Business & Finance

Fugro Supervisory Board Getting New Member
The supervisory board of Fugro has nominated Ron Mobed as member of the supervisory board for a four-year term, as per the annual general meeting that will be held on 30 April 2020. Mobed will fill the vacancy that arises as Maarten Schönfeld, current member of the supervisory board, will retire at

IADC Young Management Program in Dubai
The International Association of Dredging Companies’ (IADC) Young Management Program started yesterday in Dubai, UAE. Over a period of 3 days, participants will follow presentations and workshops, based on the topic Dredging for Sustainable Infrastructure. Presentations and workshops are given by Fr

Eidesvik secures work for two vessels with Seabed Geosolutions
Norwegian shipping company Eidesvik Offshore has been awarded new contracts by Seabed Geosolutions for the seismic source vessel Vantage and the node-handling vessel Subsea Viking.

Premier takes Solstad platform supplier for Tolmount ops
Norwegian offshore vessel owner Solstad Offshore has been awarded a long-term contract with Premier Oil in the UK.

All Set for TSHD Ghasha Inauguration
The inauguration ceremony of the 8000m³ trailing suction hopper dredger (TSHD) Ghasha, built for Abu Dhabi’s National Marine Dredging Company (NMDC), will take place at the headquarters of Royal IHC in Kinderdijk today. Her Excellency, UAE ambassador to the Netherlands, Dr. Hessa Al Otaiba, together

Dolphyn Project Scoops £3.1M UK Clean Hydrogen Prize
Dolphyn project, led by Environmental Resources Management (ERM), has been awarded £3.12 million ($4 million) by the UK Department for Business, Energy & Industrial Strategy (BEIS) to further develop its offshore electrolyser design and obtain the consent for a 2MW prototype facility. The project co

PHOTO: Backhoe Dredger Pinocchio Leaves La Reunion
DEME Group has just released this beautiful photo of their backhoe dredger ‘Pinocchio’ waving La Réunion goodbye, after having completed the works at the Nouvelle Route du Littoral coastal highway. “We performed dredging, gravel bed installation and backfilling works for the 5,400 meter offshore via

i-Tech and Shell Team Up on Subsea Digitalisation
i-Tech 7, Subsea 7’s Life of Field business unit, and Shell have entered into a collaborative technology agreement to accelerate subsea digitalisation, initially for a period of five years from the fourth quarter of 2019. The agreement will help fast-track innovation and streamline the adoption of a

Sonardyne Tech for Earthquake and Tsunami Research
Sonardyne underwater instrumentation is to help scientists across the US better understand and possibly predict earthquake and tsunami risk at a far greater scale. Scripps Institution of Oceanography, through a $5.5 million grant from the US National Science Foundation (NSF), is procuring equipment

SeaBird to decommission own and recycle seismic equipment to chartered vessel
SeaBird Exploration has entered into a loan agreement, the proceeds of which will be used to outfit a vessel for seismic operations. In addition, SeaBird has decided to decommission one of its own vessels and recycle its seismic equipment to a chartered vessel.

New Loan and Fleet Revamp for SeaBird
Seismic player SeaBird Exploration has secured a three-year credit facility with SpareBank 1. The company said it will use the proceeds from the loan to repay the bond loan expiring in June, and to outfit the vessel Fulmar Explorer for seismic operations. The outfitting project should start in Q1 wi

Liners Turn to Surcharges as Reefers Get Diverted amid Plug Shortage at Chinese Ports
Reefer shipments being diverted and relocated amid a shortage of reefer plugs at Chinese ports.

Ystad Gets EIB Loan for Port Expansion
EIB signs a USD 46 million loan agreement to enable the Port of Ystad to accommodate climate-friendly vessels.

More Work for Saga Subsea HR & Cable Units
Saga Subsea said that its Human Resource Department together with Subsea Cable Department have been awarded a new contract for one of its main clients. Under the contract, Saga Subsea will supply 25 operators for an ongoing subsea cable project. The work is scheduled to start in the second quarter o