Business & Finance
Maersk Supply lands FPSO tow and mooring installation job
Maersk Supply Service has been awarded an integrated FPSO tow and mooring installation project for an operator in the North Sea.
Dredger Sandsend Returns to Whitby
The Scarborough Borough’s dredger ‘Sandsend’ has recently returned to Whitby following a period of dry docking on the Humber, overseen by the vessels master (captain) and crew, as well as the harbor master’s team. “Periodic dry docks are a statutory requirement to allow the vessel to be inspected ou
Maersk Tankers to Grow Its Managed Fleet by 11 Ships
Maersk Tankers is set to add 11 tankers to the fleet under its management, following a new agreement.
Royal IHC Develops Integrated Project Plan on Circular Sediment Management
Dredging consultants from a consortium of Dutch companies including Royal IHC, Deltares and NETICS have prepared a full-scale pilot project to implement a circular sediment management plan for a reservoir dredging work in India. For the majority of dams that have been clogged up during the past deca
Billionaire Fredriksen steps down as Seadrill Chairman
“My close involvement and strong support of Seadrill will remain unchanged.”
Performance Shipping Boosts Fleet with Aframax Tanker
Greek shipowner Performance Shipping has agreed to expand its fleet with an Aframax tanker.
Jan De Nul Taps Correll Services for Changhua OWF Work
Electrical installation company Correll Services has recently been awarded a contract by Jan De Nul for the subsea & land cable termination & testing works on the Changhua Demonstration offshore wind farm in Taiwan. This is the company’s second job only weeks after completing its first project in Ta
XOCEAN Eyes Expansion with New €7.9M Investment Boost
Ocean data company, XOCEAN, has completed a €7.9-million funding round. The purpose of this funding is to support the company’s international scaling plans and was fully subscribed by existing shareholders. XOCEAN has recently delivered projects for clients including BP, Equinor, PX Group and the UK
Titan LNG Wraps Up 1st STS LNG Bunkering in Port of Ghent
Dutch LNG supplier Titan LNG has completed the first ship-to-ship LNG bunkering in the Port of Ghent, Belgium.
Flex LNG Secures USD 629 Mn Loan for Five Newbuilds
Flex LNG has secured a new USD 629 million financing for the five newbuilds scheduled for delivery in 2020.
ECOsubsea Grows Hull Cleaning Footprint in Europe
Norwegian provider of hull cleaning technology ECOsubsea said it has been given green light by the Dutch regulatory body Rijkswaterstaat to offer hull cleaning services to vessels at all Dutch Ports including Europe’s biggest port, the Port of Rotterdam. ECOsubsea also secured similar permissions in
Ocean Energy Systems Expects Wave and Tidal Energy Boom in 2020
Ocean Energy Systems is predicting strong advances in ocean energy in 2020, driven by public and private sector funding. The last OES annual report highlights significant international investment including $25 million pledged by the US Department of Energy to support 12 ‘next-generation’ marine ener
Petrofac fetches over $120 million with new deals
Oilfield services provider Petrofac has been awarded contracts and extensions with a combined value of more than $120 million.
ABB Demos Its Subsea Power Technology
ABB has completed a 3,000-hour shallow water test of its pioneering subsea power distribution and conversion technology system – making it commercially viable. The system delivers a supply of up to 100 megawatts of power, over distances up to 600 kilometers and down to 3,000 meters water depth, at p