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PHOTOS: Dredge Goetz Getting Ready to Hit Upper Mississippi
Business & Finance

PHOTOS: Dredge Goetz Getting Ready to Hit Upper Mississippi

Dredge Goetz, its crew of more than 50 men and women, support equipment and craft is continuing to march forward, getting everything ready to hit the Upper Mississippi in the next week and get to work keeping the river open for commerce. Like most other activities, normal routines from past dredge s

about 6 years ago
Highlights of the Week
Business & Finance

Highlights of the Week

Dredging Today brings you an overview of the most popular stories from the past week (April 20-26, 2020). Julong CSD Kicks Off Dredging Work in Su Ya Lake, China Julong’s two unit 20-inch dredger CSD500, equipped with France Baudouin brand diesel engine with total power of 2000hp, is starting the

about 6 years ago
Eni posts $3 billion loss, lowers production target due to capex cuts
Business & Finance

Eni posts $3 billion loss, lowers production target due to capex cuts

Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.

about 6 years ago
UK presents support package to protect its ferry routes
Business & Finance

UK presents support package to protect its ferry routes

The United Kingdom government has introduced a multimillion-pound coronavirus support package to keep the flow of goods and services running smoothly in and out of the UK, and around the country, throughout the pandemic.

about 6 years ago
Litchfield Beachfill Plan Introduced
Business & Finance

Litchfield Beachfill Plan Introduced

Property owners on the southern tip of Litchfield Beach, South Carolina, are seeking state and federal permits to pump up to 700,000 cubic yards of offshore sand along nearly a mile of beachfront, Coastal Observer informs. The project, proposed by the Peninsula Property Owners Association, includes

about 6 years ago
containers
Business & Finance

Abu Dhabi Ports defers rent for its customers as part of COVID-19 relief measures

Abu Dhabi Ports is offering a three-month rent deferment for the second quarter of the year for its customers as part of the relief measures aimed at curbing the impact of the coronavirus pandemic on their operations. The package also includes a freeze on late payment penalties and an exemption from

about 6 years ago
Hilwah VLCC
Business & Finance

Bahri’s Q1 2020 earnings soar amid higher rates

The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges. The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 mil

about 6 years ago
Seabed Geosolutions puts Eidesvik’s vessel on standby
Business & Finance

Seabed Geosolutions puts Eidesvik’s vessel on standby

Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.

about 6 years ago
Bleo Holm FPSO
Business & Finance

i3 Energy in talks with noteholders to waive condition for Liberator funding

i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.

about 6 years ago
Milaha
Business & Finance

Tankers, gas carriers boost Milaha’s bottom line

Milah closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business.

about 6 years ago
Dragflow Pumps on Moungo River in Cameroon
Business & Finance

Dragflow Pumps on Moungo River in Cameroon

One of the biggest sand quarries on the Moungo River in Cameroon is now relying on Dragflow pumps for their sand extraction. The Moungo river in Cameroon has always been known for having the best quality sand for construction purposes around Douala. According to Dragflow, one of the main issues in t

about 6 years ago
The Entrance Dredging Continues
Business & Finance

The Entrance Dredging Continues

Central Coast Council is working on the next phases of the 2020 Entrance dredging program, following initial works completed earlier in April under the advice and guidance of expert coastal engineers engaged by council. About 5,000 cubic metres of sand have been removed from the eastern reaches of t

about 6 years ago
Maersk Resolve drilling rig
Business & Finance

Maersk Drilling to reduce offshore crew as North Sea rigs go into stack mode

Maersk Drilling has decided to stack a number of its North Sea drilling rigs to adapt to the changing market environment.

about 6 years ago
‘Founding father’ of Soviet oil industry and Lukoil chairman passes away
Business & Finance

‘Founding father’ of Soviet oil industry and Lukoil chairman passes away

Long-time chairman of Russian oil and gas company Lukoil and “founding father” of the Soviet oil industry has passed away following a long illness.

about 6 years ago
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