Diana Shipping revealed that a time charter contract for one of its Post-Panamax bulkers has been canceled.
Offshore accommodation specialist Prosafe will not give up on its proposed merger with rival Floatel following recent rejection by the Norwegian competition authority.
Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended September 30, 2019. According to GLDD Chief Executive Officer, Lasse Petterson, bidding activity increased significantly, with over $1.0 billion in projects bid in the third quarter. Operationally, th
The 15,000 dwt chemical/product/biofuels tankers will be capable to operate with liquefied biogas (LBG).
Huisman has been selcted by Boskalis to deliver a 4,000mt offshore mast crane (OMC) to be installed on their crane vessel Bokalift 2. This deal follows successful delivery of the 3,000mt offshore mast crane for the Bokalift 1 in 2017. With a lifting capacity of 4,000mt at 100 meters above deck, this
McDermott International has appointed Chris Krummel as executive vice president, chief financial officer, effective immediately. Krummel joined McDermott in 2016 and previously served as the company’s global vice president, finance and chief accounting officer. He replaces Stuart Spence, who has res
Construction work on the Port of Gdańsk new harbor wharf is moving on nicely, according to the SSAB whose steel piles are being used for the project. Work on the new wharf started in December 2018 with soil improvement and the installation of CFA bored piles by subcontractor Keller Polska, Sp. z o.o
UK Export Finance (UKEF) has provided an NT$ 9.2 billion (GBP 230 million) project finance guarantee to support the construction of the Formosa 2 offshore wind farm in Taiwan. As a result of the support, UK companies will be involved in the construction of the 376MW wind farm, helping unlock the exp
Seismic services provider Polarcus returned to profit in the third quarter of 2019 on the back of improved pricing and operational performance. Polarcus said on Tuesday it had recorded revenues of $103.4 million, an increase of 19% compared to 3Q 2018 and revenues of $87 million, driven by the incre
Oligochaete worms can substantially speed up the reuse of both dredged sediment and contaminated mine tailings, Deltares said in their latest release. Researchers from Deltares, with the support from the University of Alberta, Queen Mary University of London and NAIT (polytechnic and applied researc
Shell has signed an agreement to acquire French floating offshore wind developer EOLFI. The acquisition, subject to regulatory and ministerial approvals, is expected to be completed in December, after which EOLFI will be a wholly-owned subsidiary of Shell and will be fully integrated. Shell said it
Atlantis has completed the acquisition of the Green Highland Renewables project development, asset management, operation and maintenance business (GHR) from SIMEC Energy. GHR is headquartered in Perth, Scotland and has an operations base in Dingwall, Scotland with 23 members of staff. GHR has consen
Siemens Gamesa has closed the fiscal year 2019 with a record order book of EUR 25.5 billion, a 12% increase year-on-year, as its order intake grew by 7.4% to EUR 12.7 billion. The Offshore unit registered double-digit growth of more than 10.9% due to new markets, mainly Taiwan, which contributed 1.5
Siemens Gamesa has closed the fiscal year 2019 with a record order book of EUR 25.5 billion, a 12% increase year-on-year, as its order intake grew by 7.4% to EUR 12.7 billion. The Offshore unit registered double-digit growth of more than 10.9% due to new markets, mainly Taiwan, which contributed 1.5
