Business & Finance
Mackley Repairs Flood Defenses at Stokes Bay
Mackley has completed a six-week project to repair flood defenses at Stokes Bay on the frontage at Gosport in Hampshire. Deterioration over time had caused substantial damage to the existing defenses at Stokes Bay, which consist of a sea wall and a secondary splashwall defense. Working on behalf of
Viper Grows Cable Integrity Monitoring Tech Sales
Subsea technology and engineering firm Viper Innovations said it has booked record sales of its V-LIM cable integrity monitoring technology during 2019, almost trebling sales compared to that of the previous year. The company has increased its export sales overall by 20% and enjoyed significant grow
PHOTO: DEME’s Breydel Busy in Italy
DEME Group is currently carrying out several dredging projects in Southern European ports. ”Our trailing suction hopper dredger Breydel is deployed in Italy for the deepening of the inner channel and internal basin in the Port of Salerno, further improving the port’s access. Recently, we also carrie
Maersk Posts Higher Earnings in 2019, Expects Weak Start of 2020 amid Coronavirus Outbreak
Maersk managed to improve earnings and free cash flow in 2019.
Seismic player says Pemex decision not to award more work detrimental to revenues
EMGS has been forced to take immediate action and implement a cost-cutting program due to detrimental effect of Pemex’s decision not to award it any more work under a two-year acquisition program from last year.
Software Start-Up Invests in Aberdeen Base
Xergy, the startup company aiming to revolutionise resourcing in the energy industry, has invested £120k in opening an office in Aberdeen with plans to recruit an additional 15 employees. Led by industry stalwarts, James McCallum and Colin Manson, Xergy has moved into Rubislaw Terrace in the city’s
Scorpio Tankers Reaps Fruit of Scrubber Project
Scorpio Tankers’ scrubber fitted ships have been earning more money than those without scrubbers.
GoodBulk Offloads Capesize Duo, Points to Pick Up in Demolitions
Dry bulk vessel owner and operator GoodBulk sold two older Capesize vessels in January 2020.
Ocean Installer Taps Ashtead for Another Subsea Installation Project
Aberdeen-based subsea equipment solutions specialist Ashtead Technology has secured a new contract with Ocean Installer following the completion of subsea installation project in 2019. Ashtead will provide its Deflection Monitoring System (DMS) and field engineers to install six integrated template
Malin to Build AWS Ocean Energy’s Wave Energy Converter
Malin Renewables has secured a £1 million contract by AWS Ocean Energy to supply a fifty-tonne wave energy converter. Malin will build the half scale Archimedes Waveswing power generation device, designed for offshore wave energy production. The development of the Archimedes Waveswing is funded by W
Noble Corp. posts higher quarterly revenues
Noble Corporation has managed to keep its net loss flat in the last quarter of 2019 while its revenues increased during the period.
Jones Bros Working on Coastal Defenses in Old Colwyn
Jones Bros Civil Engineering UK has taken steps to deliver an active travel project and coastal defense works in Old Colwyn. The contractor was hired by Conwy County Borough Council to improve the coastal defenses and active travel route at Splash Point, at the arches end of the Old Colwyn promenade
Excelerate Launches In-House Ship Management Services
Excelerate Energy gets green light to manage its entire FSRU fleet.
BAM Nuttall to Build New Port in Stanley Harbor, Falklands
The Falkland Islands Government (FIG) has selected a development partner to design and build a new port in Stanley Harbor. According to the government, they selected BAM Nuttall Ltd as the development partner. The aim is for the contract to be agreed and signed by the end of March 2020. FIG Chief Ex