Business & Finance
Coronavirus Claims the Lives of Two Diamond Princess Passengers
Two passengers from Diamond Princess, who were infected with coronavirus, passed away.
MOL, DSME Join Forces on Cutting FSRUs’ Environmental Impact
MOL, DSME exploring new technology to reduce environmental impact for FSRUs.
Works Kick Off to Rebuild Shute Harbor Marine Facility
Works have begun on site to rebuild the Shute Harbor marine facility, Whitsunday Regional Council reports. The demolition of a section of the existing seawall near Snows Beach has occurred, with construction of the new stepped seawall beginning in this section. The new seawall will take approximatel
ABS to Class World’s Largest Type-B Ethane Carriers
ABS to class world’s largest Type-B VLECs by Jiangnan.
Queen’s Wharf Dredging Complete
The Trinidad and Tobago Inter-Island Transportation Company (TTIT) yesterday announced that dredging works at Queen’s Wharf San Fernando and Caricom Wharf Port of Spain have been successfully completed. As such, the Galleons Passage will return to the Port of Spain Ferry Terminal from Friday, 21st F
Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds
Hunter Tankers AS secures USD 220 million loan facility.
Loss deepens for Valaris
Offshore drilling contractor Valaris booked a bigger quarterly loss as its revenues declined due to fewer rig operating days. Valaris on Thursday reported a net loss attributable to the company of $216 million for fourth quarter 2019 compared to a net loss of $197 million in the third quarter 2019.
Clarkson Acquires Spanish Shiproker Martankers
Clarksons has acquired 100% of the issued share capital of Spanish shipbroker Martankers.
Kongsberg HUGIN AUV for Indian National Institute of Ocean Technology
Kongsberg Maritime has signed a contract for the sale of HUGIN AUV system to the Indian National Institute of Ocean Technology (NIOT), in Chennai, India. This sale has been conducted in collaboration with Kongsberg Maritime India, a subsidiary of Kongsberg Maritime. The HUGIN AUV System ordered by N
Worley scores Mozambique LNG services deal from Total
Australian engineering company Worley has been awarded two master service agreements (MSAs) by French major Total for services on the Mozambique LNG project.
Hunting Buys Enpro Subsea
Energy services group Hunting has acquired Enpro Subsea from members of the Enpro management team and Energy Ventures Private Equity for a total consideration of $33 million. The deal also has a potential maximum earn out of $3.0 million based on EBITDA performance in 2020. The Aberdeen-based busine
Shell orders subsea equipment for Whale project from Deep Down
Houston-based oilfield services company Deep Down has received an order from oil major Shell for work related to its Whale development in the U.S. Gulf of Mexico.
Edwards Announces Second Term Coastal Priorities
Louisiana Governor John Bel Edwards yesterday announced his priorities for the state’s coastal program for his next four years in office. Edwards also announced the state will receive its maximum payment from the Gulf of Mexico Energy Security Act (GOMESA) for the first time. In addition, he committ
EMGS Chairman Resigns
Oslo-listed Electromagnetic Geoservices (EMGS) said that Johan Kr Mikkelsen has resigned from his position as chairman of the board for personal reasons. Mikkelsen’s resignation, who joined the board of directors of EMGS in 2014, and assumed the position of chairman in 2019, is effective immediately