Business & Finance
Tokio Marine Adds GCube
Tokio Marine has signed a purchase agreement to acquire renewable energy risks specialist GCube. GCube is one of the world’s largest underwriters of renewable energy, covering wind, solar, bio, hydro, wave and tidal projects globally. The business writes global property and liability cover for renew
Van Oord Opts for Marlink VSAT Connectivity in Indian Waters
Van Oord has selected Marlink’s high throughput VSAT for connectivity in Indian territorial waters, through an agreement with India’s licensed Inflight Maritime Connectivity (IFMC) service partner, Nelco Ltd. The contract for Marlink’s SeaLink VSAT service was signed after the successful conclusion
Seahouses Main Pier Restored
Work is complete on the restoration of the main pier in Seahouses after a multi-million pound improvement project, informs the Northumberland County Council. The £3m scheme, which was led by the Council and fully funded by the Environment Agency, involved the whole pier being “re-skinned” to ensure
Apache redesigns organizational structure
Oil and gas company Apache Corporation has made several changes to its executive team.
TechWorks Marine Starts New ESA Contract
TechWorks Marine and ESA’s Phi-Lab have joined together to develop an innovative coastal monitoring solution – CoastEO. CoastEO will provide a seamless data collection method and information platform which facilitates easy access to in-situ coastal water measurements and associated validated EO info
World Ports Conference 2020 Canceled due to COVID-19 Fears
IAPH has canceled the 2020 World Ports Conference, which was due to be held from March 17 to 19 in Antwerp, Belgium.
TSHD Ghasha Launching Ceremony VIDEO
The 8.000m³ trailing suction hopper dredger (TSHD) Ghasha, built for Abu Dhabi’s National Marine Dredging Company (NMDC), was successfully launched on February 19, 2020, at the headquarters of Royal IHC in Kinderdijk. The new TSHD has a number of innovations, including an enlarged hopper capacity an
Prysmian Cables for French Grid Connection
Italian cables giant Prysmian has secured a contract from the French transmission system operator RTE for two subsea and land export power cables to connect the offshore wind farm between the islands of Yeu and Noirmoutier to the French grid. The grid connection project will be able to export 500 MW
MTCC to Build New Harbor at S. Hulhudhoo
The Maldives Transport and Contracting Company Plc (MTCC) has won a contract to design and construct a new harbor at S. Hulhudhoo in the Maldives. The project agreement was signed between the government and MTCC at a ceremony held on March 1. Permanent Secretary of Planning Ministry, Zeeniya Hameed,
Coronavirus Pushes Japanese Cruise Operator into Bankruptcy
A Japanese cruise operator has been forced to file for bankruptcy due to the coronavirus outbreak.
PSA Issues Safety Rules for NCS CO₂ Transport and Injection
The Petroleum Safety Authority Norway (PSA) has now issued regulations covering safety and the working environment when transporting and injecting CO₂ on the Norwegian continental shelf (NCS). Areas of application for these regulations will include the government’s full-scale demonstration project f
Hornsea One Boosts Ørsted’s Full-Year Guidance
Ørsted has reported an increase of DKK 1 billion (circa EUR 134 million) in its full-year EBITDA guidance due to updated assumptions regarding the divestment of the transmission asset for the Hornsea One offshore wind farm. The Danish company said it now expects EBITDA excluding earnings from new pa
Hornsea One Boosts Ørsted’s Full-Year Guidance
Ørsted has reported an increase of DKK 1 billion (circa EUR 134 million) in its full-year EBITDA guidance due to updated assumptions regarding the divestment of the transmission asset for the Hornsea One offshore wind farm. The Danish company said it now expects EBITDA excluding earnings from new pa
Maersk Launches USD 1.5 Bn Share Buyback Program
Mærsk has decided to initiate a share buy-back program of up to USD 1.5 billion.