Business & Finance
Bpifrance Becomes Signatory to the Poseidon Principles
French national investment bank Bpifrance signs up to the Poseidon Principles.
Lundin to increase spending in 2020 by 30 pct
Swedish oil and gas company Lundin Petroleum has increased its 2020 budget by 30 percent compared to the last year and boosted its production guidance for the year with expectations for long-term growth. Lundin said on Friday that its 2020 development, appraisal, exploration and abandonment budget w
Navibulgar Returns to China for Four More Bulkers
Navibulgar ordered the construction of a new series of Handysize bulkers.
Total awards maintenance and support gig in UK to Aberdeen newcomer
Total UK has awarded a general maintenance and operations support contract to PBS, a recently formed Aberdeen-based consortium.
JFLCO Snaps Up Global Marine Group
Global Marine Holdings, in which HC2 holds an approximate 73% equity interest, has entered into a definitive agreement to sell 100% of Global Marine Group (GMG) to an investment affiliate of J.F. Lehman & Company (JFLCO). The sale includes GMG’s operating subsidiary Global Marine Systems, a provider
Zenith Energy sets up Norwegian unit
Canadian oil and gas company Zenith Energy has established a fully owned Norwegian subsidiary, Zenith Norway.
Major Milestone for Elbe Fairway Widening Project
From Tuesday, January 28, vessels with a combined width of up to 98 meters may pass each other in a widened section of the Elbe known as the ‘passing box’, reports the Port of Hamburg. The five-kilometer stretch under Federal jurisdiction now has a width of 385 meters. Similarly, the fairway along t
Seven Seas Splendor Delivered
Seven Seas Splendor was delivered today at the Ancona shipyard.
Stolt-Nielsen: Gradual Upswing in Chemical Tanker Market Imminent
Stolt-Nielsen Limited expects a gradual upturn in the chemical tanker market as the year unfolds.
PHOTO: Pampus Dredging Moves Ahead
Wasa Dredging, a Finnish water construction company, today shared this beautiful photo of their backhoe dredger Harald on the Norrköping Port’s, Pampus Harbor deepening project. Works are progressing according to plan in the Port of Norrköping, where Wasa Dredging as the main contractor – besides dr
Diana Offloads Capesize, Finds Work for Kamsarmax
Diana Shipping has disposed of a Capesize vessel and inked a time charter contract for a Kamsarmax bulker.
PGS Reports Q4 Profit
Petroleum Geo-Services (PGS), has bounced back in black in the fourth quarter ended December 31, 2019, as revenues hiked some 23 per cent from same time last year. The Oslo-listed seismic player reported quarterly profit of $10.7 million, or 3 cents per share on revenues of close to $333 million, ag
First Steel Cut for Celebrity Cruises’ Third Edge Ship
Chantiers de l’Atlantique has cut the first piece of steel for Celebrity Beyond.
Euronav Taps Into Market’s Best Quarter in 10 Years
Belgian tanker shipping major Euronav has enjoyed strong tanker dynamics in the fourth quarter of 2019.