Business & Finance
FSG Delivers Eighth RoRo Newbuild to Siem
FSG has delivered another 32,336 GT roll-on/roll-off (RoRo) ferry to Siem Europe.
James Fisher Board trims its salaries
James Fisher and Sons is making business moves to cushion the potential blow of the global pandemic crisis in the near future. The Group has taken steps to reduce costs, optimise cash flow, and to protect liquidity.
BP charters Foinaven FPSO for up to ten years
Teekay, which has recently decided to change its name to Altera Infrastructure, has entered into a new bareboat charter contract with the Foinaven operator, a subsidiary of BP, for the Petrojarl Foinaven FPSO.
Cairn Energy makes ‘significant’ reductions to capex. All exploration activity deferred
Cairn Energy has made significant reductions and deferrals regarding its 2020 program, representing an overall 23 percent reduction in capital expenditure for the year.
CIP invests in four German North Sea grid connections
Copenhagen Infrastructure Partners (CIP) has bought minority stakes in joint venture companies related to the operation of four grid connection systems in the German sector of the North Sea: BorWin1, BorWin2, HelWin2, and DolWin2.
Coronavirus Uncertainties Steer Konecranes to Profit Warning
Konecranes has issued a profit warning for 2020 due to demand outlook uncertainties from the pandemic.
Green Maritime Methanol Partners Launch Engine Testing Programme
The Green Maritime Methanol consortium achieves a new project milestone.
Offshore wind generates 9.9% of UK energy in 2019
Offshore wind generated 9.9% of total energy in the UK in 2019, largely due to new capacity coming online, according to the UK Department for Business, Energy and Industrial Strategy (BEIS). The UK renewable electricity capacity was 47.4GW at the end of 2019, a 3GW or 6.9% increase on the year earli
EMGS to keep only skeleton crew after entering into cost-saving mode
Sharp oil price drop and the global coronavirus pandemic have pushed Norwegian seismic survey company EMGS to operate in a low-cost setup to preserve sufficient liquidity.
IHC Delivers Equipment for Van Oord’s New TSHD Vox Ariane
After 1½ years working in close corporation with Van Oord on the product, Royal IHC yesterday delivered the suction pipe with submerged dredge pump for Van Oord’s newest 10,500m³ trailing suction hopper dredger Vox Ariane. The two onboard dredge pumps and three jet water pumps belonging to the dredg
Kongsberg Wraps Up Hydroid Sale
Kongsberg Maritime has completed the sale of its US-based underwater technology company Hydroid to Huntington Ingalls Industries (HII). The two companies entered into $350-million sale and purchase agreement in February this year. Back in 2007, Kongsberg Maritime acquired Hydroid for $80 million. In
Cathie Adds Senior Project Geophysicist
Cathie, an offshore geoscience and geotechnical engineering consultancy, has appointed Roger Birchall as senior project geophysicist. Birchall joins Cathie’s London team as senior project geophysicist. Prior to starting the role, Birchall worked as an associate for Cathie providing project managemen
Fincantieri Extends Production Halt at All Cruise Ship, Naval Plants
Fincantieri will further extend the work stoppage at all its military and cruise vessel production plants and offices.
TSHD Artevelde Rainbowing at the New Lock Terneuzen (PHOTO)
With the most stringent health & safety precautions in place, DEME Group crews and project teams are doing their very best to keep projects moving forward despite the challenging times. The same goes for the company’s trailing suction hopper dredger ‘Artevelde’ that was pictured last week rainbowing