Business & Finance

N-Sea Inks Royal Netherlands Navy Deal
Subsea services specialist N-Sea said it has been awarded a contract by the Royal Netherlands Navy. N-Sea will be working with the Navy on mine countermeasure activity, development and training. The work will carried out in preparation for the implementation of the newbuild mine countermeasures vess

EIB Backs Port of Ystad Development Project
The European Investment Bank (EIB) has signed a SEK 445 million (EUR 41.75 m) loan agreement with the Municipality of Ystad to expand harbor facilities, so that new, larger LNG vessels can access the harbor. The port in the southern-Swedish town is a busy connection point to the Polish Port of Swino

RMEC Beefs Up Test Bay Facilities and Creates New Jobs
Oilfield services firm RMEC has invested a six-figure sum in its on-site test bay facilities to maximise demand for its maintenance services as well as support the recertification of its equipment rental fleet. It has also employed two new support staff taking its total headcount to 43. The firm has

Equinor hires two platform suppliers from Skansi Offshore
Faroe Islands-based offshore vessel operator Skansi Offshore has won two contracts from Norwegian oil major Equinor for two platform supply vessels (PSVs).

USACE Meeting on Erosion Control Project at Fort George Inlet
The U.S. Army Corps of Engineers, Jacksonville District, will host a National Environmental Policy Act (NEPA) public scoping meeting on February 19, 2020, regarding a proposed erosion control project at Little Talbot Island and Fort George Inlet. The project is authorized under Section 111 of the Co

PHOTO: Removing Mud from Upper Chesapeake Bay
Great Lakes Dredge & Dock Company (GLDD) is currently doing maintenance dredging in Chesapeake Bay by removing any mud above 36 feet in the channel for ships to pass through safely. As shown on the latest project update photo, mud that was dredged from the Upper Chesapeake Bay and loaded into a scow

Siemens Gamesa Shows 1,000th Direct Drive Turbine Installation (Video)
Siemens Gamesa has shared a video showing the installation of its 1,000th offshore Direct Drive wind turbine.

Maersk Tema Boarded by Pirates off Guinea, Crew Safe
Maersk Tema boarded by pirates while underway off the coast of West Africa on Friday, February 14.

Thenamaris Lifts Option for 4th LPG Carrier at Hyundai Mipo
Thenamaris has declared an option for the fourth in a series of 38,000 cbm LPG carriers.

PHOTO: TSHD River Thames Out on the Sea Again
Following the completion of successful sea trials, the 2.300m³ trailing suction hopper dredger (TSHD) River Thames went out on the sea again for a series of dredging trials, DEME Group announced today. This compact hopper with a small draught will soon reinforce their fleet and is ideally suited for

TGS Names New Chief Financial Officer
TGS has appointed Fredrik Amundsen as the new chief financial officer (CFO). He has been with the company for 16 years and comes from the position as executive vice president (EVP) Europe at TGS. Fredrik joined TGS in 2003 as financial controller and has since served TGS in a variety of capacities.

HHLA Handles More Containers in 2019
HHLA closed the 2019 financial year with a rise in both its container throughput and revenue.

HMM Eyes Improved Performance in 2020
HMM)is bullish on its performance in 2020, relying heavily on its new cooperation with THE Alliance.

Australia Releases Yang Ming Containership from Detention
YM Eternity has been released from detention in Australia, Yang Ming confirmed.