Business & Finance
PHOTO: TSHD Charlock in Farmsum
Van den Herik’s trailing suction hopper dredger (TSHD) Charlock is back at the Niestern Sander shipyard, in Farmsum, the Netherlands. This week only some priority works will be executed at the dock location, after which the dredger will leaver for a project in France. “Later on this year, we expect
Klaipėdos Nafta Secures Financing for FSRU Purchase
The Nordic Investment Bank and AB Klaipėdos Nafta ink a 25-year loan agreement to finance FSRU.
DCSA Rolls Out Cyber Security Guide for Carriers
The Digital Container Shipping Association published a cyber security implementation guide.
New Vessel Handed Over to the Azovo-Chernomorsky Basin Branch
One of the latest additions to the FSUE Rosmorport fleet – the self-propelled hopper barge of project HB 900 named Rabochaya has been handed over to the company’s Azovo-Chernomorsky Basin Branch (ACBB). According to the company, the hopper barge was used earlier by the North-Western Basin Branch. Th
Dredging Under the Centerm Expansion Project to End Next Month
This month, dredging work in the area around Vancouver Container Terminal will continue, informs the Vancouver Fraser Port Authority. In their latest update on the Centerm Expansion Project, the port authority announced that they have received federal approval to continue dredging in the western exp
Brittany Ferries, ESIF Wrap Up Acquisition of Condor Ferries
Brittany Ferries and ESIF have finalized the acquisition of ferry operator Condor Ferries.
CEVA Takeover Affects CMA CGM’s Bottom Line
CMA CGM ended 2019 with significantly increased revenues due to the CEVA takeover but also a high net loss.
Oman Shipping Company Buys Ultramax Pair
Oman Shipping Company has signed a deal to acquire two Ultramax vessels.
MacArtney Adds Two Team Members
MacArtney has appointed Bjørn Joensen and Erik J. Aalbæk to strengthen the Offshore Renewable Energy department in Esbjerg, Denmark. Esbjerg local, Bjørn Joensen joins the MacArtney Group as sales director for Offshore Wind from the SH Group where he worked as the general manager to develop the over
Surge in Work Makes Xodus Double Its Perth Team
Xodus Group has doubled its Perth workforce after a surge in its environmental, field development and subsea work. The company recently secured a major cross-services contract with Beach Energy in Australia. The company is performing the role of integration contractor through the select phase for Be
OPT Boosts Revenue
Ocean Power Technologies (OPT) has reported revenue for the third quarter of fiscal 2020 of $725,000, an increase of $457,000 as compared to $268,000 for the prior-year period. The increase was attributable to revenue generated from the Enel Green Power (EGP) project in Chile project. OPT shipped a
BP awards subsea job in Angola to TechnipFMC
TechnipFMC has been awarded a significant iEPCI contract from BP Angola for the Platina field development, located offshore Angola.
Chief’s Report for Delaware Bay Study Signed
Lt. Gen. Todd T. Semonite, USACE Commanding General and the 54th U.S. Army Chief of Engineers, has signed the Chief’s Report for the “Delaware Beneficial Use of Dredged Material for the Delaware River Feasibility Study” — a key milestone for the proposed project. The signing of the report advances t
Archer promotes chief financial officer to chief executive officer role
Oilfield services provider Archer has promoted its chief financial officer to the role of chief executive officer (CEO).