Houston Port Commissioners awarded recently a contract to TCB/GBA Joint Venture for professional engineering and planning services in support of the U.S. Army Corps of Engineers’ feasibility study of modifications to improve the Houston Ship Channel system. That system includes the Houston, Barbours
Oceanteam Shipping informed that its subsidiary RentOcean has successfully signed a EUR 15 million revolving term loan facility provided by NIBC Bank N.V. According to the company’s filing to Oslo Stock Exchange, the facility matures in 3 years after the facility start date. Proceeds of drawdowns un
Aker Solutions’ net income for the quarter fell to NOK 220 million ($28.7 million) from NOK 283 million ($37 million) in the same period last year. Earnings per share (EPS) fell to NOK 0.79 in the quarter from NOK 1.03 a year earlier. Earnings were impacted by costs of overcapacity in the maintenanc
Atlantis Resources has reached an agreement to acquire the entire issued share capital of the Bristol-based tidal business, Marine Current Turbines Limited, (“MCT”) from Siemens AG in an all share deal. The acquisition is conditional upon certain conditions precedent being satisfied. Siemens will re
The Panama Canal Authority (ACP) has announced a key milestone in the Expansion Program, with the installation of the sixteenth and final gate for the new locks on the Pacific side of the Canal. The installation process began yesterday, April 28, at 12:00 PM (Panama Time) on the south end of the Can
The U.S. Army Corps of Engineers Galveston District recently awarded a contract to SOL Engineering Service LLC for environmental services to include the collection and analyses of water and sediment samples from the federally-maintained Sabine Neches Waterway’s entrance, jetty and Sabine Pass channe
ASCO Group said it will manage the operations and maintenance logistics and supply base in Australia for Shell’s 5.3 mtpa FLNG facility, which will be located in the Prelude gas field in the Browse Basin, situated about 800 kilometres west of Darwin. The Prelude project’s Darwin onshore supply base
ASCO Group said it will manage the operations and maintenance logistics and supply base in Australia for Shell’s 5.3 mtpa FLNG facility, which will be located in the Prelude gas field in the Browse Basin, situated about 800 kilometres west of Darwin. The Prelude project’s Darwin onshore supply base
Last week marked the signing of a $1.8 billion Tuas Terminal Phase 1 agreement between the Maritime Port Authority of Singapore (MPA) and the Dredging International Asia Pacific – Daelim Joint Venture (DDJV). The contract was signed on April 23rd 2015, during the inaugural Singapore Maritime Technol
De Beers Marine Namibia, part of diamond company De Beers Group, has lifted all subjects, thus confirming its contract with Norwegian ship builder Kleven on the building of a highly specialised vessel for deep water mineral exploration. The contract was initially announced in October 2014, but sub
FoundOcean has completed the grouting for an 8-legged jacket in the Bay of Campeche, Mexico. The project, completed on behalf of McDermott was mobilised from Port Fourchon, Louisiana. In January this year, McDermott announced the contract award for the installation of the 8,400-ton offshore jacket,
Alcatel-Lucent and the Algerian Ministry of Post, Information Technology and Communications, have signed a turnkey agreement for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain. With completion expected in 2016, the 100
Tidewater Subsea has been awarded a WROV services contract by Allseas with the Campos Tide in Australia. The contract is scheduled to begin mid-April on the Chevron Wheatstone project. Construction on the Wheatstone Project began in late 2011. The project includes an 8.9 million-metric-ton-per-year
Tidewater Subsea informed it has been awarded a WROV services contract by Allseas with the Campos Tide in Australia.
