Business & Finance
Cellulose Aeration Lagoon Dredging VIDEO
Watermaster has just released this amazing video from the recently completed Cellulose Aeration Lagoon Dredging Project in Chile. Under the scheme, a pulp mill development and expansion project required the removal of more than 120,000m³ of organic sludge from an aeration lagoon of the effluent plan
Meyer Turku in talks to lay off 450 workers
Finnish shipbuilder Meyer Turku shipyard has launched talks with its employees on the layoff of 450 people as a result of the coronavirus crisis on the yard’s operations. The company said the temporary layoffs would differ in length and that additional 900 people would be affected by other types of
Neptune kicks off Fenja drilling campaign
Neptune Energy has kicked off its Fenja drilling campaign, located offshore Norway, following the spud of the first well.
VIDEO Emptying Sand Barges by Using DOP Dredge Pump
Damen Shipyards has just released a video named ”How to Empty Sand Barges Using a DOP Dredge Pump”, recorded during a project in Haringvliet, the Netherlands. Under the contract, for a newly created island 5.000m³ of coarse sand had to be transported. This new island is located in a very shallow are
OKEA dives deeper into the red
OKEA sank deeper into the red in the first quarter of the year affected by lower oil and gas prices and sales volumes resulting in impairments of over $60 million.
Norwegian Cruise Line targets half a billion worth of cost cuts
On the heels of a significant economic blow from the suspension of global cruises due to the COVID-19 pandemic, Norwegian Cruise Line Holdings has had to launch a serious cost-cutting mission to stay afloat. In its latest business update, the cruise line company said that it was targeting a $515 mil
BP profit slips on demand destruction and low prices
BP reported a significant decline in its quarterly profit due to lower prices and the destruction of oil demand by the coronavirus crisis.
Q1 demand for Alfa Laval’s scrubbers down
Swedish engineering group Alfa Laval saw a significant drop in demand for its exhaust gas cleaning systems (scrubbers) during the first quarter of this year, the company said in its quarterly report. The order intake was down year-on-year amid general uncertainty around retrofit yard slot availabili
Helge Møgster resigns as DOF chairman
Norwegian supply shipping company DOF said that Helge Møgster will resign as its chairman of the board. Helge Møgster is one of the main owners in the Møgster family’s holding company, Laco. Møgster, who has served as a cahirman of DOF for 18 years, will also resign as chairman in DOF Subsea. The no
Sea-Intelligence: We are at the peak impact of the pandemic in terms of blank sailing
Danish consultancy Sea-Intelligence believes that the container shipping market has reached the peak impact of the pandemic in terms of blank sailings. Voiding of sailings has been a dominating technique adopted by liners to adapt to the drop in demand caused by the COVID-19 pandemic, to cut costs a
Dredger Albatros Busy in Portland Port, Dorset
Herbosch Kiere – specialized in river, port, coastal and offshore projects – is currently working in Portland Port, Dorset on their first UK dredging project. After a competitive tendering process, they were awarded the main contract for the dredging works at the outer arm of Queen’s Pier and the Ou
Wellesley hires Dolphin rig for North Sea campaign
Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.
Nestlé UK and Ørsted sign offshore wind PPA
Nestlé UK has signed a long-term corporate power purchase agreement to buy the output of 31 MW from Ørsted’s Race Bank offshore wind farm. The UK subsidiary of the world’s largest food and beverage company, Nestlé, signed a 15-year indexed fixed price agreement with Ørsted. This is Ørsted’s largest
Ernst Russ wants to further grow within the shipping segment
Germany’s Ernst Russ Group closed the 2019 financial year with positive overall business performance, completing a number of strategically important projects and further expanding as a maritime asset and investment manager.