Business & Finance
Hyundai Heavy Submits Regulatory Application in the EU for DSME Deal
Hyundai Heavy starts a regulatory process in the EU to gain approval for the proposed acquisition of DSME.
Mississippi Governor Announces 15 Restoration Projects
Mississippi Governor Phil Bryant announced a list of 15 restoration projects for 2019 during the annual Mississippi Restoration Summit in Biloxi yesterday. When implemented, these projects will add more than $53 million to the total of more than $560 million already being spent on restoration projec
Maersk Drilling in two-well rig deal with Shell in Trinidad
Shell has chartered Maersk Drilling’s semi-submersible drilling rig for drilling offshore Trinidad and Tobago.
Turkish Owner Orders Tanker Duo in South Korea
The company signed shipbuilding deals for two 158,000 dwt tankers with Daehan Shipbuilding Corporation.
HHLA Reports Stronger Earnings in Steadily Changing Conditions
Despite a volatile market, HHLA closed the first 9 months of 2019 with a significant revenue increase.
Global Offshore Charters Solstad’s CSV
Solstad Offshore has been awarded a long-term contract with Global Offshore, part of the Global Marine Group for the construction support vessel (CSV) Normand Clipper. The contract is scheduled to start in the first quarter 2020 and have a duration of 3 years. In addition to the fixed term, the deal
San Antonio Bay Dredging Deal for RLB Contracting
RLB Contracting Inc., from Port Lavaca, Texas, has won an $8.8 million firm-fixed-price contract for pipeline dredging in the Gulf Intracoastal Waterway across San Antonio Bay in Aransas County, Texas. Bids were solicited via the internet with four received, according to the U.S. Department of Defen
WEDA Fall 2019 Conference Begins in Galveston
Western Dredging Association (WEDA) Gulf Coast Chapter 2019 Conference kicked off yesterday in San Luis Resort, Spa & Conference Center in Galveston, Texas. Dredging is vital to the Texas coast and ports, and as a Galveston based dredging company, Callan Marine is excited to welcome all the particip
Tritech Appoints Reseller in China
Tritech International, a Moog company, has appointed Seatech China as a Value-Added Reseller (VAR) in China. Seatech China is a distributor of high-technology and high-reliability marine equipment in China and provides a wide range of products including acoustic products, underwater camera systems a
TechnipFMC Strikes G1201 Sale Deal
TechnipFMC has entered into memorandum of agreement (MOA) to sell the G1201 subsea vessel as it aims to optimize the profile and size of its subsea fleet. The MOA is subject to certain conditions precedent to complete the transaction. TechnipFMC expects to complete the sale in December as these cond
Carnival Boosts Its Ethics and Compliance Team
The seven new hires and internal promotions are part of the company’s new ethics and compliance function.
Virginia Beach Renourishment Resumes This Week
While the Virginia Beach oceanfront renourishment operations will not restart before November 15, submerged pipeline is in place and heavy equipment is stationed, the Norfolk District of U.S. Army Corps of Engineers said in their latest project update. The project, which began in late June, renouris
South Korea Reclaims Shipbuilding Throne in October
During October, South Korean shipbuilders secured orders for 17 ships totaling 1.29 million CGTs.
LNG Business Softens MISC Berhad’s Drop in Revenue
Group revenue for the third quarter was 3.7% lower compared to the same period a year earlier.