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Business & Finance

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Grounded Dredge Removed from the Matagorda Ship Channel
Business & Finance

Grounded Dredge Removed from the Matagorda Ship Channel

The U.S. Coast Guard has just announced that the Matagorda Ship Channel is now open for vessel traffic following the successful removal of cutter suction dredge Everett Fisher. According to the Coast Guard report, USCG lifted the safety zone and reopened the Matagorda Ship Channel to vessel traffic

about 6 years ago
Guayaquil Dredging Pays Off
Business & Finance

Guayaquil Dredging Pays Off

Terminal Portuario Guayaquil (TPG) achieved a record in Ecuadorian and regional port history on January 17 by welcoming the largest vessel to ever dock at a Latin American port and inaugurating the recently completed works to deepen the sea and estuary access channels that connect the sea buoy with

about 6 years ago
Schumer, Gillibrand Support Great Lakes Coastal Resiliency Study
Business & Finance

Schumer, Gillibrand Support Great Lakes Coastal Resiliency Study

Following vicious flooding of Lake Ontario during two of the last three years, with private and public property and infrastructure being destroyed, NY Senators Charles E. Schumer and Kirsten Gillibrand yesterday urged USACE to include the Great Lakes Coastal Resiliency Study (GLCRS) in its Fiscal Ye

about 6 years ago
XOCEAN Supports Greater Gabbard Survey
Business & Finance

XOCEAN Supports Greater Gabbard Survey

Ocean data company XOCEAN has provided its XO-450 unmanned surface vessel (USV) for seabed surveys on seven of the turbines at the 140-turbine Greater Gabbard offshore wind farm, located 23 kilometres off the UK coast. Throughout the survey, the data collected was monitored from shore in real-time b

about 6 years ago
HMM
Business & Finance

HMM Sets Sights on 25 Pct Higher Revenue in 2020

HMM roughly anticipates a 25% improvement in its revenue for 2020.

about 6 years ago
Kleven
Business & Finance

Croatian DIV Group to Buy Norway’s Kleven Verft

Croatian DIV Group is to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels.

about 6 years ago
University Lakes Project: Finalists Invited to Present Their Proposals
Business & Finance

University Lakes Project: Finalists Invited to Present Their Proposals

The Louisiana State University (LSU) Real Estate and Facilities Foundation, an affiliate of the LSU Foundation, announced recently that they have invited two project adviser finalists to deliver in-person presentations to the University Lakes Project evaluation team. The finalists are a joint ventur

about 6 years ago
McDermott Strikes Restructuring Deal; to File for Chapter 11 Bankruptcy
Business & Finance

McDermott Strikes Restructuring Deal; to File for Chapter 11 Bankruptcy

McDermott said it has secured the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating over $4.6 billion of debt. The restructuring transaction will be implemented through a prepackaged C

about 6 years ago
McDermott files for Chapter 11 bankruptcy to eliminate $4.6 billion of debt
Business & Finance

McDermott files for Chapter 11 bankruptcy to eliminate $4.6 billion of debt

McDermott’s restructuring transaction will be implemented through a prepackaged Chapter 11 process that will be financed by a debtor-in-possession financing facility of $2.81 billion.

about 6 years ago
Torvald Klaveness
Business & Finance

Marubeni, Klaveness Create Giant Panamax Pool Operator

Japan’s Marubeni Corporation and Norwegian dry bulk operator Klaveness are merging Panamax Pool activities.

about 6 years ago
Fugro and DIMAR Wrap Up Caribbean Sea Seep Hunting Study
Business & Finance

Fugro and DIMAR Wrap Up Caribbean Sea Seep Hunting Study

Fugro and the Colombian Maritime Authority (Dirección General Maritima, DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea. The study involved shallow water seabed sediment coring, geochemical analyses, and seabed heat

about 6 years ago
Halliburton swings to $1.7 billion loss in 4Q
Business & Finance

Halliburton swings to $1.7 billion loss in 4Q

Halliburton sank to a $1.7 billion loss in the last quarter of 2019 as its revenues dropped compared to the same period of 2018.

about 6 years ago
Nokia, Angola Cables Trial First USA – Africa Direct Optical Link
Business & Finance

Nokia, Angola Cables Trial First USA – Africa Direct Optical Link

Nokia has announced that Angola Cables is trialing Nokia’s Photonic Service Engine 3 (PSE-3) chipset for the first direct optical connection between the USA and Africa. The route provides direct, low-latency trans-Atlantic routing and simplifies the turn-up of services to better serve data consumpti

about 6 years ago
All Set for King’s Lynn Dredging
Business & Finance

All Set for King’s Lynn Dredging

A maintenance dredging program, aimed for the safety of shipping within the enclosed Docks King’s Lynn in Norfolk, is set to begin this week, King’s Lynn Conservancy Board reports. The dredging operations, to be conducted with UKD dredging vessel ‘Cherry Sand’, are scheduled to be wrapped up no late

about 6 years ago
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