Business & Finance
Felinheli Flood Protection Project Resumes
Work is set to resume on a £700,000 flood protection scheme that will help protect homes and businesses in Felinheli, Gwynedd Council reports. The work had to be delayed due to the effects of COVID-19, but work will now resume this week. The Contractors, Anglesey firm OBR Construction, have implemen
Blyth Dredging About to Begin
A Port of Blyth maintenance dredging program is set to begin Wednesday, May 20, the port said in their latest release. This campaign of maintenance dredging will be conducted at the Port approaches, main navigational channel and operational commercial berths. The Port of Blyth dredging works will in
VIDEO Dredging Trench for Wind Farm by Herbosch-Kiere
Herbosch-Kiere nv, a company specialized in river, port, coastal and offshore projects, has just released this beautiful video of their barge Gaverland, taken during the dredging and backfilling works on a 350m trench in the shallow nearshore tidal zone at Courance beach in France. The project is fo
Roxtec UK names new marine and offshore manager
Roxtec UK is increasing its presence in Britain’s maritime sector with the appointment of Mark Whelan as a new marine and offshore manager. Whelan will have responsibility for business development in the south of England. Mark Whelan joins the Swedish-owned company having spent 10 years at another i
Cable tech pioneer Enertechnos raises £5M
UK clean energy technology innovator Enertechnos said it has raised £5 million in a Series A funding round. The round secured further 30 per cent backing by existing investors. The remainder were provided by individual investors, including energy and engineering specialists alongside former cabinet
Siemens Gamesa signs Hornsea Two bank guarantee line
Siemens Gamesa has signed a bank guarantee line for up to EUR 600 million to cover the construction of components for the 1.4 GW Hornsea Two offshore wind farm. Located in the North Sea and owned by Danish utility company Ørsted, the farm will consist of 165 Siemens Gamesa wind turbines. BNP Paribas
Alfa Laval wants to become carbon neutral by 2030
Alfa Laval, a Swedish-based supplier of products and solutions for heat transfer, separation and fluid handling, has joined the ‘1.5°C Business Playbook’, a spin-off from the ‘Exponential Roadmap’ initiative. The playbook is a guide for climate strategy and action, and it aims to transform the econo
Fuels and the Transition to ZERO-EMISSION Vessels
Emission reduction is one of the biggest innovation challenges for the maritime industry. In recent years, this was mainly driven by the implementation of strict emission regulations, such as the IMO global sulphur limit. As a result of the Paris Agreement, the focus is shifting towards the reductio
Unions, employers give govts one month to sort out crew changes
After extending seafarers’ contracts at sea twice due to the overall challenges for executing crew changes and keeping seafarers safe from exposure to COVID-19, the unions and employers have given governments one month to facilitate crew changes. The deadline was revealed last week following the lat
Total buys EDP’s assets in Spain
French energy company and LNG player Total has agreed to buy some power and gas assets in Spain from Portugal’s EDP. The deal includes 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts, Total said on Mo
Equinor bites dust in North Sea well
Equinor has drilled a dry well near the Fram field in the North Sea offshore Norway.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (May 11-17, 2020). Tema Port Expansion Completed Ahead of Schedule Meridian Port Services Limited (MPS) successfully completed the entire Phase 1 works of the Tema Port Expansion Project in Ghana (also known as Te
Petrofac reveals fresh cost-cutting plans
In order to mitigate the effects of coronavirus crisis and low oil prices, oilfield services provider Petrofac is taking further action to reduce costs and preserve balance sheet.
GC Rieber takes impairment dive
GC Rieber Shipping has seen its quarterly loss widened on Subsea & Renewables fleet impairment as a result of current market. Namely, the company recognised an impairment of its Subsea & Renewables fleet in Q1 2020 of NOK 293.3 million. As a result, GC Rieber booked loss of NOK 301.6 million, agains