The Belgian dredging and offshore installation firm DEME said Friday it had secured its largest ever dredging and land reclamation contract.The contract is for work for the Abu Qir port project in Egypt. The project will see the deployment of DEME’s giant new cutter suction dredger ‘Spartacus’.
Dutch shipbuilder Concordia Damen said Friday it has signed a contract for 40 eco-friendly dual-fuel barges with institutional investors advised by J.P. Morgan Asset Management. The barges will be chartered by Shell and operated by the VT Group/Marlow. Frachtcontor Capital Partners was the broker for the deal.The 110- by 11.
CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME has taken the Final Investment Decision (FID) for the construction of ‘Green Jade’, which is the first DP3 heavy lift and installation vessel to be built in Taiwan.The Green Jade, with its 4,000-tonne crane capacity and DP3 capability, will serve the offshore wind market, and according to the JV
The 219 MW Northwester 2 wind farm has been completed and is now supplying the Belgian grid electricity by all of its 23 fully operational wind turbines producing 9,5 MW each. This wind farm, owned by Parkwind (70%) and Sumitomo (30%) is the first to use the MHI Vestas V164-9.5 MW turbines in commercial operation. The first turbine was installed in December 2019.
Leading tanker operator Euronav posted record high first-quarter results on Thursday and expects strong demand for oil storage at sea to continue in 2020, driving its shares up 8.5%.The world is still struggling with an oil glut due to a drop in demand caused by the coronavirus even after top oil producing countries have cut output.
CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME, has initiated the early works contract for the very first floating heavy lift and installation vessel to be built in Taiwan.To be named ‘Green Jade’, the vessel will be built at CSBC in Taiwan for delivery in 2022 for deployment in the growing local offshore wind market.
The Dutch government said on Thursday it is providing ailing shipbuilder Royal IHC with a lifeline of up to almost 400 million euros ($435 million), enabling the company's takeover by a consortium of marine companies and investors from Benelux countries.IHC had been looking for fresh capital since the summer of 2019 as it grappled with mounting debt and heavy losses on tailor-made ships.
Belgian tanker owner Euronav said Friday it has entered into an agreement to acquire a resale very large crude carrier (VLCC) for $93 million.The modern eco-tanker is currently under construction at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea and is due for delivery early in the first quarter of 2021, Euronav said.
Norwegian technology firm Kongsberg announced it will install and test autonomous ship technologies on two vessels in Europe's inland waterways and short sea coastal shipping routes.The AUTOSHIP project will aim to test and further develop key technology linked to fully autonomous navigation systems, intelligent machinery systems, self-diagnostics, prognostics and operation scheduling
Belgian tanker operator Euronav reported record-high second-quarter earnings on Thursday but warned that floating storage demand had eased sooner than it expected.The company, which operates shipping and storage of crude oil, benefited from soaring demand for oil storage at sea as buyers struggled to find storage space on land for surplus crude during a global economic slump caused by the
ECA Group awarded UMS SKELDAR a procurement contract to supply the UAV SKELDAR V-200 as part of the naval mine countermeasures capability replacement, a program led by Belgium Naval & Robotics – a consortium including Naval Group and ECA Group – which will supply 12 mine hunters equipped with drone systems (Toolbox) to the Belgian and Royal Netherlands navies.
Belgian shipping and offshore company Exmar outlined its leadership succession plan following the April 4 death of board chairman Baron Philippe Bodson due to the novel coronavirus.Nicolas Saverys, previously CEO of Exmar, will take up the position of executive chairman of the board of directors, and Francis Mottrie, deputy CEO of the Exmar Group, as been appointed as CEO.