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Business & Finance

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Hopper Dredger LESSE Passes Sea Trials
Business & Finance

Hopper Dredger LESSE Passes Sea Trials

The sea trials of the 2,300m³ trailing suction hopper dredger (TSHD) LESSE have been completed successfully, informs Royal IHC. According to the shipbuilder, during the trials, the vessel and its dredging equipment were thoroughly tested in all conditions. The LESSE was built by IHC’s partner yard M

about 7 years ago
McDermott clinches another EPCI job with Saudi Aramco
Business & Finance

McDermott clinches another EPCI job with Saudi Aramco

McDermott International has been awarded another large contract by Saudi Aramco. McDermott said on Thursday that, under the contract, it would provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field with hook-up and modificatio

about 7 years ago
Boskalis, Kotug Finalize Sale of Kotug Smit Towage to Boluda
Business & Finance

Boskalis, Kotug Finalize Sale of Kotug Smit Towage to Boluda

The combination of Kotug Smit Towage and Boluda is attractive for all stakeholders, the parties noted.

about 7 years ago
Saudi Aramco Taps McDermott for Hasbah Gas Field Work
Business & Finance

Saudi Aramco Taps McDermott for Hasbah Gas Field Work

McDermott has been awarded a contract by Saudi Aramco for production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Saudi Arabia’s Karan fields located offshore in the Arabian Gulf. The scope of work includes engineering, procurement, construction and installation (

about 7 years ago
DP World: Djibouti’s Breakdown of Rule of Law Threatens Investment in the Country
Business & Finance

DP World: Djibouti’s Breakdown of Rule of Law Threatens Investment in the Country

DP World: Djibouti’s recent action to denounce the Rule of Law is threatening any investment in the country.

about 7 years ago
ITF: Various Unions Show Support to Australian Wharfies
Business & Finance

ITF: Various Unions Show Support to Australian Wharfies

The support comes on the back of a series of strikes organized by wharfies fighting job losses, outsourcing and automation.

about 7 years ago
New Bell’s Amphibious Excavator Busy in Switzerland
Business & Finance

New Bell’s Amphibious Excavator Busy in Switzerland

Bell Dredging, a Dutch company specializing in engineering and manufacturing dredge equipment, expanded its rental fleet recently with an amphibious excavator that can work in shallow water and marshland. The rental amphibious excavator (20 ton class) is equipped with the Bell 150 pump as attachment

about 7 years ago
Siemens Gamesa Commissions Half of European OW Turbines in H1 2019
Business & Finance

Siemens Gamesa Commissions Half of European OW Turbines in H1 2019

Siemens Gamesa supplied nearly half of the connected offshore wind turbines in Europe in the first six months of 2019, according to WindEurope. WindEurope reported that 133 Siemens Gamesa turbines were connected to the grid in the first half of the year, producing 931MW of energy and taking 48% of t

about 7 years ago
Siemens Gamesa Commissions Half of European OW Turbines in H1 2019
Business & Finance

Siemens Gamesa Commissions Half of European OW Turbines in H1 2019

Siemens Gamesa supplied nearly half of the connected offshore wind turbines in Europe in the first six months of 2019, according to WindEurope. WindEurope reported that 133 Siemens Gamesa turbines were connected to the grid in the first half of the year, producing 931MW of energy and taking 48% of t

about 7 years ago
Orion Group Presents Second Quarter Results
Business & Finance

Orion Group Presents Second Quarter Results

Orion Group Holdings, Inc. (ORN) has just reported a net loss of $1.6 million ($0.06 diluted loss per share) for the second quarter ended June 30, 2019. According to Mark Stauffer, Orion Group Holding’s President and Chief Executive Officer, the second quarter revenues increased both year-over-year

about 7 years ago
Labour Party Backs £3.5bn Mersey Tidal Power Project
Business & Finance

Labour Party Backs £3.5bn Mersey Tidal Power Project

Jeremy Corbyn MP, leader of the Labour Party recently visited Liverpool to announce major plans for a £3.5 billion investment in the Mersey Tidal Power Project as part of Labour’s Green Industrial Revolution to address the climate emergency and boost investment in the North of England. On a visit wi

about 7 years ago
Valaris posts $406 million profit in first quarter after merger
Business & Finance

Valaris posts $406 million profit in first quarter after merger

Offshore drilling contractor Valaris, formerly known as EnscoRowan, booked a large profit in the second quarter of the year.

about 7 years ago
Gold Coast Beach Strategy Pays Off
Business & Finance

Gold Coast Beach Strategy Pays Off

The Queensland’s City of Gold Coast multi-million dollar commitment to its beaches has paid off, with new figures from the Ocean Beaches Strategy mid-life review revealing favorable progress in protecting the coastline, the city said in its latest release. Commenting the latest achievement, Mayor To

about 7 years ago
EMGS Wins Namibia Work
Business & Finance

EMGS Wins Namibia Work

Electromagnetic Geoservices (EMGS) has been awarded a contract from Nabirm for a proprietary 3D controlled source electromagnetic (CSEM) survey in the Walvis Basin offshore Namibia. Under the contract, valued in excess of $1 million, EMGS will also provide processing, inversion and interpretation se

about 7 years ago
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