Business & Finance

New Identity for N-Sea – BODAC UXO Joint Venture
N-Sea and BODAC have announced the new identity of their existing joint venture (JV). Following a multi-million euro investment in the specialist UXO provision, the JV will now trade as UXOcontrol. UXOcontrol will continue to offer the global energy sector UXO risk solutions supported by expertise,

EU Okays CMA CGM-CIMC Joint Venture
The European Commission approves the formation of JV between CMA CGM and CIMC Neocontainer.

Construction of Helston’s new £2M Flood Scheme on the Way
The Environment Agency will start work on the new £2 million Helston (River Cober) flood defense scheme this month. It will include new flood defenses along the east side of the River Cober, a road ramp at the end of Mill Lane, earth embankment from Mill Lane to St Johns Road Bridge and rendered flo

Ryder Geotechnical Wraps Up Kriegers Flak OWF Boulder Interaction Study
Ryder Geotechnical, a Tekmar Group company, has supported Jan De Nul Group with the delivery of a spudcan boulder interaction study for the 600 MW Danish Kriegers Flak offshore wind farm (DKF) located in the Danish Baltic Sea. The study quantified the risk of surface and buried boulders to the Vole

SeaMar Buys Alaborg Offshore Services
The Dutch SeaMar Group has acquired the vessel owning company Alaborg Offshore Services BV.

Principle Power Reveals New Brand Identity
Principle Power has unveiled a new brand identity and logo as part of a rebranding initiative that embodies the company’s new stage in the deployment and commercialization of its floating wind technology.

Principle Power Reveals New Brand Identity
Principle Power has unveiled a new brand identity and logo as part of a rebranding initiative that embodies the company’s new stage in the deployment and commercialization of its floating wind technology.

Hapag-Lloyd Trialing Biofuel to Cut CO2 Emissions
Hapag-Lloyd is conducting the 1st biofuel test on one of its vessels in an effort to reduce its CO2 footprint.

Court Grants DP World Australia Injunction against Industrial Action at Its Terminals
Federal Court of Australia halts industrial action at container terminals of DP World Australia.

Worley boss set for retirement. COO named as replacement
The chief executive officer (CEO) of Australian engineering company Worley has decided to retire. The company named a replacement, effective February 24, 2020.

DeepOcean Americas Gets New President; Rebrands Delta Subsea
Tony Stokes has been appointed as president of Delta SubSea and for the DeepOcean Americas region as of February 2020. Stokes was previously senior VP in the region and before that held senior positions for DeepOcean in UK, Middle East, and Singapore. This move also sees Delta Subsea rebranded to De

New COO Joins Maersk Supply Service
Maersk Supply Service has appointed Mark Andrew Handin as chief operating officer (COO), effective March 01, 2020, heading the Vessel Management function. Mark Handin will assume the position of COO, replacing Claus Bachmann, who has taken a position within the Maersk Drilling organisation, as SVP,

US Lifts Sanctions against Cosco Dalian
The United States lifted its sanctions against Cosco Shipping Tanker (Dalian) Co.

Norbit CFO to Leave
Norwegian subsea technology provider Norbit said that its chief financial officer (CFO) Stian Lønvik has given notice to the company that he will resign from his position. Lønvik has a 6-month termination period hence he will remain in position until end July 2020. The company said it will promptly