Business & Finance

DP World’s P&O Maritime Logistics Orders Ship Pair for Papua New Guinea Ops
Dubai-based P&O Maritime Logistics (POML) is to build two multipurpose vessels for Papua New Guinea ops.

Ruby Princess Passenger Passes Away as Ship’s Coronavirus Infections Rise to 107 People
A female passenger from the Ruby Princess cruise ship, passed away in hospital this morning.

Global Offshore and Balfour Beatty Sign Export Cable Repair Deal
Global Offshore has signed an export cable repair framework agreement with Balfour Beatty Investments and Equitix (BBE), covering the Humber Gateway, Gwynt Y Môr and Thanet Offshore Transmission Owners (OTFOs). The framework agreement, which began in February, covers a total of 152km of export cable

FRPD Opens Burrard Inlet for Larger Vessels
FRPD – Fraser River Pile & Dredge (GP) Inc. recently completed Berm Construction & Dredging Project at Pacific Coast Terminals (PCT), deepening the channel and basin in the Burrard Inlet for larger carriers. Using three types of dredgers, FRPD was tasked with dredging up to 400,000m³ from the Burrar

ITF Asks Maersk to Protect Its Employees amid Coronavirus Pandemic
ITF has called on Maersk to “show responsibility” for all its workers amid the coronavirus pandemic.

Lundin reduces costs to mitigate coronavirus and low oil price impact
Lundin Petroleum is taking measures to mitigate the impact of the coronavirus and low oil price on its operations, including cost cuts and dividend reduction.

Head Energy to hook up two wells on Wintershall Dea’s Brage platform
German oil and gas company Wintershall Dea has awarded a contract for two well hook-ups at the Brage platform offshore Norway to engineering and consulting company Head Energy.

CPRA Unveils This Year’s Recipients of CSAP
The Coastal Protection and Restoration Authority of Louisiana (CPRA) has announced this year’s recipients of its annual Coastal Science Assistantship Program (CSAP). CSAP enables faculty members of Louisiana institutions to fund Master of Science students enrolled full-time at Louisiana colleges and

NOC Welcomes New Associate Director
The National Oceanography Centre (NOC) has appointed Catherine Allen as associate director for Government International & Public Engagement. Allen will join NOC in June from a regional cancer charity, where she is currently chief executive and until 2015 was chief executive of the National Associati

Asco takes control of radioactive waste disposal firm
UK oilfield services provider Asco has acquired NORM Solutions, a provider of specialist cleaning, treatment, and disposal services for oilfield equipment contaminated with naturally occurring radioactive materials (NORM).

Prosafe to claim full contract value after EnQuest cancels rig mobilization
Following EnQuest’s cancellation of mobilization of the Prosafe-owned Safe Zephyrus accommodation rig in the North Sea, Prosafe has said it will claim the full value of the contract.

OOIL Ready for Potential Headwinds
COSCO-owned OOIL wrapped up 2019 with a significant earnings growth despite market uncertainties.

Wallenius Wilhelmsen to Place Up to 10 Ships in Cold Lay-Up, Recycle 4 Oldies as Part of COVID-19 Response
Wallenius Wilhelmsen is taking decisive action to ready for COVID-19 impact on the market.

Hopper Dredge Ellis Island Arrives in Carteret County
As scheduled one the largest hopper dredges in the United States, the Ellis Island has arrived in Carteret County and is now pumping sand on to the Pine Knoll Shores. According to the County Shore Protection Office, the Ellis Island arrived on March 19, underwent environmental testing (mostly relate