Business & Finance
Saipem bags new offshore drilling deals worth over $160 million
Italian oilfield contractor Saipem has been awarded new offshore drilling contracts in Romania and Abu Dhabi worth over $160 million.
Diana Shipping Extends Kamsarmax Charter with Cargill
Under the deal, the bulker Myrto would continue working for Cargill for a period of about nine to eleven months.
Drewry: Fairly Modest Growth Expected in Asia-Med Trade
The westbound Asia-Med saw a good start to 2019, but recent pricing levels suggest that things are levelling off.
Aberdeen South Harbor Quaysides Taking Shape
Aberdeen Harbor has just announced that progress is continuing apace at South Harbor, with 120,000 tonnes of infill material behind the caissons on Dunnottar Quay creating the first operational quay. The fill material used behind the caissons has been quarried from Norway, and will provide these qua
Nexans 420 kV XLPE Cables Set for New Water Depths
Nexans said it has completed the final type-test to qualify its 420 kV XLPE subsea cable for installation at a world record depth of 550 meters. The cable type-testing, carried out by Nexans Norway, is a vital preparation for a project to create a subsea power interconnector crossing Fensfjorden, a
Intercargo Raises Concerns Ahead of Sulphur Cap
The magnitude of the sulphur cap challenge and the need for a smooth transition raising concerns.
Sweden Unveils Its Largest Hybrid Car Ferry
Sweden’s largest hybrid-electric car ferry, Tellus, is ready to commence passenger operations.
Perenco awards North Sea gig to Maersk Drilling rig
Maersk Drilling has been awarded a contract by Perenco for its Maersk Resolute jack-up drilling rig.
MDL Beefs Up HLS Rental Portfolio
Maritime Developments (MDL) has added a horizontal lay system (HLS) to its rental fleet following a double-project award from a new client. The HLS is designed to work in conjunction with the complete range of MDL 2-track or 4-track tensioners for installation or retrieval of SURF products. In its c
Five 2020 Bulkers’ Newbuildings to Be Delivered Earlier
The delivery of five of the company’s new vessels had been advanced by a total of eight months.
David Lamont Takes ROVOP Helm
ROVOP, the subsea robotics company, has said that David Lamont is assuming the position of CEO with immediate effect. Lamont, who currently serves as the chairman at ROVOP, was most recently CEO at Proserv. Lamont said: “I have enjoyed working with the ROVOP team over the past months as Chairman and
Novatek Closes LNG 2 Transaction with Chinese, Japanese Firms
PAO Novatek closed the sale of minority stakes in Arctic LNG 2 Project to Chinese and Japanese companies.
Interview with MTCC CEO: Becoming Regional Player in Dredging and Land Reclamation
The Maldives is an independent island nation in the north-central Indian Ocean, which consists of about 1,200 small coral islands and sandbanks (some 200 of which are inhabited). One third of the approximately 450,000 inhabitants live in the capital, Male’ city. While Male’ is relatively developed,
Red Ink for PGS
Petroleum Geo-Services (PGS), reported loss for the second quarter ended June 30, 2019 of $49 million versus profit of $10 million in the prior-year quarter. Basic loss per share was 14 cents, down from 3 cents per share profit same time last year. Norway-based PGS generated $192 million in quarterl