Business & Finance

Diana’s Panamax Bulker to Work for Phaethon International
The Greek shipowner inks a time charter contract with Phaethon International for Ismene.

Subsea 7 to net up to $750 million for Sangomar job
Woodside has awarded a very large contract to Subsea Integration Alliance, between Subsea 7 and Schlumberger’s OneSubsea, for the Sangomar Field Development Phase-1 project located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, offshore Senegal.

Natural Power Supports AQUIND Interconnector Project
Natural Power has assisted AQUIND with the application for development consent for the AQUIND Interconnector. The application to the Planning Inspectorate was accepted on 12th December 2019. The AQUIND Interconnector is a new 2,000 MW subsea and underground high voltage direct current bi-directional

CSM, CMMI: Digital Waves Program Kicks Off
Digital Waves is a new program aimed at exploring digitalization of certain domains of the maritime industry.

Saipem Taps Cathie for Neart na Gaoithe Job
Geoscience and geotechnical engineering consultancy Cathie has been contracted by Saipem to provide interpretation of the geotechnical conditions encountered at the Neart na Gaoithe (NnG) offshore wind farm situated off the Fife coast in the UK. Cathie has also played a key role in the characterizat

Report: Georgia Revokes Deal with Anaklia Development Consortium
The Government of Georgia has reportedly canceled the contract with the Anaklia Development Consortium.

Global OTEC Resources Opens Applications for Energy Purchase
Global OTEC Resources has announced that islands in the Maldives can apply to be off-takers of its first OTEC demonstration barge which is set for launch next year. Applications are now open until January 31, 2020, to buy energy produced by an England-based clean energy systems developer. Ocean ther

Red Rock Crane Package for New Trailing Suction Hopper Dredger
Keppel FELS in Singapore has awarded Red Rock a contract for the delivery of two cranes for the new build Trailing Suction Hopper Dredger (TSHD) for a Dutch shipowner. According to Red Rock, the two cranes are tailor made and fit for purpose to best serve the needs of the shipowner. The company also

Government of Georgia to Cancel Anaklia Deal
The Government of Georgia will begin procedures for cancelling the investment contract signed between the Anaklia Development Consortium and the government. According to a statement released by Ministry of Regional Development and Infrastructure, the Georgian government decided to launches procedure

Ocean Alliance Unveils Day 4 Product Deploying 325 Boxships
The new service offering would see the shipping majors deploy a total of 325 containerships.

Update: Methanol Poisoning behind Illness of Brazilian Contractors
The affected persons reported this to our crew approximately 36 hours after consumption.

Deep Casing Tools Lands $13M Contract
UK-based oil and gas technology development company, Deep Casing Tools (DCT), together with its partner Innovaciones Petroleras Omega (InPO), has signed a master service agreement with a national oil company. The agreement will see the operator award DCT contracts and orders with an initial value of

Diana Shipping Secures Work for Panamax Bulker
Diana Shipping Inc. inks charter deal for the m/v Oceanis.

DFDS Welcomes Fourth Mega Freight Ferry
DFDS has taken delivery of the fourth of six mega roll-on/roll-off (RoRo) ferries.