Business & Finance
All Set for Expansion Works at the Port of Sines
Following the signing of the contract for the East Breakwater enlargement project, the expansion works of the Port of Sines will begin, thus allowing the port to double the containerized cargo installed capacity. The works concerning the extension of the Port of Sines’ East Breakwater were awarded t
DOF Contract for Optimarin
Ballast water treatment specialist Optimarin has signed an agreement with DOF for the installation of 16 Optimarin Ballast Systems (OBS). The deal comes with an option to extend the contract to 50 vessels in total. This is Optimarin’s biggest single agreement in the offshore segment and will see the
Mott MacDonald Backs Japan’s First Offshore Wind Farm
Mott MacDonald is acting as the lender’s technical advisor on the Akita project, Japan’s first commercial-scale offshore wind farm.
Spotted: Virgin Voyages’ Newest Ship Delivered
Scarlet Lady was delivered to Virgin Voyages at the shipyard in Genoa Sestri Ponente on February 13.
Kvaerner profit dips despite higher revenues
Kvaerner saw its profit drop in the last quarter of 2019 compared to the prior-year period despite increase in revenues.
Canadians Refinance Stake in Germany’s Largest Offshore Wind Farm
Canada Pension Plan Investment Board (CPP Investments) has completed a EUR 510.6 million green bond refinancing of its minority interest in the Hohe See and Albatros offshore wind farms in Germany. In total, over EUR 510 million of senior secured notes were issued on Tuesday, 11 February and placed
Scorpio Bulkers in Sale and Leaseback with Ocean Yield for Ship Trio
Scorpio Bulkers has decided to sell and leaseback three vessels to Ocean Yield.
FY21 Budget Request Includes Full Funding for SHEP
U.S. Senators David Perdue and Kelly Loeffler, U.S. Representative Buddy Carter and the Georgia Ports Authority have applauded President Trump’s budget request for Fiscal Year 2021, which includes full capability funding to keep the Savannah Harbor Expansion Project (SHEP) on track. The Administrati
Prosafe and Floatel give up on merger plans amid financial uncertainty
Prosafe and Floatel have decided to abandon their merger plans amid financial uncertainty and regulatory objections.
Equinor awards new charter deals to Norwegian platform suppliers
Equinor has awarded charter contracts to two platform supply vessels owned by Eidesvik and Havila Shipping.
Protecting the Maurepas Swamp
Louisiana Governor John Bel Edwards announced yesterday that the RESTORE Council has voted to approve $130 million in Deepwater Horizon oil spill dollars to fund the River Reintroduction into the Maurepas Swamp project. Administered by Louisiana Coastal Protection and Restoration Authority (CPRA), t
Port Canaveral Gets $14.1M to Upgrade North Cargo Berth 3
The Canaveral Port Authority (CPA) has been awarded a $14.1 million grant from the U.S. Department of Transportation (DOT) Port Infrastructure Development Program to modernize and expand Port Canaveral’s North Cargo Berth 3. “This is the largest federal grant ever awarded to Port Canaveral, and we t
Total inks five-year deal for processing center with CGG
French marine seismic acquisition company CGG has won a contract renewal by Total for the continued operation of its Dedicated Processing Center (DPC) in Pau, France.
PSA Marine Becomes Owner of Peruvian Tramarsa Flota
PSA Marine has completed the 100% acquisition of Peruvian Tramarsa Flota.