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Business & Finance

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Schulte Launches Venture Capital Arm for Maritime Startups
Business & Finance

Schulte Launches Venture Capital Arm for Maritime Startups

The new unit will operate from Hamburg, Limassol and Singapore.

about 7 years ago
Half Tide Tug Harbor Maintenance Work Includes Dredging
Business & Finance

Half Tide Tug Harbor Maintenance Work Includes Dredging

North Queensland Bulk Ports Corporation (NQBP) has unveiled a plan to conduct maintenance and repair works at Half Tide Tug Harbor from May 16-22. According to the NQBP’s official announcement, the works will include: Boat ramp excavation works These maintenance works, aimed to improve access for re

about 7 years ago
VV: Ships Sabotaged in UAE Waters Identified
Business & Finance

VV: Ships Sabotaged in UAE Waters Identified

Saudi ships involved in the sabotage incident off UAE identified as the VLCC Amjad and the Al Marzoqah tanker.

about 7 years ago
Equinor taps Schlumberger, Halliburton, Baker Hughes, and Weatherford for drilling services on NCS
Business & Finance

Equinor taps Schlumberger, Halliburton, Baker Hughes, and Weatherford for drilling services on NCS

The Norwegian oil and gas company Equinor has awarded drilling services contracts worth NOK 2.5 billion ($286.7 million) in total to the oilfield services behemoths Schlumberger, Halliburton, Baker Hughes, and Weatherford, among others.

about 7 years ago
Sonardyne Kits Out Cellula Robotics UUV
Business & Finance

Sonardyne Kits Out Cellula Robotics UUV

Integrated navigation, positioning and communications technology from Sonardyne will support a new, fuel cell-powered long-range unmanned underwater vehicle (UUV) being designed by subsea specialist Cellula Robotics for the Canadian defence department. The UUV, called Solus-LR, is being designed to

about 7 years ago
Petrobras orders McDermott’s subsea flowlines for Sepia field
Business & Finance

Petrobras orders McDermott’s subsea flowlines for Sepia field

Brazilian oil company Petrobras has awarded McDermott a contract for the engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Brazil.

about 7 years ago
TORM Posts Its Strongest Quarterly Result in 3 Years
Business & Finance

TORM Posts Its Strongest Quarterly Result in 3 Years

The rise in TORM’s profit in Q1 2019 was driven by product tanker market recovery.

about 7 years ago
Bangladesh to Buy 55 Dredgers
Business & Finance

Bangladesh to Buy 55 Dredgers

In order to increase navigability of the country’s rivers and ensure smooth waterway communication, Bangladesh Inland Water Transport Authority (BIWTA) has started the process of procuring 55 new dredgers, reported the UNB. According to the officials, 55 dredgers will be procured under two separate

about 7 years ago
Eau Gallie River Dredging Project Wraps Up
Business & Finance

Eau Gallie River Dredging Project Wraps Up

The St. Johns River Water Management District, Florida Department of Environmental Protection (DEP), state and local elected officials, and Indian River Lagoon protection advocates yesterday celebrated the completion of a two-year-long muck dredging project in the Eau Gallie River aimed at improving

about 7 years ago
Atlantis and GE in Tidal Turbine Pact
Business & Finance

Atlantis and GE in Tidal Turbine Pact

SIMEC Atlantis Energy (Atlantis), Turbine and Engineering Services Division (ATES) will enter into a technology partnership and preferred supplier agreement with GE’s Power Conversion business (GE). Under the terms of the partnership agreement, both parties will work together and share resources for

about 7 years ago
Okeanis Eco Tankers Raises USD 15 Mn in Private Placement
Business & Finance

Okeanis Eco Tankers Raises USD 15 Mn in Private Placement

Upon delivery, the offer shares will be tradable on Oslo Axess under the trading symbol “OET”.

about 7 years ago
Another Successful Project for Damen DOP200
Business & Finance

Another Successful Project for Damen DOP200

A Damen DOP submersible dredge pump was put to the test recently in a lake dredging project in the large nature park Oberspreewald in Eastern Germany. In order to complete the project fast, as wildlife breeding season was approaching, a DOP200 was purchased at the end of February. The DOP200 was att

about 7 years ago
2H Offshore Strengthens Global Management Team
Business & Finance

2H Offshore Strengthens Global Management Team

2H Offshore, a riser and conductor specialist in subsea services group Acteon, has promoted Mike Campbell and Ricky Thethi to the role of global director. Campbell resides on 2H Offshore’s Houston management team. As global director, he is responsible for global technology and providing support to 2

about 7 years ago
Innogy’s Renewables Figures Go Up
Business & Finance

Innogy’s Renewables Figures Go Up

Innogy has reported a 29% increase in adjusted EBIT in the first quarter of the fiscal year 2019, said to be due to earnings contributed by new wind farms, as well as prices and improvement in weather conditions. In the latest financial results, Innogy announced EUR 200 million in adjusted EBIT in Q

about 7 years ago
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