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Renewable Risk Advisers Wins Minesto Contract
Renewable Risk Advisers (RRA) has secured a framework agreement for insurance broker services from marine energy developer Minesto. The deal, valid for three years with possibility to extend it one more year, will see the UK-based firm provide insurances for renewable marine – tidal energy technolog
Maersk Drops 2020 Guidance amid Coronavirus Uncertainties
Maersk decided to suspend the 2020 guidance on EBITDA pending more clarity on the market development.
DOP250 with Cutter Cleaning Romanian Harbor
In the Romanian harbor of Galati, certain spots were in urgent need of maintenance dredging. For this dredging project, a Damen DOP dredge package was recently shipped to the site. The Port of Galati is located on the Danube river. Being the second largest port of Romania, the harbor needs regular d
EU: CMA CGM Gets Green Light to Sell Stakes in 10 Terminals
CMA CGM and CMP receive an EU approval for the sale of stakes in ten port terminals to Terminal Link.
No dividend and paycuts for top management as Kvaerner readies for coronavirus impact
Kvaerner will propose at its upcoming general meeting not paying dividends and a zero increase in the compensation to the company’s directors. In addition, Kvaerner CEO proposed a 10% reduction to his annual base salary to support the company amid an oil price war and the coronavirus outbreak.
VIDEO: Dredging Works on the River Parrett
WM Plant Hire yesterday released this beautiful video about the dredging operations on the River Parrett. The scheme is being led for Somerset Rivers Authority (SRA) by the Parrett Internal Drainage Board (IDB), working closely with the Environment Agency and Natural England. The aim of the proposed
TSHD Vox Amalia’s First Job at Den Helder
Van Oord’s trailing suction hopper dredger (TSHD) Vox Amalia successfully started its first project this week. At Den Helder, the Netherlands, the brand-new vessel is reinforcing the coastline by placing more than 3.5 million cubic meters of sand in a deep trench just off the coast. The contract was
Apply for Blue-GIFT 2nd Call by End-April
The Blue-GIFT (Blue Growth and Innovation Fast Tracked) project 2nd call for applications for ocean energy demonstration will close on the 30th of April 2020. Applications can benefit from an early assessment if the test plan requires a starting date on Q1 & Q2 2020. This project is funded by Interr
Minesto Reports Early Tech Writedowns; But Strong Cash Position
Swedish marine energy developer Minesto has reported net loss for 2019 of close to SEK 126 million ($12.5 million), mostly related to one-off writedowns of previously capitalised technology development. Namely, Minesto decided to write down technology development costs attributed to earlier years, s
Hurtigruten to Take All Ships Out of Service amid Coronavirus
As a response to the global coronavirus pandemic, Hurtigruten suspends all operations on the Norwegian coast.
Boskalis Postpones Annual General Meeting of Shareholders
Royal Boskalis Westminster N.V. has just announced that the Annual General Meeting of Shareholders (AGM) will be postponed to 30 June 2020. “In view of the recent developments surrounding the COVID-19 (corona) virus and Boskalis’ concern for the health of its shareholders, management, supervisory bo
VolkerStevin Shortlisted for Four Awards
Four VolkerStevin projects have been shortlisted in the Project of the Year award categories at the Construction News Awards 2020. These projects are: Lincolnshire Lakes Flood Defense Scheme (under £20m); Victory Jetty (£20-£50m); Ipswich Tidal Barrier (£20-£50m); Dover Western Docks Revival (over £
Apply CFO to Join AKVA Group
Norwegian equipment provider for aquaculture industry AKVA Group has appointed Ronny Meinkøhn as its new chief financial officer (CFO). Meinkøhn comes from the position as CFO in Apply AS, which he has had since 2015. He will take up the position as CFO of AKVA group no later than October 1, 2020. T