Business & Finance

Ciena Beefs Up EIG Subsea Cable System
The Europe India Gateway (EIG) submarine cable system has been upgraded to accelerate and strengthen connectivity between businesses in the UK, Europe, the Middle East and India. Using Ciena’s submarine network solution, the upgrade allows EIG to utilize flexible, express wavelengths, also known as

Jan De Nul Wraps Up Maputo Dredging Operations
Jan De Nul Group has just announced the completion of the maintenance dredging operations in the Port of Maputo, Mozambique. This dredging campaign restored the depths created after JDN’s 2016 capital dredging campaign. Since 2017, the Port of Maputo is open for vessels up to 80,000 tonnes. Jan De N

First Subsea Guards Neart na Gaoithe Inter-Array Cables
First Subsea, part of Aberdeen-based First Tech Group, has secured the inter-array cables protection contract from DEME at the Neart na Gaoithe offshore wind farm. The cable protection system will be designed to protect the cable during installation and during the operating lifespan of the wind farm

Tomini Shipping Registers on Norwegian OTC
UAE-based ship owner and manager Tomini Shipping has registered on the Norwegian over-the-counter (OTC) market in Oslo.

VIDEO: TSHD Ghasha Launched in Kinderdijk
The 8.000m³ trailing suction hopper dredger (TSHD) Ghasha, built for Abu Dhabi’s National Marine Dredging Company (NMDC), was successfully launched today at the headquarters of Royal IHC in Kinderdijk. ”A combination of higher maneuverability, power and new innovations makes Ghasha a new benchmark i

Scientists Enhancing Sea Gliders to Improve Ocean Research
Scientists from the U.S. Naval Research Laboratory’s Ocean Sciences Division are optimizing the placement of ocean gliders and the usage of glider data to improve the Navy’s ability to predict ocean conditions. Researchers frequently use gliders – slow-moving, long-endurance underwater vehicles – to

Cambodia: 781 Westerdam Passengers Test Negative for Coronavirus
Cambodia: 781 passengers onboard Westerdam have tested negative for coronavirus.

Hapag-Lloyd Cheers 80 Pct Higher Operating Profit in 2019
Hapag-Lloyd recorded an over 80 pct increase in earnings before interest and taxes for 2019.

Removing Damaged Coastal Defenses at West Beach
Following a series of extreme storms which have battered the coast, Havant Borough Council has fenced off an area at West Beach, Hayling Island, and will be removing one of the damaged coastal defenses. In the interests of safety, engineers from the Eastern Solent Coastal Partnership (ESCP) will car

Funding Secured for Port Everglades Navigation Project
Federal, state and local elected officials joined local business leaders yesterday to welcome the news that Broward County’s long-awaited Port Everglades Navigation Improvements Project to deepen and widen the port’s navigational channels can now begin with $29.1 million in funding under the Army Co

SGS Acquires Diving Division of TTSA
Subsea Global Solutions (SGS) has acquired the commercial diving division of T&T Salvage Asia (TTSA). The acquisition will serve to enhance SGS’ capabilities in Singapore and strengthen its position in the Asia-Pacific region, the company noted on its social media. Paul Peters, CEO of SGS said: “Thi

Norway Scouts Marine Energy Options in India
GCE Ocean Technology, Innovation Norway and National Institute of Ocean Technology recently held a meeting in Chennai, India to discuss opportunities for Norwegian ocean players. Offshore wind, marine renewable energy and ocean research are topics of essence for both Norway and India and these marke

Namaka Subsea Establishes New Division
Namaka Subsea has launched a new division, Namaka Compliance, to provide three main services namely training, compliance and competence. The first of the services will be training and that will encompass behavioral based safety such as leadership, safety awareness, and skills training such as workin

Performance Shipping Step Closer to Pure Play Aframax Company
Performance Shipping signs a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.