Business & Finance
Amsterdam Pilots Sailing Drone for Depth Inspection of Ships
The pilot has an aim to gain experience in new technologies in nautical processes.
Elliott Acquires 5 Pct Stake in Saga
Elliott has acquired a 5 percent stake in Saga, a parent company of Saga Cruises.
Bombora Welcomes Visit of Welsh European Funding Office Representative
The directors of Bombora Wave Power have recently welcomed Sue Price, head of Programme Management Division, Welsh European Funding Office (WEFO) to the company’s Pembroke Dock offices to review the progress on the 1.5MW mWave trial. Bombora is mid-way through the project to design, build, deploy, t
Forum on Llandudno Coastal Flood Defenses Next Week
Llandudno Coastal Forum, working with Conwy County Borough Council and its consultants, will host a public drop-in session at the Victoria Center in Llandudno to introduce the shortlisted options for managing Llandudno’s beaches. The event will take place on Friday 26th and Saturday 27th July betwee
Aker Solutions books loss in second quarter
Norwegian oilfield services provider Aker Solutions recorded a loss in the second quarter of the year despite increase in revenues driven by higher activity.
Aker Solutions Down on Impairments Despite Revenue Boost
Aker Solutions has seen red in the second-quarter 2019, as impairments affected the company’s bottom line, compared to same time last year. The Norwegian services player booked Q2 2019 loss of NOK 11 million, against profit of NOK 117 million in the prior-year comparable period. However, Earnings be
TechnipFMC Adds President New Ventures
TechnipFMC has welcomed Catherine MacGregor to its executive leadership team as president New Ventures. MacGregor previously spent 23 years with Schlumberger in a succession of leadership positions involving global operational activities. These included president Drilling Group, president Characteri
EnerMech promotes COO to chief executive role
Integrated engineering service provider EnerMech has appointed a new chief executive officer (CEO).
AIDA Cruises Adds Bremerhaven to Its Port Calls
AIDAcara made a maiden call in Bremerhaven, thereby marking the addition of the port to the company’s program.
Keel Laid for Hapag-Lloyd Cruises’ 3rd New Expedition Ship
On July 16, Romanian Vard Tulcea held a keel laying ceremony for Hanseatic Spirit.
Rosmorport to Dredge 10 Million cbm in 2019
The scope of maintenance dredging performed by FSUE Rosmorport in 2019 will total approximately 10 million cbm, Andrey Lavrishchev, General Director of FSUE Rosmorport, told journalist during an interview. This figure includes maintenance dredging to be held in the ports of Astrakhan, Taganrog, Arkh
Gudrun field partners to invest in further development
Partners in the Gudrun field offshore Norway have decided to invest in a water injection plant on the field to improve reservoir recovery. This will extend the field life by three years compared to the original plan.
Van Oord Orders New Trailing Suction Hopper Dredger
Van Oord, an international contractor specializing in dredging, marine engineering and offshore projects, will use the option of ordering a third trailing suction hopper dredger (TSHD) at Keppel FELS Limited. The vessel is similar to the two vessels that Van Oord ordered in May 2018. Each one has a
Eco Wave Power Completes IPO on Nasdaq First North Stockholm
Eco Wave Power has completed the period for subscription of new shares in connection with the planned listing of the company’s shares on Nasdaq First North Stockholm. Eco Wave Power raised SEK 121.8 million from investors, and the offering was subscribed to approximately 81 per cent. The proceeds wi