Business & Finance
2020 Bulkers Takes Delivery of Third Newcastlemax Newbuild
The 208,000 dwt ship is part of a sale and leaseback deal with Ocean Yield.
Baker Hughes Improves Quarterly Profit
Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September 30, 2019. The result compares with $13 million profit in Q3 2018, and $9 million loss sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $114 million, up 46%
Fincantieri Refutes Rumors Linked to Chantiers Deal
Fincantieri denies reports that EU antitrust authorities would commence an in-depth analysis of the Chantiers deal.
Wikinger, East Anglia ONE Boost Iberdrola’s Numbers
Spanish energy company Iberdrola’s offshore wind farms generated 1,493 GWh of electricity in the first nine months of 2019, a 37.9% increase compared to the same period last year. The increase is due to the 350MW Wikinger offshore wind farm’s contribution over the full nine-month period this year an
Wikinger, East Anglia ONE Boost Iberdrola’s Numbers
Spanish energy company Iberdrola’s offshore wind farms generated 1,493 GWh of electricity in the first nine months of 2019, a 37.9% increase compared to the same period last year. The increase is due to the 350MW Wikinger offshore wind farm’s contribution over the full nine-month period this year an
CargoSmart: Schedule Reliability Rises in Q3 2019
Ocean schedule reliability for third quarter was 75.7%, slightly higher than in the second quarter of 2019.
Total profit tumbles due to lower prices
French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an increase in production.
Global Marine Group Sells Its Stake in Huawei Marine Networks
Global Marine Group, a HC2 Holdings’ Marine Services Segment, has agreed to sell its stake in Huawei Marine Networks, its 49% joint venture with Huawei Technologies, to Hengtong Optic-Electric. The sale of GMG’s interest values HMN at $285 million, and GMG’s 49% stake at approximately $140 million.
Video: FSG Launches Siem’s Newest RoRo Vessel
Germany’s FSG has launched a 4,076-lane meter RoRo freight ferry being built for Norwegian Siem Europe.
Boskalis to Dredge Port-La-Nouvelle in France
The Occitanie/Pyrénées-Méditerranée Region has awarded a contract for the port expansion of Port-La-Nouvelle, in south-western France, to the consortium formed by Bouygues Travaux Publics (lead company) and Boskalis Nederland BV. The total value of the project amounts to €199 million, for an overall
Ocean Yield Ends Third Quarter in Red
Net loss amounted to USD 63.2 million, compared to a net profit of USD 39.9 million reported a year earlier.
Inpex hires Solstad AHTS duo for Ichthys drilling support
Norwegian offshore vessel owner Solstad Offshore has been awarded a contract by Japanese oil and gas firm Inpex for the provision of two anchor handling tug supply (AHTS) vessels for work on the Ichthys LNG development.
Stena Estrid Wraps Up Sea Trials in China’s Yellow Sea
The vessel is now on schedule to start operating on the Dublin to Holyhead route in early 2020.
Carnival Takes Delivery of Third Vista-Class Unit from Fincantieri
Carnival Panorama completed sea trials in June this year.