Business & Finance
CMA CGM to Add 20 LNG-Fueled Ships by 2022
On the occasion of World Environment Day, CMA CGM has reiterated its commitment to the environment.
Synaptec, ORE Catapult Partner to Reduce Cable Failure Costs
Synaptec has partnered with the Offshore Renewable Energy (ORE) Catapult in a project to reduce both the high costs of subsea cable failures and the instrumentation systems required to monitor them all. Synaptec’s Refase technology will be installed at ORE Catapult’s 7MW Levenmouth Demonstration Tur
£45 Million York Flood Alleviation Scheme Gets Underway
A major milestone has been reached as construction work gets underway on the Environment Agency’s York Flood Alleviation Scheme, in partnership with City of York Council. Contractors have started preparing to raise and improve flood defenses from Westgate Apartments to the Park Inn hotel on North St
Steam Packet Ferry Company Signs Sea Services Deal with Gov’t
The shipping company would invest in new vessels and provide regular services throughout the year.
Ocean Yield Accepts Delivery of Another VLCC Newbuild
The VLCC commenced a fifteen-year bareboat charter to Greece-based Okeanis Eco Tankers.
Minesto Lands €2.5M EU Grant
Swedish marine energy developer Minesto has been awarded a €2.5 million grant from the European Commission’s SME Instrument programme. The awarded funding will support the installation of Minesto’s technology in the Faroe Islands together with the utility company SEV. “This is great news for Minesto
Cinia and MegaFon Ink Arctic Sea Cable MoU
Cinia and MegaFon have signed a memorandum of understanding (MoU) to set up a joint venture to prepare the build of a submarine telecommunications cable across the Arctic Sea. The widely international project would create a completely new route to connect continents and also to fulfill connectivity
Sovcomflot in two-year charter for Vyacheslav Tikhonov seismic vessel
Polarcus has secured a further charter extension for its Vyacheslav Tikhonov seismic vessel with Russia’s with Sovcomflot after all.
Gazprom Neft, Sovcomflot to Cooperate on LNG Bunkering
Sovcomflot reached an LNG bunkering cooperation deal with Gazpromneft Marine Bunker.
Portchester Seawall Work Kicks Off
Eastern Solent Coastal Partnership – ESCP said in its latest announcement that the repair works along Cador Drive Seawall in Portchester, undertaken by Earlcoate Construction & Plant Hire Ltd, are currently underway. This primary coastal defense scheme, conducted on behalf of Fareham Borough Council
Vyacheslav Tikhonov Stays on SCF Charter
A subsidiary of Polarcus has chartered “Vyacheslav Tikhonov” on commercial terms with the intention that the vessel works as a source vessel on the wide-azimuth program expected to continue into Q4, 2019. The project was announced in June this year and it is expected to start in early August 2019. A
MHWirth buys Bronco Manufacturing in push to strengthen presence in North America
Akastor’s wholly owned subsidiary MHWirth has entered into agreements with Bronco Holdings for the purchase of 100% ownership interest in Bronco Manufacturing.
Replacement named as KCA Deutag CEO decides to retire
Drilling and engineering contractor KCA Deutag has named a new chief executive officer following the decision by its current CEO to retire.
DNV GL: LNG Tank Capacity Could Start a New Era in Ship Fuel
There are now 163 LNG-fuelled ships in operation and a further 155 ships on order.