Business & Finance
MSC resolves network outage
Swiss-based container shipping major Mediterranean Shipping Company (MSC) has resolved its network outage issue which has kept some of the company’s digital tools down for five days. The company said that all internal systems were fully functional and that all its booking options and the website msc
Total picks eDrilling for well construction planning technologies
eDrilling, a supplier of AI, machine learning, and predictive analytics solutions to the oil and gas industry, has been awarded a contract by French oil major Total for its well construction planning technologies.
SeaBird looks to drive down costs further
Oslo-listed seismic player SeaBird has decided to reduce costs further and postpone capex until the market situation normalizes. The company said that immediate effects of the COVID-19 situation are operational. In particular, SeaBird said it is experiencing difficulties with crew changes for existi
RIDG bolsters team ahead of ScotWind
Edinburgh-headquartered Renewable Infrastructure Development Group (RIDG) has expanded its team with two hires in preparation for the ScotWind offshore wind seabed leasing round in Scotland. Isla Robb will lead on RIDG’s Supply Chain and Skills as an Associate Director, working to ensure that the RI
Spirit taps Three60 for modification and repair services in UK
Energy services group Three60 Energy has won a framework contract to deliver engineering and support services for minor modification and repair services on Spirit Energy’s UKCS assets.
Clir clears 1 GW offshore wind mark
Clir Renewables has optimized the performance of more than 1 GW of offshore wind assets in Europe by the end of the first quarter of 2020. According to Clir Renewables, this milestone follows 2019’s mammoth year of offshore wind construction, with 3 GW installed in Europe alone. The company explains
Boskalis Refinances Its Current RCF
Royal Boskalis Westminster N.V. (Boskalis) has refinanced its revolving credit facility (RCF) providing the company with EUR 500 million committed bank financing until April 2025. The new facility was coordinated by ING Bank and is provided by a syndicate of seven banks (ABN AMRO Bank, BNP Paribas,
Atlantis execs take pay cut but tidal business stays safe
SIMEC Atlantis said that COVID-19 pandemic has had minimal disruption to its tidal business as it furloughs employees on other projects and implements cost saving measures to maintain liquidity. MeyGen in Scotland continues to export power reliably to the grid. In March this year, MeyGen delivered 2
Motive adds new Rentals Division manager
Motive Offshore Group has recently appointed David Leith as Rentals Division manager. Motive’s Rental Division has seen a good start to 2020 as it focuses on the specialised rental of high capacity winches, umbilical deployment and subsea equipment. Discussing 2020 results so far, David Leith said:
Manor settles at Siemens Gamesa’s Hull facility
Manor Renewable Energy has established an operational hub at Siemens Gamesa’s manufacturing and port facility in Hull, the UK. Manor said its new offices and presence on the Siemens Gamesa 450,000m2 site means the business is geographically closer to its offshore wind customers. “The Siemens Gamesa
Carriers took out 3 million TEU from Asia-Europe and Transpacific trades
Responding to the global demand drop caused by the COVID-19 pandemic, container shipping majors have removed a total of 3 million TEU of capacity from Asia-Europe and Transpacific trades combined, the latest data from Sea-Intelligence shows. The Copenhagen-based consultancy focusing on the container
Namaka Subsea appoints operations director UK
Namaka Subsea has appointed Alan Melia as operations director UK. Alan has worked in the diving industry for many years. In his new position, Alan will play a key role to help take the company forward supporting and overseeing projects both locally and globally. “We wish Alan all the very best of su
IADC Seminar on Dredging and Reclamation in Singapore
This year, from 5-9 October 2020, the International Association of Dredging Companies (IADC) will host their Seminar on Dredging and Reclamation again in Singapore. The Seminar was developed for both technical and non-technical professionals in dredging-related industries, from newcomers in the fiel
Founder of Royal Caribbean Cruises dies at 90
Arne Alexander Wilhelmsen, a founder of Royal Caribbean Cruises died on Saturday, April 11, 2020, in Palma, Spain, at 90-years old. Wilhelmsen was a constant influence on the company from its founding, serving more than three decades on the company’s board of directors. “At a time when the rest of t