Business & Finance
J.F. Brennan Completes Massey’s Ditch Dredging
J.F. Brennan Company of La Crosse, Wisc., has just completed work on the Massey’s Ditch dredging project, reports the Dredging Contractors of America. During the works, more than 100,000 cubic yards of dredged material was removed from channels including the entrance to Baker’s Channel, on the north
Cairns Port Dredging Pays Off Big
Thanks to the Palaszczuk Government’s investment in a $127 million project to widen and deepen the shipping channel, the largest ship ever to enter the Port of Cairns berthed today marking a historic evolution for Far North Queensland’s cruise ship industry. This time last year, the 294-meter-long Q
EDA and DOE Release Joint Blue Economy Funding Opportunity
The Department of Commerce’s U.S. Economic Development Administration (EDA) and DOE’s Water Power Technologies Office (WPTO) have partnered to make new funding available to support growth of innovative blue economy technologies, including marine energy. EDA’s Build to Scale program has made $35 mill
Oilfield services giant Schlumberger to abandon London listing
Oilfield services company Schlumberger has revealed its plans to delist from the London Stock Exchange (LSE) due to low trading volumes and high administrative costs.
Yamal LNG Ships 30 Million Tons of LNG
Yamal LNG has shipped its thirty millionth ton of LNG since the commencement of the project.
Liners, Terminal Operators to Become Shareholders of Global Shipping Business Network
Nine ocean carriers and terminal operators have signed a shareholders’ agreement.
Mahanadi River Mouth Dredging Completed
Chairman of the Paradip Port Trust, Shri Rinkesh Roy, announced today the completion of dredging operations at Mahanadi River Mouth. This work was carried out by a dredger of Dredging Corporation of India Ltd. Chairman, of the PPT during his interaction with the Press today informed that there is a
Orca Oceanic Systems Welcomes New BD Director
Orca Oceanic Systems (OOS) has appointed Stuart Forsyth as its new business development director. Forsyth takes on his new role to spearhead the growth of OOS as he brings with him more than 20 years of experience in the oil and gas industry encompassing both technical and commercial roles. “I am ex
Polarcus Posts Shrinking Losses, Growing Sales in 2019
Marine seismic player Polarcus has cut its deficit in 2019 as improved market boosted the company’s revenues by 44 percent against 2018. The Oslo-listed company reported loss for the 2019 of $10 million, on revenues of $290.6 million, versus loss of close to $32 million and revenues of $202.2 millio
Odfjell Drilling posts smaller profit despite higher revenues
Odfjell Drilling posted a decrease in quarterly profit despite increase in revenues driven by mobile offshore drilling units segment.
Kobelco Unveils New Generation of Excavators
Kobelco Construction Machinery Europe B.V. (KCME) has announced the arrival of the SK140SRLC-7 – a 14-tonne excavator that delivers enhanced efficiency and productivity through harmonization of mechanical power, operation speed and overall machine design. The SK140SRLC-7 is of a new generation of ex
Orion Reports Fourth Quarter and Full Year 2019 Results
Orion Group Holdings, Inc. has reported a net income of $0.2 million ($0.01 diluted earnings per share) for the fourth quarter ended December 31, 2019. “Our fourth quarter was a solid finish to a year of significant progress for Orion,” stated Mark Stauffer, Orion Group Holding’s President and Chief
Polarcus still in red, but riding the wave of strongest backlog since 2014
Seismic services player Polarcus posted a loss of $19 million for the fourth quarter of 2019.
Poles Target Offshore Wind Development Declaration
The Polish Wind Energy Association (PWEA) and the Polish Offshore Wind Energy Society (PTMEW) have established a cooperation to support the development of the offshore wind sector in Poland. The aim of the collaboration is to establish a multilateral Declaration of Cooperation for Polish Offshore Wi