Business & Finance
Harvey Gulf to Boost Subsea Business with New VP Appointment
US offshore vessel owner Harvey Gulf has hired John Dunn as vice president of subsea vessel operations. Formerly of Oceaneering, Dunn will assemble and manage a subsea vessel management team, as CEO Shane Guidry looks to grow the company’s subsea business. Prior to Oceaneering, Dunn was the director
Grounded Dredge Removed from the Matagorda Ship Channel
The U.S. Coast Guard has just announced that the Matagorda Ship Channel is now open for vessel traffic following the successful removal of cutter suction dredge Everett Fisher. According to the Coast Guard report, USCG lifted the safety zone and reopened the Matagorda Ship Channel to vessel traffic
Guayaquil Dredging Pays Off
Terminal Portuario Guayaquil (TPG) achieved a record in Ecuadorian and regional port history on January 17 by welcoming the largest vessel to ever dock at a Latin American port and inaugurating the recently completed works to deepen the sea and estuary access channels that connect the sea buoy with
Schumer, Gillibrand Support Great Lakes Coastal Resiliency Study
Following vicious flooding of Lake Ontario during two of the last three years, with private and public property and infrastructure being destroyed, NY Senators Charles E. Schumer and Kirsten Gillibrand yesterday urged USACE to include the Great Lakes Coastal Resiliency Study (GLCRS) in its Fiscal Ye
XOCEAN Supports Greater Gabbard Survey
Ocean data company XOCEAN has provided its XO-450 unmanned surface vessel (USV) for seabed surveys on seven of the turbines at the 140-turbine Greater Gabbard offshore wind farm, located 23 kilometres off the UK coast. Throughout the survey, the data collected was monitored from shore in real-time b
HMM Sets Sights on 25 Pct Higher Revenue in 2020
HMM roughly anticipates a 25% improvement in its revenue for 2020.
Croatian DIV Group to Buy Norway’s Kleven Verft
Croatian DIV Group is to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels.
University Lakes Project: Finalists Invited to Present Their Proposals
The Louisiana State University (LSU) Real Estate and Facilities Foundation, an affiliate of the LSU Foundation, announced recently that they have invited two project adviser finalists to deliver in-person presentations to the University Lakes Project evaluation team. The finalists are a joint ventur
McDermott Strikes Restructuring Deal; to File for Chapter 11 Bankruptcy
McDermott said it has secured the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating over $4.6 billion of debt. The restructuring transaction will be implemented through a prepackaged C
McDermott files for Chapter 11 bankruptcy to eliminate $4.6 billion of debt
McDermott’s restructuring transaction will be implemented through a prepackaged Chapter 11 process that will be financed by a debtor-in-possession financing facility of $2.81 billion.
Marubeni, Klaveness Create Giant Panamax Pool Operator
Japan’s Marubeni Corporation and Norwegian dry bulk operator Klaveness are merging Panamax Pool activities.
Fugro and DIMAR Wrap Up Caribbean Sea Seep Hunting Study
Fugro and the Colombian Maritime Authority (Dirección General Maritima, DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea. The study involved shallow water seabed sediment coring, geochemical analyses, and seabed heat
Halliburton swings to $1.7 billion loss in 4Q
Halliburton sank to a $1.7 billion loss in the last quarter of 2019 as its revenues dropped compared to the same period of 2018.
Nokia, Angola Cables Trial First USA – Africa Direct Optical Link
Nokia has announced that Angola Cables is trialing Nokia’s Photonic Service Engine 3 (PSE-3) chipset for the first direct optical connection between the USA and Africa. The route provides direct, low-latency trans-Atlantic routing and simplifies the turn-up of services to better serve data consumpti