Business & Finance
TGS and Spectrum fulfill all merger conditions
All conditions for the merger between two Norwegian seismic companies, TGS-NOPEC and Spectrum, have now been fulfilled. The two companies agreed to merge back in early May 2019 their directors approved and decided upon a final merger agreement and merger plan later that month. At their respective ex
James Fisher snaps up Brazilian diving service provider
James Fisher and Sons has decided to acquire a 60% of the share capital of Continental Participação E Administração Ltda., the holding company of Serviços Marítimos Continental S.A.
Former MOL Group manager joins Deloitte
Former MOL Group’s accounting and reporting manager has joined Deloitte as an audit director
Fincantieri Floats Out Princess Cruises’ Newest Vessel
Interior fittings will now begin, leading the vessel to its delivery, scheduled in 2020.
Royal IHC, Inner City Diesel Join Forces
Royal IHC, a Dutch supplier of equipment, vessels and services for the offshore, dredging and wet mining markets, has just announced their partnership with Inner City Diesel Ltd. “The Canadian company is located in Fort McMurray, Alberta and will work alongside our colleagues to create a one-stop sh
IADC: Terra et Aqua 155 Available
The International Association of Dredging Companies (IADC) has just released the latest edition of their Terra et Aqua magazine, introducing the following articles: a safety roundtable, numerical simulation and mud motor. An article by Cao Lei presents research which numerically simulates the unstea
Titanic-Builder Harland and Wolff Files for Insolvency
The 150-year-old shipyard built its last ship in 2003.
VBA Wins New Contracts for WEM Framework
VolkerStevin, alongside joint venture partners Boskalis Westminster and Atkins, has been awarded five new contracts as part of the Environment Agency’s Water and Environment Management (WEM) £1 billion Framework to reduce flooding across the UK. Work has already begun on the following projects, aime
Peter Madsen Rederi Vessels Prove Success in Faroes Islands
After more than a year working on a major port expansion project in the Faroe Islands’ Port of Torshavn, the Peter Madsen Rederi’s wire crane vessels ‘Merete Chris’ and ‘Aase Madsen’ are now being demobilized. Their work scope included removal of existing revetments, which were built into the new br
Atlantis Launches GBP 7 Million Bond
SIMEC Atlantis Energy has, through Abundance Investment, launched a proposed five-year bond offer maturing 2024. The bond offer seeks to raise a maximum of £7 million, and is expected to close on or before October 31, 2019, with the extension option by up to three months at the company’s discretion.
VIDEO: Forming New Coastline in Monaco
The Monaco Land Extension Project reached another important milestone last month – the 17th caisson was successfully immersed, completing the ‘belt’ that will form a new coastline in Monaco. The structure, erected during the last 12 months, is 500 meters long and rests at a depth of 20 meters on a s
Viewport3 Supports Lost 52 Project
Aberdeen-based subsea 3D scanning specialists Viewport3 has been collaborating with explorer Tim Taylor to process pioneering underwater 3D scans on the bow and stern of a US submarine which was lost in 1942. Viewport3 was contracted by Tim Taylor, CEO of Tiburon Subsea Services and founder of Ocean
UK and German Firms Sign Offshore Wind Vessel Tracking Deal
The UK Nesspoint Ltd. and Germany’s in-innovative navigation GmbH have joined forces to cooperate in the offshore wind market. The deal will see the two companies working together in the field of vessel tracking management and sea surveillance for offshore wind. According to Marcus Krol, Head of Sal
UK and German Firms Sign Offshore Wind Vessel Tracking Deal
The UK Nesspoint Ltd. and Germany’s in-innovative navigation GmbH have joined forces to cooperate in the offshore wind market. The deal will see the two companies working together in the field of vessel tracking management and sea surveillance for offshore wind. According to Marcus Krol, Head of Sal