Business & Finance
Update on the Entrance Channel Dredging Project
The Central Coast Council yesterday (Wednesday, 18 March 2020) released an update on dredging operations at the Entrance channel. According to the Council, the 2020 dredging program for the Entrance is well underway with technical surveys of the channel and the surrounding beaches completed in the p
GWEC: Global Offshore Wind Capacity Reaches 29GW
The global offshore wind industry installed a record 6.1GW of new capacity in 2019, bringing the total capacity to 29GW, according to the latest report by the Global Wind Energy Council (GWEC). The 6.1GW of new capacity in 2019 represents a 35.5% increase compared to the previous year, which saw 4.5
No dividend and paycuts for top management as Kvaerner readies for coronavirus impact
Kvaerner will propose at its upcoming general meeting not paying dividends and a zero increase in the compensation to the company’s directors. In addition, Kvaerner CEO proposed a 10% reduction to his annual base salary to support the company amid an oil price war and the coronavirus outbreak.
VIDEO: Dredging Works on the River Parrett
WM Plant Hire yesterday released this beautiful video about the dredging operations on the River Parrett. The scheme is being led for Somerset Rivers Authority (SRA) by the Parrett Internal Drainage Board (IDB), working closely with the Environment Agency and Natural England. The aim of the proposed
TSHD Vox Amalia’s First Job at Den Helder
Van Oord’s trailing suction hopper dredger (TSHD) Vox Amalia successfully started its first project this week. At Den Helder, the Netherlands, the brand-new vessel is reinforcing the coastline by placing more than 3.5 million cubic meters of sand in a deep trench just off the coast. The contract was
Major Milestone for Tangier Jetty, USACE Opens Contract Solicitation
Progress towards constructing a navigation improvement project for Tangier Island is hitting a major milestone this month. The Norfolk District, U.S. Army Corps of Engineers, issued a solicitation for an unrestricted, firm fixed price, invitation for bid (IFB) for construction of a jetty located on
Operator shortens Middle East gig for Shelf Drilling’s jack-up rig
A contract for the Shelf Drilling-owned jack-up drilling rig operating in the Middle East has been changed to end sooner than previously agreed.
Oceanside Dredging Nears End
The City of Oceanside Harbor, CA, yesterday released the latest update on their dredging project, saying that as of March 16, Manson Construction has dredged 191,000 cubic yards of sand. There is approximately 160,000 to 185,000 cubic yards left to dredge in the entrance channel. The dredge outlet p
Apply for Blue-GIFT 2nd Call by End-April
The Blue-GIFT (Blue Growth and Innovation Fast Tracked) project 2nd call for applications for ocean energy demonstration will close on the 30th of April 2020. Applications can benefit from an early assessment if the test plan requires a starting date on Q1 & Q2 2020. This project is funded by Interr
Minesto Reports Early Tech Writedowns; But Strong Cash Position
Swedish marine energy developer Minesto has reported net loss for 2019 of close to SEK 126 million ($12.5 million), mostly related to one-off writedowns of previously capitalised technology development. Namely, Minesto decided to write down technology development costs attributed to earlier years, s
Hansel Marine Raises the Bar in Egypt, Two Units HS-55 CSDs Launched
Hansel Marine, a Chinese manufacturer of dredgers and dredging equipment, has announced that two units of HS-55 series cutter suction dredgers (CSDs) were successfully launched earlier this month at a dredging site in Egypt. After one month voyage by the general cargo ship, the dredgers arrived at E
CMHI Haimen Launches One, Cuts 1st Steel for Another SunStone Newbuild
On March 16, China Merchants Heavy Industry (CMHI) Haimen celebrated two milestones.
Hurtigruten to Take All Ships Out of Service amid Coronavirus
As a response to the global coronavirus pandemic, Hurtigruten suspends all operations on the Norwegian coast.
Boskalis Postpones Annual General Meeting of Shareholders
Royal Boskalis Westminster N.V. has just announced that the Annual General Meeting of Shareholders (AGM) will be postponed to 30 June 2020. “In view of the recent developments surrounding the COVID-19 (corona) virus and Boskalis’ concern for the health of its shareholders, management, supervisory bo