Business & Finance
Sukhyi Estuary Dredging Tender Released
The Chornomorsk branch of the Ukrainian Sea Ports Authority (USPA) has released a tender for the Sukhyi estuary dredging works. According to USPA, the Chornomorsk Sea Port Authority will select a contractor for the reconstruction of the operating water area of the 1st boot basin of the Sukhyi estuar
NAT cashing in on never stronger tanker market
The tanker market has never been so strong, according to Herbjørn Hansson Chairman & CEO of Nordic American Tankers (NAT). The company, which owns and operates Suezmax tankers, is cashing in on the market bonanza and unprecedented demand for floating storage. Namely, big oil companies the likes of E
Protecting the Danish North Sea Coast
The mainland of Denmark is a low-lying peninsula that juts out 300 km into the North Sea from northern Germany, and the North Sea coast is a landscape of estuaries, inlets, low cliffs, dunes and long sandy beaches. According to Per Sørensen, Head of Coastal Research at the Danish Coastal Authority,
Gulf of Ob Dredging Deal Inked
FSUE Hydrographic Company and Mordraga have signed an agreement for reconstruction of the Gulf of Ob seaway canal where the Novatek’s Utrenny terminal is being built, IAA PortNews reports. The limit price under the agreement is $504 million. According to IAA PortNews, the works will last for three y
PGNiG says Gazprom did not slash gas prices
Poland’s dominant gas firm PGNiG claims that Russian giant Gazprom has not reduced gas prices despite a court ruling last month. The arbitration tribunal in Stockholm ruled in March that Gazprom must pay PGNiG about $1.5 billion in a pricing dispute case. The court also ruled that a gas pricing form
Red ink for Kvaerner as coronavirus costs bite
Affected by coronavirus costs and provisions, Kvaerner sank to a loss in the first quarter of the year compared to a profit in the year-before quarter.
Port of Antwerp: Port dues can be paid late due to COVID-19
In order to support companies in Belgium’s Port of Antwerp during the coronavirus crisis, Antwerp Port Authority has agreed to let them delay payment of port dues for seagoing ships and barges.
Port authorities vow to keep trade going in fight against the pandemic
Twenty port authorities from different parts of the world have signed a declaration calling for collaboration and sharing of best practices in ensuring port operations remain open to trade as part of the global efforts to fight the COVID-19 pandemic. Ports across the globe have been declared essenti
Two new faces to join board of UK’s oil and gas regulator
The UK’s oil and gas industry regulator, Oil and Gas Authority (OGA), has named two new non-executive directors to its board of directors.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 20-26, 2020). Julong CSD Kicks Off Dredging Work in Su Ya Lake, China Julong’s two unit 20-inch dredger CSD500, equipped with France Baudouin brand diesel engine with total power of 2000hp, is starting the
Eni posts $3 billion loss, lowers production target due to capex cuts
Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.
UK presents support package to protect its ferry routes
The United Kingdom government has introduced a multimillion-pound coronavirus support package to keep the flow of goods and services running smoothly in and out of the UK, and around the country, throughout the pandemic.
Seabed Geosolutions puts Eidesvik’s vessel on standby
Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.
i3 Energy in talks with noteholders to waive condition for Liberator funding
i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.