Business & Finance
BAM Exits Offshore Wind Foundations Market
Dutch construction-services business Royal BAM Group nv is exiting its activities in the offshore wind foundations market as part of an ongoing portfolio review. BAM announced the decision in its results for the first half of 2019 where the Bunnik-headquartered group also reported an impairment char
GMS CEO quits after guidance reset
Offshore oilfield contractor Gulf Marine Services’ (GMS) chief executive officer Duncan Anderson has resigned as the company now expects lower 2019 earnings compared to 2018.
OPT Debuts for Premier in North Sea
Ocean Power Technologies said it has deployed its PB3 PowerBuoy in the North Sea for Premier Oil. This latest deployment of a PB3 PowerBuoy will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington field in the central N
NKT Firms Up Viking Link Deal
NKT had received the award by Energinet and National Grid to supply a onshore cable system for Viking Link interconnector project, connecting the Danish and British power transmission grids. The deal will see NKT deliver approximately 150 kilometers of 525 kV MI high-voltage DC onshore power cables.
iContainers: Two Factors to Further Disrupt 2019 Peak Season
IMO 2020 sulphur cap, earlier than usual 2020 Chinese New Year would “further disrupt and unsettle supply chains.”
Vista Shipping to Finance New Tankers with USD 111 Mn Loan
The loan would be used to finance four new LR1 product tankers being built at Guangzhou Shipyard.
Wallenius Wilhelmsen Hit with Criminal Cartel Charges in Australia
The alleged cartel conduct is related to shipping of certain vehicles to Australia between June 2011 and July 2012.
Seasonal Variations Push Höegh LNG into the Red
The company’s net loss was at USD 3.6 million, against a profit of USD 4.5 million reported in the previous quarter.
Hywind Tampen Secures Enova Funding
Equinor has secured funding of up to NOK 2.3 billion (circa EUR 231.5 million) from Enova for the Hywind Tampen floating wind project in Norway. “The support that the licences have received for the Hywind Tampen project demonstrates the will of Norwegian authorities to invest in and develop floating
Hywind Tampen Secures Enova Funding
Equinor has secured funding of up to NOK 2.3 billion (circa EUR 231.5 million) from Enova for the Hywind Tampen floating wind project in Norway. “The support that the licences have received for the Hywind Tampen project demonstrates the will of Norwegian authorities to invest in and develop floating
Stena Bulk Meets Iran’s Foreign Minister over Stena Impero Release
The company and Iran’s Foreign Minister had “a constructive dialogue” on the release of the vessel held since July 19.
Bibby HydroMap Extends Hollandse Kust Zuid UXO Hunt
Bibby HydroMap has kicked off UXO survey operations on the 760MW Hollandse Kust Zuid (HKZ) Wind Farm Zone Sites III & IV on behalf of Vattenfall. The second UXO survey for the UK-based seabed survey company on the Hollandse Kust Zuid Wind Farm Zone comes after Vattenfall was announced as the winner
Shearwater Wraps Up Pensacola Shoot for Shell
Shell and its partner Cluff Natural Resources have completed a 3D seismic survey extending to approximately 420 square kilometers over the Pensacola Prospect in the Southern North Sea. The survey, conducted by Shearwater GeoServices using the Polar Empress, was completed on time and with no health,
Drewry: Misdeclared Cargo Fines Unlikely to Change Rogue Shippers
Eight fire incidents occurred aboard ships carrying containers this year alone.