Business & Finance

Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (February 17-23, 2020). PHOTO: DEME’s Breydel Busy in Italy DEME Group is currently carrying out several dredging projects in Southern European ports. Exceptional Year for GLDD Great Lakes Dredge & Dock Corporat

Highlights of the Week
MarineEnergy.biz has compiled the top news from marine energy industry from February 17 – February 23, 2020. https://marineenergy.biz/2020/02/19/minesto-and-sev-ink-ppa-for-faroe-island-tidal-installations/ https://marineenergy.biz/2020/02/18/dolphyn-project-scoops-3-1m-uk-clean-hydrogen-prize/ http

Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 17 – February 23). https://subseaworldnews.com/2020/02/21/hunting-buys-enpro-subsea/ https://subseaworldnews.com/2020/02/18/jfms-names-simon-r-james-head-of-subsea-operations/ https://subseaw

DOF Subsea Shrinks Quarterly Loss
DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the fourth quarter of 2019 of NOK 30 million ($3.2 million), compared to loss of NOK 458 million ($49.1 million) in the corresponding period in 2018. Full-year result for 2019 came out negative, with loss of NOK 1.13 billion ($121.

Aleron Welcomes New Strategic Business Adviser
Aleron Group has made another strategic appointment as the company welcomes David Currie to the team. David Currie joins Aleron Group as the strategic business adviser. He will be driving the growth of Aleron over the next few years. The appointment of David comes just few months after the appointme

Arup to Back ScotWind
Crown Estate Scotland has appointed global engineering and consultancy firm Arup as specialist reviewers for ScotWind, the new leasing round for offshore wind projects.

Diana Shipping’s 2nd Vessel Sale Falls Through
Both sales were announced back in December 2019.

TSHD Ghasha Building Process VIDEO
Abu Dhabi’s National Marine Dredging Company (NMDC) has just released a beautiful video named ‘Ghasha Building Process’. The 8.000m³ trailing suction hopper dredger (TSHD) Ghasha was successfully launched earlier this week at the headquarters of Royal IHC in Kinderdijk. “Each milestone is marked by

Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds
Hunter Tankers AS secures USD 220 million loan facility.

Clarkson Acquires Spanish Shiproker Martankers
Clarksons has acquired 100% of the issued share capital of Spanish shipbroker Martankers.

Hunting Buys Enpro Subsea
Energy services group Hunting has acquired Enpro Subsea from members of the Enpro management team and Energy Ventures Private Equity for a total consideration of $33 million. The deal also has a potential maximum earn out of $3.0 million based on EBITDA performance in 2020. The Aberdeen-based busine

EMGS Chairman Resigns
Oslo-listed Electromagnetic Geoservices (EMGS) said that Johan Kr Mikkelsen has resigned from his position as chairman of the board for personal reasons. Mikkelsen’s resignation, who joined the board of directors of EMGS in 2014, and assumed the position of chairman in 2019, is effective immediately

Hunting boosts subsea offering by buying UK player
British supplier to the oil and gas industry Hunting has completed the acquisition of Aberdeen-based oil and gas production optimization specialist Enpro Subsea.

Webinar: How OPIN Can Help Your Business
The Ocean Power Innovation Network Project (OPIN) will hold a webinar on March 5th from 12.30 to 1.30PM (GMT). This webinar will be an opportunity for companies across North West Europe to come together to discover the benefits of the OPIN project. The services offered by OPIN will be highlighted, i