Business & Finance
Viking Halts Cruises due to Coronavirus Pandemic
Viking will temporarily suspend cruise operations until May 1, due to the coronavirus pandemic.
US Offshore Wind Could Create Up To 83,000 Jobs – Report
Developing 30GW of offshore wind along the US East Coast could support up to 83,000 jobs and deliver USD 25 billion in annual economic output by 2030, according to a report released by the American Wind Energy Association (AWEA). Market projections anticipate 20GW to 30GW of offshore wind capacity w
Helix Modifies Loan Deal
Houston-based offshore services and robotics specialist Helix Energy Solutions has amended its existing credit agreement with Nordea Bank ABP and the lender parties related to its Q5000 vessel. The credit agreement from September 2014, has been adapted to extend the final maturity date of the term l
Sacramento River East Levee Contract Awarded
The U.S. Army Corps of Engineers’ Sacramento District recently awarded a $64 million construction contract to Maloney Odin Joint Venture of Novato, California, for nearly three miles of levee improvements along the Sacramento River East Levee. This project will kick off major construction in the reg
Pacific Drilling lands new job for drillship in Mexico
Offshore drilling contractor Pacific Drilling has secured a new contract in Mexico for its drillship Pacific Sharav.
NACKS Hands Over Ultramax Bulker
Market Cooper, a 61,000 dwt bulk carrier newbuild, has been delivered to its owner, KHI said.
Jadestone Energy to de-list from Canada stock exchange
Jadestone Energy has stated that the final day of trading for its common shares on the Calgary-based TSX Venture Exchange will be March 24, 2020.
West Shore Lake Pontchartrain Meeting in April
The U.S. Army Corps of Engineers, New Orleans District, will host a public meeting to present updates to the West Shore Lake Pontchartrain project. The project will provide 100 year level risk reduction to the area extending from Bonnet Carre spillway to Garyville. At the April 2nd event residents w
Sandvik Divests Drilling and Completions Unit
Engineering group Sandvik has completed the divestment of Sandvik Drilling and Completions (Varel) to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments. Sandvik will remain a minority owner of 30% of the company and hold a position on the boa
Diamond Offshore hires Logan for rig upgrades and repairs
Hydraulic repair, manufacturing, and rental company Logan Industries has signed a ten-year contract to provide a condition-based monitoring (CBM) program for wireline tensioners for drilling contractor Diamond Offshore.
OOCL Orders Five 23,000 TEU Giants in China
Orient Overseas Container Line Limited orders five 23,000 TEU boxships at COSCO yards in China.
Seatronics Relocates Headquarters to Westhill
Seatronics, an Acteon company, is relocating its headquarters to Westhill, Aberdeen, after over 40 years based in Bridge of Don. The facility spans over a total of 55,000 square feet footprint including a calibration lab, electronic test lab, development office and a 6m x 5m x 4.5m test tank. “The r
Caterpillar Unveils Two New Excavators
Caterpillar has launched two new 13-ton class Next Generation excavator models – the Cat® 313 and 313 GC – with new features that elevate machine performance, increase efficiencies and lower owning and operating costs. As reported, the new 313 excavator boasts increased power and a range of standard
Marinakis Diagnosed with Coronavirus
Greek shipping magnate Evangelos Marinakis has tested positive for the coronavirus.