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Business & Finance

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Vassallo Constructions Wins Shute Harbor Deal
Business & Finance

Vassallo Constructions Wins Shute Harbor Deal

The $35 million construction tender for the rebuild of Shute Harbor terminal and seawall in the Whitsunday Region of Queensland was awarded to Vassallo Constructions Pty Ltd today, with works expected to begin in January 2020, the Whitsunday Regional Council reports. The overall $54.5 million restor

about 6 years ago
Work Begins on the Next Stage of North Portsea Island Scheme
Business & Finance

Work Begins on the Next Stage of North Portsea Island Scheme

The next stage of the North Portsea Island Coastal Defense scheme is now underway, according to the Eastern Solent Coastal Partnership (ESCP). As reported, work on the first stage, Kendall’s Wharf, began on 25th November 2019 and will continue until Spring 2020. This will include the construction of

about 6 years ago
G E Shipping Offloads Suezmax Tanker
Business & Finance

G E Shipping Offloads Suezmax Tanker

Great Eastern Shipping has decided to sell one of its Suezmax crude carriers.

about 6 years ago
Cairn to exit Norway following Norwegian unit disposal
Business & Finance

Cairn to exit Norway following Norwegian unit disposal

Cairn Energy has entered into an agreement to dispose of the entire share capital of Capricorn Norge, the company’s wholly owned subsidiary in Norway.

about 6 years ago
VesselsValue Teams Up with Idwal Marine on Automated Vessel Valuations
Business & Finance

VesselsValue Teams Up with Idwal Marine on Automated Vessel Valuations

VesselsValue has launched the next generation of automated vessel valuations with Idwal Marine.

about 6 years ago
Ship Island Phase 2 Work Completed Under Budget
Business & Finance

Ship Island Phase 2 Work Completed Under Budget

The U.S. Army Corps of Engineers’ Mobile District has successfully wrapped up the Ship Island Restoration Project – Phase 2. Completed on November 21, 2019, the approximately $130 million Ship Island Phase 2 is part of an ongoing five-phase effort to not only restore and protect the valuable habitat

about 6 years ago
Unique Group to provide saturation dive system to COOEC vessel
Business & Finance

Unique Group to provide saturation dive system to COOEC vessel

Provider of integrated subsea and offshore solutions Unique Group has been awarded a multi-million-dollar contract by China Offshore Oil Engineering Co. (COOEC).

about 6 years ago
China: World’s Largest Shipbuilder Established
Business & Finance

China: World’s Largest Shipbuilder Established

China has officially unveiled China Shipbuilding Corporation, “the world’s largest shipbuilding group”.

about 6 years ago
Samsung Heavy Industries to Pay USD 75 Mn in Penalties Over Bribery Case
Business & Finance

Samsung Heavy Industries to Pay USD 75 Mn in Penalties Over Bribery Case

Samsung Heavy Industries made “corrupt bribe payments” to win drillship contract.

about 6 years ago
Trelleborg Cable Guards for Ørsted’s Taiwan OWF Project
Business & Finance

Trelleborg Cable Guards for Ørsted’s Taiwan OWF Project

Trelleborg has won a contract from Ørsted to provide NjordGuard cable protection system, for the Greater Changhua 1 & 2a offshore wind farms in Taiwan. The company will provide 235 NjordGuard cable protection systems and bellmouths, which will protect all inter-array and export cables on the project

about 6 years ago
Grand River Dredging on Hold
Business & Finance

Grand River Dredging on Hold

A plan to dredge a section of the Grand River, aimed to restore navigability of the Grand River from downtown Grand Rapids to Grand Haven in Michigan, has been postponed officially. This Grand River Waterway Project’s release comes after months of inaction by the Michigan Department of Natural Resou

about 6 years ago
Masirah awards contract for FSO unit to store crude oil from Oman field
Business & Finance

Masirah awards contract for FSO unit to store crude oil from Oman field

Masirah Oil has awarded a contract to Wings Offshore for a floating storage and offloading vessel, which will be used on a field located offshore in Oman.

about 6 years ago
Eagle Bulk Takes Delivery of One More Ultramax
Business & Finance

Eagle Bulk Takes Delivery of One More Ultramax

Eagle Bulk Shipping takes delivery of the fifth of six Ultramax drybulk vessels it has recently agreed to acquire.

about 6 years ago
450GW Offshore Wind by 2050 in Europe Achievable – Report
Business & Finance

450GW Offshore Wind by 2050 in Europe Achievable – Report

The EU Commission’s goals for offshore wind of between 230 and 450 GW by 2050 are achievable provided the right investments in electricity grids and governments take the right approach to maritime spatial planning, according to a new WindEurope report. According to the report, ‘Our energy, our futur

about 6 years ago
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