Business & Finance
Euronav Sells One of Its Oldest Suezmaxes
Euronav NV has decided to dispose of one of its oldest Suezmax vessels, the 2003-built Finesse.
Reach Subsea Sinks Deeper in Red
Norwegian contractor Reach Subsea has widened its quarterly loss as utilization of assets fell against prior-year comparable period. For the fourth quarter 2019, Reach booked loss of close to NOK 25 million on revenues of NOK 107 million, versus loss of NOK 6 million, on revenues of NOK 190 million
Closure of Ohio & Erie Canal Towpath Trail Section Extends
The National Park Service (NPS) will extend the closure of a section (between Station Road Bridge Trailhead and Frazee House) of the Ohio & Erie Canal Towpath Trail in Brecksville and Valley View. The trail section was closed February 10-21 for canal dredging, and additional time is needed to comple
DP World Acquires Multipurpose Deep-Sea Marine Terminal in Canada
DP World completes the acquisition of Fraser Surrey Docks.
Helix Swings to Quarterly Profit; Hikes Full-Year Result
Helix Energy Solutions has reported net income of $7.9 million, or 5 cents per diluted share, for the fourth quarter of 2019 compared to $13.7 million loss or 9 cents for the same period in 2018. Sequentially, profit fell from $31.6 million of 21 cents per diluted share. Fourth quarter revenues were
South Hayling Beach Recycling Campaign Underway
After successfully securing funding from the Environment Agency, Havant Borough Council is carrying out the next beach recycling campaign along the Eastoke frontage. The aim of this campaign is to reinstate the beach to the 1:200 year design standard of protection, reducing the risk of coastal flood
Lithuania Starts Prepping Offshore Wind Recommendations
Lithuania’s Offshore Wind Power Development Task Force has started preparing recommendations for the development of offshore wind in the Baltic Sea.
MMT Welcomes New HSEQ Manager
MMT, a services provider for the the oil & gas, renewable energy and interconnector industries, has appointed Malin Abenius as HSEQ manager of the company. Malin will start in the new role on March 16, the company informed through social media. Malin Abenius said: “I am delighted to join the positio
Preparations Underway for Rudee Inlet Dredging
The U.S. Army Corps of Engineers Norfolk District’s navigation team arrived at Croatan Point in early February to replace pilings and a floating dock in preparation for the next iteration of dredging. Located at the south end of the Oceanfront, the Rudee Inlet is a hub for fishing charters, jet skii
Pool 6 Dredged Material Plan Available
The U.S. Army Corps of Engineers, St. Paul District, has released its draft Environmental Assessment (EA) for a proposed dredged material management plan in Pool 6, near Winona, Minnesota, and will accept comment on it through March 9. The draft plan outlines the transportation and land requirements
Baltimore Dredging Kicks Off
The U.S. Army Corps of Engineers, Baltimore District, has begun dredging approximately 5.5 million cubic yards of material from six channels associated with the Baltimore Harbor, ensuring continued safe navigation for vessels going in and out of the Port of Baltimore. The Corps awarded two contracts
SeaView Systems and Consolidated Ocean Technologies Team Up
SeaView Systems and Consolidated Ocean Technologies (CoTs) have enetered into a strategic partnership to exploit their complementary capabilities for certain service-oriented projects. CoTs’ personnel are experts in subsea technologies and are said to have over 150+ years combined experience in deve
SubSea Networks Backs NO-UK Cable Project
SubSea Networks and NO-UK announced today that the supply contract for the NO-UK Submarine Cable System linking Norway and England has come into force. The NO-UK system is now under construction, with a ready for service date at the end of 2021. The cable will provide eight high capacity fibre pairs
Q-LNG Gets USCG Approvals for Variant Design Bunkering Vessels
Q-LNG has received USCG design basis acceptance and regulatory approvals for bunkering vessels.