Company & People News/Dredge Mining
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Oman Shipping Company Buys Ultramax Pair

Oman

Muscat-based Oman Shipping Company has signed a deal to acquire two Ultramax vessels, the company revealed.The two ships are 2015-built SBI Taurus and 2014-built TR Omaha, which are set to join OSC’s...

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Klaipedos Nafta Secures Financing for FSRU Purchase

Lithuania

The Nordic Investment Bank (NIB) and Lithuanian liquefied natural gas (LNG) and oil terminal operator AB Klaip?dos Nafta (KN) have signed a 25-year loan agreement to finance the purchase of a...

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TEN Unveils USD 104 Mn Tanker Quintet Sale

Greece

Greek tanker operator Tsakos Energy Navigation Limited (TEN) has decided to sell five of its vessels as part of the company’s fleet modernization plan.As informed, TEN will dispose of three Suezmax...

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Oldendorff Carriers Hires Diana’s Capesize

Greece

Greek dry bulk shipowner Diana Shipping has entered into a time charter contract with Germany-based Oldendorff Carriers for one of Diana’s Capesize dry bulk vessels, the M/V Sideris GS.As informed,...

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CEVA Takeover Affects CMA CGM’s Bottom Line

France

French container shipping major CMA CGM ended 2019 with significantly increased revenues due to the acquisition of CEVA but also a bigger net loss.Full-year 2019 revenue rose by 29% to USD 30.3...

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Brittany Ferries, ESIF Wrap Up Acquisition of Condor Ferries

France

French shipping company Brittany Ferries and Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) have finalized the acquisition of Condor Ferries, an operator of lifeline freight...

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CSSC Shipping, Sinokor Ink Sale and Leaseback Deal for 4 Newbuilds

China

CSSC (Hong Kong) Shipping, a ship leasing company and part of China State Shipbuilding Corp (CSSC), has agreed a sale and leaseback deal with South Korean shipping company Sinokor Merchant...

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C-Job Naval Architects to open new office in Athens, Greece

C-Job Naval Architects is opening a new office in Athens, Greece. The global independent ship design and engineering company is planning to launch the new office this spring, headed by long-time...

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New chair of Young CEDA commission outlines ambitions

The Young CEDA Commission has a new chair at the helm and he is seeking nominations for new membersAfter three years of leading Young CEDA to new heights, Peter de Looze of Monitrax stepped down as...

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Rapid Response Flood Remediation Partnership

United Kingdom

Marine construction and consultancy organisation, Red7Marine, was recently contracted by Jackson Civil Engineering to respond to a flood incident.The response was part of Jackson Civil Engineering’s...

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Yilport Wraps Up Taranto Container Terminal Takeover

Turkey

Turkish port operator Yilport Holding, part of Yildirim Group, has officially taken over the Italian Taranto Container Terminal under a 49-year concession agreement.On February 27, 2020, Yilport and...

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Wan Hai Buys Two Boxships from PIL for USD 186 Mln

Taiwan

Taiwanese shipping company Wan Hai Lines has acquired two containerships from Singapore-based liner operator Pacific International Lines (PIL), the company said in a regulatory filing.The two...

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Deep Dig-It trencher buries cables more than 5 metres below the seabed to connect offshore wind farms

Netherlands

Rotterdam, the Netherlands, 6 March 2020 - TenneT is building the Hollandse Kust (South) offshore grid to the north of the Maasvlakte, to connect new wind farms. Four cables will have to be routed...

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Boskalis Publishes 2019 Annual Report And Sustainability Report

Netherlands

Papendrecht, 5 March 2020 Royal Boskalis Westminster N.V. (Boskalis) has published both its Annual Report 2019, which includes the new corporate business plan 2020-2022, and its Sustainability...

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Boskalis Full Year Result Boosted By Good Second Half Year

Netherlands

Papendrecht, 5 March 2020?HIGHLIGHTS 2019Revenue: EUR 2.6 billionEBITDA: EUR 376 millionEBIT: EUR 111 millionNet profit: EUR 75 millionRecord high order book: EUR 4.7 billionNet debt-free: EUR 26...