Business & Finance
Van Oord Takes Part in Hansweert Dyke Reinforcement Project
The Scheldestromen Water Board and the Van Oord – KWS consortium today signed the contract for the Hansweert dyke reinforcement project in Zeeland, the Netherlands. The consortium, together with the Scheldestromen Water Board and Witteveen + Bos engineering and consultancy firm, will form the constr
MDL Secures More Than £5M ThinCats Funding
Alternative lender ThinCats has provided a £5.25 million funding facility for Peterhead-based Maritime Developments Limited (MDL). The funding will be used to refinance existing loans and create additional working capital to support MDL in its long-term development plans. The funding represents the
Proserv Names New Chief Financial Officer
Proserv has appointed Julie Thomson as its new group chief financial officer (CFO). Last October, Proserv completed a corporate realignment that saw the formation of two standalone divisions: Proserv Controls, based at the firm’s Aberdeen head office, and Gilmore, a Proserv company, which operates o
COSCO Shipping Specialized Carriers Orders 8 Newbuilds
COSCO Shipping Specialized Carriers ordered eight 62,000 dwt pulp carriers.
Mordialloc Creek Dredging Project Begins
Parks Victoria has begun maintenance dredging in and around Mordialloc Creek entrance following natural sand build up which has created a hazard for recreational and commercial boat operators. In the notice, Parks Victoria said that the dredging works will be carried out by a cutter suction dredge.
BIMCO: Capesize Segment Has Been Hit Hardest by Coronavirus
The Capesize segment was massively impacted by the coronavirus but smaller segments are starting to recover.
Island Offshore hauls in batch of new long-term deals
Norwegian offshore shipping company Island Offshore has secured long-term contracts for several of its platform supply vessels from Swedish oil and gas company Lundin Petroleum.
MTCC CEO Tours Centara Three Island Reclamation Project
The Maldives Transport and Contracting Company Plc (MTCC) CEO, Adam Azim, inspected the progress of Centara Three Island Reclamation Project today. Last year, MTCC signed a contract with a Thailand hospitality management and holding company, Centara Hotels and Resorts, for the reclamation works on t
TORM Bullish on Outlook despite COVID-19, Oil Price Crash
TORM is reaping fruits from one of the strongest starts of a year for the product tanker market.
Several Contracts in British Columbia for Ocean Group
Quebec based marine company Ocean Group, through its related corporations, has been awarded numerous contracts in British Columbia as part of the expansion of its services to clients on Canada’s west coast. “It goes without saying that a great deal of development work has been carried out on the Can
Dredge Yard VIDEO Hard Soil Dredging in Dubai
Dredge Yard’s cutter suction dredger ECO 300 was successfully delivered to their client in Dubai in the last quarter of 2019. This dredger was specifically designed and customized for challenging projects involving hard soil. “Recently, we have received some updates on the project. The dredger ECO 3
KR: HHI Wins AiP for LNG Dual-Fuel Car Carriers
Korean Register grants to the LNG dual-fuel propulsion car carrier developed by Hyundai Heavy.
Schottel Propulsion Units for Germany’s New Research Vessel
The newest addition to German Federal Maritime and Hydrographic Agency (BSH) fleet – survey, wreck-search and research vessel Atair – is equipped with Schottel propulsion systems. Currently under construction at Fassmer in Berne, Germany, the vessel is said to meet the highest environmental standard
Scorpio Offloads Bulker Trio
Scorpio Bulkers has entered into agreements to sell three bulker vessels.