Business & Finance
Balticconnector Pipeline Ready for Use
The Balticconnector pipeline has completed the final phase of commissioning when the offshore pipeline was filled with gas and pressurized as well as connected to Estonia’s gas transmission network. The pipeline should be in commercial use as of January 01, 2020. The pipeline’s construction work and
Van Oord and Hendrik Veder Ink Lifting Equipment Management Deal
Van Oord has signed a framework agreement with the Hendrik Veder Group under which it will outsource its hoisting and lifting equipment management to the Rotterdam-based company. The two-year agreement will see the parties collaborating on managing lifting equipment for offshore wind turbines, with
Van Oord and Hendrik Veder Ink Lifting Equipment Management Deal
Van Oord has signed a framework agreement with the Hendrik Veder Group under which it will outsource its hoisting and lifting equipment management to the Rotterdam-based company. The two-year agreement will see the parties collaborating on managing lifting equipment for offshore wind turbines, with
NYK Obtains Japan’s 1st Sustainability-Linked Loan
NYK has been awarded Japan’s first loan related to environmental sustainability.
KCA Deutag lands five-year contract on three UK North Sea platforms
KCA Deutag has been awarded a five-year contract extension by CNR International for three platforms in the UK North Sea.
Kraken Secures Aquaculture Industry Contract with MPI
Kraken Robotics’ subsidiary Kraken Power has signed a multi-year supply agreement with Multi Pump Innovation (MPI) of Norway. Under the agreement, MPI will purchase RIM-driven thrusters and control systems for use in MPI’s new JetMaster automated cage cleaners used for fish farming. While JetMaster
Lower Newport Harbor Channel Dredging Plan on Display
The City of Newport Beach will host a meeting on the Lower Newport Harbor Channel Dredging and Confined Aquatic Disposal Construction on December 4 at Friends Meeting Room, 1000 Avocado Avenue, Newport Beach, California. The goal of the proposed project is to improve navigation in Newport Harbor and
DEME to Link Neart na Gaoithe OWF Turbines
DEME Offshore has been awarded an EPCI contract for the inter-array and interconnector cables at the Neart na Gaoithe offshore wind farm in Scotland. The scope includes the engineering, procurement, construction, and installation of the subsea cables for the 450 MW capacity wind farm, with execution
Imabari, JMU Joining Forces in Capital Tie-Up
Imabari Shipbuilding and JMU formalizing their business alliance.
Tybee Island Beach Renourishment Meeting Held
Officials from the City of Tybee Island (GA), the Army Corps’ Savannah District and Great Lakes Dredge & Dock Company personnel recently held a pre-construction kickoff meeting regarding the upcoming Tybee Island Supplemental Beach Renourishment Project. The $13.8 million renourishment deal, which w
Reach Subsea Profit Halves
Norwegian contractor Reach Subsea has seen its quarterly profit cut in half against last year’s comparable period on lower activity. For the third quarter 2019, Reach booked profit of NOK 4 million on revenues of NOK 154 million, versus profit of NOK 8 million, on revenues of NOK 179 million in the
First Subsea Guards WindFloat Atlantic Export Cables
First Subsea has delivered beach landing cable protection system for the WindFloat Atlantic project. The Lancaster-based firm delivered CPS for the export cables on the 25MW project located 20 kilometres off the coast of Viana do Castelo in Portugal for Portuguese transmission system operator REN. H
UECC Gets Green Financing for Battery Hybrid LNG PCTCs
United European Car Carriers (UECC) secures green financing for its new pure car and truck carriers.
Waikiki Erosion Control Project Wraps Up
A new beach improvement and shoreline stabilization project for Waikīkī Beach has been successfully completed, the Hawaii Department of Land and Natural Resources said in their latest announcement. “The effort between the DLNR Office of Conservation and Coastal Lands (OCCL) and the Waikīkī Beach Spe