Business & Finance
Arnout Damen to Take Over as CEO of Damen Shipyards Group
Arnout Damen will become the new CEO of Damen Shipyards Group.
Allseas Suspends Nord Stream 2 Pipelay Works
Allseas has suspended its Nord Stream 2 pipelay activities, in anticipation of the enactment of the National Defense Authorization Act (NDAA), The US House of Representatives passed the National Defense Authorization Act (NDAA) for Fiscal Year 2020, which includes sanctions targeting companies that
MOL Secures Green Loan for Its Bunkering Vessel
MOL to use its first green loan to finance the construction of LNG bunkering vessel.
USACE Closes Two More Breaches on Missouri River Levee System L-575
The U.S. Army Corps of Engineers’ Omaha District closed two outlet breaches on the Missouri River Levee System L-575 last week. These are the fourth and fifth breaches to be closed on the L-575 system, providing an initial level of flood risk management to the area behind this downstream portion of
US Gives More Time to Companies to Wind Down Dealings with Cosco Dalian
U.S. extends the deadline to companies that deal with COSCO Shipping Tanker (Dalian) to wind down their transactions.
Damen Appoints New CEO
Damen Shipyards Group has appointed Arnout Damen as the new CEO, succeeding René Berkvens, who held the position for more than 13 years. Arnout Damen will take over the CEO position as of 1 January, when his current CCO position will be taken over by Jan-Wim Dekker. Over the past nine years, Damen h
Energean’s Edison transaction might exclude assets in Algeria
Oil and gas company Energean’s acquisition of Edison which has yet to be completed might be included so that Edison’s Algeria assets won’t be included in the deal after an intervention from the Algerian authorities. Energean and Edison signed a deal in July for Energean to buy Edison E&P from Edison
Boskalis Wins El Salvador FSRU Deal, Dredging Included
Boskalis has won a contract to connect an offshore Floating Storage and Regasification Unit (FSRU) to an onshore power plant in El Salvador. The contract was awarded by Energia del Pacifico (EDP), a 378-MW liquefied natural gas (LNG)-to-power infrastructure project at the Port of Acajutla, El Salvad
Damen Shipyards Names New CEO
Damen Shipyards Group has appointed Arnout Damen as the new CEO, succeeding René Berkvens, who held the position for more than 13 years. Arnout Damen will take over the CEO position as of 1 January, when his current CCO position will be taken over by Jan-Wim Dekker. Over the past nine years, Damen h
Arnout Damen named CEO of Damen Shipyards
Dutch shipbuilder Damen Shipyards has appointed Arnout Damen as CEO. He will take over the position from René Berkvens on January 1, 2020.
Thai Utility Takes 25% Stake in Taiwanese Offshore Wind Farm
Thailand-based electric utility holding company, Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan. Greenwing Energy B.V., a wholly-owned subsidiary of EGCO,
USACE Plans Shoreline Protection Project at Pleasant Point Reservation
The U.S. Army Corps of Engineers, New England District, has just announced a plan to stabilize approximately 1,500 feet of shoreline that is eroding at the Pleasant Point Reservation near Perry, Maine. The work is being implemented under the Section 14 Emergency Shoreline Protection program. The Ple
China’s First Foreign-Backed Offshore Wind Farm Spins into Action
All 75 4MW turbines at the 300MW Dongtai IV (H2) offshore wind farm have been switched on, China Energy Investment Group said. Dongtai IV is the first offshore wind project in China built in collaboration with a foreign investor. Back in March, China Energy Investment Group and France’s EDF Group si
US Court Convicts Evridiki Navigation, Liquimar Tankers for Pollution
U.S. court convicted Evridiki Navigation, Liquimar Tankers Management Services Inc for pollution crimes.