Business & Finance
Boskalis Reports Good Third Quarter
Royal Boskalis Westminster N.V. (Boskalis) today reported good third quarter, maintaining the 2019 EBITDA guidance. As reported, Boskalis saw revenue increase slightly in the third quarter of 2019 compared to the quarterly average for the first half of the year. The operating result increased sharpl
Navios Acquisition Confirms VLCC Sale, Inks Two Charter Deals
The company sold the 2002-built VLCC Nave Electron for a price of USD 25.3 million.
Coomera Dredge Management Facility VIDEO Update
Synergy Resource Management were contracted recently by the Gold Coast Waterways Authority (GCWA) to design, construct, operate and maintain the proposed Coomera Dredge Sediment Management Facility (CDSMF). The facility contains a 6-hectare settling pond and a 2-hectare area where the sediment will
ORPC Secures $7.5 Million in Private Financing
Ocean Renewable Power Company (ORPC) has closed on commitments for $7.5 million in private equity, allowing it to expand its business development and sales focus in the U.S., Canada and Chile. The new deal comes a week after ORPC scooped up Department of Energy (DOE) grant of $3.8 million to develop
Napier Port Dredging Contract Signed
Napier Port today signed the contract with HEB Construction to build its multi-purpose 350 meter wharf, which will boost the port’s ability to handle more and larger ships. HEB is scheduled to start building the wharf – known as 6 Wharf – during the first quarter of 2020. Heron Construction & Dredgi
RigNet to supply communications solutions to six Petrobras FPSOs
Offshore telecommunication services provider RigNet has signed a multi-year agreement with Petrobras to supply O3B VSAT technology to six of its FPSO vessels.
VIDEO: Bell Pump Busy in the North Sea
A pump from Bell Dredging Pumps B.V. was used recently in the construction of an offshore wind farm in the North Sea. The Dutch dredging specialist has just released this beautiful video of a custom Bell 250 dredge pump with double cutter head that is dredging tubular piles at 80 meters deep. Accord
Fire Hits Tanker off Singapore, 18 Crew Evacuated
MPA Singapore informed that all 18 crew members have been safely evacuated and the fire has been put out.
Kosmos Energy appoints new board member
Oil and gas company Kosmos Energy has named a new member of its board of directors.
Standard Drilling bounces back to black
Norwegian offshore vessel owner Standard Drilling has reported an operating profit in the third quarter of 2019 following unrealized gain on revaluation of financial assets of $1 million.
Maersk Invests in Return Logistics Start-Up ZigZag
ZigZag helps retailers to reduce the cost and complexity of managing returns with its software and functionality.
Titan LNG Conducts 1st LNG Bunkering in Port of IJmuiden
Dutch LNG supplier Titan LNG has completed the first-ever LNG bunkering at the Port of IJmuiden, North Holland.
VIDEO: Kayden Wraps Up Georgia Job
Kayden’s Environmental Services Division successfully completed a coal ash dredging and desludging project in Georgia recently. For this job, Kayden utilized their IMS 7012 dredge, Mammoth-2276 centrifuges, as well as a DEL Total Clean-3000 Plus System to successfully complete their portion of this
Pangaea Sells Bulker Duo for USD 11 Mn
In October 2019, the company agreed to dispose of the 2001-built Bulk Juliana and the 1996-built Bulk Patriot.