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Business & Finance

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NAT Sees Best Result in Almost Three Years
Business & Finance

NAT Sees Best Result in Almost Three Years

Nordic American Tankers managed to return to profitability during the first quarter.

about 7 years ago
Dennis Beach Nourishment Project up for Comment
Business & Finance

Dennis Beach Nourishment Project up for Comment

The town of Dennis is seeking a permit from the U.S. Army Corps of Engineers, New England District, to conduct work in waters of the U.S. in conjunction with beach nourishment in Dennis, Massachusetts. The proposed work involves beach nourishment to restore the beach along Dr. Bottero Road, which wi

about 7 years ago
Russian Owners Taking Over Finland’s Arctech Helsinki Shipyard by End of May
Business & Finance

Russian Owners Taking Over Finland’s Arctech Helsinki Shipyard by End of May

AHS will continue its shipbuilding operations as part of Nevsky Shipyard.

about 7 years ago
Cruise Ship Fined for Violating Norwegian Fjords’ SOx Limit
Business & Finance

Cruise Ship Fined for Violating Norwegian Fjords’ SOx Limit

Global Cruise Lines’ MS Magellan violated the legislation on fuel sulphur limits in the world heritage fjords.

about 7 years ago
WES Boosts Advanced Control Systems Development for Wave Devices
Business & Finance

WES Boosts Advanced Control Systems Development for Wave Devices

Wave Energy Scotland (WES) is awarding almost £1m to fund the development of Advanced Control Systems technology for wave energy devices. The technology aims to reduce the cost of generating electricity from wave energy devices by increasing the amount of energy they can capture. The two projects se

about 7 years ago
AVIC Maritime to Sell Stake in Its Subsidiary
Business & Finance

AVIC Maritime to Sell Stake in Its Subsidiary

60% shareholding in AVIC Zhenjiang Shipyard Marine will be sold.

about 7 years ago
Maersk Drilling expects higher utilization and day rates in longer term
Business & Finance

Maersk Drilling expects higher utilization and day rates in longer term

While Maersk Drilling’s 1Q 2019 result was impacted by lower day rates and expiry of legacy contracts, the driller expects improved market fundamentals with increased utilization and higher day rates in the longer term.

about 7 years ago
Naval Base San Diego Dredging Contract Awarded
Business & Finance

Naval Base San Diego Dredging Contract Awarded

Granite and Healy Tibbitts Builders, Inc. announced yesterday that their joint venture team has been awarded a $27 million dredging contract in San Diego. The contract was awarded by Naval Facilities Engineering Command Southwest and includes maintenance dredging at Piers 1, 3, and Paleta Creek at N

about 7 years ago
Trio Forms New Decom Player
Business & Finance

Trio Forms New Decom Player

Heerema Marine Contractors, Decom Energy and AF Offshore Decom, have jointly launched a new company – Fairfield Decom. Fairfield Decom was established as a late-life operations and decommissioning operator, providing solutions for aging offshore oil and gas assets, primarily in the UK Continental Sh

about 7 years ago
Nova Gets New €5 Mln Tidal Energy Project
Business & Finance

Nova Gets New €5 Mln Tidal Energy Project

Nova Innovation-led consortium has won a new European project, ELEMENT, that will use Artificial Intelligence to improve tidal turbine performance and accelerate commercialization of tidal energy. The ELEMENT project will incorporate Artificial Intelligence technology from wind energy into tidal tur

about 7 years ago
Svitzer Divesting Portuguese Business Amid Declining Volumes
Business & Finance

Svitzer Divesting Portuguese Business Amid Declining Volumes

Svitzer’s operation in Portugal covers three ports.

about 7 years ago
Prysmian Lands $224M Vineyard Wind Cabling Deal
Business & Finance

Prysmian Lands $224M Vineyard Wind Cabling Deal

Prysmian has been awarded a contract worth approximately €200 million (approximately $224 million) by Vineyard Wind to provide a submarine power cable system which will deliver clean energy to the mainland power grid in the US. With the notice to proceed expected at the end of 2019, Prysmian will be

about 7 years ago
Houston Ship Channel Reopens to Two-Way Traffic after Collision
Business & Finance

Houston Ship Channel Reopens to Two-Way Traffic after Collision

Houston Ship Channel reopened to two-way traffic after a collision between a tanker and a tug.

about 7 years ago
DFDS Offloads RoRo Vessel
Business & Finance

DFDS Offloads RoRo Vessel

DFDS decides to sell Anglia Seaways to Attica Group.

about 7 years ago
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