Business & Finance

Cardwell Dredging One Step Closer
The dredging of 1 Mile creek in Port Hinchinbrook, Cardwell is today one step closer with liquidator Offermans agreeing for Cassowary Coast Regional Council to use their existing dredging permits. While there are still significant steps needed to fulfill the Federal Government requirements, this is

Diana Shipping Secures Work for Kamsarmax Bulker
Diana Shipping inks a time charter contract with Aquavita International for a Kamsarmax ship.

PGS to Offer Data in APA 2019 Award Areas
Petroleum Geo-Services (PGS) has set out plans to offer GeoStreamer X data in APA 2019 Award Areas announced by NPD. PGS has GeoStreamer data library coverage over the 2019 APA license areas announced by NPD and plans for new acquisition projects in 2020 to further expand this in key areas of the Ba

MAIB: CMA CGM G. Washington Lost 137 Containers after 20-Degree Rolls
Two years ago, CMA CGM G. Washington experienced 20° rolls leading to the collapse of three container bays.

Trafigura Backs Carbon Levy and Slow Steaming
Trafigura says chartered vessels account for 87 percent of its GHG emissions.

Court allows Premier Oil to move ahead with debt plan to buy North Sea assets
Premier Oil has received a court approval to go ahead with a plan to have its creditors vote to extend debt maturities and buy UK North Sea fields from BP and Dana Petroleum.

BNEF: 2019 a Record Year for Offshore Wind Investment
Investment in offshore wind reached USD 29.9 billion in 2019, up 19% on 2018 and USD 2 billion more than in the previous record year of 2016, the latest data from research company BloombergNEF (BNEF) shows. The last quarter of the year was particularly busy and saw a number of offshore wind deals, a

THE Alliance Upgrades Service Network as It Welcomes HMM
THE Alliance has unveiled an expanded service network for 2020 as it is welcoming HMM.

Scotland to Impose Local Content Requirements for Offshore Wind Projects
The Scottish Government and Crown Estate Scotland have established an agreement on local content requirements for wind farm projects offshore Scotland. Under the agreement, offshore wind developers will have to agree on supply chain commitments when applying for leases. According to the government,

Scotland to Impose Local Content Requirements for Offshore Wind Projects
The Scottish Government and Crown Estate Scotland have established an agreement on local content requirements for wind farm projects offshore Scotland. Under the agreement, offshore wind developers will have to agree on supply chain commitments when applying for leases. According to the government,

NYK, Van Oord Jointly Enter Japanese Offshore Wind Market
NYK and Van Oord plan to jointly own and operate Japan-flagged offshore wind installation vessels.

Lochmaddy Pier Contract Goes to L&M Keating
Comhairle nan Eilean Siar, Scotland, has awarded a £10.1m contract to marine, civil engineering and building contractor, L&M Keating Ltd to carry out upgrade works at Lochmaddy Pier in North Uist. Under the contract, Keating will be responsible for completing all civil engineering works for the harb

Emptying Piles with Bell Pump at Terneuzen
Bell Dredging Pumps B.V. has just released these beautiful photos from a project at Sassevaart near Terneuzen, the Netherlands, where they are emptying tubular piles for the construction of the Nieuwe Sluis. The Bell 100 equipped with a double cutter head has a diameter of 1.1 meter and is lowered i

Woodside targets higher output in 2020
Australian energy giant Woodside saw its sales revenues in the last quarter of 2019 decrease when compared to the same period in 2018 despite higher production, which the company plans to increase even further during 2020.