The City of Ocean City, New Jersey, has restarted its bayside dredging program with two contracts awarded to Charter Contracting of Boston, MA. According to the officials, Ocean City will be completing two mechanical dredging programs in the fall/winter of 2019‐2020. In addition, USACE is planning t
Net income and earnings per share more than doubled, boosted by increased charter rates and the addition of new ships.
Norwegian oil and gas giant Equinor slipped to a loss in the third quarter of 2019 impacted by lower prices.
Iraq’s port of Umm Qasr can now welcome ships of up to 14,000 TEUs following the inauguration of two new berths.
TechnipFMC has reported third-quarter 2019 profit of $22 million or 5 cents per diluted share. The services major has seen an 84 percent decrease compared to net profit of $137 million same time last year. The results were affected by after-tax charges and credits totaling $32.6 million of expense,
The Western Dredging Association is gearing up for the Pacific Chapter WEDA Fall 2019 Conference that will be held in Newport Beach, CA from Tuesday, October 29, through Thursday, October 31, 2019. WEDA has released a tentative agenda for the Fall 2019 Conference, set to take place at the Hyatt Rege
Total shipping container production will end the year having fallen 36% compared to 2018, Drewry noted.
The labor union’s demands include raising the basic monthly wage by KRW 123,000 won (USD 105).
Deep Down has received orders for custom offshore equipment and services exceeding $2 million from different customers, within one week.
The U.S. House of Representatives is set to consider H.R. 2440, Full Utilization of the Harbor Maintenance Trust Fund bill on Monday October 28, 2019. As reported by the Dredging Contractors of America (DCA), the bill may be presented in the House under “suspension of the rules.” “We strongly suppor
Mexican industrial group Carso, owned by the billionaire Carlos Slim, has said it has been awarded a contract to build two offshore platforms for the Mexican oil company Pemex.
Port of Seattle Executive Director Stephen. P. Metruck yesterday officially released the proposed 2020 Budget and five-year capital development and investment plans. Port Commissioners will consider the budget and capital development and investment plans at their November 12 and November 19 public m
PGE Polska Grupa Energetyczna S.A. (PGE) and Ørsted have decided to commence discussions regarding the sale of a 50% stake in two offshore wind farm projects in the Polish Baltic Sea with a total capacity of up to 2.5GW and the cooperation terms for their development. The subject of discussions will
Avangrid Renewables has appointed Alejandro de Hoz, currently the company’s Vice President of Offshore Wind, to the role of President & CEO. He succeeds Laura Beane, who has decided to leave the company. “We have a growing renewables business with strong expertise in core areas of onshore wind and s
