Business & Finance
Restoration of Dune Road Beaches About to Begin
The Federal Government has positioned a dredge near the east end of Dune Road in Hampton Bays to rebuild the beach and dune that has repeatedly washed away in recent storms. Under the Army Corps plan, the dredge will pump 569,000 cubic yards of sand onto the beach during the next month to bring the
USACE Contract for Stantec-Jacobs
Stantec and Jacobs, operating as the Galveston Coastal Services Joint Venture, has been selected by the U.S. Army Corps of Engineers, Galveston District, to design a 26.7-mile-long levee and floodwall system along the coastline near Galveston, Texas. The eight-year, $1.9 billion construction effort,
Saipem Nets Over $500 Million in Contracts
Saipem has won a number of contracts in various countries, mostly related to subsea work, worth over $500 million.
TUI Sells 50 Pct Stake in Hapag-Lloyd Cruises to Royal Caribbean
Germany’s TUI Group is to sell a 50 percent stake in Hapag-Lloyd Cruises to Royal Caribbean.
The Future of Marine Engineering (VIDEO)
Over the last 150 years marine engineering has become dramatically more efficient and effective. Royal Van Oord, a Dutch maritime contracting company, has released a video about the 8 biggest trends for 2038. According to the company, sustainability, innovation, and collaboration are key to facing g
Maersk Line Partners Up with Hamburg’s Software Company
Maersk Line is partnering with Portrix Logistic Software to integrate spot pricing into PLS’ software.
Red Ink for Aker Solutions
Norwegian services player Aker Solutions booked Q4 2019 loss of NOK 148 million, against profit of NOK 178 million in the prior-year comparable period. The result was impacted by restructuring and impairment costs as well as ‘very competitive market’ and contracts taking longer to be awarded. Loss p
Fugro Surveys i3 North Sea Assets
Dutch survey specialist Fugro has recently started a site survey in support of i3 Energy’s planned 2020 drilling program in the UK North Sea. The survey is expected to conclude during February and covers the remaining areas of Serenity and Liberator West’s Minos High structures not covered by i3’s 2
Noble Corporation finds work for its offshore rigs
Offshore drilling contractor Noble Corporation has secured more work for its offshore drilling rigs in Myanmar and Trinidad.
K Line: New Corona-Class Coal Carrier Delivered
Oshima Shipbuilding has delivered Tohoku Maru, a new coal carrier that will work for Tohoku Electric Power.
N-Sea Hits MENA Dive Campaign Milestone
IRM subsea services expert N-Sea has delivered over 200 continuous days of air and saturation diving program in the Red Sea. Awarded by a supermajor operating in the MENA region, the multi-level, twin bell operations started in July 2019. Deployed via dive support vessel the Lichtenstein, the on-goi
Total boosts quarterly profit despite lower price environment
French oil major Total booked an increase in quarterly profit despite a lower price environment as its production grew during the period fueled by new project startups and rampups.
Whakatane River Dredging Begins
Maintenance dredging is expected to be carried out in the Whakatāne River next week, according to the New Zealand’s Whakatāne District Council latest release. Under the cleanup plan, the council will undertake maintenance dredging at the upper end of the navigation channel opposite the Whakatāne Yac
Site Survey Kicks Off at Sofia Offshore Wind Farm
German developer Innogy has marked the beginning of the first phase of Sofia offshore wind farm’s six-month site investigation as the vessel Fugro Pioneer left the Port of Sunderland to survey the project’s 220-kilometre export cable corridor. As part of this phase, both geophysical and geotechnical