Business & Finance
Siemens Gamesa Order Book Breaks Record in FY 2019
Siemens Gamesa has closed the fiscal year 2019 with a record order book of EUR 25.5 billion, a 12% increase year-on-year, as its order intake grew by 7.4% to EUR 12.7 billion. The Offshore unit registered double-digit growth of more than 10.9% due to new markets, mainly Taiwan, which contributed 1.5
Neste Brings New IMO 2020-Compliant Fuel to Germany
This new marine fuel has been available in Bremerhaven, Germany, since the beginning of November 2019.
New Cutter Suction Dredger for Vijay Construction Launched
The historical launching of the first locally owned dredger took place yesterday at Seychelles’ Providence Industrial Estate, Zone 20, in the presence of Danny Faure, the President of the Republic of Seychelles. The new cutter suction dredger (CSD) was built in China, the State House Seychelles said
New CFO elected at McDermott
McDermott has appointed Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately.
Report: Seafarer Happiness Levels Rise Across All Industry Sectors
Overall seafarer happiness was up from 6.27/10 to 6.59, representing “a very promising sign for the industry.”
Polarcus Reports Improved Results in Third Quarter 2019
Seismic player Polarcus has bounced back in black when compared to third-quarter 2018 as revenues increased some 19 percent. The Oslo-listed company reported profit for the quarter ended September 30, 2019 of $13.7 million, versus loss of $8.4 million in Q3 2018. For the nine months in 2019, Polarcu
Annisquam River Dredging on the Way
The Annisquam River federal navigation project in Gloucester, Massachusetts, will undergo maintenance dredging under the terms of a $7.8 million contract issued recently by the U.S. Army Corps of Engineers, New England District. The contract – awarded on Oct. 10th – will be performed by Coastline Co
Impairments drag McDermott into the red
McDermott reported a loss for the third quarter of 2019 compared to a profit in the same period last year mostly due to charges of $1.5 billion related to impairment.
Grand Canal Dredging Kicks Off
Nearly 500,000 cubic yards of muck will be removed from the Grand Canal as part of a $27 million Indian River Lagoon restoration project, Brevard County Board of County Commissioners reports. The dredging operations, expected to take four years to complete, officially started last week. The project
MOL-Operated Wood Chip Carrier Delivered at Oshima
Mitsui O.S.K. Lines (MOL) has taken delivery of Southern Treasure, a wood chip carrier newbuilding.
McDermott Posts Q3 Loss of $1.9B
McDermott has reported quarterly loss of $1.9 billion, or $10.37 per diluted share, compared to profit of $2 million, or 1 cent per diluted share in the third quarter of 2018. According to the the company, the result was due primarily to $1.5 billion goodwill and intangible assets impairments and $2
Ørsted Issues Green Senior Bonds in Taiwan
Ørsted has issued green senior bonds in Taiwan for the purpose of raising green financing for its investments in the local offshore wind sector. Ørsted has completed the pricing of new unsecured green senior bonds of nominal TWD 12 billion (circa EUR 342.6 million) in total comprising a 7-year TWD 4
GMS secures four-year deal in Middle East
Gulf Marine Services has been awarded a four-year contract for a K-Class (Small) vessel in the Middle East.
Interview with UniSite COO, Focusing on In-Depth Cooperation with Customers
UniSite Group, a Ningbo based company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, took part in some very significant projects all over the world during the last months. Just in the third quarter of 2019, UniSite successful