Business & Finance
Vigor Marine Secures Dredge Essayons Ship Repair and Overhaul Contract
Vigor Marine LLC of Portland, Oregon, has won an $8 million contract for hopper dredge Essayons ship repair and overhaul. According to the U.S. Department of Defense (DoD), all overhaul, maintenance, and drydock work will be performed at the contractor’s facility in Portland with an estimated comple
KHI: Ultramax Newbuild Handed Over to Gramos Navigation
Gramos Navigation has accepted delivery of Gramos, a 61,000 dwt bulk carrier newbuild.
Euronav Cuts Net Loss in Third Quarter
The company’s net loss was at USD 22.9 million, compared to a net loss of USD 58.7 million seen a year earlier.
Bids Invited for Cascadilla Dredging
Sealed bids for Cascadilla Creek Dredging in the City of Ithaca, NY, will be received by the Office of the City Controller until 2:00PM local time, Thursday, November 21, the New York State Government reports. In general, the project consists of the following: maintainence dredging of approximately
GE and Poles Sign Offshore Wind Agreement
The Polish Ministry for Investments and Development and GE Renewable Energy have signed a Letter of Intent (LoI) to cooperate on the development of Poland’s offshore wind sector. Polish Minister of Finance, Investment and Development Jerzy Kwieciński and GE’s Sławomir Żygowski and Fabrice Kermorgant
Ciena Boosts IMEWE Submarine Cable
IMEWE (India-Middle East-Western Europe), the ultra-high capacity fiber optic submarine cable system, is deploying Ciena’s coherent optical solutions and automation software to address network capacity requirements in the region. Ciena’s solutions provide IMEWE with a network capable of delivering i
Hafnia: Fourth LR1 Newbuild Delivered
Hafnia and CSSC have taken delivery of Hafnia Beijing, the fourth unit in a series of six LR1 vessels.
Rig impairments drag Transocean deeper into the red
Affected by impairments for three retired rigs, offshore drilling contractor Transocean more than doubled its losses in the third quarter of the year when compared to the last year’s 3Q.
Sri Lanka Land Development Corporation Opts for Dredge Yard Vessel
Dredge Yard and its sole agent in Sri Lanka, Hoavel Holdings, have won an order for a standard Cutter Suction Dredger ECO 300. The new dredger will be used by Sri Lanka Land Development Corporation (SLLDC) for the cleanup of the Beira Lake in Colombo, Sri Lanka. According to the company, Hovael Hold
Telxius Opens Derio Communications Hub
Telxius, the communications infrastructure company of the Telefonica Group, has launched its purpose-built, interconnection-rich, Derio communications hub. Strategically located in the north of Spain, it is only a few kilometers away from subsea cable MAREA’s landing point. With 2,000 sqm and up to
Canaan Lake Restoration Project in Full Swing
Galvin Bros., Inc. Construction Company is currently working hard on the Canaan Lake Restoration Project using Remu Big Float E22 Amphibious Excavator. Canaan Lake is a 26 acre lake in Long Island, New York, that has been affected by many different invasive plant species making the lake essentially
MacGregor Riser Pull-In System for CNOOC Deepwater FPU
MacGregor, part of Cargotec, has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater Floating Production Unit (FPU) located in the Lingshui 17-2 gas field. The order is booked into Cargotec’s third quarter of 2019 order intake
Vattenfall Feels Wind Bump
Vattenfall’s Wind Business Area saw an increase in net sales and the underlying operating profit during the first nine months of the year, mainly owing to new capacity and higher production due to stronger winds. In the last twelve months, Vattenfall commissioned two wind farms, the 29MW Slufterdam
Jan De Nul Delivers Farmosa 1 Subsea Scope
Jan De Nul has completed an EPCI scope for foundations, power cables and scour protection on the Formosa 1 Phase 2 offshore wind farm, located in Miaoli County, Taiwan. The wind farm is owned by a partnership of Ørsted (35%), JERA (32.5%), Macquarie Capital (25%) and Swancor Holding (7.5%). Jan De N