Business & Finance

Fergus Graham Resigns from James Fisher
Marine services provider James Fisher and Sons sad that Fergus Graham has stepped down from the board and from his role as director of Marine Support Division, with immediate effect. Graham will remain an employee of the company until 19 March 2021. He joined James Fisher in January 2017 as the dire

Ocean Yield Accepts Delivery of Two Scorpio Ultramaxes
Ocean Yield has taken delivery of two Ultramax dry bulk vessels purchased from Scorpio Bulkers.

Lake Seminole Dredging Underway VIDEO
The Southwest Florida Water Management District’s WaterMattersTV has just released this very interesting video about the Lake Seminole Dredging Program. Under the official plan, this three-year dredging project will remove about 54 tons of phosphorus and 311 tons of nitrogen, reducing nitrogen loads

HHLA Forecasts Strong Fall in Earnings from Coronavirus Impact
HHLA expects its revenue and operating result for 2020 to fall considerably below figures reported last year.

JFD Puts Training Courses on Hold Due to COVID-19
JFD has decided to postpone all training courses within JFD’s portfolio in response to the global outbreak of COVID-19. The full training programme will be reintroduced as soon as relevant Governments advice states that it is safe to do so. Those who have booked a training course with JFD that has n

IHC Beaver 45 Performs the Salvage Work
Royal IHC Beaver cutter suction dredgers are genuinely multi-purpose vessels. During a recent storm, a general cargo vessel ZELEK STAR dragged anchor at Ashdod Anchorage, Israel, and after drifting around the vessel finally rested on a beach near port breakwater. According to Reuters, the vessel was

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The coronavirus is turning our daily lives upside down. Contact with colleagues, customers, and suppliers has completely changed and many people are in isolation. One thing is certain; only together we can recover.

Renewable Risk Advisers Wins Minesto Contract
Renewable Risk Advisers (RRA) has secured a framework agreement for insurance broker services from marine energy developer Minesto. The deal, valid for three years with possibility to extend it one more year, will see the UK-based firm provide insurances for renewable marine – tidal energy technolog

Maersk Drops 2020 Guidance amid Coronavirus Uncertainties
Maersk decided to suspend the 2020 guidance on EBITDA pending more clarity on the market development.

Woodside reducing number of workers at facilities to minimize coronavirus impact
Australian energy giant Woodside is reducing the number of workers on its facilities in an attempt to minimize the impact of the coronavirus pandemic.

DOP250 with Cutter Cleaning Romanian Harbor
In the Romanian harbor of Galati, certain spots were in urgent need of maintenance dredging. For this dredging project, a Damen DOP dredge package was recently shipped to the site. The Port of Galati is located on the Danube river. Being the second largest port of Romania, the harbor needs regular d

Australia’s offshore regulator transitions to remote work during coronavirus outbreak
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has taken steps to ensure continued support as the country’s offshore energy regulator during the coronavirus outbreak.

CNOOC chooses new executive director and president
China National Offshore Oil Corporation (CNOOC) has appointed a new executive director and president of the company.

EU: CMA CGM Gets Green Light to Sell Stakes in 10 Terminals
CMA CGM and CMP receive an EU approval for the sale of stakes in ten port terminals to Terminal Link.