Business & Finance

Ocean Infinity forms new unit to operate marine robot fleet
Ocean Infinity, a seabed survey and ocean exploration company, has launched of a new pioneering marine technology and data company named Armada.

Transforming Traditional Ways of Modelling Sediment Spill
In order to obtain approval from the authorities to undertake dredging activities it is usually a requirement to predict the expected sediment spill and assess potential consequences for the environment. Today, this work is time consuming, costly and relies on highly skilled modelling experts. DHI’s

Van Oord Opts for Seatools
The subsea technology company Seatools has completed the delivery of a CT umbilical winch – on behalf of its client Van Oord. The winch will power Van Oord’s new subsea trencher “Deep Dig It,” which will be deployed during cable installation operations at an offshore wind farm later this year. “The

Seatools Umbilical Winch for Van Oord’s Subsea Trencher
Subsea technology company Seatools has completed the delivery of a CT umbilical winch on behalf Van Oord. The winch will power Van Oord’s new subsea trencher “Deep Dig It,” which will be deployed during cable installation operations at an offshore wind farm later this year. According to Seatools, th

New Identity for N-Sea – BODAC UXO Joint Venture
N-Sea and BODAC have announced the new identity of their existing joint venture (JV). Following a multi-million euro investment in the specialist UXO provision, the JV will now trade as UXOcontrol. UXOcontrol will continue to offer the global energy sector UXO risk solutions supported by expertise,

EU Okays CMA CGM-CIMC Joint Venture
The European Commission approves the formation of JV between CMA CGM and CIMC Neocontainer.

Ryder Geotechnical Wraps Up Kriegers Flak OWF Boulder Interaction Study
Ryder Geotechnical, a Tekmar Group company, has supported Jan De Nul Group with the delivery of a spudcan boulder interaction study for the 600 MW Danish Kriegers Flak offshore wind farm (DKF) located in the Danish Baltic Sea. The study quantified the risk of surface and buried boulders to the Vole

New COO Joins Maersk Supply Service
Maersk Supply Service has appointed Mark Andrew Handin as chief operating officer (COO), effective March 01, 2020, heading the Vessel Management function. Mark Handin will assume the position of COO, replacing Claus Bachmann, who has taken a position within the Maersk Drilling organisation, as SVP,

Norbit CFO to Leave
Norwegian subsea technology provider Norbit said that its chief financial officer (CFO) Stian Lønvik has given notice to the company that he will resign from his position. Lønvik has a 6-month termination period hence he will remain in position until end July 2020. The company said it will promptly

Ithaca Energy mulls options for potential IPO
Ithaca Energy, a subsidiary of Israel’s Delek Group, is exploring options to optimize its capital structure, including a potential initial public offering (IPO).

Gasum to Supply LNG to Equinor’s Shuttle Tanker Newbuilds
Gasum will deliver LNG to Equinor’s new crude shuttle tankers.

BC Ferries Orders Its 6th LNG-Fueled Ship
BC Ferries returned Remontowa Shipbuilding S.A. with an order for another LNG-fueled vessel.

TechnipFMC orders pipes for North Sea projects from Tata Steel
Steel producer Tata Steel has secured three separate contracts with TechnipFMC for work in the UK North Sea.

Tidewater man to take over COO role at Maersk Supply
Danish offshore shipping company Maersk Supply Service (MSS) has appointed a new chief operating officer (COO) of the company.