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Aberavon Coastal Scheme Progresses
Business & Finance

Aberavon Coastal Scheme Progresses

Neath Port Talbot Council and their contractor Knights Brown are making good progress on the vital scheme to repair and strengthen the iconic Aberavon Seafront Promenade. The work is part funded by the Welsh Government through its Coastal Risk Management Program – first announced by the Welsh Govern

about 6 years ago
Image showing locations of the three offshore wind farms CPP now has stake in
Business & Finance

CPP earmarks around € 350 million for French offshore wind farms

Canada Pension Plan Investment Board (CPP Investments) will pay approximately € 80 million for its recently bought stake in Éolien Maritime France (EMF) from Enbridge. The Canadian company, through its fully owned subsidiary CPP Investment Board Europe, has acquired 49 per cent of Enbridge’s 50 per

about 6 years ago
Damen: Screening Installation for Marine Aggregate Dredger
Business & Finance

Damen: Screening Installation for Marine Aggregate Dredger

Damen Dredging Equipment crew is currently very busy working on the screening installation for the new Marine Aggregate Dredger (MAD) 3500 for Hanson Aggregates Marine. A keel laying ceremony for this dredger, currently under construction at their shipyard in Romania, took place in October 2019. The

about 6 years ago
ECA
Business & Finance

ECA bags €20M subsea defence deal

ECA Group said it has secured a ‘significant’ export contract to modernize robots dedicated to naval mine warfare. This contract, worth around € 20 million will last over 48 months and will allow to modernize the mine clearance capacities of an undisclosed Navy. The evolution of the mine threat in m

about 6 years ago
HHLA
Business & Finance

HHLA feels negative impact of COVID-19

German terminal operator Hamburger Hafen und Logistik AG (HHLA) reported decreases in both revenue and earnings in the first three months of this year due to the challenging market environment. The company also recorded a moderate decrease in its container throughput and a significant decline in con

about 6 years ago
One of Vantage drilling rigs; Source: Vantage
Business & Finance

Vantage Drilling cuts losses

Offshore drilling company Vantage Drilling International saw its net loss shrink in the first quarter of 2019.

about 6 years ago
Managing Risks: How to Select the Appropriate Dredging Contract
Business & Finance

Managing Risks: How to Select the Appropriate Dredging Contract

The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Managing risks: how to select the appropriate dredging contract’. The contracting environment for dredging and offshore works is diverse. Moreover, in

about 6 years ago
French floating wind project secures EIB financing
Business & Finance

French floating wind project secures EIB financing

The European Investment Bank (EIB) has approved an undisclosed sum to finance the development of the 30 MW Golfe du Lion floating wind project offshore France. The demonstration floating wind farm will feature three V164 MHI Vestas 10 MW wind turbines supported by Principle Power’s WindFloat semi-su

about 6 years ago
Oregon Inlet Dredging Available for Public Review
Business & Finance

Oregon Inlet Dredging Available for Public Review

Cape Hatteras National Seashore (Seashore) has announced the availability of a draft Finding of No Significant Impact (FONSI) for the dredging of Oregon Inlet with a Dare County dredge. Dare County is seeking a Special Use Permit from the Seashore to utilize a privately-owned hopper dredge in the sa

about 6 years ago
Caminada Headland Marsh Creation Project Moving into Next Phase
Business & Finance

Caminada Headland Marsh Creation Project Moving into Next Phase

The Caminada Headland Back Barrier Marsh Creation – Increment 2 (BA-193) project is moving into the next phase, officials announced on the CWPPRA website. The project entails dredging suitable marsh fill material from designated offshore borrow areas to create an eight mile long stretch of marsh. Du

about 6 years ago
P-75 FPSO operating on the Buzios field
Business & Finance

Petrobras hits two new oil discoveries offshore Brazil

Petrobras has made two new oil discoveries in Brazil’s offshore waters.

about 6 years ago
Panama Canal
Business & Finance

Panama Canal ensures steady draft and transit reliability

Panama Canal has secured a steady draft for the upcoming period ensuring an operational level of water and transit reliability in the second half of 2020, the canal authority said in the latest update. The announcement is being made as the canal resorted to water-saving measures earlier this year af

about 6 years ago
Illustration; Source: Petrofac
Business & Finance

Petrofac scoops more work with BP

Oilfield services provider Petrofac has won a three-year extension to its existing maintenance contract with oil major BP.

about 6 years ago
Preparations Underway for the Lavna Terminal Main Works
Business & Finance

Preparations Underway for the Lavna Terminal Main Works

Oversite excavation is underway at the construction site of Lavna coal terminal (western coast of the Kola Bay) as part of preparations for the main phase of construction works, Federal Marine and River Transport Agency (Rosmorrechflot) posted on its official Instagram profile. The news, also report

about 6 years ago
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