Business & Finance

Port of Hueneme Deepening Project in Full Swing
The Port of Hueneme’s deepening project, largely funded by a $12.3 million TIGER Grant (Transportation Investment Generating Economic Recovery) from the U.S. Department of Transportation, is nearing its completion. The port said in their official statement that the harbor deepening program will crea

Protecting and Restoring the Southwest Louisiana
The U.S. Environmental Protection Agency (EPA) recently awarded over $1.6 million to the Louisiana Coastal Protection and Restoration Authority for a project that would create 392 acres of marsh land in southwest Louisiana. This project will help restore marsh land in shallow areas by using dredged

Pyxis Tankers Wraps Up MR2 Ship Sale
Greek product tanker company Pyxis Tankers has completed the sale of one of its MR2 chemical/product tankers.

Telford restructures balance sheet amid challenging offshore services market
Telford Offshore has restructured its balance sheet and boosted its order book, providing a more stable platform for the company in the challenging offshore services market.

CSBC Opens Pin-Pile Production Line in Taiwan
Steel fabricator CSBC Corporation has inaugurated its pin-pile production line at its factory near the Port of Kaohsiung in Taiwan. CSBC also plans to add a line for the production of transition pieces to the facility. The production line will be used to manufacture pin-piles for Ørsted’s Changhua 1

St. Johns River Water Management District VIDEO: Path to Recovery
The St. Johns River Water Management District has just released a very interesting video named ‘Flagler County Wetland Restoration Project: Path to Recovery’. Under the project, twenty-two acres of dragline ditch-impacted wetlands in Flagler County have been restored, beginning a phase of renewal in

Seven Viking Owners Boost Environmental Footprint
Subsea 7 and Eidesvik Offshore have been presented with the International Marine Contractors Association (IMCA) Environmental Sustainability Award for 2019 in recognition of its efforts to reduce vessel emissions and improve energy efficiency. In January 2019, Seven Viking was converted from a conve

iContainers: Shipping Industry Needs to Tackle Misdeclared Cargo in 2020
Onboard fires caused by misdeclared cargoes is a growing issue that needs to be addressed this year, iContaines says.

Japanese Companies Forge Offshore Wind Pact
Japanese utility JERA and the engineering firm Shimizu Corporation have entered into a Memorandum of Understanding to collaborate within the offshore wind power generation business. JERA and Shimizu will explore ways to utilize their respective know-how and resources in the offshore wind power gener

Japanese Companies Forge Offshore Wind Pact
Japanese utility JERA and the engineering firm Shimizu Corporation have entered into a Memorandum of Understanding to collaborate within the offshore wind power generation business. JERA and Shimizu will explore ways to utilize their respective know-how and resources in the offshore wind power gener

Unity Delivers North Sea P&A Pressure Testing for Petrofac
Aberdeen-based well integrity player Unity has completed a preparatory plugging and abandonment project in partnership with oilfield services provider Petrofac. Unity deployed its Temporary Abandonment Cap Test Tool (TACTT) to pressure test two suspended mudline wells in the North Sea in support of

Eagle Bulk Becomes Member of Getting to Zero Coalition
Connecticut-based ship owner and operator Eagle Bulk Shipping has joined the Getting to Zero Coalition.

Surf City Approved for Federally Funded Beach Nourishment Project
The U.S. Army Corps of Engineers will fund a flood and storm damage reduction project (beach nourishment) for the Town of Surf City, Mr. R. D. James, assistant secretary of the Army of Civil Works announced earlier this week. According to the announcement, Surf City and North Topsail Beach will be r

Searcher Wraps Up Gulf of Papua Prospectivity Study
Searcher Seismic said it has completed of the Gulf of Papua prospectivity study in Papua New Guinea. The survey was performed by Discover Geoscience on behalf of Searcher and consists of five main sections; tectono-stratigraphic framework, tectonostratigraphic elements, facies and EOD mapping, charg