Business & Finance
Okeanis Eco Tankers Accepts Delivery of Its Fifth New VLCC
Okeanis Eco Tankers has taken delivery of Nissos Donoussa, a very large crude carrier (VLCC) newbuild.
DEME and Eiffage Grab Saint-Nazaire Foundations Prize
A consortium including DEME and Eiffage Métal has been awarded a €500-million contract for 80 foundations at the Saint-Nazaire offshore wind farm in France. The scope includes the design, fabrication and installation of the steel foundations. The 480 MW Saint-Nazaire offshore wind farm, owned by EDF
China-Led Consortium Chosen to Build LNG Terminal in Cyprus
The LNG terminal at Vassiliko Port in Cyprus is scheduled for completion in 2021.
Monjasa Takes Full Ownership of Five Bunker Tankers
The vessels can segregate between two and six different types of oil products onboard.
Royal IHC Lays Keel of Two Custom-Built CSDs
Last week, the keel laying of the two custom-built 29,190kW heavy-duty rock cutter suction dredgers for the Egyptian Suez Canal Authority (SCA), took place at Royal IHC’s shipyard in Krimpen aan den IJssel. The vessels, named MOHAB MAMEESH and 26th OF JULY, will have an overall length of 147.4 meter
Klaveness Combination Carriers Suffers Loss in Q2
Klaveness Combination Carriers (KCC) ended the second quarter of this year with a net loss.
Stromag Modifies TRI Coupling for Dredging Vessel
Boone B.V., a technical solutions provider and Stromag recently completed modification of a TRI Coupling that was needed on a trailing suction hopper dredge (TSHD) in the Netherlands. Due to age and operating conditions, the existing competitor coupling’s rubber elements began to crack. Installed be
Charter Extension for Bourbon Oceanteam 101
Oceanteam and Bourbon charter contract for the vessel Bourbon Oceanteam 101 has been extended. The initial charter for the 2007-built subsea construction support/flexible product installation vessel started in 2016. Over the past period the CSV BO 101 has assisted in installing jumpers and X-mas tre
Spliethoff Group to Build Seven New Vessels for Charter to UPM
Two affiliates of Spliethoff Group and UPM enter into a long-term charter agreement covering seven new vessels.
Magseis Fairfield Returns to Profit
Seabed seismic services player Magseis Fairfield has bounced back to profit in the second quarter of 2019. The Oslo-listed company has seen its revenue at USD 132 million, up from USD 20 million same time last year (excluding Fairfield and WGP Group revenue) and also up for Q1 2019 revenue of USD 12
Hess awards North Sea decommissioning job to Petrofac
Petrofac has been awarded a well plugging and abandonment contract in the UK North Sea with oil company Hess.
Frontline’s Front Altair to Return to Service in 4th Quarter
The ship would return to service once it completes repairs, currently ongoing in Dubai.
Havyard: Hull of Fjord1’s New Ferry Launched at Cemre Shipyard
On August 24, Turkish Cemre Shipyard launched the hull of a new ferry being built for Fjord1.
Slight Drop for Reach Subsea
Norwegian contractor booked profit of NOK 4 million on revenues of NOK 181 million, versus profit of NOK 5 million, on revenues of NOK 191 million in the year-ago quarter.