Business & Finance
Kvaerner management cuts its salaries amid coronavirus crisis
The management team of Norwegian engineering and construction services company Kvaerner has decided to cut its salaries to alleviate the effects of the coronavirus outbreak.
Chevron trims 2020 spending plan by $4 billion
Chevron has made a decision to reduce its 2020 capital spending plan by $4 billion thereby joining many of its peers in drastic measures to mitigate the negative effects of the coronavirus pandemic and the recent plunge in oil prices.
Weinam Creek Operations Underway
Redland City Council is conducting regular maintenance dredging operations in Weinam Creek – Southern Moreton Bay. The Queensland Government Department of Transport and Main Roads (TMR) announced that dredging operations will be conducted from 20 March 2020 to 30 March 2020. In the notice, TMR said
Coronavirus Impact: Vale Temporarily Closes Iron Ore Terminal in Malaysia
Vale has decided to temporarily close Teluk Rubiah Maritime Terminal amid the global coronavirus outbreak.
ORE Catapult Launches Wind Digital Innovations Forum
Offshore Renewable Energy (ORE) Catapult has launched its Wind Digital Innovations Forum aimed at driving forward the digital transformation in the wind energy sector. The Forum, a joint initiative with the Digital Catapult, was launched in February and brings together owners/operators and asset man
Teekay Offshore changes name in support of new vision for sustainable future
Teekay Offshore Partners has changed its name to Altera Infrastructure March 24, 2020.
MOL Sounds the Alarm on 2019 Results
MOL plans to downgrade forecast amid a total of USD 146 million of extraordinary losses.
COVID-19: ICS, IAPH Urge G20 Leaders to Protect Maritime Sector, Global Supply Chains
ICS and IAPH have jointly called on G20 leaders to protect global supply chains from the impact of COVID-19.
Royal Caribbean Secures USD 2.2 Bn Loan to Bolster Liquidity
Royal Caribbean Cruises secures a USD 2.2 billion 364-day secured term loan facility to boost its liquidity.
Ecosystem Services Assessment of the Prins Hendrik Zanddijk
The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Ecosystem services assessment of the Prins Hendrik Zanddijk’. This study examines which and, if possible, how much more ecosystem services are provide
MHI Vestas to Build Wind Turbine Blades in Taiwan
Tien Li Offshore Wind Technology (TLC) has finalised a sub-supplier contract with MHI Vestas to manufacture blades for turbines to be delivered in upcoming Taiwanese projects. Building upon a Memorandum of Understanding (MOU) agreed in March 2018, MHI Vestas has signed a conditional contract with TL
Unix Line Fined USD 1.65 Mln for Oily Bilge Dumping
Unix Line fined USD 1.65 million for concealing illegal discharges of oily water.
Bradford Bay Channel Dredging on the Way
SumCo Eco-Contracting LLC of Peabody Massachusetts, has won a $1.6 million contract to perform maintenance dredging on Waterway of Coastal Virginia Bradford Bay Channel. The channel, located in Accomack County, Virginia, serves as a vital waterway for commercial fishermen and U.S. Coast Guard vessel
Namaka Subsea Adds Operations Manager – Compliance
Namaka Subsea has appointed Jamie Murphy as its new operations manager – compliance. Namaka Subsea launched the compliance division earlier this year to provide training, compliance and competence services. Jamie joins the team with a wealth of knowledge and experience in these key areas. Sandy Harp