RHB adds second heavy-lift crane in port of Rotterdam
PRESS RELEASE – Rotterdam stevedore company RHB Stevedoring & Warehousing has bought a second mobile shore crane for loading and unloading of heavy-lift, offshore and project cargo. The company has purchased a Liebherr LHM 550...Read more
Maersk Decom wins first “end-to-end” decommissioning contract
PRESS RELEASE – Maersk Decom has won its first complete end-to-end plugging and abandonment decommissioning contract since the joint venture was established in 2018. The contract was awarded by Tullow Oil and concerns the Banda...Read more
Mammoet and LADOL create project cargo hub in Lagos
PRESS RELEASE – Nigerian company Lagos Deep Offshore Logistic Base (LADOL) and Mammoet, the global have signed a strategic partnership aimed at expanding LADOL’s project cargo capacity for industrial sectors in West Africa. The partnership will enable...Read more
OPEC agrees on further production cuts
OPEC and its partners have agreed to further cut production by 500,000 barrels per day in the first quarter of 2020, bringing their new combined cuts to 1.7 million barrels per day. The decision was...Read more
Amsterdam IJmuiden Offshore Ports appoints Sylvia Boer as new director
PRESS RELEASE – Sylvia Boer (37) has been appointed as the new director of Amsterdam IJmuiden Offshore Ports (AYOP) and will take up her role on 1 February 2020. She will serve as the linchpin...Read more
Jan De Nul switches to renewable fuel in Benelux, urges industry to follow
PRESS RELEASE – Jan De Nul Group is switching fuels aboard its dredging vessels in the Benelux. Trailing suction hopper dredger Alexander von Humboldt will be the first vessel of the company to completely switch...Read more
Kvaerner reports high revenues but warns for lower rates in 2020
Norwegian EPC-contractor Kvaerner has booked high revenue and order intake in the third quarter of 2019. However, CEO Karl-Petter Løken warns of a poorer year ahead. Kvaerner’s revenue increased sharply from USD 185 million in the...Read more
Spliethoff orders new transport and installation vessels
PRESS RELEASE – Spliethoff has recently signed a contract with Mawei Shipyard for the newbuild of two DP2- B-type vessels. The versatile characteristics of Spliethoff’s new B-Type make this vessel unique in the market, the...Read more
French banks want to buy troubled Bourbon
A group of French Banks have placed a takeover offer to buy the also French and insolvent OSV giant Bourbon. The financially troubled company this morning asked Euronext Paris to suspend the listing of its...Read more
Bourbon Offshore vessel sinks in Atlantic, 11 crew still missing
Eleven crew members from the tug supply vessel Bourbon Rhode are still missing, after the vessel sank in the Atlantic ocean. The ship was en route to Georgetown in Guyana when it got hit by...Read more
Heerema’s Sleipnir sets new world record lifting 15,300 tonnes
Heerema has set a new world record lifting a module of 15,300 tonnes with its new heavy-lift vessel Sleipnir. Such a load has never been lifted by a crane vessel before. The record was set while...Read more
Sleipnir’s mighty cranes require mighty parts
Pintsch Bubenzer has installed a new type of brake on the two 10,000-metric ton cranes of Heerema’s Sleipnir, the world’s new largest crane vessel. The manufacturer claims it provides 35% more torque than other brakes...Read more
Maersk’s new decommissioning business lands first gig
Maersk’s new offshore decommissioning business, Maersk Decom, has secured its first commercial contract. Perenco has booked the company to remove and recycle the subsea infrastructure of its Thames field in the UK North Sea. The project...Read more
Baker Hughes sees LNG orders increase by 32%
General Electric’s oil field services provider Baker Hughes beat expectations for the second quarter thanks to strong growth in the LNG market. The company booked USD 6.6 billion in orders and recorded an operating income...Read more
“Offshore project sanctioning ready to reach heights not seen since the USD 100 barrel of oil”
Offshore project sanctioning in the oil and gas industry has already surpassed the USD 50 billion mark in 2019, nearing the investment level of 2014. “This is yet another signal that the offshore industry has...Read more
DP World acquires offshore giant Topaz Energy for USD 1 billion
DP World has bought offshore logistics provider Topaz Energy and Marine for USD 1,079 million. With the acquisition, the Saudi-Arabian terminal operator wants to strengthen its position in maritime logistics services and explore new business...Read more
Pioneering Spirit removes another topside
The Pioneering Spirit has removed another platform topside. With a weight of 3,800 tons, the Valhall QP topside is the lightest one yet. The Valhall QP platform removal is the first job for Allseas under a...Read more
Blue Water readies for growth in Caspian region
Blue Water Shipping has expanded its presence in Kazakhstan with a new office in Atyrau. With the expansion, the company strengthens its presence in the Caspian region which is important for its oil and gas...Read more