Business & Finance
IKM Scoops Up Johan Sverdrup Phase 2 Project
IKM Ocean Design has been awarded Johan Sverdrup Phase 2 pipeline and umbillical detail engineering contract. The contract is a continuation of IKM Ocean Design’s long-term involvement in the Johan Sverdrup project, where the company has been involved in all project stages for both Phase 1 and Phase
German Fintech Launches New Digital Ship Investment Project
Hamburg-based FinTech company Marvest launches a new digital ship investment project.
Stena Estrid Joins Stena Line’s Fleet
The vessel will now start a six-week journey to the Irish Sea, where it will begin service in January 2020.
Denmark Rolls Out New Subsidy Scheme for Offshore Wind
The Danish government has agreed on a new subsidy scheme for the Thor offshore wind project. With the new scheme, the government said a stable settlement price is guaranteed for the power generated by the offshore wind farm and support is provided based on the difference between the agreed price and
Port of Rotterdam: The Slufter Opens for PFAS Silt
The Slufter, the depot for contaminated dredged material from the Port of Rotterdam, can now also accept dredged silt contaminated with PFAS – a group of over six thousand synthetic chemical substances that occur in non-stick coatings, paint, fire extinguisher foam, clothing and many other products.
Drewry: Higher BAF Charges to Arrive ahead of IMO 2020
Shippers and forwarders are starting to help carriers cover the additional cost of the cleaner, low-sulphur fuel.
2020 Bulkers, Koch Extend Charters for Two Ships
The company’s Bulk Santiago and Bulk Seoul will continue working for Koch for another 11-13 months.
EDS Gets New Managing Director
High voltage engineering specialist EDS, part of James Fisher and Sons, has appointed Ryan Henderson as its new managing director. Henderson will become managing director on 1 January 2020 at which point Ken Ritson, current MD and founder of the business will take up a new role as a non-executive di
ADBP Publishes Paper on Dredging Cost Standards
The financial costs associated with dredging activity are highly variable, depending on the plant being employed and the type of dredging being undertaken, Anthony D Bates Partnership (ADBP) reports. Since 2005, the Construction Industry Research and Information Association (CIRIA), has published th
EIB to Ditch Fossil Fuels, Focus on Clean Energy Investments
The European Investment Bank (EIB) is planning to support EUR 1 trillion of investments in climate action and environmental sustainability from 2021 to 2030 as part of a new energy lending policy. Following the approval of the revised energy lending policy, the EIB stated it will no longer consider
Maersk’s Operating Results Up despite Lower Container Demand
The company delivered strong free cash flow and a return on invested capital of 6.4%, according to Maersk CEO.
Equinor to award $380 million worth of contracts for inspection services
Equinor has chosen suppliers for inspection services on all offshore installations on the Norwegian continental shelf and onshore plants in Norway.
Equinor taps Aker Solutions for inspection services in Norway
Aker Solutions has been chosen by Equinor as the main supplier for inspection services for more than 15 operating facilities in Norway.
IKM lands more Johan Sverdrup work
IKM Ocean Design has been awarded an engineering contract for pipeline and umbilical for the Equinor-operated Johan Sverdrup Phase 2 project located offshore Norway.