SGS Acquires TTSA's Diving Division
Commercial diving company Subsea Global Solutions (SGS) said it has acquired the commercial diving division of T&T Salvage Asia, Pte Ltd. (TTSA), enhancing SGS’ capabilities in Singapore and strengthening its position in the Asia-Pacific region.Paul Peters, CEO of SGS said, “This is a strategic addition to our recent acquisition of Underwater Contractors Pte. Ltd. Singapore (UWC). Creating a single platform under the SGS umbrella with the most advanced technologies…
Robust Dredging on America’s Inland Waterways
Inland Dredging Company helps keep commerce flowing on America’s inland waterway system.Dyersburg, Tenn. based Inland Dredging Company completed dredging projects spanning eight states and across four U.S. Army Corps of Engineers Districts. Beginning in July and finishing in December (2019), Inland Dredging crews dredged ports and harbors along the Mighty Mississippi River, Ouachita River, Red River…
Vessels at Port of Libyan Capital Evacuated After Attack
Vessels including fuel tankers docked at the sea port of the Libyan capital were evacuated on Tuesday after an attack, two port officials said.Eastern Libyan forces…
ZF Unveils 5200 A/V PTI Hybrid Transmission
With the ZF 5200 A/V PTI, ZF Marine is introducing the brand’s first hybrid transmission that can be installed in the ship in both V (V drive) and A (down angle) positions. Thanks to the wide range of transmission ratios and space-saving design, the ZF 5200 A/V PTI is suited for many different types of marine vessels.Ship designers currently face a wide array of challenges: In the leisure yacht segment…
US Warship Seizes Suspected Iranian Weapons
A U.S. Navy warship seized weapons believed to be of Iranian “design and manufacture,” including 150 anti-tank guided missiles and three Iranian surface-to-air missiles, the American military said on Thursday.In a statement, the military said the guided-missile cruiser Normandy boarded a dhow, a traditional sailing vessel, in the Arabian Sea on Sunday.“The weapons seized include 150 ‘Dehlavieh’ anti-tank guided missiles (ATGM)…
Albwardy Damen Opens Repair Workshop in SOHAR
On February 12 Albwardy Damen entered into an agreement with SOHAR for the opening of a workshop. For the signing, which took place at SOHAR Port and Freezone Head Office in Oman, SOHAR was represented by Mark Geilenkirchen, CEO of SOHAR Port and Albwardy Damen was represented by Ibrahim Mohamed Al Shidi. The agreement will see the installation of a 40-foot workshop container at a service jetty in the Port…
EU Loan Supports Ystad LNG Upgrades
The European Investment Bank (EIB) has signed a SEK 445 million ($45.6 million) loan agreement with the Municipality of Ystad to expand harbor facilities so that new, larger liquefied natural gas (LNG) vessels on the Swinoujscie-Ystad line can access the harbor.The port in the southern-Swedish town is a busy connection point to the Polish Port of Swinoujscie and the Danish island of Bornholm. The project…
Coronavirus Slows China's Belt and Road Push
When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the obstacle about to trip up China's plan for railways, ports and highways around the world: the coronavirus.Travel restrictions to prevent the spread of the disease, which has now killed more than 1,800 people, have idled much of the world's second-largest…
Golden Ocean Warns on Profit, Supply Chains Due to Coronavirus
Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade.The world's second-biggest economy has seen business activity curtailed in recent weeks as it battles to combat the spread of the virus, pushing down shipping rates for commodities such as coal and iron ore used in…
EU Clears OLT Takeover by SNAM and FSI
The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger…
DP World to Delist from Nasdaq Dubai
DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership.According to a press release, the…
MHI Vestas Orders ABB Transformers
MHI Vestas Offshore Wind, the global wind turbine manufacturer, has selected ABB’s Power Grids business to deliver its WindSTAR transformers for the Triton Knoll…
Sembcorp in Offshore R&D Pact with A*Star
The global marine and offshore engineering group Sembcorp Marine and Singapore's Agency for Science, Technology and Research (A*Star) have agreed to deepen their…
Gazprom Neft, Mubadala Sign Tech Pact
Gazprom Neft, is the third largest oil producer in Russia, and Mubadala Petroleum (Abu Dhabi, UAE) have entered into a memorandum of understanding in the field of…
UPS Wins Northern Endeavour Contract
Upstream Production Solutions (UPS), Perth, a wholly owned subsidiary of GR Engineering Services Ltd, has agreed with the Australian Government to provide operations…
Partnership to Make Waterways Climate-Neutral
German energy company E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen are partnering up to create conditions conducive to switching inland shipping…
Keel Laid for Nigerian Navy Landing Craft
Dutch shipbuilding giant Damen Group said that its Damen Shipyards Sharjah (DSS) in the United Arab Emirates held a keel-laying ceremony for a new landing craft…
National Geographic Endurance Completes Sea Trials
Lindblad Expeditions’ National Geographic Endurance successfully completed its first sea trials in Storfjorden, the entrance to Norway’s Geirangerfjord.The next…
Nakilat Posts Record Net Profit of $270M
Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a consolidated net profit of QR1,003m (USD $270 million) in 2019, an increase of 12.4 percent…
Wärtsilä to Supply Scrubbers to NCL
European technology giant Wärtsilä will be supplying hybrid scrubber system packages for Norwegian Cruise Line's (NCL) Norwegian Breakaway and Norwegian Getaway.According…