Business & Finance
Airport Authority Hong Kong Opts for Fugro
Airport Authority Hong Kong (AAHK) has awarded Fugro another significant land site investigation contract as part of the $18 billion three-runway system (3RS) project for the expansion of Hong Kong International Airport. Under the agreement, Fugro will perform geotechnical drilling and cone penetrat
Former TGS CEO becomes Shearwater chairman
Norway’s seismic vessel fleet owner Shearwater GeoServices has named a new chairman of the company’s board of directors.
CGG’s 3Q net income at $41 million
French marine seismic company CGG reported Group net income of $41 million for the first quarter of 2019, compared to the previous year’s 3Q loss of $1.5 million. Group revenue was $323.4 million down $387.7 million in the third quarter of 2018. Operating income was higher in this year’s 3Q coming i
Diana Loses Charter Deal for Post-Panamax
Diana Shipping revealed that a time charter contract for one of its Post-Panamax bulkers has been canceled.
Terntank Orders Two Hybrid Tankers in China
The 15,000 dwt chemical/product/biofuels tankers will be capable to operate with liquefied biogas (LBG).
Huisman Crane for Bokalift 2
Huisman has been selcted by Boskalis to deliver a 4,000mt offshore mast crane (OMC) to be installed on their crane vessel Bokalift 2. This deal follows successful delivery of the 3,000mt offshore mast crane for the Bokalift 1 in 2017. With a lifting capacity of 4,000mt at 100 meters above deck, this
Work Continues on the Future Harbor Wharf in Gdańsk, Poland
Construction work on the Port of Gdańsk new harbor wharf is moving on nicely, according to the SSAB whose steel piles are being used for the project. Work on the new wharf started in December 2018 with soil improvement and the installation of CFA bored piles by subcontractor Keller Polska, Sp. z o.o
UK Export Finance Supports Formosa 2 with GBP 230 Million
UK Export Finance (UKEF) has provided an NT$ 9.2 billion (GBP 230 million) project finance guarantee to support the construction of the Formosa 2 offshore wind farm in Taiwan. As a result of the support, UK companies will be involved in the construction of the 376MW wind farm, helping unlock the exp
Polarcus returns to profit in 3Q
Seismic services provider Polarcus returned to profit in the third quarter of 2019 on the back of improved pricing and operational performance. Polarcus said on Tuesday it had recorded revenues of $103.4 million, an increase of 19% compared to 3Q 2018 and revenues of $87 million, driven by the incre
Deltares: Faster Reuse of Dredged Sediment by Using Worms
Oligochaete worms can substantially speed up the reuse of both dredged sediment and contaminated mine tailings, Deltares said in their latest release. Researchers from Deltares, with the support from the University of Alberta, Queen Mary University of London and NAIT (polytechnic and applied researc
Atlantis Adds GHR
Atlantis has completed the acquisition of the Green Highland Renewables project development, asset management, operation and maintenance business (GHR) from SIMEC Energy. GHR is headquartered in Perth, Scotland and has an operations base in Dingwall, Scotland with 23 members of staff. GHR has consen
Neste Brings New IMO 2020-Compliant Fuel to Germany
This new marine fuel has been available in Bremerhaven, Germany, since the beginning of November 2019.
Report: Seafarer Happiness Levels Rise Across All Industry Sectors
Overall seafarer happiness was up from 6.27/10 to 6.59, representing “a very promising sign for the industry.”
Polarcus Reports Improved Results in Third Quarter 2019
Seismic player Polarcus has bounced back in black when compared to third-quarter 2018 as revenues increased some 19 percent. The Oslo-listed company reported profit for the quarter ended September 30, 2019 of $13.7 million, versus loss of $8.4 million in Q3 2018. For the nine months in 2019, Polarcu