Baker Hughes, a GE company, (BHGE) has reported loss of $9 million or 2 cents per diluted share on GAAP basis for the quarter ended June 30, 2019. Adjusted diluted earnings per share were 20 cents per share. The result compares with $19 million loss in Q2 2018, up 52%, but down sequentially from $32
Concerns over Kuzma Minin’s lack of P&I insurance cover “caused unexpected pressures” in salvage ops.
Reporting a profitable Q2, Finnlines reiterates its decision to order more environmentally-friendly vessels.
Offshore oil and gas helicopter transportation specialist CHC is looking at potential merger or acquisition.
The City of Henderson (KY) is about to begin a dredging project that will remove sediment and silt from the downtown boat ramps. As reported in the release, for the first time this summer season, the Ohio River has dropped low enough and will remain that way so the city can clean out the silt [&hell
US investment firm Stonepeak Infrastructure Partners has acquired a 95% stake in Swancor Renewable Energy Co. Ltd, a subsidiary of Swancor Holding. The transaction is valued between USD 25 million and USD 101 million, Swancor said in a stock exchange filing. Swancor Renewable Energy holds a 15% stak
Ian Borg, the Government of Malta’s Minister for Transport, Infrastructure and Capital Projects, and Aaron Farrugia, Parliamentary Secretary for European Funds and Social Dialogue, earlier this week toured the ongoing works for the construction of the Qrejten breakwater, in the locality of Marsaxlok
Oil major Shell recorded a 25 percent decrease in ts second quarter profit due to lower oil prices while its production was up by 4 percent during the period.
Houston-based Trendsetter Engineering announced the successful offshore installation of a custom methanol injection valve module as part of a subsea gas lift project off the coast of Malaysia. The methanol injection valve module interfaces with an existing gooseneck connector to provide the necessar
PSA International completes the acquisition of Halterm Container Terminal in Halifax, Canada.
New Zealand Prime Minister Jacinda Ardern has this week opened various wharf and ramp structures built by Sunshine Coast dredging and civil construction company Hall Contracting in the remote territory of Tokelau, a dependent territory of New Zealand in the southern Pacific Ocean. The wharves – fund
This is the 22nd marine port in Yilport Holding’s portfolio, and its first terminal in Italy.
Cargotec’s MacGregor business area has completed the acquisition of the marine and offshore businesses of TTS Group.
DEME’s cable installation vessel Living Stone has completed the installation of subsea export cable for Elia’s Modular Offshore Grid. The 85-kilometer cable connects Elia’s offshore switch yard to the shore station Stevin at Zeebrugge, as well as the Rentel wind farm offshore substation. Living Ston
