Business & Finance
TORM Nets USD 496 Mn for Debt Refinancing
TORM has obtained a commitment for a total of USD 496 million from a syndicate of lenders.
Höegh LNG Secures USD 80 Mn Loan
Höegh LNG Holdings Ltd. has received commitment letters for a revolving credit facility of up to USD 80 million.
River Parrett Dredging Project Starts
Maintenance dredging on the River Parrett downstream of Burrowbridge will start again this week, according to the Somerset Rivers Authority (SRA). SRA announced that the work will go on for at least a week and help to protect homes, businesses and roads from flooding. They also added that the dredgi
Prosafe misses final payment to Cosco amid talks with lenders
Prosafe has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel amid talks with lenders meant to secure financial flexibility for the longer term.
NKT Bags East West Interconnector Gig
NKT has been awarded a five-year service agreement by the Irish power grid operator EirGrid for cable related services including repair works for the East West Interconnector. The East West Interconnector is a 200 kV HVDC power cable with capacity of 500 MW between Ireland and Great Britain. For NKT
Polarcus and SFC Reschedule Again
Polarcus said it has once more agreed to postpone the redelivery of seismic research vessel Vyacheslav Tikhonov with Sovcomflot (SCF). The vessel was due for redelivery until January 15, 2020, while potential projects were pursued by SCF. The redelivery of the vessel has now been agreed until the co
Contros to Shut Down; Kongsberg – AML Deal Falls Through
Kongsberg Maritime (KM) said it has stopped the sale of KM Contros GmbH (Contros) in Germany to AML Oceanographic. The Norwegian technology enterprise decided to divest Contros with the announcement of sale and purchase letter of intent with AML in October last year, following a strategic evaluation
Kongsberg, DNV GL Partner Up On Maritime Digitalization
The duo is looking to reduce time, cost and complexity associated with maritime class and assurance services.
ECL Delivers for BAS
Elmeridge Cables Limited (ECL) has recently delivered two contracts for the British Antarctic Survey (BAS). ECL was asked by BAS to supply two lengths of double-armoured CTD (conductivity, temperature and depth) cable for two Royal Research Survey vessels. These separate contracts were for a single
BIMCO Names New Secretary General & CEO
BIMCO has appointed David Loosley as its new Secretary-General & CEO with effect from June 2020.
New Harelbeke Lock Opens
The official inauguration of a new lock complex along the Lys river in Harelbeke, Belgium, took place last week, Jan De Nul said in their latest announcement. The Joint Venture ‘Leieland’, of which Jan De Nul Group is part, designed and built the new lock and dam in order to improve the connection o
Minesto Looks for Insurance Broker
Marine energy developer Minesto has issued a tender call for Insurance Broker Services, for insurances for renewable marine – tidal energy technology projects. The Insurance Broker should act as a supervisor and broker when Minesto has need of insurances such as project insurances for existing and f
Three60 Scores Neptune Energy Framework Deal
Three60 Energy has won a framework contract to deliver engineering and support services for Neptune Energy’s UKCS portfolio. The contract will see Three60 Energy provide both concept and front-end engineering studies as well as engineering, procurement, construction and commissioning activities for
Seatools Bags Piling Equipment Contract
Subsea technology company Seatools has secured a contract from an undisclosed EPC player for the design and delivery of a piling template hydraulic and instrumentation system. The system will be used for pile installation during the construction of an offshore wind farm in Taiwan. Pile installation