Business & Finance
Hafnia Unveils Pre-Listing Offering on Oslo Stock Exchange
The company would list its common shares on Oslo Axess upon completing the pre-listing private placement.
Seaway 7 Wins Farmosa 2 Jackets Setup Gig
Subsea 7’s renewables and heavy lifting business unit, Seaway 7, has been awarded a contract by Jan de Nul for the Formosa 2 offshore wind farm project in Taiwan. The contract scope includes the transportation, pre-piling and installation of 47 jacket foundations for wind turbines. Seaway 7 will exe
Venice Dredging Underway
A U.S. Army Corps of Engineers Jacksonville District’s maintenance dredging project to maintain the Gulf Intracoastal Waterway in Venice, Florida, is currently underway, the City of Venice reports. The project involves removal of shoaled sediment and use of the dredged material on the beach and near
GTNS Wraps Up Seasonal Works Near Konevets Island in Ladoga Lake
Multifunctional platform MFP-001 and hopper barge Nereis of Global Technologies for Innovative Systems (GTNS) have completed their seasonal works near the Konevets island in the Ladoga lake (Priozersk District of the Leningrad Region). Aleksey Revyakin, General Director of GTNS, reported the news to
Wind Assisted Ship Propulsion Project Officially Launched
Wind propulsion systems can be installed on existing vessels saving 5-20% of fuel and emissions.
Atlantis in New Tidal Project with Kyuden Mirai Energy in Japan
SIMEC Atlantis has signed a contract to supply tidal generation equipment and offshore construction services to Japan’s Kyuden Mirai Energy (KME) for a demonstration project in Japan. The project, located in the straits of Naru Island within the southern Japanese Goto island chain, has a total budge
One Ocean Expeditions Restructuring after Vessel Withdrawals
The only ship remaining in One Ocean Expeditions’ fleet is the RCGS Resolute.
Oceaneering Quarterly Loss Narrows
Oceaneering has reported a net loss of $25.5 million, or 26 cents per share, for the three months ended September 30, 2019. The result compares with net loss of $66 million same time last year. During the prior quarter ended June 30, 2019, Oceaneering reported a net loss of $35 million, or 36 cents
Orion Group Unveils Third Quarter Results
Orion Group Holdings, Inc. (ORN) has reported a net income of $4.0 million ($0.14 diluted earnings per share) for the third quarter ended September 30, 2019. “For the third quarter, we posted our highest quarterly revenues in the company’s history and delivered positive operating profit in both segm
European Commission Launches In-Depth Probe into Fincantieri-Chantiers Deal
The European Commission opens an in-depth investigation into the acquisition of Chantiers de l’Atlantique.
Port of Rotterdam Authority Scales Back Brexit Measures
Rotterdam has again put its preparatory measures for a No-Deal Brexit on hold due to a Brexit extension.
Port Nelson Preparing for Bigger Ships
Port Nelson, New Zealand, has just announced that commencing today (October 31) contractors will be drilling of the seabed in and around the port for geotechnical purposes. According to the company’s environmental officer, Kelly Leonard, the drilling is needed before the company can begin dredging o
DEME’s New TSHD River Thames Hits the Water
DEME Group today announced that their newly-built trailing suction hopper dredger (TSHD) River Thames has been successfully launched at the PaxOcean shipyard in Batam, Indonesia. The 2,300m³ River Thames is the first of two new trailing suction hopper dredgers joining DEME’s fleet in 2020. “The comp
Equinor Picks JDR and Subsea 7 for Hywind Tampen Cabling
JDR Cable System and Subsea 7 Norway have been awarded cabling contracts for Equinor`s Hywind Tampen project. JDR will be responsible for the design, procurement and fabrication of export and inter-array cables. The cables will be fabricated in Hartlepool in the UK. Subsea 7 has been tasked with ins