Business & Finance
Moscow Dredging Congress Starts
The Third Hydraulic Engineering Structures and Dredging Congress, hosted by the maritime industry media group PortNews, officially kicked off in Moscow today. The Congress includes the 7th International Dredging Forum and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”. The
AquaTerra Acquires SETS
AquaTerra Group has extended its capabilities with the acquisition of the trade and assets of subsea engineering and technology business SETS. Formed in 2011, SETS is a focused primarily on conductor inspection and integrity, repair and maintenance. The company designs, manufactures and implements r
Impairments drag Subsea 7 into the red
Subsea 7 booked a loss in the last quarter of 2019 largely due to a $100 million impairment charge as its revenues dropped compared to the prior-year period.
Getting to Zero Coalition Unveils 4 Focus Areas to Support Shipping’s Decarbonization
The Getting to Zero Coalition identifies 4 focus areas to advance roadmap on shipping’s decarbonization.
Wellesley takes Dolphin rig for drilling ops offshore Norway
Dolphin Drilling has secured a one well plus one optional well contract with Wellesley Petroleum for drilling work on the Norwegian Continental Shelf.
Maersk Secures USD 5 Bn Loans to Reach Green Shipping Targets
Maersk has secured a new sustainability-linked revolving credit facility of USD 5 billion.
Subsea 7 Hit by Offshore Wind
Engineering and construction specialist Subsea 7 has seen red in the fourth quarter 2019 on activity drop in renewables and heavy lift division. The Oslo-listed firm posted quarterly loss of $129 million, or $45 cents per diluted share, on revenue of $889 million, versus profit of $32 million, or $1
Plexus Strikes Another Wellhead Equipment Deal With Gusar
Plexus said that its Russian licensee Gusar has placed an order for an additional set of POS-GRIP exploration rental jack-up drilling wellhead equipment. The deal follows the installation of the first POS-GRIP rental gas exploration wellhead in Russia for Gazprom. Plexus’ CEO Ben Van Bilderbeek said
AquaTerra buys subsea engineering and technology firm
AquaTerra Group has extended its capabilities with the acquisition of the trade and assets of subsea engineering and technology business SETS.
Shawcor wins work on Woodside’s Sangomar project
Shawcor has said that its pipe coating division has entered into a contract with Subsea 7 to provide thermal insulation coating services for Woodside’s Sangomar Offshore Project in Senegal.
Costa Cruises’ LNG-Fueled Flagship Named in Savona
Costa Smeralda, a new LNG-powered flagship owned by Italian cruise line Costa Cruises, was named in Savona.
Foreship: Scrubber Installation No Longer an Issue of If but of How Fast
An unprecedented surge of inquiries on how scrubbers can be fitted at short notice.
Impairments Weigh on Oceaneering’s Results
Oceaneering has reported a net loss of $263 million, or $2.66 per share, for the three months ended December 31, 2019, despite revenue rise. The result compares with net loss of $64 million same time last year. During the prior quarter ended September 30, 2019, Oceaneering reported a net loss of clo
TSHD Sanderus Arrives in Belgium
Jan De Nul Group’s newest trailing suction hopper dredger (TSHD) Sanderus just arrived in Belgium to execute maintenance dredging works in the coastal ports. Not just any dredger, but an ULEv with ultra-low emissions as this vessel has a two-stage catalytic filter system on board, said Jan De Nul. T