Business & Finance
All Set for TSHD Ghasha Inauguration
The inauguration ceremony of the 8000m³ trailing suction hopper dredger (TSHD) Ghasha, built for Abu Dhabi’s National Marine Dredging Company (NMDC), will take place at the headquarters of Royal IHC in Kinderdijk today. Her Excellency, UAE ambassador to the Netherlands, Dr. Hessa Al Otaiba, together
Dolphyn Project Scoops £3.1M UK Clean Hydrogen Prize
Dolphyn project, led by Environmental Resources Management (ERM), has been awarded £3.12 million ($4 million) by the UK Department for Business, Energy & Industrial Strategy (BEIS) to further develop its offshore electrolyser design and obtain the consent for a 2MW prototype facility. The project co
PHOTO: Backhoe Dredger Pinocchio Leaves La Reunion
DEME Group has just released this beautiful photo of their backhoe dredger ‘Pinocchio’ waving La Réunion goodbye, after having completed the works at the Nouvelle Route du Littoral coastal highway. “We performed dredging, gravel bed installation and backfilling works for the 5,400 meter offshore via
i-Tech and Shell Team Up on Subsea Digitalisation
i-Tech 7, Subsea 7’s Life of Field business unit, and Shell have entered into a collaborative technology agreement to accelerate subsea digitalisation, initially for a period of five years from the fourth quarter of 2019. The agreement will help fast-track innovation and streamline the adoption of a
Sonardyne Tech for Earthquake and Tsunami Research
Sonardyne underwater instrumentation is to help scientists across the US better understand and possibly predict earthquake and tsunami risk at a far greater scale. Scripps Institution of Oceanography, through a $5.5 million grant from the US National Science Foundation (NSF), is procuring equipment
Nakilat Boasts Highest Profit Ever
NAKILAT records stellar performance in 2019.
SeaBird to decommission own and recycle seismic equipment to chartered vessel
SeaBird Exploration has entered into a loan agreement, the proceeds of which will be used to outfit a vessel for seismic operations. In addition, SeaBird has decided to decommission one of its own vessels and recycle its seismic equipment to a chartered vessel.
New Loan and Fleet Revamp for SeaBird
Seismic player SeaBird Exploration has secured a three-year credit facility with SpareBank 1. The company said it will use the proceeds from the loan to repay the bond loan expiring in June, and to outfit the vessel Fulmar Explorer for seismic operations. The outfitting project should start in Q1 wi
Tamar River Dredging Nears End
The Tamar River dredging program at Kings Wharf Launceston is nearing its completion, the Marine & Safety Tasmania said in their latest announcement. According to the project update, dredging operations are taking place on the eastern side of the Tamar River adjacent to Kings Wharf. ”Associated pipe
2020 U.S. Army Corps’ O&M Work Plan
The U.S. Army Corps of Engineers recently released their Operation and Maintenance (O&M) Work Plan with the list of funded maintenance dredging projects for 2020. “We could not be more pleased with the Army Corps’s O&M listing of funded maintenance dredging projects for 2020,” said William P. Doyle,
Danish Offshore Wind Cluster Opens Taiwan Office
The Danish offshore wind cluster has established a joint office location in Taipei, Taiwan.
Liners Turn to Surcharges as Reefers Get Diverted amid Plug Shortage at Chinese Ports
Reefer shipments being diverted and relocated amid a shortage of reefer plugs at Chinese ports.
Ystad Gets EIB Loan for Port Expansion
EIB signs a USD 46 million loan agreement to enable the Port of Ystad to accommodate climate-friendly vessels.
Petrofac Lands Dalma Deal
Petrofac has won two contracts, worth approximately $1.65 billion, with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates for Dalma Gas Development Project. The work scope encompasses offshore packages at Arzanah island and surrounding offshore fields, located around 140 kilometers