Business & Finance

CSAV Ups Stake in Hapag-Lloyd
CSAV has acquired an additional stake in Hapag-Lloyd, becoming the majority shareholder in the German shipping major.

Study: LNG as Marine Fuel not Such a Cool Choice?
Study: LNG might not reduce greenhouse gas emissions on a life-cycle basis.

Ofgem Probes Western Interconnector
Ofgem has launched an investigation into National Grid Electricity Transmission and SP (Scottish Power) Transmission for the delivery and operation of the Western high-voltage direct current (HVDC) subsea cable. The Western HVDC is a £1.3 billion subsea cable that transports electricity between Scot

Grant to Investigate Dredged Sediment as Building Material
A team of researchers from Utrecht University and NIOZ have won a grant from the NWO Topsector Water & Maritiem to investigate the potential of dredged harbor sediment as a carbon neutral resource for building materials. The team will investigate this in collaboration with the Port of Rotterdam, Roy

Tanker Revenues Boost Performance Shipping’s Earnings
Performance Shipping reported revenue growth in Q4 2019, which was mainly driven by tanker earnings.

Quackstrand Beachfill Kicks Off
The beach nourishment operations for the Quackstrand beach at the Haringvliet near Hellevoetsluis officially started last week. Mr. Robert van der Kooi, chairman of the Voorne-Putten recreation board, together with partners Hellevoetsluis municipality, Southwest Netherlands sport fishery, Netherland

Telenor Maritime Connects to Havfrue Subsea Cable at NJFX
Telenor Maritime has expanded its US presence at the NJFX cable landing station campus. The Norwegian mobile operator at sea is establishing a direct connection to Norway via the 7200km Havfrue subsea cable system, which traverses the North Atlantic and connects the U.S. at NJFX to mainland Northern

Trinidad and Tobago Dredging Project Nears Completion
Baggerbedrijf de Boer – Dutch Dredging BV is about to complete dredging works at the Queens Wharf and Caricom Wharves, Port of Spain, and ancillary works for the Government Shipping Service (GSS) of Trinidad and Tobago. According to the Dutch company, the dredging at the Queens Wharf in Port of Spai

Smith Mountain Dredging Ban Begins Next Month
Starting February 15, property owners and contractors are banned for four months from dredging and excavating at Smith Mountain and Leesville lakes due to fish spawning, according to a news release from Appalachian Power. The policy is necessary to support fish population growth, including sunfish,

Costamare Modernizes Fleet, Enjoys Higher Rates
Costamare buying larger and younger ships.

Van Oord Joins Estonian Offshore Wind Project
Van Oord and Saare Wind Energy have entered into an agreement to jointly develop the Saaremaa offshore wind project in Estonia.

Global Ports Holding’s JV Acquires Remaining Stake in Malaga Cruise Port
A JV of Global Ports Holding completes the purchase of a minority stake in the Malaga Cruise Port.

Western Harbor Tunnel EIS Available
The NSW Government has just released the Environmental Impact Statement (EIS) for the Western Harbor Tunnel which lays out the route for the project and how it will impact residents and the environment, Jamie Parker, the NSW Member of Parliament for the electorate of Balmain, announced today. It inc

DOF secures new vessel deals across North America region
DOF Subsea has been awarded multiple contracts from undisclosed clients across the North America region.