Business & Finance

Missouri River Levee System – Sixth Breach Closed
The U.S. Army Corps of Engineers, Omaha District closed a sixth breach along Missouri River Levee System L-550, located near Missouri River Mile 524 southwest of Rock Port, Missouri, on Tuesday. This is the sixth breach that has been closed under the current contract with Weston Solutions, Inc. of W

PHP Ship Breaking and Recycling Industries Wins HKC Compliance Statement
ClassNK has issued HKC Statement of Compliance to PHP Ship Breaking and Recycling Industries Limited.

Fugro Lands More Geotech Site Survey Work Off The Netherlands
Fugro has been awarded a geotechnical site investigation contract for the Ten noorden van de Waddeneilanden Wind Farm Zone (TNWWFZ), following last year’s geotechnical contract for the Hollandse Kust (west) offshore wind farm zone. The final deliverable for the Netherlands Enterprise Agency (RVO.nl)

Genting Hong Kong Raises USD 900 Mn to Refinance Genting Dream
The sale and leaseback transaction was closed with a consortium of four Chinese leasing companies.

Mapping Water Quality with Drones
International Association of Dredging Companies (IADC) recently released a new article titled ‘Mapping water quality with drones – test case in Texel‘. To demonstrate drone technology for water quality monitoring, a pilot test case was organized at the Prins Hendrikzanddijk project in Texel, the Net

USACE, Jefferson County Ink CSRM Partnership Agreement
The U.S. Army Corps of Engineers’ Galveston District and the Jefferson County Drainage District No. 7 (DD7) are set to begin construction of the Port Arthur and Vicinity Coastal Storm Risk Management Project (CSRM). This construction project within the Southwestern Division’s Storm Reconstruction an

NEC Qualifies 20 Fiber Pair Subsea Telecom Cables
NEC Corporation and its subsidiary OCC Corporation have completed full qualification of subsea repeaters and optical cable containing up to 20 fiber pairs (40 fibers). This is a 25% improvement in fiber count over 16 fiber pair systems previously built by NEC. This development allows cable owners wo

Cape Porpoise Dredging Wraps Up
The U.S. Army Corps of Engineers, New England District, has just released the latest update on the Cape Porpoise dredging scheme in Maine, saying that the work is now complete and the harbor can be opened back up to the local community. The project, conducted by Coastline Consulting and Development,

Flex LNG Extends Charter for 2018-Built LNG Carrier
Flex LNG extends a time charter agreement for Flex Enterprise, a 173,400 cbm vessel.

MDL Wraps Up North Sea FPSO Job
MDL has carried out a complete overhaul of a number of lifting equipment on board a North Sea FPSO, in the facility’s 20th year in operation. The marine services project, which reinstated a 25-tonne riser pull-in winch and three 200-tonne anchor chain winches, is estimated to have contributed to ext

India: Royal IHC Kicks Off Sediment Removal Operations
After a successful testing phase at their reservoir dredging pilot in India, Royal IHC just announced that the removal of sediment from the dam reservoir is now officially underway. With the support of the jetwater nozzles on the TT-pump, the sediment was fluidised whereafter the mixture was transpo

InterMoor Delivers FPSO Mooring Project Off West Africa
InterMoor has recently wrapped up FPSO mooring installation project offshore West Africa. Acteon’s mooring specialist was comissioned, through Maersk Supply Service, to provide suction embedded plate anchors (SEPLAs) technology for permanent FPSO mooring system. For the project, InterMoor designed a

LR: Industry Players Join Forces on Ammonia-Fueled Tanker Project
MISC Berhad, SHI, LR and MAN Energy Solutions have decided to work together to develop an ammonia-fueled tanker.

New extension agreed for Yinson’s Vietnam FPSO
Yinson has continued its string of extensions for the FPSO PTSC Lam Son, operating offshore Vietnam, with another short-term deal, which will keep the FPSO on contract until the end of February.