Business & Finance
Siem Offshore’s former drillship picks up five-year extension
Overseas Drilling Limited (ODL), a wholly-owned subsidiary of offshore vessel supplier Siem Offshore, and Texas A&M Research Foundation have agreed a charter extension for the JOIDES Resolution scientific research vessel.
CEMEX Go Innovation Hits the Water
The first of Damen’s new Marine Aggregate Dredger class, a 103.5 meter MAD 3500, has been launched at Damen Shipyards Galati (DSGa) in Romania. The vessel, to be named the CEMEX Go Innovation, is the result of close cooperation between CEMEX UK Marine and Damen and represents the first of a new gene
MacGregor Finally Seals TTS Acquisition
MacGregor has wrapped up the acquisition of the marine and offshore businesses of TTS Group.
Hopper Dredger LESSE Passes Sea Trials
The sea trials of the 2,300m³ trailing suction hopper dredger (TSHD) LESSE have been completed successfully, informs Royal IHC. According to the shipbuilder, during the trials, the vessel and its dredging equipment were thoroughly tested in all conditions. The LESSE was built by IHC’s partner yard M
Boskalis, Kotug Finalize Sale of Kotug Smit Towage to Boluda
The combination of Kotug Smit Towage and Boluda is attractive for all stakeholders, the parties noted.
New Bell’s Amphibious Excavator Busy in Switzerland
Bell Dredging, a Dutch company specializing in engineering and manufacturing dredge equipment, expanded its rental fleet recently with an amphibious excavator that can work in shallow water and marshland. The rental amphibious excavator (20 ton class) is equipped with the Bell 150 pump as attachment
Siemens Gamesa Commissions Half of European OW Turbines in H1 2019
Siemens Gamesa supplied nearly half of the connected offshore wind turbines in Europe in the first six months of 2019, according to WindEurope. WindEurope reported that 133 Siemens Gamesa turbines were connected to the grid in the first half of the year, producing 931MW of energy and taking 48% of t
Siemens Gamesa Commissions Half of European OW Turbines in H1 2019
Siemens Gamesa supplied nearly half of the connected offshore wind turbines in Europe in the first six months of 2019, according to WindEurope. WindEurope reported that 133 Siemens Gamesa turbines were connected to the grid in the first half of the year, producing 931MW of energy and taking 48% of t
Labour Party Backs £3.5bn Mersey Tidal Power Project
Jeremy Corbyn MP, leader of the Labour Party recently visited Liverpool to announce major plans for a £3.5 billion investment in the Mersey Tidal Power Project as part of Labour’s Green Industrial Revolution to address the climate emergency and boost investment in the North of England. On a visit wi
Valaris posts $406 million profit in first quarter after merger
Offshore drilling contractor Valaris, formerly known as EnscoRowan, booked a large profit in the second quarter of the year.
BHGE Narrows Quarterly Loss as Revenue Improves
Baker Hughes, a GE company, (BHGE) has reported loss of $9 million or 2 cents per diluted share on GAAP basis for the quarter ended June 30, 2019. Adjusted diluted earnings per share were 20 cents per share. The result compares with $19 million loss in Q2 2018, up 52%, but down sequentially from $32
MAIB: Grounded Russian Vessel off Falmouth Had No Insurance
Concerns over Kuzma Minin’s lack of P&I insurance cover “caused unexpected pressures” in salvage ops.
Finnlines Ready to Order Superstar RoPax Pair
Reporting a profitable Q2, Finnlines reiterates its decision to order more environmentally-friendly vessels.
Offshore helicopter specialist in M&A push
Offshore oil and gas helicopter transportation specialist CHC is looking at potential merger or acquisition.