Business & Finance
Work Underway on Napier Port New Wharf
Construction of a new 350-meter-long wharf for Hawke’s Bay started in early February with a ground-breaking and blessing ceremony for workers held at Napier Port. A karakia was performed at the 6 Wharf construction site, along the northern end of the port’s container terminal, for the hundreds of pe
ADNOC awards deals worth $1.65 billion to Petrofac
Petrofac Emirates has been awarded two contracts, together worth around $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.
More Work for Saga Subsea HR & Cable Units
Saga Subsea said that its Human Resource Department together with Subsea Cable Department have been awarded a new contract for one of its main clients. Under the contract, Saga Subsea will supply 25 operators for an ongoing subsea cable project. The work is scheduled to start in the second quarter o
FMS Makes Two Senior Appointments
First Marine Solutions (FMS), an Aberdeen based mooring services provider, has appointed Darren Rendall and Marc Petty as technical director and marine manager, respectively. This announcement follows the recent contract award to provide mooring equipment for BP within the North Sea. Darren Rendall
NG Endurance Wraps Up Sea Trials
Lindblad Expeditions’ first polar newbuild, designed by Ulstein Design & Solutions, National Geographic (NG) Endurance has completed sea trials carried out over the weekend. The polar vessel is soon to return to the shipyard, Ulstein Verft, for the final construction phase before setting off to expl
National Geographic Endurance Aces Sea Trials
The National Geographic Endurance, a new polar expedition ship, has completed sea trials in Storfjorden, Norway.
Semco, ISC and WSP Partner Up for US Offshore Wind
Semco Maritime, ISC Consulting Engineers and WSP USA have established a partnership to collaborate in the offshore wind market in the U.S. According to the parties, the partnership will combine Semco Maritime’s and ISC’s offshore wind farm and substation engineering and construction experience with
PGS to Optimize Fleet with Cognite
Seismic contractor Petroleum Geo-Services (PGS) has entered into an agreement with Cognite to reduce vessel operating costs and improve efficiency. In cooperation with Cognite, PGS has launched two digitalization workstreams aiming at improving fleet performance; refining approaches to optimize fuel
GOGL Refinances USD 284 Mn Loan, Delays Scrubber Installations amid Coronavirus
GOGL refinances USD 284 million loan facility covering 15 vessels.
Transocean books loss, but sees improving longer-term market fundamentals
Transocean has booked a loss for the last quarter of 2019 as its revenues increased. The company has reduced the loss sequentially and year-over-year helped by gain on termination of construction contract, tax items, and disposal of assets
Levin Announces Federal Funding to Help Secure Coastal Bluffs
California Representative Mike Levin announced last week that the U.S. Army Corps of Engineers will allocate $400,000 in federal funding for the Planning, Engineering & Design (PED) phase of the Encinitas-Solana Beach Coastal Storm Damage Reduction Project. The Army Corps also allocated $505,000 for
WATCH: Royal IHC Kits Out Seven Vega
The video posted by Royal IHC shows the company hard at work on the Subsea 7 reel lay vessel Seven Vega, marking a milestone that involved the installation of aligner wheel on top of the pipelay ramp. Royal IHC secured a shipbuilding contract in October 2017, following a letter of intent announced i
MHI Vestas Soon to Reveal Taiwanese Offshore Wind Localization Plan
MHI Vestas is planning to soon reveal its localization plan for the offshore wind sector in Taiwan. MHI Vestas announced the plans after formally signing the preferred supplier agreement for the 300MW Zhong Neng offshore wind project. According to the company, the local industrial partnerships will
MHI Vestas Soon to Reveal Taiwanese Offshore Wind Localization Plan
MHI Vestas is planning to soon reveal its localization plan for the offshore wind sector in Taiwan. MHI Vestas announced the plans after formally signing the preferred supplier agreement for the 300MW Zhong Neng offshore wind project. According to the company, the local industrial partnerships will