Business & Finance
TechnipFMC Hits Separation Pause Button
TechnipFMC said on Sunday it will put off its planned separation into TechnipFMC and Technip Energies as market conditions have changed materially due to the COVID-19 pandemic. The company said it believes that the sharp decline in commodity prices, and the heightened volatility in global equity mar
European Ferry Companies Cease Sailings on Several Routes
As the coronavirus pandemic continues to spread in Europe, ferry companies start suspending services.
TechnipFMC spin-off put on hold over volatile market conditions
TechnipFMC has been forced to put off its planned separation into two independent entities amid challenging market conditions which have emerged recently.
JFD Snaps Up Fathom Systems
JFD, part of James Fisher and Sons, has acquired Fathom Systems – provider of diver communications, gas analysis, diver monitoring and integrated diving control systems for diving support vessels (DSVs). JFD believes that this deal will expand its portfolio of innovative diving solutions for the oil
Fincantieri Halts Production for 2 Weeks amid Coronavirus Outbreak
Fincantieri has suspended production activities at its Italian shipyards to curb the spread of the coronavirus.
Prosafe rig to support subsea tank removal at Thistle platform
Prosafe has been awarded a contract to provide accommodation in support of the redundant subsea tank removal and safe re-habitation of the Thistle Alpha platform in the UK North Sea.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (March 9-15, 2020). DEME’s Split Barge Deugniet Hits the Water Deugniet, a twin vessel of DEME’s other newbuild split barge Bengel, was successfully launched in Batam, Indonesia, today. VIDEO: How Does Eko Atlan
Readers’ Picks of the Week (March 9-13, 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 09 – March 15). https://subseaworldnews.com/2020/03/10/ocean-installer-wins-china-job/ https://subseaworldnews.com/2020/03/10/platina-subsea-award-for-technipfmc/ https://subseaworldnews.com/202
Highlights of the Week
MarineEnergy.biz has compiled the top news from marine energy industry from March 09 – March 15, 2020. https://marineenergy.biz/2020/03/11/opt-powerbuoy-for-subsea-vehicle-residency/ https://marineenergy.biz/2020/03/11/dnv-gl-backs-norwegian-floating-solar-plant-design/ https://marineenergy.biz/2020
STOUR to Dredge the Heritage Area of HMNB Portsmouth
The Queen’s Harbor Master Portsmouth has just reported that routine maintenance dredging is about to begin within the Heritage Area of HMNB Portsmouth, to the north of HMS Warrior. In the notice LNTM NO 22/20, the Harbor Master said that the works will start March 16, 2020 with completion expected b
Siem Offshore’s PSV to support Lundin’s 10-well drilling campaign
Norwegian shipping company Siem Offshore has been awarded a charter contract by Swedish oil company Lundin for one of its platform supply vessels (PSVs).
Braemar Heads for Bahamas after 5 People on board Test Positive for Coronavirus
Five people on board the Braemar cruise ship tested positive for Coronavirus.
Sovcomflot Reports Strong 2019 Earnings
Russian shipping major Sovcomflot (SCF Group) managed to return to profit in 2019 – the first year of implementation of the company’s new strategy. The company reported a net profit of USD 225.4 million in 2019, compared to a net loss of USD 45.6 million seen a year earlier. Revenues rose by 9.6 per