McDermott said it has been granted access to the second tranche of the $1.7 billion superpriority senior secured credit facility announced on October 21, 2019. The new tranche (Tranche B) provides McDermott with a $250 million term loan facility and a $100 million letter of credit facility. The comp
Glenn Mueller of the Southwestern Yacht Club has submitted an Application for Permit to the U.S. Army Corps of Engineers’ Los Angeles District for the Southwestern Yacht Club Maintenance Dredging Project. The dredging and beach nourishment project is located at the Southwest Yacht Club in the Shelte
CFO of Electromagnetic Geoservices (EMGS) Hege Veiseth has resigned her position with the company to pursue new challenges as CFO of Polaris Media. Veiseth joined EMGS in 2007 and has served as CFO since 2016. Anders Eimstad has been appointed interim CFO of EMGS. He joined EMGS in 2006 and has held
The Sand Bypass System Jetty upgrade project is progressing well, with the first girder installed this week, the Gold Coast Waterways Authority (GCWA) reports. According to GCWA, a major upgrade to the Gold Coast’s Sand Bypass System jetty will ensure sand continues to be pumped northward keeping th
Norwegian offshore vessel provider Siem Offshore has been awarded contract extensions for two of its vessels.
Subsea technology company Rovco has launched ‘SubSLAM Live’ a 3D Streaming technology which allows clients to video and live stream 3D underwater pointclouds to any device in the world. The stereo camera technology system sends images and 3D models of assets from the seabed to a computer browser in
COSCO Shipping Ports selling 33.3 percent of equity in its subsidiary COSCO Shipping Ports (Abu Dhabi) Limited.
U.S. engineering and construction services company McDermott has gained access to $350 million in financing under its super-priority senior secured credit facility, which sent its shares soaring on Monday.
Chief executive officer of Norwegian shipbuilder Havyard has agreed to a mutual termination of his employment contract.
The company said that its sustainability strategy will now be realized under the “Balanced Logistics” brand.
MainOne submarine cable in Cote d’Ivoire is live and ready for service. The project will offer capabilities to deepen infrastructure sharing and lower the cost of delivering broadband services to the region. According to the company, MainOne’s entry into the Cote d’Ivoire market will facilitate worl
German cruise line AIDA Cruises has welcomed AIDAmira, the fourth Selection class vessel, to its fleet.
Work to regenerate the historic Swansea Canal continues this month with a key element – the dredging of almost a mile of the waterway between Coed Gwilym Park in Clydach and Trebanos, the Canal and River Trust reports. “We are carrying out the dredging, scheduled to be completed in mid-January, toge
The Balticconnector pipeline has completed the final phase of commissioning when the offshore pipeline was filled with gas and pressurized as well as connected to Estonia’s gas transmission network. The pipeline should be in commercial use as of January 01, 2020. The pipeline’s construction work and
