Business & Finance
Tybee Island Beach Renourishment Project Kicks Off
Tybee Island Supplemental Beach Renourishment Project is officially underway, according to the city latest report. Mayor Jason Buelterman announced yesterday that the City of Tybee’s beach renourishment project is starting from 8th Street to 5th Street. “A small segment of the beach will be closed i
Providence CEO Steps Down
Providence Resources chief executive officer, Tony O’Reilly, has stepped down from his position and from the board with immediate effect. The board has initiated a process to identify and recruit a new CEO to lead Providence in its next phase of development. O’Reilly has agreed to work with the boar
TEN Extends Charter for LNG Carrier at Higher Rate
Tsakos Energy Navigation extends a charter contract of one of its LNG carriers at a higher rate.
Equinor taps DeepOcean for IMR services in Norway
Subsea services provider DeepOcean has been awarded a contract by Equinor for IMR services in 2020.
Investor pushes for Valaris shareholders meeting amid ‘grave concerns’ about performance
Luminus, the largest shareholder of offshore drilling contractor Valaris, has decided to call a meeting of shareholders with an intention to nominate new directors to the board amid ‘grave concerns’ about the company’s performance.
InfraStrata Finalizes Harland & Wolff Acquisition
The UK-based InfraStrata has completed the acquisition of the assets of Harland and Wolff. InfraStrata now has 100% ownership of the assets following a GBP 3.30 million payment to the administrator BDO LLP, in line with the payment schedule. An additional GBP 1.45 million is payable by 30 April 2020
RESTORE Council Funded Priorities List 3a Public Meeting
The Louisiana Coastal Protection and Restoration Authority (CPRA) and the Gulf Coast Ecosystem Restoration Council have announced a public meeting to present the Council’s Funded Priorities List (FPL 3a). This will be the first in-person Gulf Coast public meeting held during the RESTORE Council’s 32
EIT Allocates Close to €78M to InnoEnergy
In 2020, the European Institute of Innovation & Technology (EIT) will invest EUR 500 million in its Knowledge and Innovation Communities across Europe – the EIT Governing Board decided. This investment will drive European innovation in the areas of climate (EIT Climate-KIC), digitisation (EIT Digita
IRClass, FMT to Develop New Bulk Carrier Designs
Indian Register of Shipping and Further Marine Technology are to cooperate on bulk carrier designs.
Amsterdam Capital Partners Joins Korean Offshore Wind
Amsterdam Capital Partners (AMSCAP), G8 Subsea, Saemangeum Development and Investment Agency of Korea (SDIA) and Saemangeum Offshore Wind Power (SOWP) have agreed to jointly develop offshore wind in Korea’s Samangeum Industrial Complex. AMSCAP and G8 will work mainly alongside SOWP respectively in a
AET Bags USD 245 Mn Charter Deal with Shell
AET Tanker Holdings pens three time charter contracts for three shuttle tankers.
Solstad bags extensions for two platform suppliers in Brazil
Norwegian offshore vessel owner Solstad Offshore has signed contract extensions for two platform supply vessels (PSVs) with Equinor in Brazil.
Advantage Tankers Buys VLCC Pair from CMES
Advantage Tankers buys two very large crude carriers.
Boskalis Bags Pasay Reclamation Project in Manila Bay
Royal Boskalis Westminster N.V. (Boskalis) has received the Provisional Letter of Acceptance for the Design and Construction contract for the Pasay Reclamation Development Project in Manila Bay, Philippines in cooperation with CHEC from China. The award was made by the publicly listed company SM Pri