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Business & Finance

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Boost for Grand Traverse Harbor Stamp Sands Removal
Business & Finance

Boost for Grand Traverse Harbor Stamp Sands Removal

The U.S. Environmental Protection Agency (EPA) has provided $3.7 million in Great Lakes Restoration Initiative (GLRI) funds to the U.S. Army Corps of Engineers (USACE) for the removal of stamp sands in Grand Traverse Harbor near the Town of Gay, Michigan. Dredging is underway and expected to continu

about 7 years ago
Oceaneering Gets Lundin Wellhead Removal Job
Business & Finance

Oceaneering Gets Lundin Wellhead Removal Job

Oceaneering has secured a contract from Lundin Norway covering the removal of the Jorvik subsea well in Norway, with options for additional wells. The removal project, which is part of an ongoing rig chase multi-client campaign, is expected to begin this fall and take 3-4 weeks to complete. Contract

about 7 years ago
Hunting acquires riser technologies manufacturer
Business & Finance

Hunting acquires riser technologies manufacturer

Hunting PLC has completed the acquisition of the business and assets of RTI Energy Systems (RTIES) for a total cash consideration of $12.5 million.

about 7 years ago
Moorhead, Clay County form Joint Powers Authority
Business & Finance

Moorhead, Clay County form Joint Powers Authority

The City of Moorhead and Clay County, MN, have formed a Joint Powers Authority (MCCJPA) to reaffirm their support and involvement in the implementation of the Fargo-Moorhead Area Diversion Project. The MCCJPA had its first meeting on August 14 at the Clay County Courthouse. “The MCCJPA’s primary obj

about 7 years ago
JFD Adds Dutch Submersibles Maker Ortega
Business & Finance

JFD Adds Dutch Submersibles Maker Ortega

JFD, part of James Fisher and Sons, has acquired all the assets, IP and designs rights of Ortega Submersibles, the Netherlands-based submersible boat designer and manufacturer. The acquisition will enable JFD to expand further its offering of advanced Swimmer Delivery Vehicles (SDVs) and to develop

about 7 years ago
Gibraltar Releases Seized Iranian Tanker Grace 1
Business & Finance

Gibraltar Releases Seized Iranian Tanker Grace 1

The officials have revoked the vessel’s earlier specified detention with effect from August 15.

about 7 years ago
Xodus adds consultants to subsea integrity team
Business & Finance

Xodus adds consultants to subsea integrity team

International energy consultancy Xodus Group has appointed two principal consultants to its subsea integrity management team.

about 7 years ago
Kraken Delivers Its ThunderFish AUV to DRDC
Business & Finance

Kraken Delivers Its ThunderFish AUV to DRDC

Kraken Robotics has delivered its ThunderFish 300 autonomous underwater vehicle (AUV) to its test partner, Defense Research and Development Canada (DRDC) in Halifax, Nova Scotia. Final sea acceptance testing was completed on August 8. The delivery to DRDC was facilitated by a $1 million contract awa

about 7 years ago
Samsung Heavy Wins USD 186 Mn LNG Carrier Deal
Business & Finance

Samsung Heavy Wins USD 186 Mn LNG Carrier Deal

Under the construction contract, the vessel is scheduled for delivery in late October 2021.

about 7 years ago
Vår Energi hands out Jotun FPSO life extension job to Rosenberg Worley
Business & Finance

Vår Energi hands out Jotun FPSO life extension job to Rosenberg Worley

Norwegian oil and gas company Vår Energi has awarded an Engineering, Procurement, Construction and Installation (EPCI) contract to Rosenberg Worley in Stavanger, Norway.

about 7 years ago
Work Begins on AIDA Cruises’ New LNG-Fueled Ship
Business & Finance

Work Begins on AIDA Cruises’ New LNG-Fueled Ship

German shipbuilder Meyer Werft has cut the first steel for the next cruise ship for AIDA Cruises.

about 7 years ago
CTM Supramax Pool Grows to 70 Bulkers
Business & Finance

CTM Supramax Pool Grows to 70 Bulkers

CTM has welcomed seven more vessels to its Supramax Revenue Sharing Agreement (RSA).

about 7 years ago
Contrecoeur Port Expansion Deal Inked
Business & Finance

Contrecoeur Port Expansion Deal Inked

The Canada Infrastructure Bank (CIB) has just introduced their plan to work with the Montreal Port Authority (MPA) to advance the project development of a new container terminal in Contrecoeur, where the port plans to expand its activities. The Memorandum of Understanding confirms that CIB and MPA w

about 7 years ago
Golden Ocean Sinks Deeper into the Red
Business & Finance

Golden Ocean Sinks Deeper into the Red

The company recorded a net loss of USD 33.1 million during the second quarter of 2019.

about 7 years ago
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