Business & Finance
Stena Line to Fit Five More Ships with AI Technology
More vessels will feature the technology after Stena Line confirms the project saves 2-3% fuel per trip.
Pacific Drilling finds work for two drillships
Offshore drilling contractor Pacific Drilling has secured more work for a drillship working in the Gulf of Mexico and a new deal for a drillship in Oman.
Titford Pools Dredging Starts
Canal and River Trust has officially begun work to dredge Titford Pools in Oldbury as part of a £3.1 million project to improve water quality and encourage wildlife back to the area. Working in partnership with the European Regional Development Fund, Highways England, Sandwell Metropolitan Borough C
Maersk to Pilot Battery System on 4,500 TEU Boxship
A containerized 600 kWh marine battery system will be installed on board the 4,500 TEU Maersk Cape Town.
OPT Welcomes Wiener as VP of Global Sales
Ocean Power Technologies (OPT) said that Jeffrey R. Wiener has joined the company as vice president of global sales. Prior to joining OPT, Jeff was senior vice president of sales for EOS Energy Storage, where he helped to develop and commercialize Eos’s proprietary zinc hybrid battery storage soluti
GLDD to Resume Virginia Beach Oceanfront Project
The Army Corps’ Norfolk District and City of Virginia Beach officials have just announced that the work on Virginia Beach oceanfront project will resume in the next couple of days. As reported, Great Lakes Dredge & Dock LLC – the Virginia Beach Hurricane and Storm Damage Reduction Project’s contract
Airport Authority Hong Kong Opts for Fugro
Airport Authority Hong Kong (AAHK) has awarded Fugro another significant land site investigation contract as part of the $18 billion three-runway system (3RS) project for the expansion of Hong Kong International Airport. Under the agreement, Fugro will perform geotechnical drilling and cone penetrat
Two Watermasters Class V for Accra
Samuel Atta-Akyea, the Minister of Works and Housing (MWH) of the Republic of Ghana, commissioned two amphibious dredgers in Accra yesterday. These two Watermaster Class V machines belong to Dredge Masters – a subsidiary of the Jospong Group of Companies. Since 2015, Dredge Masters has been undertak
Borr Drilling chief financial officer to step down
The chief financial officer of offshore drilling rig contractor Borr Drilling has decided to step down.
Former TGS CEO becomes Shearwater chairman
Norway’s seismic vessel fleet owner Shearwater GeoServices has named a new chairman of the company’s board of directors.
Norwegian Cruise Line Strengthening Its Position in Alaska
NCL signed a 30-year preferential berthing deal, which allows for construction of a new double ship pier in Ward Cove.
OPT Names New VP of Global Sales
Ocean Power Technologies (OPT) said that Jeffrey R. Wiener has joined the company as vice president of global sales. Prior to joining OPT, Jeff was senior vice president of sales for EOS Energy Storage, where he helped to develop and commercialize Eos’s proprietary zinc hybrid battery storage soluti
Trafigura, DBS Bank Launch Blockchain Trade Platform in Singapore
The platform’s pilot trade of USD 20 million worth of iron ore would be shipped from Africa to China this month.
K Line Orders 210,000 dwt Bulker against JFE Steel Contract
Following delivery, the ship would be deployed for iron ore and coal transportation under a contract with JFE Steel.