Business & Finance
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
CSD MOHAB MAMEESH Hits the Water
The Suez Canal Authority (SCA) and Royal IHC (IHC) successfully launched cutter suction dredger (CSD) MOHAB MAMEESH today, Friday, 15 May. The launching ceremony took place at IHC’s shipyard in Krimpen a/d IJssel, The Netherlands. The 29,190kW heavy-duty rock CSD has been specifically designed in cl
Damen Shiprepair Harbour & Voyage teams up with Verolme Special Equipment on scrubber maintenance
Damen Shiprepair Harbour & Voyage (DSHV), part of the Dutch Damen Shipyards Group, has signed a joint partnership cooperation deal with compatriot equipment manufacturer Verolme Special Equipment for the provision of services to exhaust gas cleaning systems (EGCS), widely known as scrubbers. The agr
Siemens Gamesa kicks off personnel safety training
DuPont Sustainable Solutions (DSS) has begun working with Siemens Gamesa’s Offshore business unit on training approximately 6,000 employees in developing greater risk awareness to improve safety. The companies partnered to implement DuPont Risk Factor training, as well as group leadership coaching f
Higher bunker costs hurt Hapag-Lloyd’s earnings
German shipping major Hapag-Lloyd felt a negative impact of higher bunker prices in the first quarter of this year as it reported lower earnings.
UK extends comment period for proposed CfD changes
The UK government has extended the comment period for the proposed amendments to the Contracts for Difference (CfD) scheme due to the COVID-19 crisis. The consultation period was initially supposed to end on 22 May but has been extended to 29 May to give more time for sending responses. To remind, t
Fincantieri revising delivery dates with owners to mitigate COVID-19 impact
Italian shipbuilding major Fincantieri is focusing its efforts on renegotiating delivery dates of the secured newbuilding orders in order to preserve the acquired backlog. The majority of the company’s clients are looking at their capital expenditures and the possibility of delaying certain projects
Siemens Gamesa chooses Sif’s site for Hollandse Kust Zuid marshalling ops
Siemens Gamesa has signed a contract with Sif for marshalling activities at Sif’s site in the Port of Rotterdam. The site will be used to support wind turbine installation at the Hollandse Kust Zuid offshore wind farm. The contract, under which Siemens Gamesa’s wind turbines for Hollandse Kust Zuid
SeaMar bags new MMT deal for Deep Helder
Netherlands-based SeaMar Group has secured a new six-month contract from MMT for the offshore support vessel Deep Helder. Deep Helder is a DP2 offshore survey and ROV vessel with 50 berths. The 61-metre-long vessel is suitable for seabed surveys in water depths of 10–2000 metres. The vessel is also
SeaBird stays in red despite revenue boost
Oslo-listed SeaBird has recognized net loss of $0.3 million for Q1 2020, against net loss of $0.4 million in the same period in 2019. SeaBird recorded revenues of $25.3 million in Q1, a 105 per cent increase compared to $12.3 million in Q1 2019. Significant part of revenues in Q1 2020 relates to a 3
Descalzi gets third term as Eni chief executive officer
Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.
TV Dredging to Build Dredger for Hoftijzer Verhuur
TV Dredging has been nominated by Hoftijzer Verhuur- en Aannemingsbedrijf to build a new deep suction dredger and booster pontoon. The new custom-build vessel will be used for sand extraction. The in-house engineered vessel – type TVD DSD 35 DE – will have a dredging depth of 37m. The main vessel me
Germans asking for offshore wind CfD and capacity target
The Association of German Wind Farm Operators (BWO) and WAB are calling for a long-term reliable investment and financing framework for offshore wind projects in Germany that would require the introduction of contracts for difference (CfD) and dialogue on a long-term expansion target until 2035. In
Sovcomflot’s quarterly profit surges
Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increa