The area first experienced problems last October and
SSEN Wraps Up Jura – Mainland Cable Works
Scottish and Southern Electricity Networks (SSEN) has replaced the submarine electricity cable connecting the Isle of Jura to Tayvallich in Argyll, following a cable fault in November. SSEN connected the new cable to the main electricity network on Tuesday 31 March, returning the network to normal o
Maersk Wraps Up Performance Team Acquisition
Danish giant Maersk closes the acquisition of Performance Team, a US warehousing and distribution company.
TechnipFMC responds to market challenges with plans to cut capex by 30 pct
Oilfield services company TechnipFMC is taking a set of actions in response to the current market environment, including a 30% reduction in capex.
Update: CMA CGM Marco Polo Crew Member Tests Negative for Coronavirus
The crew member on board the giant containership CMA CGM Marco Polo tested negative for the coronavirus.
TSHD Vox Amalia Busy in Den Helder
15 months after the trailing suction hopper dredger (TSHD) Vox Amalia was christened by the Dutch Queen Maxima, the vessel started its first job. This brand new hopper dredger is reinforcing the coastline by Den Helder, The Netherlands. The Vox Amalia has a length of 158 meters, a width of 36 meters
Supergen ORE extends flexible funding call deadline
The Supergen Offshore Renewable Energy (ORE) Hub has extended the deadline for expressions of interest for its second Flexible Funding call. Launched in March this year, the Supergen ORE second round of Flexible Funding aims to advance research into the opportunities and challenges of offshore wind,
Organizational redesign doubles cost savings estimate for Apache
Houston-based oil and gas company Apache Corporation has revealed it would be making greater cost reduction in 2020 than previously anticipated.
AqualisBraemar opens new office to support rig inspection services
Engineering services company AqualisBraemar has set up a new office in the Port of Tyne to support its developing rig inspection services and to be closer to its clients in the northeast of England.
Siemens Gamesa restarts production at Hull factory
Siemens Gamesa has resumed production at its blade factory in Hull today (1 April), after pausing operations on 24 March.
Prosafe still in talks with lenders for long-term financial solution
Prosafe is still working with its lenders to come up with a financial solution to ensure the company’s long-term stability.