In light of the current market volatility, Premier Oil is looking into its ability to reduce the capex program for 2020 with the possibility to save at least $100 million.
Overseas Shipholding Group (OSG) completes the acquisition of Alaska Tanker Company (ATC).
At the end of 2019, Royal IHC was awarded a contract for the design and delivery of two mining screen towers by the family-owned company Spaansen. The towers will be installed on the hopper dredger YED PRIOR. Spaansen is currently converting the GERD container vessel into a gravel hopper dredger wit
A total of 2,042 people have disembarked the coronavirus-stricken cruise ship Grand Princess.
In response to the current global macroeconomic and commodity outlook, Noble Energy has announced its decision to reduce its 2020 expenditure guidance by $550 million.
The United States Environmental Protection Agency (EPA) has begun removal of PCB contaminated sediment at the Donna Canal and Reservoir Superfund (DCRS) site in Donna, Hidalgo Co., Texas. According to EPA, this Remedial Action will include bank restoration, sediment excavation and disposal. Under th
Jotun and Kongsberg Maritime have joined forces to develop a proactive hull cleaning solution called Jotun HullSkater. Jotun HullSkater, a green cleaning machine, is part of Jotun Hull Skating Solutions. This is the first solution developed for proactive bio-fouling control on ships and offers the p
The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate
MacGregor, part of Cargotec, has extended coverage and capability to support all their customers’ service needs in the Americas. The announcement comes following the acquisitions of Rapp Marine and TTS in 2018 and 2019 respectively. MacGregor now has over 80 service personnel in place supporting the
Archer has secured a consensual amendment and extension of its debt facilities with all the lenders to the company.
Daily freight rates for Very Large Crude Carriers skyrocketing.
Subsea services player DeepOcean has published guidelines and mitigating actions to safeguard its employees against the spread of COVID-19. The guidelines and mitigating actions enforced by the company are in line with the World Health Organisation’s recommendations and developed in collaboration wi
Princess Cruises will pause global operations of its 18 cruise ships for two months.
PT Pengerukan Indonesia (the dredging subsidiary of IPC) and PT Van Oord Indonesia have a long track record of successfully executing projects together. The two parties have signed a MOU which aims to explore further cooperation and partnering on dredging projects in Indonesia, especially at the por
