Business & Finance

Kidnapped Duke Crew Members Released, One Dies in Captivity
Nineteen kidnapped crew members of the tanker Duke have been released while one seafarer died in captivity.

VIDEO: Monaco Land Extension Time Lapse
Anse du Portier Monaco has just released the latest video update on their land reclamation project in Monaco. The caisson belt has been closed and the land appeared. The sand for this scheme comes from areas located around Marseille, France, and Piombino, Italy. This new piece of Monegasque territor

Hampton Dredging Wraps Up
The Hampton Harbor maintenance dredging project in New Hampshire, conducted by H&L Contracting, has been successfully completed, the U.S. Army Corps of Engineers, New England, reports. Approximately 170,000 cubic yards of sandy material was hydraulically dredged from the 8-foot deep entrance channel

VIDEO: Supreme Central Allied Dredge Case Study
Supreme Manufacturing, a Stoneboro, Pennsylvania, based custom designer and builder of high quality conveyor systems, storage tanks and hoppers, has just released this very interesting video named ‘Supreme Central Allied Dredge Case Study’. From sand and gravel to talc, coal to steel, cement to agri

Readers’ Picks of the Week (January 13-17, 2020)
Here are the most read stories of the previous week.

Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (January 13 – 19, 2020). Port of Corpus Christi Closes 2019 with Success The Port of Corpus Christi, Texas, ended 2019 with record tonnages for December – 13.8 million cargo tons and 122.2 million cargo tons for t

Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (January 13 – January 19). https://subseaworldnews.com/2020/01/13/foresight-williams-backs-rovco/ https://subseaworldnews.com/2020/01/15/seven-viking-owners-boost-environmental-footprint/ https://subse

Hapag-Lloyd Inks Space Charter Deal with Maersk and MSC
Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance.

Schlumberger Posts $10.1Bln Loss in 2019
Schlumberger has booked some $10.1 billion loss for 2019, despite relatively flat revenues, recognizing material pretax charges driven by market conditions, particularly in North America. “In contrast, after two years of strong growth, North American revenue fell sharply, driven largely by the land

Schlumberger posts revenue bump, but lower profit in 4Q
Oilfield services provider Schlumberger recorded a 38% drop in its fourth quarter 2019 profit and an increase in revenues when compared to the same period in 2018.

RockRose to hand over Brae operatorship to TAQA
RockRose Energy will be passing operatorship of the Brae Area, in the UK North Sea, to TAQA following court proceedings brought on by TAQA and other partners in the field.

Safe Bulkers Agrees Sale and Leaseback for Eight Ships
Safe Bulkers has entered into sale and leaseback agreements with respect to eight vessels.

Qatargas Ships 1st Q-Flex LNG Cargo to Bangladesh Summit LNG FSRU
Qatargas has delivered the first Q-Flex cargo of LNG to the Summit LNG FSRU.

Hansel Marine’s New CSD Hits the Water in Egypt
The new HS-55CB cutter suction dredger (CSD), built by Hansel Marine, a Chinese manufacturer of dredgers and dredging equipment, was successfully launched in Egypt yesterday. The new CSD – with a customized design – was constructed by the Chinese company in accordance with the specific requirements