Company & People News/Dredge Mining
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Rauma Marine Constructions provides greater certainty over timeline of new Spirits of Tasmania

Australia

A new shipyard chosen to build the next Spirits has already provided more detail on the timeline of the new vessels than was known under the previous contract. It was revealed on Thursday Finnish...

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Seaspan Wraps Up Reorganization

China

Hong Kong-based containership operator Seaspan Corporation and Atlas Corp have announced the closing of Seaspan’s previously announced holding company reorganization to create a new holding company,...

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Liners, Terminal Operators to Become Shareholders of Global Shipping Business Network

Nine ocean carriers and terminal operators have signed a shareholders’ agreement indicating their intention to become shareholders of the proposed Global Shipping Business Network (GSBN).The...

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Höegh LNG Settles USD 23.7 Mn LNG Boil-Off Dispute with Total

Norway

Norwegian shipowner Höegh LNG has reached a commercial agreement with French energy major Total to settle the boil-off dispute regarding Neptune and Cape Ann, the two LNG regasification vessels.As...

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Ørsted Backs Offshore Wind and Seaweed Farms Combo Project

Netherlands

Ørsted has signed a Letter of Intent (LoI) with the Dutch non-profit organization Stichting Noordzeeboerderij to together work on combining offshore wind and nature-inclusive seaweed farms.The...

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Damen Shiprepair & Conversion Undertaking Oceanxplorer Rebuild

Netherlands

Rebuilt vessel will further understanding of world’s oceans and enrich human existenceDamen Shiprepair Rotterdam (DSR) will soon deliver oceanographic research vessel OceanXplorer to OceanX following...

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Pioneer Marine CEO Steps Down

Greece

Torben Janholt, Chief Executive Officer of the dry bulk shipping company Pioneer Marine Inc. is retiring from his role effective today.He has been a member of the Pioneer Marine board of directors...

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Finnlines Reports Stable Result Despite Lower Volumes

Finland

Last year was profitable for Grimaldi’s RoRo and passenger company Finnlines despite a decline in cargo volumes.The company’s result for the reporting period was EUR 98.3 million (USD 107.5 million),...

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Pacific Basin Eyes Further Second-Hand Acquisitions, Staying Clear of Newbuilds

China

Hong Kong-based dry bulk shipping company Pacific Basin is keen on enlarging its fleet, but is staying clear from ordering newbuilds keeping a focus on smaller second-hand bulkers.“We will continue...

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Teekay Returns to Black

Bermuda

The fourth quarter of 2019 marked a return to profitability for Teekay Corporation, as the company booked a consolidated adjusted net income of USD 31 million compared to an adjusted net loss of USD...

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Flex LNG Enjoys ‘Best-Ever’ Financial Results

Bermuda

Bermuda-based LNG carrier owner Flex LNG announced its best-ever financial results with a net income of around USD 24 million for the fourth quarter of 2019.This compares to USD 15.2 million...

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Ocean Yield Wins Arbitration case against Okeanis

Norway

Oslo-listed Ocean Yield has won an arbitration case related to the purchase options of four very large crude carriers (VLCCs) exercised by Greek shipping company Okeanis ECO Tankers.Namely, in...

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Royal IHC to supply integrated power cablelay spread

Netherlands

Global Marine Group has awarded Royal IHC (IHC) a contract for the design and delivery of an integrated power cablelay spread. This will be installed on its newly chartered vessel, NORMAND CLIPPER....

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Witt O’Brien’s Acquires Navigate

WASHINGTON, DC / LONDON / SINGAPORE, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Witt O’Brien’s, LLC, a subsidiary of SEACOR Holdings Inc. (NYSE: CKH) (“SEACOR”), announced today the acquisition of the...

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DP World Acquires Multipurpose Deep-Sea Marine Terminal in Canada

United Arab Emirates

Dubai-based port operator DP World has completed the acquisition of Fraser Surrey Docks, the largest multipurpose deep-sea marine terminal on the West Coast of North America.DP World bought the...