Business & Finance
Fincantieri Refutes Rumors Linked to Chantiers Deal
Fincantieri denies reports that EU antitrust authorities would commence an in-depth analysis of the Chantiers deal.
Shell buys Total’s offshore block for $300 million
French oil giant Total has decided to sell its interest in a block located offshore Brunei to Shell for $300 million.
Lake Zumbro Restoration Project VIDEO
Two-thirds of the way through, the Lake Zumbro Restoration Project in Rochester, Minnesota, is on track, reports J.F. Brennan Company, Inc. The contractor has just released this 3 minute video that examines project goals, the team involved, and takes a close look at the 80-acre confined disposal fac
Wikinger, East Anglia ONE Boost Iberdrola’s Numbers
Spanish energy company Iberdrola’s offshore wind farms generated 1,493 GWh of electricity in the first nine months of 2019, a 37.9% increase compared to the same period last year. The increase is due to the 350MW Wikinger offshore wind farm’s contribution over the full nine-month period this year an
Wikinger, East Anglia ONE Boost Iberdrola’s Numbers
Spanish energy company Iberdrola’s offshore wind farms generated 1,493 GWh of electricity in the first nine months of 2019, a 37.9% increase compared to the same period last year. The increase is due to the 350MW Wikinger offshore wind farm’s contribution over the full nine-month period this year an
CargoSmart: Schedule Reliability Rises in Q3 2019
Ocean schedule reliability for third quarter was 75.7%, slightly higher than in the second quarter of 2019.
Special 3-Day Dredging Seminar Comes to Mumbai, India
The International Association of Dredging Companies (IADC) will be the host of a special 3-Day Dredging and Reclamation Seminar in Mumbai, India. The seminar is set to take place November 26 – 28, 2019 in the Radisson Mumbai Andheri MIDC. According to IADC, the seminar is aimed at decision makers an
FEMA Grants Funds for South San Francisco Projects
The Federal Emergency Management Agency (FEMA) granted $3 million to San Mateo County to improve the Colma Creek Flood Control Channel recently. Upgrades will protect the City of South San Francisco from tributary flooding, mitigate the effects of sea level rise beyond the year 2060, and double the
Total profit tumbles due to lower prices
French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an increase in production.
Global Marine Group Sells Its Stake in Huawei Marine Networks
Global Marine Group, a HC2 Holdings’ Marine Services Segment, has agreed to sell its stake in Huawei Marine Networks, its 49% joint venture with Huawei Technologies, to Hengtong Optic-Electric. The sale of GMG’s interest values HMN at $285 million, and GMG’s 49% stake at approximately $140 million.
Video: FSG Launches Siem’s Newest RoRo Vessel
Germany’s FSG has launched a 4,076-lane meter RoRo freight ferry being built for Norwegian Siem Europe.
Boskalis to Dredge Port-La-Nouvelle in France
The Occitanie/Pyrénées-Méditerranée Region has awarded a contract for the port expansion of Port-La-Nouvelle, in south-western France, to the consortium formed by Bouygues Travaux Publics (lead company) and Boskalis Nederland BV. The total value of the project amounts to €199 million, for an overall
Ocean Yield Ends Third Quarter in Red
Net loss amounted to USD 63.2 million, compared to a net profit of USD 39.9 million reported a year earlier.
DNR Introduces Tool for Beneficial Use of Dredged Materials
The Maryland Department of Natural Resources (DNR) has developed a new conservation tool to identify opportunities for the beneficial use of clean dredged sediments. Beneficial Use – Identifying Locations for Dredge (BUILD) is a mapping tool that will support the state’s Chesapeake Bay restoration e