Business & Finance

Germany’s FSG Halts Operations due to Coronavirus
Germany’s shipbuilder Flensburger Schiffbau-Gesellschaft has suspended all operations due to the coronavirus.

i3 Energy secures Dolphin rig for summer appraisal campaign
i3 Energy has awarded a drilling contract to a Dolphin Drilling-owned rig and agreed on a sale of an interest in a block offshore the UK.

Havila keeps two platform suppliers busy with Axxis Geo. Wins one new deal
Norwegian shipowner Havila Shipping has won two extensions and one new contract for its platform supplier vessels (PSVs).

Bombora Runs for Wales STEM Start-Up of the Year Award
Ocean energy solutions company Bombora has recently been announced as a finalist in the ‘Wales STEM Awards’, shortlisted for the ‘STEM Start-Up of the Year Award’. Bombora is among 42 innovative businesses and individual finalists, making a difference to, and championing, Science, Technology, Engine

P&O Cruises’ New LNG-Fueled Vessel Leaves Shipyard in Germany
Iona left Meyer Werft shipyard in Papenburg, Germany, on March 18 to be conveyed on the river Ems to Eemshaven.

LNG-Powered CMA CGM Jacques Saade Heads for Sea Trials as CSSC Resumes Work
The 23,000 TEU LNG-powered containership giant CMA CGM Jacques Saade has set sails for sea trials.

DMEC to Spearhead ENCORE Project
Through its Interreg 2 Seas Programme, Europe has awarded €5.9 million to the ENCORE project: Energising Coastal Regions with Offshore Renewable Energy (ORE). The goal of the project is to advance the rapidly emerging ORE sector. With the ambition to become a global industry leader, the 2 Seas ORE s

Coronavirus Pandemic: Norway’s Hurtigruten, Color Line and Fjord Line Lay Off Thousands
Three Norwegian cruise and ferry operators are laying off thousands due to the coronavirus pandemic.

Hunter Tankers Secures USD 80K Daily Charters for VLCC Trio
Hunter Tankers AS secures fixtures for three ships at an average daily rate of approximately USD 80,000.

Multi-Cat Dredger Stour Busy in Portsmouth
The Queen’s Harbor Master Portsmouth has just announced that a routine maintenance dredging scheme within the Heritage Area of HMNB Portsmouth, to the north of HMS Warrior, is currently underway. The vessel conducting this task is the 26.7m multi-cat dredger Stour, displaying the appropriate signals

Spirit taps Unity for well integrity services
Unity has been awarded a three-year contract by Spirit Energy to maintain wellhead equipment across twelve platforms in the East Irish Sea, Southern North Sea, and the Dutch sector of the North Sea.

Solstad Offshore brings in new deals for PSVs in UK
Norwegian offshore vessel owner Solstad Offshore has won several contracts for platform supply vessels in the UK.

Walker Subsea Engineering Names New Principal Engineer
Walker Subsea Engineering has appointed Andrew Gething as its new principal engineer. Andrew joined the team in the March, 2020 to support the business through its next phase of growth and development. He brings with him a strong track record in the design and delivery of complex engineering project

Building with Nature Concept in Indonesia
Indonesian and Dutch water experts – during the recent seminars in Jakarta and Surabaya – discussed options to integrate the concept of Building with Nature in future infrastructural projects in Indonesia. The seminars took place on 10 and 12 March and were part of a trade mission and a state visit