Business & Finance
East Cowes Flood Protection Scheme on Display
The Environment Agency is bidding to secure £500,000 in government funding to better protect homes and businesses in East Cowes from tidal flooding. According to the EA, if the bid is successful, the scheme would bring increased flood protection to property and public areas of the town, better prote
Schulte, DEVK Create New Maritime Asset Investment Platform
Schulte Group and DEVK have established Navigo, a maritime asset investment platform for institutional investors.
XOCEAN Supports Greater Gabbard Survey
Ocean data company XOCEAN has provided its XO-450 unmanned surface vessel (USV) for seabed surveys on seven of the turbines at the 140-turbine Greater Gabbard offshore wind farm, located 23 kilometres off the UK coast. Throughout the survey, the data collected was monitored from shore in real-time b
HMM Sets Sights on 25 Pct Higher Revenue in 2020
HMM roughly anticipates a 25% improvement in its revenue for 2020.
Croatian DIV Group to Buy Norway’s Kleven Verft
Croatian DIV Group is to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels.
Marubeni, Klaveness Create Giant Panamax Pool Operator
Japan’s Marubeni Corporation and Norwegian dry bulk operator Klaveness are merging Panamax Pool activities.
All Set for King’s Lynn Dredging
A maintenance dredging program, aimed for the safety of shipping within the enclosed Docks King’s Lynn in Norfolk, is set to begin this week, King’s Lynn Conservancy Board reports. The dredging operations, to be conducted with UKD dredging vessel ‘Cherry Sand’, are scheduled to be wrapped up no late
probunkers, Hyundai Mipo Sign LOI for LNG Bunker Vessel Pair
probunkers has signed LOI with Hyundai Mipo Dockyard for the construction of two firm 7,600 cbm LNG bunker vessels.
2020 Bulkers Adds Sixth Newbuild with 3-Year Charter
2020 Bulkers has accepted delivery of Bulk Sydney, the sixth of eight 208,000 dwt Newcastlemaxes.
Rohr-Idreco Delivers New Dredger to HH Van der Velde
Rohr-Idreco, a manufacturer of deep digging electric dredging vessels and equipment for the mining and dredging industries, is completing the delivery of the DRAGA4030 for their Dutch customer HH Van der Velde. The vessel will be equipped with an IMP300 pump, achieving a working depth of 40 meters.
Reducing Flood Risk in Leeds
Work has started on the next stage of a major scheme to reduce the risk of flooding in Leeds, BAM Nuttall Ltd reports. Construction on the second phase of the Leeds Flood Alleviation Scheme will see flood defenses being built on the River Aire upstream of Leeds Station as part of a catchment wide ap
BP chooses replacement as CFO decides to retire
British oil major BP has named a new chief financial officer (CFO) following the decision by the current CFO to retire from the company and step down from the BP board on June 30, 2020.
Hellenic Cables Wins Mayflower Wind Inter-Array Job
Hellenic Cables has secured an agreement with Semco Maritime for the supply of inter-array cables for the Mayflower Wind project, a joint venture of Shell New Energies US and EDPR Offshore North America. The offshore wind project was selected by the Commonwealth of Massachusetts to supply 804 MW of
River Parrett Dredging Project Moves Ahead
Somerset Rivers Authority (SRA) yesterday announced the latest update from the River Parrett dredging scheme, saying that it’s been a good few days for dredging operations, with high water levels and strong tides. Crews have been working 12 hours a day on the water injection dredging vessel Borr. “T