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Business & Finance

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COVE Board of Directors Grows
Business & Finance

COVE Board of Directors Grows

The Centre for Ocean Ventures and Entrepreneurship (COVE) has recently welcomed five new members to its Board of Directors. The new board members include Mark Jollymore, President of Innovasea Systems Inc., Melanie Nadeau, Director, Strategic Initiatives of Emera, Aubrey Palmeter, President & CEO of

about 7 years ago
Rescue Ops Launched after Hurricane Hits Bourbon AHTS in the Atlantic
Business & Finance

Rescue Ops Launched after Hurricane Hits Bourbon AHTS in the Atlantic

The vessel developed a water ingress when it encountered the category four hurricane Lorenzo in the Atlantic.

about 7 years ago
McQuilling, IFCHOR Form Latin American Dry Bulk JV
Business & Finance

McQuilling, IFCHOR Form Latin American Dry Bulk JV

The shipbrokers said that the joint venture is focused on the Latin American dry bulk chartering and advisory services.

about 7 years ago
Another Nomination for Jan de Nul
Business & Finance

Another Nomination for Jan de Nul

IADC has announced another nomination running to receive the Safety Award 2019 award – Jan de Nul’s hopper crew designed, built and installed a safety platform to protect their crewmates. After each dredge cycle on a trailing suction hopper dredger, the pipe operator must grease and/or inspect the u

about 7 years ago
Maersk Tankers Readies Its Pool for IMO 2020
Business & Finance

Maersk Tankers Readies Its Pool for IMO 2020

The company made changes to its Bunker Adjustment tool to accommodate scrubber-fitted vessels.

about 7 years ago
GP Global Delivers 1st IMO 2020 Compliant Fuel in Fujairah
Business & Finance

GP Global Delivers 1st IMO 2020 Compliant Fuel in Fujairah

The maiden delivery via the barge will help serve the Port of Fujairah as well as adjoining ports.

about 7 years ago
UK’s Offshore Wind Generation Up by 25% in Q2 2019
Business & Finance

UK’s Offshore Wind Generation Up by 25% in Q2 2019

Offshore wind generation in the UK rose by 25% in the second quarter of 2019, contributing to a 9.9% rise in renewable generation, according to the latest report by the Department for Business, Energy and Industrial Strategy (BEIS). In Q2 2019, generation from offshore wind saw an increase from 1.2

about 7 years ago
PHOTO: Foyle and Marine Dredger Dinopotes Busy in Red Bay
Business & Finance

PHOTO: Foyle and Marine Dredger Dinopotes Busy in Red Bay

Foyle and Marine Dredging Ltd has just released these beautiful photos of their backhoe dredger ‘Dinopotes’, assisted by the tug ‘Ada Dorothy’, during their work outside Waterfoot in the Glens of Antrim, Red Bay in Northern Ireland. “It is a sensitive environment, thus we are using silt curtains to

about 7 years ago
Sixteen UK Ports Receive Funds to Prepare for Brexit
Business & Finance

Sixteen UK Ports Receive Funds to Prepare for Brexit

The ports would use the funding for infrastructure upgrades amid preparations for Brexit on October 31.

about 7 years ago
US Sanctions COSCO Companies over Iran Trade
Business & Finance

US Sanctions COSCO Companies over Iran Trade

The U.S. sanctioned two COSCO subsidiaries in the latest move to curb the flow of Iranian crude.

about 7 years ago
Carnegie Secures Lifeline to Recapitalise Wave Business
Business & Finance

Carnegie Secures Lifeline to Recapitalise Wave Business

Carnegie has raised the required $5.5 million to continue with the final phases of the recapitalisation plan. Existing shareholders contributed approximately $4.4 million, with around $1.1 million coming from new investors under the Shortfall Offer. The initial plan was to raise a minimum of $5.5 mi

about 7 years ago
Batemans Bay Dredging Project on the Way
Business & Finance

Batemans Bay Dredging Project on the Way

The Roads and Maritime Services NSW has announced that dredging operations will be undertaken in Batemans Bay during October and November. As reported, the dredging will take place in the vicinity of the Clyde River Bar, Batemans Bay, from Monday, 7 October to Wednesday, 20 November 2019. Vessel ope

about 7 years ago
Moody’s Downgrades CMA CGM due to Weakened Liquidity
Business & Finance

Moody’s Downgrades CMA CGM due to Weakened Liquidity

CMA CGM’s liquidity profile weakened in the last 12 months as a consequence of the CEVA Logistics acquisition.

about 7 years ago
Van Dam Shipping to Install Wind Assisted Propulsion System
Business & Finance

Van Dam Shipping to Install Wind Assisted Propulsion System

eConowind’s Ventifoil system would be installed on the company’s 3,600 dwt cargo vessel MV Ankie.

about 7 years ago
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