Business & Finance
Container freight rates holding up as blank sailings hit 435
The container carriers have blanked a total of 435 sailings on various deep-sea trades, equaling a demand decline of 7 million TEU in 2020 caused by the COVID-19 pandemic’s impact on global economies. The figures were revealed by Danish consultancy Sea-Intelligence, which said the push has served as
Tallink CEO: economic impact of COVID-19 is painful
Estonian ferry company Tallink Group has like many other tourism and transportation companies sustained a major financial blow from the global health crisis caused by the COVID-19 virus. Given the sudden downfall of what was a buoyant market just two months ago, Tallink is focusing its efforts on ma
GTT first-quarter revenue up
French liquefied natural gas containment specialist GTT reported a 74 per cent rise in first-quarter revenue as new orders keep pouring in. GTT, which is about 40 per cent owned by French utility Engie, said its revenue reached 102.5 million euros ($111.2 million) in the first quarter of this year.
The First Issue of 2020 Terra et Aqua Available
The International Association of Dredging Companies (IADC) has released the latest edition of their Terra et Aqua magazine. The first issue of 2020 discusses protective sand, compacted grains and a contract selector. Articles in this edition are: Effective contract-type selection in the dredging ind
Energy transition: Will the Netherlands lead the private investment charge?
Moving from carbon-intensive fossil fuels to more sustainable forms of energy is an area of major focus in the Netherlands as it is across Europe, but investing in energy transition involves navigating complex regulatory systems and bridging crucial knowledge gaps. On 28 November 2019, the European
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 13-19, 2020). PHOTO: Damen CSD500 at Basra Terminal A Damen CSD500 has been working on the Basra Gateway Terminal in Iraq continuously since it was delivered early 2018. Van Oord Presents Annual Report an
EC-OG lands Par Equity boost
Subsea clean energy specialists EC-OG have received £ 1.6 million from an investment consortium led by Par Equity. EC-OG will use the funds to support its growth plans of its Halo battery storage system for subsea applications. The investment will also create up to 40 jobs in Aberdeen over the next
Stolt-Nielsen to scrap scrubber retrofits where possible to cut costs
Oslo-listed shipowner Stolt-Nielsen is looking for ways to cut expenditures during the pandemic and is planning to cancel scrubber retrofits on its tankers where it is possible, the company’s CEO Niels Stolt-Nielsen said. As such, the chemical carrier and tank terminal owner has identified up to $30
Shell and Aker BP cancel Maersk Drilling’s rig contracts
Danish offshore drilling contractor Maersk Drilling has received notices of termination for two drilling rig contracts.
Exmar shuffles board as chairman passes away
Belgian shipowner Exmar has made board changes following the death of its chairman Baron Phillippe Bodson. The LNG and LPG player said on Friday that Baron Phillippe Bodson, aged 75, had sadly passed away on 4 April following his 3-week fight against Covid-19 coronavirus. As part of the management c
Former Dredging Depot to Become Offshore Wind Hub
The Port of Amsterdam will turn a dredging depot at the former Averijhaven into an energy port to serve as a base for the construction and maintenance of offshore wind farms. The port is carrying out the Energiehaven project in collaboration with the province of North Holland, the municipality of Ve
Aker BP merges two units and names senior VP
Norwegian oil and gas company Aker BP has made changes to its executive management team as a result of reduced activity and the subsequent need for organizational adjustments.
Port Solent Dredging Kicks Off
ML (UK) Dredging Ltd is about to begin a maintenance dredging operations in the Port Solent area. According to the notice provided by the Queen’s Harbour Master Portsmouth, this routine dredging will be conducted within the Port Solent Approaches, starting today (17 April 2020). The works will be co
Harwich Harbor Dredging Underway
The Harwich Harbor maintenance dredging program, conducted by the trailing suction hopper dredger (TSHD) Sospan Dau, is currently underway. The dredged material will be disposed of to the beneficial sites in the River Stour and River Orwell. Maintenance dredging is carried out approximately five tim