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Annual Weipa Dredging Program Starts Soon
Business & Finance

Annual Weipa Dredging Program Starts Soon

North Queensland Bulk Ports Corporation (NQBP) has just announced that the trailing suction hopper dredger (TSHD) Brisbane is about to begin work within the Port of Weipa from early May 2020. “Regular maintenance dredging ensures efficient, navigable shipping depths for our port users,” NQBP CEO Nic

about 6 years ago
Ocean Patriot rig
Business & Finance

NYSE to delist Diamond shares after bankruptcy filing

Following its filing for Chapter 11 bankruptcy protection, Diamond Offshore Drilling has received a delisting notice from the New York Stock Exchange (NYSE).

about 6 years ago
Tangguh LNG plant
Business & Finance

Indonesia’s PLN cancels two Tangguh LNG cargoes

Indonesia’s state power company PT Perusahaan Listrik Negara has reportedly cancelled two shipments of liquefied natural gas from the BP-operated Tangguh plant. The cargoes of around 213 billion British thermal units per day were for May delivery, Reuters reported on Tuesday citing Arief Setiawan Ha

about 6 years ago
Works Kick Off on Maroochy Groyne Field Renewal
Business & Finance

Works Kick Off on Maroochy Groyne Field Renewal

Work is underway on the Maroochy Groyne Field Renewal project to help maintain and protect the Cotton Tree coastline from erosion, after some sections of the existing structures were identified for renewal, reports Sunshine Coast Regional Council. The groyne will be renewed with geotextile container

about 6 years ago
Helge Møgster
Business & Finance

Helge Møgster resigns as DOF chairman

Norwegian supply shipping company DOF said that Helge Møgster will resign as its chairman of the board. Helge Møgster is one of the main owners in the Møgster family’s holding company, Laco. Møgster, who has served as a cahirman of DOF for 18 years, will also resign as chairman in DOF Subsea. The no

about 6 years ago
container shipping
Business & Finance

Sea-Intelligence: We are at the peak impact of the pandemic in terms of blank sailing

Danish consultancy Sea-Intelligence believes that the container shipping market has reached the peak impact of the pandemic in terms of blank sailings. Voiding of sailings has been a dominating technique adopted by liners to adapt to the drop in demand caused by the COVID-19 pandemic, to cut costs a

about 6 years ago
Dredger Albatros Busy in Portland Port, Dorset
Business & Finance

Dredger Albatros Busy in Portland Port, Dorset

Herbosch Kiere – specialized in river, port, coastal and offshore projects – is currently working in Portland Port, Dorset on their first UK dredging project. After a competitive tendering process, they were awarded the main contract for the dredging works at the outer arm of Queen’s Pier and the Ou

about 6 years ago
Borgland Dolphin
Business & Finance

Wellesley hires Dolphin rig for North Sea campaign

Dolphin Drilling will carry out a programme of North Sea drilling work for Wellesley Petroleum.

about 6 years ago
Nestlé UK and Ørsted sign offshore wind PPA
Business & Finance

Nestlé UK and Ørsted sign offshore wind PPA

Nestlé UK has signed a long-term corporate power purchase agreement to buy the output of 31 MW from Ørsted’s Race Bank offshore wind farm. The UK subsidiary of the world’s largest food and beverage company, Nestlé, signed a 15-year indexed fixed price agreement with Ørsted. This is Ørsted’s largest

about 6 years ago
Ernst Russ wants to further grow within the shipping segment
Business & Finance

Ernst Russ wants to further grow within the shipping segment

Germany’s Ernst Russ Group closed the 2019 financial year with positive overall business performance, completing a number of strategically important projects and further expanding as a maritime asset and investment manager.

about 6 years ago
Sukhyi Estuary Dredging Tender Released
Business & Finance

Sukhyi Estuary Dredging Tender Released

The Chornomorsk branch of the Ukrainian Sea Ports Authority (USPA) has released a tender for the Sukhyi estuary dredging works. According to USPA, the Chornomorsk Sea Port Authority will select a contractor for the reconstruction of the operating water area of the 1st boot basin of the Sukhyi estuar

about 6 years ago
tanker
Business & Finance

NAT cashing in on never stronger tanker market

The tanker market has never been so strong, according to Herbjørn Hansson Chairman & CEO of Nordic American Tankers (NAT). The company, which owns and operates Suezmax tankers, is cashing in on the market bonanza and unprecedented demand for floating storage. Namely, big oil companies the likes of E

about 6 years ago
Protecting the Danish North Sea Coast
Business & Finance

Protecting the Danish North Sea Coast

The mainland of Denmark is a low-lying peninsula that juts out 300 km into the North Sea from northern Germany, and the North Sea coast is a landscape of estuaries, inlets, low cliffs, dunes and long sandy beaches. According to Per Sørensen, Head of Coastal Research at the Danish Coastal Authority,

about 6 years ago
Ocean Blackhawk drillship
Business & Finance

Diamond Offshore seeks Chapter 11 protection

Offshore drilling contractor Diamond Offshore has started voluntary Chapter 11 proceedings to restructure and strengthen its balance sheet.

about 6 years ago
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