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Business & Finance

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NG Endurance Wraps Up Sea Trials
Business & Finance

NG Endurance Wraps Up Sea Trials

Lindblad Expeditions’ first polar newbuild, designed by Ulstein Design & Solutions, National Geographic (NG) Endurance has completed sea trials carried out over the weekend. The polar vessel is soon to return to the shipyard, Ulstein Verft, for the final construction phase before setting off to expl

about 6 years ago
NG Endurance
Business & Finance

National Geographic Endurance Aces Sea Trials

The National Geographic Endurance, a new polar expedition ship, has completed sea trials in Storfjorden, Norway.

about 6 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Semco, ISC and WSP Partner Up for US Offshore Wind

Semco Maritime, ISC Consulting Engineers and WSP USA have established a partnership to collaborate in the offshore wind market in the U.S. According to the parties, the partnership will combine Semco Maritime’s and ISC’s offshore wind farm and substation engineering and construction experience with

about 6 years ago
PGS to Optimize Fleet with Cognite
Business & Finance

PGS to Optimize Fleet with Cognite

Seismic contractor Petroleum Geo-Services (PGS) has entered into an agreement with Cognite to reduce vessel operating costs and improve efficiency. In cooperation with Cognite, PGS has launched two digitalization workstreams aiming at improving fleet performance; refining approaches to optimize fuel

about 6 years ago
Golden Opal
Business & Finance

GOGL Refinances USD 284 Mn Loan, Delays Scrubber Installations amid Coronavirus

GOGL refinances USD 284 million loan facility covering 15 vessels.

about 6 years ago
Transocean books loss, but sees improving longer-term market fundamentals
Business & Finance

Transocean books loss, but sees improving longer-term market fundamentals

Transocean has booked a loss for the last quarter of 2019 as its revenues increased. The company has reduced the loss sequentially and year-over-year helped by gain on termination of construction contract, tax items, and disposal of assets

about 6 years ago
Levin Announces Federal Funding to Help Secure Coastal Bluffs
Business & Finance

Levin Announces Federal Funding to Help Secure Coastal Bluffs

California Representative Mike Levin announced last week that the U.S. Army Corps of Engineers will allocate $400,000 in federal funding for the Planning, Engineering & Design (PED) phase of the Encinitas-Solana Beach Coastal Storm Damage Reduction Project. The Army Corps also allocated $505,000 for

about 6 years ago
WATCH: Royal IHC Kits Out Seven Vega
Business & Finance

WATCH: Royal IHC Kits Out Seven Vega

The video posted by Royal IHC shows the company hard at work on the Subsea 7 reel lay vessel Seven Vega, marking a milestone that involved the installation of aligner wheel on top of the pipelay ramp. Royal IHC secured a shipbuilding contract in October 2017, following a letter of intent announced i

about 6 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

MHI Vestas Soon to Reveal Taiwanese Offshore Wind Localization Plan

MHI Vestas is planning to soon reveal its localization plan for the offshore wind sector in Taiwan. MHI Vestas announced the plans after formally signing the preferred supplier agreement for the 300MW Zhong Neng offshore wind project. According to the company, the local industrial partnerships will

about 6 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

MHI Vestas Soon to Reveal Taiwanese Offshore Wind Localization Plan

MHI Vestas is planning to soon reveal its localization plan for the offshore wind sector in Taiwan. MHI Vestas announced the plans after formally signing the preferred supplier agreement for the 300MW Zhong Neng offshore wind project. According to the company, the local industrial partnerships will

about 6 years ago
N-Sea Inks Royal Netherlands Navy Deal
Business & Finance

N-Sea Inks Royal Netherlands Navy Deal

Subsea services specialist N-Sea said it has been awarded a contract by the Royal Netherlands Navy. N-Sea will be working with the Navy on mine countermeasure activity, development and training. The work will carried out in preparation for the implementation of the newbuild mine countermeasures vess

about 6 years ago
EIB Backs Port of Ystad Development Project
Business & Finance

EIB Backs Port of Ystad Development Project

The European Investment Bank (EIB) has signed a SEK 445 million (EUR 41.75 m) loan agreement with the Municipality of Ystad to expand harbor facilities, so that new, larger LNG vessels can access the harbor. The port in the southern-Swedish town is a busy connection point to the Polish Port of Swino

about 6 years ago
RMEC Beefs Up Test Bay Facilities and Creates New Jobs
Business & Finance

RMEC Beefs Up Test Bay Facilities and Creates New Jobs

Oilfield services firm RMEC has invested a six-figure sum in its on-site test bay facilities to maximise demand for its maintenance services as well as support the recertification of its equipment rental fleet. It has also employed two new support staff taking its total headcount to 43. The firm has

about 6 years ago
Equinor hires two platform suppliers from Skansi Offshore
Business & Finance

Equinor hires two platform suppliers from Skansi Offshore

Faroe Islands-based offshore vessel operator Skansi Offshore has won two contracts from Norwegian oil major Equinor for two platform supply vessels (PSVs).

about 6 years ago
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