Business & Finance
TOP Ships Offloads Two More Tankers
TOP Ships has entered into agreements to dispose of an MR2 tanker pair.
NBO Umbilicals for CNOOC Deepwater Project
Ningbo Orient Cable (NBO) said it has recently been awarded the 15.8-kilometer LH 29-2 deep-sea SPS umbilical project by CNOOC Deepwater Development. This is the first deep-water static umbilical project (800 meters water depth, 9 super duplex SS tubes) which realize the production localization in C
Crucial Need to Widen the Houston Ship Channel
Port Houston Chairman Ric Campo yesterday testified before the U.S. House of Representatives Committee on Ways and Means – Subcommittee on Trade, concerning “Trade Infrastructure for Global Competitiveness”. In his testimony, Campo highlighted the critical need to expeditiously widen and deepen the
MacArtney Eyes Future Growth
Denmark-based subsea technology company MacArtney has announced it plans to focus on improving and strengthening the Group’s overall scalability to support future development, after reporting positively on the 2018/19 financial year. MacArtney said that its 2018/19 financials demonstrate a growing t
SES and Optimum Program in Drilling Riser Maintenance Pact
Stress Engineering Services (SES) has entered into an agreement with Optimum Program to form the RiGUARD joint venture. RiGUARD combines SES’ offshore drilling analytics expertise with the Optimum Program data-driven drilling riser maintenance program that delivers drilling riser condition-based mai
Saipem clinches new batch of offshore contracts worth $500 million
Italian oilfield contractor Saipem has been awarded several EPCI contracts in various countries around the world worth over $500 million.
Petrobras charters AET’s newbuild shuttle tanker trio
AET Tankers, a subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad, has been awarded long-term time charter contracts from Brazilian oil major Petrobras.
Stena Line’s New E-Flexer Makes Its Irish Sea Debut
Stena Line’s newest E-Flexer ferry Stena Estrid started service on the Irish Sea route.
Equinor slips to quarterly loss due to impairment charges
Equinor’s financial performance in 4Q 2019 was impacted by lower oil and gas prices and impairments despite record production during the period.
AET Wins USD 525.6 Mln Charter Deal with Petrobras
AET Tanker Holdings wins long-term charter deal with Petrobras.
All Set for Carteret County Beach Renourishment
All preparations for the Phase II of the Carteret County Post Florence Renourishment Project are complete and the site is ready for dredging and sand pumping operations, informs the Carteret County Shore Protection Office. The dredge Liberty Island arrived on Monday (2/3/2020), and is undergoing a m
Equinor Targets Global Offshore Wind Major Role
Equinor is planning to become a global offshore wind major by setting up an ambition to grow its renewable energy capacity tenfold by 2026, to up to 6GW.
DCI Wins Mumbai Dredging Contract
Dredging Corporation of India Ltd (DCI) has won a Naval Dockyard’s (Mumbai) contract for dredging work at the naval sites in Mumbai area. The project involves a one year maintenance dredging program at a cost of $9.3 million. The contract agreement between DCI and Indian Navy was signed yesterday. U
COSCO, OOCL, ONE and Yang Ming to Set Up New Transatlantic Service
Asian shipping giants are to launch a new weekly Transatlantic service, the new East Mediterranean – America service.