Business & Finance
TORM Nets USD 496 Mn for Debt Refinancing
TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders.
Singapore’s 1st LNG-Powered Bunker Tanker Delivered
Marine Vicky, Singapore’s first LNG-fueled bunker tanker, has been delivered to its owner, Sinanju Tankers Holdings.
Höegh LNG Secures USD 80 Mn Loan
Höegh LNG Holdings Ltd. has received commitment letters for a revolving credit facility of up to USD 80 million.
River Parrett Dredging Project Starts
Maintenance dredging on the River Parrett downstream of Burrowbridge will start again this week, according to the Somerset Rivers Authority (SRA). SRA announced that the work will go on for at least a week and help to protect homes, businesses and roads from flooding. They also added that the dredgi
Iridium Wins Formal Authorization for GMDSS Service
Iridium receives the Letter of Compliance for Iridium to provide GMDSS services.
Spotlight on Tule Red Restoration Project
A celebration ceremony for the completion of the Tule Red Restoration Project – one of the most significant tidal wetland rehabilitation efforts in California’s recent history – took place recently at the edge of the Suisun Marsh in Solano County’s Grizzly Bay region. The Suisun Marsh is the largest
Prosafe misses final payment to Cosco amid talks with lenders
Prosafe has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel amid talks with lenders meant to secure financial flexibility for the longer term.
NKT Bags East West Interconnector Gig
NKT has been awarded a five-year service agreement by the Irish power grid operator EirGrid for cable related services including repair works for the East West Interconnector. The East West Interconnector is a 200 kV HVDC power cable with capacity of 500 MW between Ireland and Great Britain. For NKT
Tomini Bolsters Fleet with Ultramax Trio
Tomini Shipping is starting the new year on a high note.
Repairing Muskegon South Breakwater Connector
Repairs to the Muskegon South Breakwater Connector in Muskegon, Michigan, are currently underway with the initial placement of armor stone on structure’s lakeside, the U.S. Army Corps of Engineers’ Detroit District reports. “Additional armor stone placement, demolition of the structure’s surface and
Polarcus and SFC Reschedule Again
Polarcus said it has once more agreed to postpone the redelivery of seismic research vessel Vyacheslav Tikhonov with Sovcomflot (SCF). The vessel was due for redelivery until January 15, 2020, while potential projects were pursued by SCF. The redelivery of the vessel has now been agreed until the co
Identifying Resilient Coastal Sites for Conservation
The Coastal Resources Division of the Georgia Department of Natural Resources will host a presentation on coastal resiliency at noon January 28. Analie Barnett, a landscape ecologist with The Nature Conservancy, will present on “Identifying Resilient Coastal Sites for Conservation in the South Atlan
Van Oord Lays First Borssele III & IV Inter-Array Cable
Van Oord’s cable-laying vessel Nexus has set up the first inter-array cable on the Borssele III & IV offshore wind farm in the Dutch North Sea. Van Oord is one of the two main contractors for the project, together with MHI Vestas. The Dutch maritime contractor is performing the Balance of Plant acti
Contros to Shut Down; Kongsberg – AML Deal Falls Through
Kongsberg Maritime (KM) said it has stopped the sale of KM Contros GmbH (Contros) in Germany to AML Oceanographic. The Norwegian technology enterprise decided to divest Contros with the announcement of sale and purchase letter of intent with AML in October last year, following a strategic evaluation