Business & Finance

Premier Oil hires DOF’s platform supply vessel
Offshore vessel owner DOF Rederi has been awarded a contract for one of its vessels by Premier Oil UK.

Bengel and Deugniet to Work Together with Spartacus
DEME Group is currently building two split barges, Bengel and Deugniet, with a large capacity of 3,500m³ designed specifically for working together with their larger cutter suction dredgers and in particular the mighty Spartacus, the most powerful cutter suction dredger ever built. The barges are mu

Saipem employees ‘stay at home’ over coronavirus fears in Italy
Following confirmed cases of coronavirus in Italy, the Italian oilfield contractor Saipem has advised its employees to stay at home. The company has also canceled and reduced to the minimum all missions to and from the risk areas abroad.

Saipem Takes Coronavirus Precautions
Italian subsea services major Saipem is taking actions after the confirmed cases of Coronavirus on Italian territory. Since Friday 21 February, all employees with residence in the municipalities indicated by the Regions involved have been invited to stay at their home, avoiding social interactions.

GTT Acquires Icelandic Smart Shipping Solutions Provider
GTT acquires 100% of the share capital of Marorka, an Iceland-based company specializing in smart shipping.

Spotlight on River Bank Stabilization
As the UK experiences torrential rain and storm-level events, The Rothen Group is stressing the importance of regular infrastructure works on an ageing canal and waterway network. Critical infrastructure projects such as bank stabilization, keeping overflow weirs free of rubbish and keeping on top o

AGS Inks North Sea OBN Survey Deal
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has signed a letter of intent with an undisclosed oil company to start an OBN survey in the North Sea. The work is expected to begin in the second quarter of 2020, after fulfillment of certain conditions, AGS said in Monday’s Oslo

Piraeus Bank, ORIX Corporation to Provide Financing for Greek Maritime Sector
Piraeus Bank, ORIX Corporation to provide financing solutions to the Greek maritime sector.

Wärtsilä Thrusters for Bokalift 2
Wärtsilä will deliver thruster solution for Boskalis’ vessel-conversion project to create the crane vessel Bokalift 2. The deal, secured in December last year, will see technology group supply four retractable steerable thrusters and thruster controls, as well as two tunnel thrusters. The retraction

TOP Ships’ JV Offloads MR2 Pair
TOP Ships’ JV sells M/T Holmby Hills and M/T Palm Springs.

Diamond Princess Crew Allowed to Return Home as Coronavirus Claims 3rd Life in Japan
Seventy crew members of Diamond Princess infected with the COVID-19 virus.

Port Solent Dredging Scheme Begins Today
ML (UK) Dredging Ltd of Portsmouth, Hampshire, is about to begin a routine maintenance dredging of the Port Solent Approaches, according to the Queen’s Harbor Master Portsmouth. As reported, dredging of the Port Solent Approaches will begin today (24 February 2020). Dredging operations – to be condu

GCX Repairs Red Sea Links
Global Cloud Xchange (GCX) subsea cables FALCON between Muscat and Suez, and FEA between Mumbai and Suez, are back in business following cuts offshore Port Suez in the Red Sea. GCX mobilized a cable ship through its partner in the Middle East, E-Marine to support with the repairs. The repairs of FAL

Readers’ Picks of the Week (February 17-21, 2020)
Here are the most read stories of the previous week.