Business & Finance
COSCO, OOCL, ONE and Yang Ming to Set Up New Transatlantic Service
Asian shipping giants are to launch a new weekly Transatlantic service, the new East Mediterranean – America service.
Meyer Turku Boasts Strong Growth
Meyer Turku Oy reports production growth of 46 percent compared to the results from 2016.
Interventek Marks £10M in Deals with New Base
Subsea systems technology specialist Interventek has been awarded a multi-million-pound contract to supply three 10,000psi in-riser landing string completion systems for an international OEM client. With this and other new business wins over the last twelve months valued in excess of £10 million, In
Aleron Partners with Blue Logic
ROV, tooling and equipment specialist Aleron has agreed a partnership deal with Norway-based connector specialist Blue Logic. The deal will see the company, based just outside Aberdeen, Scotland, provide the UK North Sea subsea market with a service hub for Blue Logic’s subsea technologies, which pr
Following the Completion of Berdyansk Gig Dredger Meotida Returns to Mariupol
The Ukrainian Sea Ports Authority (USPA) has just announced that the hopper dredger Meotida of their Delta-pilot branch has successfully completed its work on the section of the Berdyansk seaport approach channel, after which the vessel was relocated to Mariupol. As reported, the dredger Meotida has
EMGS Reports Q4 and Full-Year Profit
Norwegian geophysical services company EMGS has returned to profit as revenues hiked close to 180 percent for the period ended December 31, 2019. The Oslo-listed company reported profit for Q4 2019 of $18 million or 14 cents per share, versus loss of $7 million in Q4 2018. Revenues for the quarter r
SFL Offloads VLCC, Terminates Charter with Frontline
SFL Corporation has sold and delivered Front Hakata, a 2002-built very large crude carrier.
Wartsila to Equip Finnlines’ Ferries with Hybrid Systems
Wärtsilä to supply its hybrid power conversion system for three new RoRo ferries being built for Finnlines.
PGNiG in bid to find more oil in Shrek prospect
PGNiG Upstream Norway, a Norwegian subsidiary of Polish oil and gas company PGNiG, has hired Applied Petroleum Technology to conduct a post-drilling analysis of its recent Shrek discovery in the Norwegian Sea.
Wood sells industrial services business to Kaefer to cut debt
Energy services company John Wood Group has sold its industrial services business to technical services provider Kaefer for an initial cash consideration of around $104 million.
NRW: New Plans for Hinkley Point C Sediment Disposal
Natural Resources Wales (NRW) has started discussions with EDF Energy about a new marine licence application to dispose of dredged material from the Bristol Channel into a disposal site off the coast of Cardiff, South Wales. EDF has submitted its plan to NRW for the sampling and testing of the sedim
Legasea and Infinity Team Up
Legasea and Infinity Oilfield Services have formed a strategic alliance to pursue and execute offshore topsides and subsea projects in the UK North Sea and internationally. The alliance should open up further opportunities by combining Infinity’s engineering capabilities and oilfield services experi
New Engineering Manager Joins InterMoor in Aberdeen
InterMoor has welcomed Stuart Brazewell as a new engineering manager in Aberdeen. As the engineering manager, Stuart will be responsible for the delivery of services lines within the InterMoor engineering function, including the execution of projects and engineering services in relation to the desig
APM Terminals Eyes Deepwater Port Development in Georgia
APM Terminals Poti presented its plans to the Government of Georgia for the creation of a deep-water port.