Company & People News/Dredge Mining
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Frontline Raises Cash to Finance Ten Trafigura Suezmaxes

Bermuda

Bermuda-based shipping company Frontline has signed a sale-and-leaseback agreement in an amount up to USD 544 million with China’s ICBC Financial Leasing Co., Ltd. (ICBCL).As informed, the proceeds...

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Euronav Buying 4th Scrubber-Fitted VLCC Newbuild

Belgium

Belgian tanker company Euronav has entered into an agreement for the acquisition of one VLCC newbuilding contract through a resale. Currently completing construction at the DSME shipyard in South...

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New Chairman For Daniel Adamson

United Kingdom

After leading the 'Daniel Adamson' restoration project for 16 years, the man who saved the 1903-built steam tug-tender from the breaker’s torch for £1 has stepped down as chairman.Following a...

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CFO Sarah Kuijlaars leaves Arcadis

Netherlands

Amsterdam, 4 March 2020 - Arcadis (EURONEXT: ARCAD), the leading global Design & Consultancy organization for natural and built assets, today announced the resignation of Sarah Kuijlaars, Chief...

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Jifmar Expands Further In Scotland

France

French-owned Jifmar Offshore Services has increased its presence in Scotland with the acquisition of Shetland-based Delta Marine.This new addition for Jifmar comes a year after the similar...

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Wartsila-Led Consortium to Raise Fuel Efficiency in EU-Funded Project

Finland

Finnish technology group Wärtsilä, together with a consortium of six other industry and academic partners, has been awarded EU funding for a major project aimed at reducing fuel consumption and...

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Maersk Launches USD 1.5 Bn Share Buyback Program

Denmark

Danish A.P. Møller – Mærsk A/S has decided to initiate a share buy-back program of up to DKK 10 billion (around USD 1.5 billion).The company said that the buyback would cover a maximum of 3.12...

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CSSC Taps ‘Virus Bonds’ to Raise USD 717 Mln

China

Chinese shipbuilding giant China State Shipbuilding Corp. has raised CNY 5 billion (USD 717 million) from domestic investors intended for curbing the impact of the coronavirus outbreak.For this...

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Jan De Nul to switch dredging vessels to 100% renewable fuel

Belgium

Belgium’s Jan De Nul Group has announced that it is considering switching its dredging vessels to 100% biofuel, following a successful trial last year. Since the end of 2019, the company’s first...

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DEME And Partners Present Hyport®Duqm, A Large-Scale Green Hydrogen Project In Oman

Belgium

DEME Concessions and Omani partners are announcing an exclusive partnership to develop a world leading, green hydrogen plant in Duqm, Oman. The facility will significantly contribute to the...

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First Of Seamade’s Two Offshore Substations Sets Sail To The Belgian North Sea

Belgium

The first of two offshore substations for the SeaMade offshore wind farm left the construction yard in Hoboken for its final destination in the Belgian North Sea. The 1,200 tonne substation has...

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Mercantile & Maritime to Comply with US Sanctions against Rosneft Trading

Singapore

Singapore-based tanker owner Mercantile & Maritime is planning to end its shipping of Venezuelan oil for Rosneft in line with the sanctions imposed by the United States against the Russian oil...

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Allseas to convert drillship to nodule mining vessel

Switzerland

Swiss-based offshore contractor Allseas Group S.A. has acquired the former Petrobras ultra-deepwater drillship Vitoria 10000 for conversion to a polymetallic nodule collection vessel. She is 228 m...

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Royal IHC’s new digital Service IRIS is available now

Netherlands

Royal IHC introduces its new digital service IRIS, short for integrated and remote intelligence solutions. IRIS is a global connected platform that provides IHC customers with operational...

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DEME Group and Liebherr have completed the installation of the boom of the new HLC 295000 on the “Orion”

Belgium

The time has come. Our TCC 78000 as well as specialists from DEME Group and Liebherr have completed the installation of the boom of the new HLC 295000 on the “Orion”. Check out the amazing pictures we...