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Business & Finance

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ShipbuildingGreen MarineOffshore WindDredgingFossil EnergySubseaEquipmentOperations & MaintenanceProject & TendersVessels
Stena Estrid Wraps Up Sea Trials in China’s Yellow Sea
Business & Finance

Stena Estrid Wraps Up Sea Trials in China’s Yellow Sea

The vessel is now on schedule to start operating on the Dublin to Holyhead route in early 2020.

about 6 years ago
Carnival Takes Delivery of Third Vista-Class Unit from Fincantieri
Business & Finance

Carnival Takes Delivery of Third Vista-Class Unit from Fincantieri

Carnival Panorama completed sea trials in June this year.

about 6 years ago
Ferry-Swap Deal between DFDS and Moby Fails
Business & Finance

Ferry-Swap Deal between DFDS and Moby Fails

DFDS and its Italian counterpart Moby have canceled an agreement related to Amsterdam-Newcastle ferries.

about 6 years ago
Ørsted Revises Offshore Production Forecasts Downward
Business & Finance

Ørsted Revises Offshore Production Forecasts Downward

Ørsted has revised its offshore wind production forecasts after concluding that the company’s current production forecasts underestimate the negative impact of the blockage effect and the wake effect. The blockage effect arises from the wind slowing down as it approaches the wind turbines. There is

about 6 years ago
USACE Coastal Restoration Mission Continues
Business & Finance

USACE Coastal Restoration Mission Continues

It’s been seven years since the Army Corps’ New York District began its mission in response to Hurricane Sandy. Sandy made history as the largest Atlantic hurricane on record when it made landfall on Oct. 29, 2012. With wind gusts in excess of 75 miles per hour and storm surge that inundated much of

about 6 years ago
New Capacity, Strong Winds Lift Ørsted
Business & Finance

New Capacity, Strong Winds Lift Ørsted

Ørsted has reported an operating profit (EBITDA) of DKK 12.9 billion (EUR 1.73bn) for the first nine months of 2019, up 19% compared to the first nine months of 2018, keeping the company ”well on track to deliver on our full-year guidance.” Earnings from offshore wind farms in operation increased by

about 6 years ago
New Capacity, Strong Winds Lift Ørsted
Business & Finance

New Capacity, Strong Winds Lift Ørsted

Ørsted has reported an operating profit (EBITDA) of DKK 12.9 billion (EUR 1.73bn) for the first nine months of 2019, up 19% compared to the first nine months of 2018, keeping the company ”well on track to deliver on our full-year guidance.” Earnings from offshore wind farms in operation increased by

about 6 years ago
Maersk, Wallenius Wilhelmsen to Lead Development of LEO Fuel
Business & Finance

Maersk, Wallenius Wilhelmsen to Lead Development of LEO Fuel

Shipping companies A.P. Moller-Maersk and Wallenius Wilhelmsen team up with clients to form the LEO Coalition.

about 6 years ago
Korea Plans Eco-Friendly Fuel Conversion for 140 ships by 2030
Business & Finance

Korea Plans Eco-Friendly Fuel Conversion for 140 ships by 2030

Larger state-owned ships would run on LNG, while the smaller ones would use electric or hybrid propulsion.

about 6 years ago
ConocoPhillips profit slips on lower oil prices
Business & Finance

ConocoPhillips profit slips on lower oil prices

U.S. oil major ConocoPhillips recorded a smaller quarterly profit in 3Q 2019 due to lower realized oil prices and higher exploration expenses. ConocoPhillips on Tuesday reported third-quarter 2019 earnings of $3.1 billion, compared with third-quarter 2018 earnings of $1.9 billion. Excluding special

about 6 years ago
Scottish Offshore Wind Energy Council Sets 8GW by 2030 Goal
Business & Finance

Scottish Offshore Wind Energy Council Sets 8GW by 2030 Goal

The Scottish Offshore Wind Energy Council (SOWEC) has officially launched, calling for the goal of having at least 8GW of offshore wind in Scottish waters by 2030. The council, launched on 29 October, said it aims to lead and support the industry, boost the local content of projects and increase job

about 6 years ago
Jan De Nul Kicks Off Maputo Port Dredging
Business & Finance

Jan De Nul Kicks Off Maputo Port Dredging

Maintenance dredging operations along the access channels of Maputo Port in Mozambique are officially underway, the port said in its latest release. Jan de Nul’s dredging vessels Francesco de Giorgio and Henri Pitot arrived in the port on October 14 and started the dredging work two days later. The

about 6 years ago
Chilean Telecom Operator Strengthens Capacity with Infinera
Business & Finance

Chilean Telecom Operator Strengthens Capacity with Infinera

Chilean telco Gtd has deployed Infinera solutions to increase capacity across its terrestrial network in Chile and its subsea networks for “Prat,” a submarine optical fiber project that is set to provide high-quality internet for Gtd’s national territory in Chile. Gtd operates subsea and terrestrial

about 6 years ago
Vigor Marine Secures Dredge Essayons Ship Repair and Overhaul Contract
Business & Finance

Vigor Marine Secures Dredge Essayons Ship Repair and Overhaul Contract

Vigor Marine LLC of Portland, Oregon, has won an $8 million contract for hopper dredge Essayons ship repair and overhaul. According to the U.S. Department of Defense (DoD), all overhaul, maintenance, and drydock work will be performed at the contractor’s facility in Portland with an estimated comple

about 6 years ago
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