Business & Finance
Motive Offshore Rolls Out Flexibles Unit with Pumptech Buy
Motive Offshore has launched a new Flexibles division with the completion of acquisition of Stavanger-based Pumptech. The seven-figure acquisition reflects the growth strategy which follows investment earlier this year from private equity firm, EV Private Equity. Specialists in flexible flowlines an
Ammonia-Fuelled 23,000 TEU Boxship Design Gets AIP
Ammonia-fuelled 23,000 TEU Ultra-Large Container Ship design secures LR’s AIP.
Rever Offshore Wraps Up Fairfield Decom Campaign
Rever Offshore has completed the subsea infrastructure decommissioning project of the Greater Dunlin Area for Fairfield Energy. The project utilised saturation DSVs, Rever Sapphire and Rever Polaris, along with the heavy CSV, Normand Clipper. The workscope involved multiple campaigns comprising of p
Minesto Rights Offering Subscription Period Begins
Swedish marine energy developer Minesto has initiated the subscription period for new issue of units with pre-emptive rights for existing shareholders. The subscription period runs from December 4 to 18, 2019. Shareholders in the company who were listed in the share register kept by Euroclear Sweden
CMA CGM Picks Marseille-Fos for Bunkering of LNG-Fueled ULCVs
CMA CGM has chosen the port of Marseille-Fos for the bunkering of the company’s future 15,000 TEU vessels.
Diana Charters Out Two Bulkers at Lower Rates
Athens-based Diana Shipping has signed new charter contracts for two of its dry bulk vessels.
Monaco Belt Filling Operations Near End
Anse du Portier Monaco has just released the latest update on their land reclamation project, saying that sand filling operations on the ‘belt’ will be completed during the next week. The sand for this scheme comes from areas located around Marseille, France, and Piombino, Italy. To create the land,
Motive Offshore forms flowline arm following Pumptech buy
Marine equipment fabrication specialist Motive Offshore has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum.
Seatec Wins Special Umbilical Order
The Nederlands-based technical solutions provider Seatec said it has received order for 3000mtr special designed subsea umbilical. The umbilical consists of various 16mm2 power cores as well as multiple twisted pairs for controls. It also has an integrated aramid fibre as strength member to handle l
DNV GL Unveils ‘Gas Fuelled LPG’ Class Notation
The development comes as a way of bridging the gaps present in international regulations for such fuels.
Former BDEW Head Takes Helm of 50Hertz
German transmission system operator (TSO) 50Hertz has appointed Stefan Kapferer, former head of the German Association of Energy and Water Industries (BDEW), as its new CEO. Kapferer took over the position on 1 December from Chief Technical Officer (CTO) Frank Golletz, who was in charge of the CEO t
Neptune dishes out drilling services contracts for North Sea project
Neptune Energy has awarded new drilling services contracts for the Seagull project in the UK North Sea.
John Adams Named Managing Director of V.Ships Ltd
V.Group has appointed John Adams as managing director of V.Ships UK Ltd.
Dredging Plans Unveiled for Banff, Macduff and Stonehaven
Aberdeenshire Council has committed itself to a three-year dredging contract for three North-east harbors it operates, the council said in its latest release. According to their official statement, as statutory authority for Banff, Macduff and Stonehaven, the council has a legal obligation to provid