Business & Finance
Ferry-Swap Deal between DFDS and Moby Fails
DFDS and its Italian counterpart Moby have canceled an agreement related to Amsterdam-Newcastle ferries.
Maersk, Wallenius Wilhelmsen to Lead Development of LEO Fuel
Shipping companies A.P. Moller-Maersk and Wallenius Wilhelmsen team up with clients to form the LEO Coalition.
Scottish Offshore Wind Energy Council Sets 8GW by 2030 Goal
The Scottish Offshore Wind Energy Council (SOWEC) has officially launched, calling for the goal of having at least 8GW of offshore wind in Scottish waters by 2030. The council, launched on 29 October, said it aims to lead and support the industry, boost the local content of projects and increase job
Jan De Nul Kicks Off Maputo Port Dredging
Maintenance dredging operations along the access channels of Maputo Port in Mozambique are officially underway, the port said in its latest release. Jan de Nul’s dredging vessels Francesco de Giorgio and Henri Pitot arrived in the port on October 14 and started the dredging work two days later. The
Euronav Cuts Net Loss in Third Quarter
The company’s net loss was at USD 22.9 million, compared to a net loss of USD 58.7 million seen a year earlier.
GE and Poles Sign Offshore Wind Agreement
The Polish Ministry for Investments and Development and GE Renewable Energy have signed a Letter of Intent (LoI) to cooperate on the development of Poland’s offshore wind sector. Polish Minister of Finance, Investment and Development Jerzy Kwieciński and GE’s Sławomir Żygowski and Fabrice Kermorgant
Ciena Boosts IMEWE Submarine Cable
IMEWE (India-Middle East-Western Europe), the ultra-high capacity fiber optic submarine cable system, is deploying Ciena’s coherent optical solutions and automation software to address network capacity requirements in the region. Ciena’s solutions provide IMEWE with a network capable of delivering i
Rig impairments drag Transocean deeper into the red
Affected by impairments for three retired rigs, offshore drilling contractor Transocean more than doubled its losses in the third quarter of the year when compared to the last year’s 3Q.
Sri Lanka Land Development Corporation Opts for Dredge Yard Vessel
Dredge Yard and its sole agent in Sri Lanka, Hoavel Holdings, have won an order for a standard Cutter Suction Dredger ECO 300. The new dredger will be used by Sri Lanka Land Development Corporation (SLLDC) for the cleanup of the Beira Lake in Colombo, Sri Lanka. According to the company, Hovael Hold
Telxius Opens Derio Communications Hub
Telxius, the communications infrastructure company of the Telefonica Group, has launched its purpose-built, interconnection-rich, Derio communications hub. Strategically located in the north of Spain, it is only a few kilometers away from subsea cable MAREA’s landing point. With 2,000 sqm and up to
Canaan Lake Restoration Project in Full Swing
Galvin Bros., Inc. Construction Company is currently working hard on the Canaan Lake Restoration Project using Remu Big Float E22 Amphibious Excavator. Canaan Lake is a 26 acre lake in Long Island, New York, that has been affected by many different invasive plant species making the lake essentially
Vattenfall Feels Wind Bump
Vattenfall’s Wind Business Area saw an increase in net sales and the underlying operating profit during the first nine months of the year, mainly owing to new capacity and higher production due to stronger winds. In the last twelve months, Vattenfall commissioned two wind farms, the 29MW Slufterdam
Meyer Turku Delays Delivery of Costa Smeralda Again
The second delay was made due to “the high complexity and the sheer size of the ship project.”
New Capital Injection for Minesto
Swedish marine energy developer Minesto has raised SEK 60 million ($6.2 million) through a directed issue and also decided to carry out a subsequent rights issue of SEK 86.5 million ($8.9 million). The direct issue of units was subscribed for by an undisclosed international institutional investor (S