Business & Finance
Seismic Vessel Catches Fire Off Senegal
GC Rieber has reported fire onboard its managed 3D seismic vessel Polar Marquis, yesterday Monday November 11, 2019. The fire, that occurred in the engine room, has been put out and the situation is under control, GC Rieber said. The vessel is owned by Shearwater GeoServices and located offshore Sen
Polarcus Teams Up with ARGAS in MENA Region
Polarcus has signed a memorandum of understanding with Arabian Geophysical and Surveying Company (ARGAS) to collaborate on seismic projects in the MENA region. Polarcus provides marine seismic acquisition capabilities and cloud-based priority processing services, while ARGAS provides regional expert
TORM to Equip Ten More Ships with Scrubbers
This brings the total number of planned scrubber installations to 44.
Zaragoza Canal Dredging Underway
In an effort to promote new development opportunities for the state capital, the Government of Quintana Roo is beginning dredging operations on the Zaragoza Canal. The Governor Carlos Joaquín, together with other state and federal officials, yesterday marked the start of the dredging works on the Za
First steel cut for Awilco’s newbuild rig
Offshore drilling contractor Awilco Drilling has said that the first steel has been cut for its second rig under construction at a Keppel yard while the construction on the first rig is going as planned with delivery scheduled for March 2021. Awilco owns and operates two 3rd generation mid-water sem
Quinns Beach Coastal Management Works Underway
The latest stage of coastal management work at Quinns Beach is underway and includes an upgrade and extension of Groyne 3 and beach replenishment, reports the City of Wanneroo, WA. According to their latest announcement, the beach and car park adjacent to Fred Stubbs Park will remain open to the pub
Ocean City Beachfill Timeline Released
Ocean City Mayor, Jay Gillian, has announced a rough timeline for the U.S. Army Corps of Engineers’s beach replenishment project that affects Ocean City, NJ. Three Jersey Shore towns – Strathmere, Sea Isle City and Ocean City – are part of the $32.5 million contract, awarded to Great Lakes Dredge &
Euronav Signs LSFO Deal with Malaysian Port of Linggi
Under a service agreement, Malaysia’s Linggi Port will become Euronav’s low-sulphur marine fuel supply base.
ADNOC creates JV with compatriot artificial intelligence company
ADNOC has signed an agreement with AI, cloud, and supercomputing company Group 42 to establish a joint venture to develop and commercialize AI products for the oil and gas industry.
MMA Offshore Wraps Up Neptune Acquisition
MMA Offshore has completed the acquisition of the business of Neptune Marine Services by acquiring its key operating subsidiaries. The final purchase consideration of A$18.5 million comprised A$5.0 million in cash and the issue of 67.6 million MMA shares to Neptune Marine Services at an issue price
Thordon Bearings for NMDC’s Dredger Al Khatem
The National Marine Dredging Company has replaced the rubber cutter shaft bearings on the 89m dredger Al Khatem, marking a step closer to NMDC’s fleet-wide conversion to Thordon Bearings’ seawater lubricated Composite cutterhead bearings and cutterhead intermediate lineshaft bearings. The 1979-built
Major Milestone for Fisherman’s Wharf Revitalization Scheme
Queenscliff Harbor in Victoria has recently completed a major milestone on the Fisherman’s Wharf Revitalization Project. The main civil works contract, which formed the main part of the upgrade to the precinct, has been completed. The works were completed by PW Johnson who mobilized their jack-up ba
Klaveness Scaling Down Supramax Activity to Focus on Panamax, Post-Panamax Segment
In order to focus on the Panamax and Post-Panamax segment, Klaveness will shrink its activity in the Supramax business.
EIB Provides USD 155 Mn for Port of Piraeus Expansion
The first EUR 100 million tranche of the 20-year loan was signed on November 11.