Business & Finance
BP posts quarterly loss on divestment charge and weaker Upstream earnings
BP’s third-quarter results took a hit due to lower oil prices and maintenance, hurricane impacts and a divestment charge.
Eni, CDP, Fincantieri and Terna Establish New Company for Wave Energy
Eni, Cassa Depositi e Prestiti, Fincantieri and Terna have signed an agreement to set up a company for the development and manufacturing of wave-energy power plants. The agreement was signed in Ravenna by the chief executive officers of Cassa Depositi e Prestiti, Fabrizio Palermo, of Fincantieri, Gi
EllaLink and Telxius Team Up on Latin America – Europe Connection
The EllaLink Group and Telxius, the telecommunication infrastructure company of the Telefónica Group, have signed a collaboration agreement for international subsea capacity and terrestrial connectivity in Latin America, including cable landing facilities in Fortaleza, Brazil. The complementary infr
DeepOcean Unveils New Name of Subsea Trenching Unit
DeepOcean Group has revealed the new name and brand for its subsea trenching division that will become Enshore Subsea from November 01, 2019. Enshore will be based at the Port of Blyth in the North East of England, from where DeepOcean develops, maintains and operates the subsea trenching vehicles.
Tallink Unveils Name of New Dual-Fuel Shuttle Vessel
MySTAR will be the name of the new LNG-powered shuttle vessel being built for Estonian Tallink Grupp.
Wärtsilä’s Earnings Dented by Low Scrubber Demand
The decline in order intake reflected weak vessel contracting and softened demand for scrubber systems.
SSY, Signal Ocean Team Up on Tech Solutions for Dry Bulk Sector
Shipbroker and technology startup plan to bring technology solutions to the commercial ship management of dry bulkers.
Peel Ports Runcorn Docks Back in Action
Peel Ports Group has marked the full reopening of Runcorn Docks on the Manchester Ship Canal, following a £4 million program of works. Over the last 14 months, Peel Ports has worked with McLaughlin and Harvey to reinstate and upgrade two of its 4 berths one of which was closed in January 2017. As re
Wasa Dredging Ready for Pampus Project in Sweden
Wasa Dredging, a Finnish water construction company, is making final preparations to begin a dredging project at the Pampus container and breakbulk terminal in the Norrköping Harbor, Sweden. According to Wasa, for this $9.3 million cleanup program they will use the backhoe dredger Harald, combined d
Diamond Offshore sinks deeper into the red
Diamond Offshore nearly doubled its losses as its revenues dropped in the third quarter of 2019 when compared to the same period in 2018.
Saildrone USV Crosses Atlantic Ocean East-To-West
After setting the record for the fastest unmanned Atlantic crossing, Saildrone USV SD 1021 has completed the return journey, not only beating its own record time but also becoming the first autonomous vehicle to transit in both directions across the Atlantic Ocean. In August 2019, a Saildrone unmann
Higher Charter Rates Help Safe Bulkers Remain Profitable
Safe Bulkers wrapped up the third quarter of 2019 with a profit, driven by an increase in charter rates.
Valaris secures batch of new contracts for rig fleet
Valaris, formerly known as EnscoRowan, has been awarded new contracts and extensions with BP, Murphy Oil, Premier Oil, SapuraOMV, and Saudi Aramco.
The Ocean Cleanup Rolls Out New Solution to Tackle River Plastic Pollution
The Ocean Cleanup aims to tackle the 1,000 most polluting rivers before the end of 2025.