Business & Finance
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (January 27 – February 02). https://subseaworldnews.com/2020/01/27/star-of-the-south-survey-to-start-in-february/ https://subseaworldnews.com/2020/01/27/damen-rolls-out-new-osv-concept/ https://subseaw
Ørsted and Eversource Partner with ThayerMahan in Connecticut
Ørsted and Eversource have signed a Memorandum of Understanding (MOU) with ThayerMahan to explore the provision of maritime wildlife monitoring and seabed surveillance services for the Revolution Wind wind project offshore Connecticut. The MOU with this Groton-based marine automation and monitoring
MOL in Restructuring Mode
Japanese shipping major MOL unveils a number of new restructuring measures.
Port Houston New Strategic Plan Approved
Port Houston’s new strategic plan was approved on January 28 by the Port Commission of the Port of Houston Authority, setting in motion a roadmap for its continued growth and success. Port Houston’s team, led by Executive Director Roger Guenther, presented the 2020 Strategic Plan for approval follow
Chevron swings to $6.6 billion quarterly loss
Chevron sank to a loss in the fourth quarter of 2019 from a profit in the same period of 2018 due to impairments and write-offs and lower crude oil and natural gas prices.
ONE Reels In Profit for Third Consecutive Quarter
ONE remains in the black for three consecutive quarters.
ExxonMobil profit falls in 4Q
Oil major ExxonMobil saw its earnings drop by five percent in the final quarter of last year compared to the prior-year period.
Talos paves the way for closing of Gulf of Mexico assets acquisition
Houston-based Talos Energy is paving the way for the completion of acquisition of a package of assets in the Gulf of Mexico from affiliates of ILX Holdings by completing another regulatory step.
ProCon Wind and CPower Team Up ahead of Brexit
Denmark’s ProCon Wind Energy and the UK-based CPower Energy have entered into a joint venture partnership agreement to jointly deal with the effects of the UK’s formal exit from the European Union on 31 January. Through the joint venture agreement, the two companies plan to ”overcome any potential c
Myklebust Wins New Sølvtrans Contract
The Myklebust shipyard in Gursken has signed its fourth wellboat contract with Sølvtrans Rederi in Ålesund. The vessel is based on Kongsberg NVC 389, the design being used for one vessel already under construction at Myklebust for Sølvtrans. The new hull will be built at the Turkish shipyard Hat-San
PHOTO: Constructing New Marine Aggregate Dredger for Hanson
Damen Shipyards Galati today released these beautiful photos of new Marine Aggregate Dredger (MAD) 3500, currently under construction at their shipyard in Romania. A keel laying ceremony for this dredger, being built for Hanson Aggregates Marine, took place in October 2019. The ceremony of this vess
Maersk Boxship Suffers Engine Failure in Gibraltar Strait
A containership owned by Maersk experienced main engine damage in the Gibraltar Strait.
Ullman: The Tanker Boom Is Now With Us
The long-awaited recovery of the tanker market finally materialized at the end of 2019.
Bahri Reports 172 Pct Profit Jump in Q4 2019
Saudi Arabian company Bahri wrapped up Q4 2019 with a 172.48 percent net profit surge.