Business & Finance
Readers’ Picks of the Week (March 16-20, 2020)
Here are the most read stories of the previous week.
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (March 16 – March 22). https://subseaworldnews.com/2020/03/16/saipem-opts-to-buy-dlb-norce-endeavour/ https://subseaworldnews.com/2020/03/16/jfd-snaps-up-fathom-systems/ https://subseaworldnews.com/202
OKEA to postpone all sanction decisions for drilling and seismic programs
As a result of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices, Norwegian oil and gas company OKEA will postpone all project sanction decisions and, where possible, further cancel sanctioned plans.
Norway’s Investment Company Buys Into Offshore Wind
Norwegian investment company Magnora ASA has acquired a stake in a 500MW shallow-water offshore wind project in Northern Europe. According to Magnora, the final transaction agreements for the offshore wind project have been signed. The cooperation with the founders and the development of the project
The Scope of Dredging in Russia Expected to Grow
The scope of dredging and hydraulic engineering works in Russia is expected to grow this year, informs the maritime industry media group PortNews. A series of 20 dredgers is to be built for operations on inland waterways with Damen sharing its innovative technologies with the industry. Those and oth
Dragflow to Deliver New Dredger to the States
Dragflow, an Italian producer of dredging equipment, announced today that their new massive dredge is about to be shipped to the USA. “Our massive dredge is almost ready to fly to USA,” the company said in the announcement. According to Dragflow, the new dredge is ready to take on a complex project
Bristow adapts three helicopters for transporting coronavirus cases
Offshore helicopter operator Bristow has configured three of its helicopters for transporting coronavirus cases.
Coronavirus Crisis: Hapag-Lloyd Prepares for a Difficult Year Ahead
Hapag-Lloyd expects a difficult year ahead that would result in necessary fleet adjustments and lower earnings.
Carnival Bracing for Net Loss in 2020 FY as a Result of COVID-19
Carnival Corporation expects to post a net loss for operations for the fiscal year ending November 30, 2020.
Fergus Graham Resigns from James Fisher
Marine services provider James Fisher and Sons sad that Fergus Graham has stepped down from the board and from his role as director of Marine Support Division, with immediate effect. Graham will remain an employee of the company until 19 March 2021. He joined James Fisher in January 2017 as the dire
Ocean Yield Accepts Delivery of Two Scorpio Ultramaxes
Ocean Yield has taken delivery of two Ultramax dry bulk vessels purchased from Scorpio Bulkers.
HHLA Forecasts Strong Fall in Earnings from Coronavirus Impact
HHLA expects its revenue and operating result for 2020 to fall considerably below figures reported last year.
JFD Puts Training Courses on Hold Due to COVID-19
JFD has decided to postpone all training courses within JFD’s portfolio in response to the global outbreak of COVID-19. The full training programme will be reintroduced as soon as relevant Governments advice states that it is safe to do so. Those who have booked a training course with JFD that has n
IHC Beaver 45 Performs the Salvage Work
Royal IHC Beaver cutter suction dredgers are genuinely multi-purpose vessels. During a recent storm, a general cargo vessel ZELEK STAR dragged anchor at Ashdod Anchorage, Israel, and after drifting around the vessel finally rested on a beach near port breakwater. According to Reuters, the vessel was