Business & Finance
Genco to Sell 10 Handysize Bulkers
Genco is planning to sell ten Handysize vessels as part of its fleet renewal scheme.
Getting to Zero Coalition Unveils 4 Focus Areas to Support Shipping’s Decarbonization
The Getting to Zero Coalition identifies 4 focus areas to advance roadmap on shipping’s decarbonization.
Land & Water Team Busy in Kent
Land & Water team is currently on site, working at the Royal Military Canal in Kent where they are desilting a stretch of this waterway. “Not only is the Royal Military Canal a historic piece of infrastructure, it is also a functional flood defense for the local area. As a result, specialist experti
Wellesley takes Dolphin rig for drilling ops offshore Norway
Dolphin Drilling has secured a one well plus one optional well contract with Wellesley Petroleum for drilling work on the Norwegian Continental Shelf.
Maersk Secures USD 5 Bn Loans to Reach Green Shipping Targets
Maersk has secured a new sustainability-linked revolving credit facility of USD 5 billion.
Subsea 7 Hit by Offshore Wind
Engineering and construction specialist Subsea 7 has seen red in the fourth quarter 2019 on activity drop in renewables and heavy lift division. The Oslo-listed firm posted quarterly loss of $129 million, or $45 cents per diluted share, on revenue of $889 million, versus profit of $32 million, or $1
Griffith University, GCWA: Study Protects Blooming Seagrass
A landmark study into the light sensitivity of Gold Coast seagrass meadows has pinpointed how much light these vital sea life breeding and feeding grounds need to grow and thrive, Gold Coast Waterways Authority (GCWA) reports. The study, undertaken by Griffith University on behalf of GCWA, looked at
Plexus Strikes Another Wellhead Equipment Deal With Gusar
Plexus said that its Russian licensee Gusar has placed an order for an additional set of POS-GRIP exploration rental jack-up drilling wellhead equipment. The deal follows the installation of the first POS-GRIP rental gas exploration wellhead in Russia for Gazprom. Plexus’ CEO Ben Van Bilderbeek said
Bluefield Geoservices Names US Managing Director
Subsea geotechnical services specialist Bluefield Geoservices has appointed Bruce Pudney as managing director of its Americas business unit. The news comes as the company rolls out its international footprint in the Americas, initially with two new offices in the US, one in Rhode Island to serve the
AquaTerra buys subsea engineering and technology firm
AquaTerra Group has extended its capabilities with the acquisition of the trade and assets of subsea engineering and technology business SETS.
Shawcor wins work on Woodside’s Sangomar project
Shawcor has said that its pipe coating division has entered into a contract with Subsea 7 to provide thermal insulation coating services for Woodside’s Sangomar Offshore Project in Senegal.
Costa Cruises’ LNG-Fueled Flagship Named in Savona
Costa Smeralda, a new LNG-powered flagship owned by Italian cruise line Costa Cruises, was named in Savona.
Foreship: Scrubber Installation No Longer an Issue of If but of How Fast
An unprecedented surge of inquiries on how scrubbers can be fitted at short notice.
Impairments Weigh on Oceaneering’s Results
Oceaneering has reported a net loss of $263 million, or $2.66 per share, for the three months ended December 31, 2019, despite revenue rise. The result compares with net loss of $64 million same time last year. During the prior quarter ended September 30, 2019, Oceaneering reported a net loss of clo