Business & Finance
MPC Capital Takes Stake in Tanker Specialist Albis
Germany’s MPC Capital buys a strategic stake of 50 percent in compatriot tanker specialist Albis.
Foyle and Marine Dredging Kicks Off Killybegs Project
Foyle and Marine Dredging Ltd. has commenced dredging operations in Killybegs, Donegal County, Ireland. The company announced today that their dredger ‘Dinopotes’, fitted with an environmental bucket to minimize turbidity, is performing the works. The dredging is part of a €14.7 million capital work
WFS Technologies Wins Industry Award
WFS Technologies has been honoured with an industry award after winning Oil & Gas UK’s Business Innovation accolade for its Seatooth technology. The Seatooth technology enables the automation and digitalization of subsea assets through its ability to communicate through steel, ground, sea water and
European Shipyards, Manufacturers Urge EU to Safeguard Industry
European social partners called upon EU policy-makers to adopt a dedicated European industrial strategy.
Ob-Irtysh Basin Navigation Season Closes
The Navigation Season 2019 on the Ob-Irtysh Basin System of Waterways has come to an end, the Rosmorrechflot press center (Federal Marine and River Transport Agency) reports. In 2019, total length of waterways with aid to navigation was 8,750 kilometers. According to Rosmorrechflot, the scope of dre
Minesto Launches $9M Rights Issue
Minesto has decided to carry out a rights issue to raise proceeds of approximately SEK 86 million (close to $9 million). The rights issue is carried out in order to give Minesto’s existing shareholders the opportunity to subscribe for new shares under the same conditions as in the private placement
MOL hires Maersk jack-up for North Sea well
Maersk Drilling has secured a one-well contract for the ultra-harsh environment jack-up rig Maersk Interceptor with MOL Norge.
MSC Cruises Claims Title of World’s First Carbon Neutral Cruise Line
CO2 emissions from MSC Cruises’ fleet will be offset as of January 1, 2020, the company says.
Gibson: Tanker Scrapping to Remain Low During Winter
A lack of demolition activity has been one of the key developments in tanker supply this year.
ASN Delivers First Phase of Jahan Sverdrup PRM Project
Alcatel Submarine Networks (ASN) has recently installed and commissioned the first phase of the permanent reservoir monitoring (PRM) system for the Johan Sverdrup field, operated by Equinor in the North Sea. The Optowave PRM system has acquired data during the first seismic data acquisition campaign
BIMCO: Market Uncertainty Causes More Fuel Oil Price Volatility
The uncertainty of the upcoming IMO 2020 sulphur cap regulation is having a big impact on the bunker market.
Reducing Ship Speeds Has Multiple Benefits, New Study Shows
Slower ship speeds would massively reduce the damage shipping is causing to human health, nature and the climate.
Transmark Subsea Represents DeepSea Power & Light in Nordics
Bergen-based Transmark Subsea has become the new representative for DeepSea Power & Light in the Nordics. DeepSea’s underwater lighting, cameras, batteries and PRV’s aligns well with Transmark Subsea’s expansion strategy in the region, the company said. The combined forces of both companies’ teams o
Green Light for Ærfugl Phase 2
Partners in the Ærfugl field development in the Norwegian Sea have decided to move forward with Phase 2 of the project, three years ahead of the original plan. The Ærfugl field, which produces via Skarv FPSO, is one of the most profitable development projects on the Norwegian shelf with a break-even