Business & Finance

Grimaldi Takes Delivery of Third PCTC Newbuild
Italian Grimaldi Group has welcomed to its fleet Grande Houston, a new pure car & truck carrier (PCTC).

Kootenay Dredging Wraps Up
Dredging in the shallows of the West Arm of Kootenay Lake was completed in Fall of 2019 to avoid future service changes to the Kootenay Lake Ferry Service, the Government of British Columbia informs. During the works, the crews dredged three shallow areas in the West Arm of Kootenay Lake to ensure t

Deep Down Boosts Team with Two New VPs
Deep Down has appointed Richard Blackett as vice president of sales and business development, and Trevor Ashurst as vice president of finance, both new roles at the company. Blackett most recently served as global vice president for Offshore Production in his thirteen years at National Oilwell Varco

World’s 1st Ammonia-Powered Fuel Cell to Be Installed on a Vessel
A consortium that wants to install an ammonia-powered fuel cell on a vessel wins EU backing.

First Ship-to-Ship LNG Bunkering Completed at Port of Rostock
LNG bunker vessel Kairos has completed the 1st ship-to-ship LNG bunkering in the Port of Rostock.

Maersk Ups Bunker Surcharge amid VLSFO Price Rise
Prompted by a price surge of VLSFO, Maersk has decided to increase its bunker surcharge.

Total Taps Worley for North Plate FEED in Gulf of Mexico
Worley has been awarded the front-end engineering design (FEED) contract for Total USA’s North Platte field development in the Gulf of Mexico. Located approximately 275 kilometers off the coast of Louisiana, the North Platte field development includes a semi-submersible floating production unit (FPU

Backhoe Dredger Woomera to Dredge Clinton Channel
Hall Contracting Pty Ltd has been engaged to undertake dredging and land reclamation works at Gladstone Harbor as part of the Clinton Vessel Interaction Project. “Our team will use backhoe dredge Woomera to widen the channel, creating safer conditions for vessels,” the company said in their latest r

TORM Invests in Scrubber-Fitted LR2 Newbuilding Pair
TORM has inked a contract to buy two scrubber-fitted LR2 newbuildings.

TSHD Currituck Busy in Chatham
The Stage Harbor Entrance Dredging project is officially underway, according to the Town of Chatham (MA) latest news release. The U.S. Army Corps of Engineers’ (USACE) hopper dredge Currituck arrived in Chatham late Sunday afternoon, January 19th, and began maintenance dredging on Monday, January 20

Denmark: New Initiative Launched to Get More Women on Board
Denmark has presented a new initiative aimed at increasing the share of women in Danish shipping companies.

Worley bags FEED job on Total’s North Platte project
Worley has been awarded the Front-End Engineering Design (FEED) contract for Total’s North Platte field development located in the Gulf of Mexico.

Platte River Breach Closed
The U.S. Army Corps of Engineers, Omaha District, has completed the initial breach repair along the right bank of the Platte River, just upstream of the confluence of the Platte River with the Missouri River, on Tuesday. This approximately 300-foot long breach formed during the March 2019 flooding a

EU Unveils €1 Trillion Green Deal Investment Plan
The European Commission has recently presented “The European Green Deal’s Investment Plan – the Sustainable Europe Investment Plan” to mobilise public investment and unlock private funds through EU financial instruments, which would lead to at least €1 trillion of investments. On 11 December 2019, t