Business & Finance
Diana Shipping’s CEO has COVID-19
Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested positive for the coronavirus.
Höegh bumps FSRU Independence funds, nabs LNG carrier deal
Höegh LNG has secured an extension and upsizing of its FSRU Independence debt facility as well as an interim time charter for one of its vessels.
Rystad: Oil price drop to slash African state budgets
Africa’s expected production is set to decline for most of this decade and energy-reliant state budgets to take significant hits, as top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55-$60 per barrel, according to energy intelligence firm Rystad E
Shipping Industry Sees Growth in Remote Surveys in Times of Coronavirus Crisis
Remote ship surveys and inspections have become increasingly popular amid the coronavirus crisis.
“Satisfactory” capacity interest in Greek offshore LNG terminal
Gastrade of Greece, the developer of a planned offshore liquefied natural gas import facility at Alexandroupolis, said Thursday that gas firms have submitted “satisfactory” binding bids to reserve regasification capacity at the facility. Key gas market players in Greece and southeast Europe, as well
Dagenham Wharf Dredging Complete
This winter, Land & Water Services worked on a very exciting project at Dagenham Wharf. Their team conducted a large scale dredging campaign at Cemex’s Pier No 8 in Dagenham where 9,500m³ of silt was removed from the riverbed to improve access to the jetty from the River Thames. The dredging works w
EnBW Renewables branch sees 62.2% EBITDA boost in 2019
EnBW reported an adjusted EBITDA of EUR 482.8 million in the Renewable Energies division in 2019, a 62.2% rise compared to the previous year. According to EnBW, the growth is due to the overall improvement in wind conditions at offshore and onshore wind farms in Germany, as well as due to earnings c
Fluxys’ 2019 profit boosted by rising LNG terminal activity
Belgian gas infrastructure company and Zeebrugge LNG terminal operator, Fluxys, posted a rise in profit as the liquefied natural gas import facility reports record activity.
Tsakos: We are in uncharted territory, but we are experts in navigating things
The first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsakos, President and CEO of Tsakos Energy Navigation (TEN). The estimate comes at a very turbulent time for tanker owners marked by oil price collapse after the fallout between Russia and OPEC countries
Collier County Project Enters Final Phase
The Turkey Bay, Wiggins Channel and Caxambas Pass Dredging Project is progressing well, according to the Collier County latest update. In mid-February crews completed work at Turkey Bay and Wiggins Channel then moved to the next phase of the multi-location project. That phase was dredging sand from
Linklaters advises Ørsted on Japanese offshore wind venture
Global law firm Linklaters has advised Ørsted on the strategic partnership with Tokyo Electric Power Company (TEPCO) to establish a joint venture company, Choshi Offshore Wind Farm K.K., in Japan. The special purpose company has been established with the intention to bid for the expected public auct
Clerc: 85 Pct of Maersk’s Global Office-Based Staff Work From Home
The number of Maersk employees working from home has increased considerably amid global lockdown measures.
CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal Link
CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link.
Royal IHC Welcomes New Product – the IHC Otter
Royal IHC has just announced that they are extending their dredging product family with new product, the IHC Otter. The IHC Otter is a range of compact dredgers as platform for deploying the well-known IHC TT-Pump, which provide customers with a compact, cost-effective solution to dredge slurry for