South Korea’s KB Kookmin Bank will lend 240 million Canadian dollars ($171 million) for the construction of a pipeline that will supply gas to the Shell-led LNG Canada project. KB Kookmin Bank said in a statement that it is the only South Korean lender taking part in the Coastal GasLink project fund
Serica Energy and drilling contractor Awilco have signed a contract for the provision of WilPhoenix rig for one-well workover on the Rhum field located off the UK.
Great Lakes Dock and Materials has been making good progress in Muskegon, Michigan this spring – repairing the Muskegon South Breakwater Connector. According to the Corps, Detroit District, demolition of the grouted caps between the concrete monoliths is 3/4 complete and the first concrete placement
The European Investment Bank (EIB) has approved a €500 million loan to finance the development of the Hollandse Kust (noord) offshore wind project. The loan application was submitted by the Kingdom of the Netherlands. Located 18.5 kilometres off the west coast of the Netherlands, the Hollandse Kust
Contracted crews working for the U.S. Army Corps of Engineers, Baltimore District, began maintenance dredging of the York Spit Channel in the Chesapeake Bay Saturday, May 9th to maintain safe passage for container ships calling at the Port of Baltimore. The channel is being dredged to a depth of 51
The Vancouver Fraser Port Authority has released the latest update on their Centerm Expansion Project. Infilling is continuing this month at the northeast dyke and west end dykes 24 hours, six days a week (Monday to Saturday, with Sunday being the off-day), reported the port. “Once the western dykes
The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. “From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak tim
Construction works on the Fairhaven to Church Scar Coastal Protection Scheme are now complete, according to the Fylde Council. VBA – a joint venture between VolkerStevin, Boskalis Westminster and SNC-Lavalin’s Atkins business – worked together with Fylde Council on this £22m coastal protection schem
Good progress continues to be made under the Arundel tidal defense scheme (ATDS) with the improvements to the wall at River Road, informs the Environment Agency. According to the update, further deliveries of steel sheet piles were made to site week beginning Monday 4 May. This means that all the st
Norwegian-based ballast water treatment (BWT) specialist Optimarin has launched a leasing option within the BWT segment as a response to the growing need for more flexibility in financing solutions. The company said that the leasing option is the first of its kind in the segment and comes amid chall
Meridian Port Services Limited (MPS) successfully completed the entire Phase 1 works of the Tema Port Expansion Project in Ghana (also known as Terminal 3 of Tema Port) on April 30, 2020. “As per the terms of the Concession, MPS Terminal 3 was expected to Go-Live on 28th June 2019 on 2 berths and th
Norwegian vessel owner Solstad Offshore has finalized negotiations regarding its financial restructuring and the agreed conditions for two Ocean Yield’s anchor handlers.
US-based shipowner Eagle Bulk Shipping has completed its scrubber installation program in early April, fitting exhaust cleaning systems on 41 ships, the equivalent of 82 percent of the company’s fleet. As such, the company expects its off-hire days to be historically low as ships continue trading wi
Malaysian shipping company MISC reported a net loss in the first quarter of this year but the company’s liquefied natural gas business logged a 11.3 per cent rise in revenue. MISC’s 1 .16 billion ringgit ($270 million) loss in the quarter is mainly related to a 1.05 billion ringgit provision on liti
