Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested positive for the coronavirus.
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) said it has received a cancellation on a small contract in the North Sea. The contract was scheduled to be executed in second quarter 2020. AGS had not previously announced this contract, however the company said it was communicat
As the sun on the dredging season in the Midwest inland areas began to set, operations were starting to heat up on the east coast for J.F. Brennan Company (Brennan). For a third straight year, Brennan has had the opportunity to procure work in the milder maritime climate throughout New England durin
Seatronics has teamed up with subsea engineering firm OceanTools to promote the newly-launched D7 DyeTector subsea dye & leak detection system. The ROV-mounted OceanTools D7 DyeTector has a 6000m/20,000’ depth rating that uses high intensity LEDs to cause a dye to fluoresce. The emitted light from t
Each year the Western Dredging Association presents Environmental Excellence Awards to outstanding projects at its annual WEDA Environmental Summit and Exposition. In 2020 the awards will be announced on June 10, during the WEDA Luncheon at the WEDA Dredging Summit and Exposition being held from Jun
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that shale services will bear most of the reductions.
The obvious solution to a sea defense problem is usually the easiest one to accept, because it’s indeed so obvious. If a sea dyke is not strong enough for the consequences of future climate change, then it should be reinforced to meet the new requirements. However, beside an estuary on the southern
Damen Shipyards Group is ready to deliver another vessel – this time it is the electrically driven cutter suction dredger ECSD650. In its latest announcement, the company said that following extensive tests at the Damen Dredging yard, the zero emission dredger can be handed over to its new owner. Th
Odfjell Terminals US (OTUS), jointly owned by Norwegian terminal operator Odfjell SE and Candian Northleaf Capital Partners, has closed a new five-year, $ 250 million revolving credit facility. The loan is intended for debt refinancing and funding investments in the existing infrastructure and new g
Odfjell Terminals US has closed a USD 250 million revolving credit facility.
Japan’s Inpex Corporation is reviewing its investment plans and looking into other cost-reducing measures due to the current market situation and the impact of the coronavirus and the oil price decline on its business operations.
The N.C. Division of Water Resources has awarded $22 million to 13 coastal towns and counties to help with recovery efforts following Hurricane Florence. “Coastal communities are still in the rebuilding and recovery phase more than a year after Hurricane Florence left its devastating impact,” said M
Hapag-Lloyd has on-hired over 100,000 TEU of additional equipment across the globe to keep the supply chain flowing.
Danish tanker owner and operator Maersk Product Tankers returned to black having reported a profit of $91.4 million for 2019 as freight markets improved across all tanker segments. The profit marks a significant recovery when compared to a loss of $35 million a year earlier. The tanker shipping comp
