Business & Finance

PHOTO: Werkendam at IJsselmeer
Van Oord’s crane vessel Werkendam has arrived at the IJsselmeer to start working on the Windpark Fryslân nearshore wind farm project. The vessel will be involved in the construction of an artificial island off the Frisian coast, Windpark Fryslân reports. With a land area of 2ha and a submerged, shal

MSC Cruises, Chantiers De L’Atlatique Seal Deal for LNG-Powered Duo
MSC Cruises, Chantiers de l’Atlantique formalize deal for two more LNG-powered ships.

Vale’s Recovery to Be the Biggest Swing Factor for Iron Ore in 2020
Wood Mackenzie forecasts an accelerated recovery in shipments from Q1-20.

Maersk Drilling scores two-well drilling extension with Aker BP
Danish offshore drilling contractor Maersk Drilling has been awarded a two-well contract extension from Aker BP for the Maersk Integrator low-emission rig.

InterMoor Kicks Off FPSO Chain Inspection Works Off Brazil
InterMoor has started working on a chain inspection job offshore Brazil, in partnership with 3 other Acteon Group sister companies. The team will inspect the mooring lines of six FPSOs. The project consists in performing full inspection on all mooring lines, an equivalent of 28km of chain/polyester.

Lamprell gets formal order for two ARO Drilling-bound jack-up rigs
UAE-based offshore oil rig builder Lamprell has won a formal award from International Maritime Industries (IMI) for the fabrication and delivery of two jack-up drilling rigs for ARO Drilling.

Freeport LNG Train 2 Starts Commercial Ops
On January 17, Freeport LNG announced the start of commercial operations for Train 2.

Siuslaw Dredging Underway
The Port of Siuslaw, Oregon, has just released these beautiful photos from their latest dredging project. The Oregon International Port of Coos Bay and the Port of Siuslaw have partnered to complete dredging at the Port of Siuslaw inner boat basin. The dredger Laura and her support tug Ms. SoCo star

Planning for the Future: District Seeks Long-Term Dredging Solutions
The past three years have proved challenging for the St. Paul District’s channels and harbors team. As Mother Nature continues serving up records for volume of water, river flows and sediment, the team responsible for managing the Mississippi River’s navigation channel from Minneapolis to Guttenberg

Petronas Pens 12-Year LNG Supply Deal with Shenergy, Orders Two Ships
The LNG supply deal covers a 12-year term starting from 2022.

Eidesvik scoops 5-year deal for Viking Energy PSV from Equinor
Norwegian oil major Equinor has awarded a contract for one of Eidesvik Offshore’s platform supply vessels.

KCI to design platform from jack-up rig for Perenco
Employee-owned engineering, planning, and construction firm KCI has been awarded a contract for the detailed design of the Greenfield scope of the Southern Hub Asset Rationalisation Project (SHARP) by Perenco UK.

Murphy Candler Lake Dredging Begins
One of the jewels in Brookhaven’s park system – Murphy Candler Lake – should be shining brighter by summer thanks to a maintenance dredging project slated to begin shortly. The Brookhaven City Council recently selected Merrell Bros., Inc, Kokomo, Indiana, to conduct a much needed underwater reclamat

TechnipFMC Split on Track
TechnipFMC has reaffirmed that its planned transaction to separate into two companies, TechnipFMC and Technip Energies, is well on track for completion in the first half of 2020. To remind, the industry giant said last year it plans to separate into two independent, publicly traded companies – Remai