Business & Finance
Cahuzac to Retire as Subsea 7 CEO
Subsea 7 CEO Jean Cahuzac will retire from his position at the end of this year and will be succeeded from January 1, 2020 by John Evans, who is currently COO. Jean Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008, having previously worked for Transocean and Schlumberger
Atlantic Offshore bags two vessel deals in UK
Offshore vessel owner Atlantic Offshore has been awarded contracts by Equinor and Repsol Sinopec for its vessels in the UK.
Drewry: Capesize Market Spot Rates at Record Highs
Upcoming IMO rules and recovery in Brazil’s iron ore exports to support the continued surge in freight rates.
Panama Canal, Rotterdam Port to Promote International Trade
The parties would promote international trade between Europe and the West Coast of South America.
Norden Creates Targeted Decarbonization Role
The role will be led by Henrik Røjel with an aim to accelerate efforts in developing CO2 neutral transportation.
Webtool Boosts JDR’s IWOCS
Subsea cutting tools specialist, Webtool, has supplied JDR Cable Systems with a resettable emergency disconnection tool for its fleet of rental IWOCS well intervention and workover systems. JDR’s Intervention Workover Control Systems (IWOCS) rentals are said to offer oil and gas operators the abilit
ROHR-IDRECO Commissions Another Jet Suction DRAGA
ROHR-IDRECO Dredge Systems has successfully commissioned another Jet Suction DRAGA for one of their German customers. This efficient dredger is equipped with 3D-DGPS system and able to pump a mixture of 1100m3/hr, at a depth of 13m and to a distance of 300m. All of this with only 250kW of installed
Mohn Exits DOF
Norwegian shipping company engaged in the subsea construction market, DOF, said that Frederik Wilhelm Mohn has resigned from the boards of directors in DOF ASA and DOF Subsea AS with immediate effect. The Oslo-listed companies said they are working on finding replacements. Frederik W. Mohn is the so
BW LNG Holds Naming Ceremony for LNG Carrier Duo in Korea
Following delivery, the vessels will start long-term charters with Pavilion Energy and BP.
German Trains to Run on Offshore Wind
Innogy and RWE Supply & Trading have signed a power purchase agreement (PPA) with Deutsche Bahn (German Rail – DB) for the supply of electricity from the Nordsee Ost offshore wind farm. The supplied volume comprises 25MW, which is the equivalent of four turbines, representing 8% of the total product
Atlantis to Build Ocean Powered Data Centre in Scotland
SIMEC Atlantis plans to build a tidal-powered data centre in the Caithness region of Scotland. The power supply for such a data centre would include electricity supplied via a private wire network from tidal turbines at the existing MeyGen project site. This would be the first ocean powered data cen
Castor Maritime Charters Latest Addition to Oldendorff
The 2001-built Magic Sun was chartered by Oldendorff Carriers at a daily rate of USD 12,000.
Hyundai Heavy Splashes Flex LNG’s New Vessel
The newbuilding number 8010, to be named Flex Aurora, was launched to sea on September 6.
DFDS in Ferry-Swap Agreement with Moby
DFDS will purchase Moby Wonder and Moby Aki, and Moby will in turn acquire King Seaways and Princess Seaways.