Business & Finance
Hornsea One Boosts Ørsted’s Full-Year Guidance
Ørsted has reported an increase of DKK 1 billion (circa EUR 134 million) in its full-year EBITDA guidance due to updated assumptions regarding the divestment of the transmission asset for the Hornsea One offshore wind farm. The Danish company said it now expects EBITDA excluding earnings from new pa
Hornsea One Boosts Ørsted’s Full-Year Guidance
Ørsted has reported an increase of DKK 1 billion (circa EUR 134 million) in its full-year EBITDA guidance due to updated assumptions regarding the divestment of the transmission asset for the Hornsea One offshore wind farm. The Danish company said it now expects EBITDA excluding earnings from new pa
Maersk Launches USD 1.5 Bn Share Buyback Program
Mærsk has decided to initiate a share buy-back program of up to USD 1.5 billion.
Fugro Strengthens Belgian Footprint with OREX Buy
Fugro has acquired Belgian soil testing specialist OREX, including a 66.5 % share in Labomosan. Fugro believes that the acquisition of OREX should strengthen its geoconsulting presence and advanced soil testing services in Belgium, where large investments in the infrastructure, water and power marke
Greeks Studying Floating Offshore Wind Potential
Chalkis Shipyards and a number of Greek institutions are collaborating on a project seeking to study the potential of floating offshore wind in the Greek Seas. The WIndfloat.gr – Innovative Design of Floating Wind Plants for the Greek Seas project seeks to exploit the wind potential of the Greek Sea
Blenheim Opts for BSG Ecology
Blenheim Estate has enlisted the expertise of Oxfordshire based BSG Ecology to ensure the huge civil engineering program will cause minimum disruption to their fauna and flora. Wildlife surveys carried out by BSG Ecology ahead of the dredging has revealed the estate is home to a huge variety of wild
Update: Two AIDAaura Passengers Test Negative for Coronavirus
The two AIDAaura cruise ship passengers who were suspected to be infected with coronavirus have tested negative.
TSHD Heortnesse Arrives at A&P Tees
The trailing suction hopper dredger (TSHD) Heortnesse has arrived back at A&P Tees where it will undergo the second and final program of works which will significantly extend the life of the vessel, A&P Group Limited informs. Heortnesse maintains the navigable depth in the ports of Tees and Hartlepo
Cathie Boosts UK Team with New Cables Lead
Offshore geoscience and geotechnical engineering consultancy Cathie has recently appointed a senior engineer and cables lead Gareth Ellis to its Newcastle team. Following two years of record growth, Cathie has recently significantly expanded its business based in Newcastle upon Tyne and continues to
Global Energy Group takes control of Nigg Oil Terminal
Global Energy Group has taken over the long-term operation of the Nigg Oil Terminal jetty under a new lease with Crown Estates Scotland.
JFLCO Completes Global Marine Group Acquisition
J.F. Lehman & Company (JFLCO) is now the full owner of Global Marine Group (GMG), after completing the acquisition announced in January 2020.
All Frames for the New Rothera Wharf in Place
BAM Nuttall Ltd has just announced that all 20 steel frames for the new Rothera Wharf in Antarctica are now in place. According to the company, in just 15 months BAM together with their partners Ramboll and Sweco have decommissioned the old wharf and installed all the new frames. Every frame is 80 m
Royal IHC’s IRIS Available
Royal IHC has introduced its new digital service IRIS (integrated and remote intelligence solutions) – a global connected platform that provides IHC customers with operational intelligence on their vessels and helps them to make better informed data-driven decisions. Via a mobile web application use
Coronavirus Suspicion: AIDAaura Cruise Ship Held in Norway, Checks Underway
AIDAaura has been stopped at a Norwegian port due to coronavirus suspicion.