More confidence-building policy measures are needed to inspire greater amounts of financing for wind power projects, the European Investment Bank says. The EIB said attendees at a wind energy conference it organized in Hamburg, Germany, last week heard that financiers are acknowledging wind power pr
Cargotec has received an order for four all-electric, Kalmar E-One2 rubber-tyred gantry (RTG) cranes from Allcargo Logistics in India. The RTGs are scheduled to start operations in April next year. The order has been booked in the second quarter of 2011. Rapid growth in container traffic moving thro
Saipem has agreed the acquisition of 100% of TPG (Terminal Portuário de Guarujá S.A.), a company which fully owns, as a perpetual concession, an area of 35 hectares in Guarujá, within the industrial hub of Santos, the largest port of South America, in the state of São Paulo. The area is strategicall
Odyssey Marine Exploration, Inc. , a pioneer in the field of deep-ocean shipwreck exploration, announced that it has discovered a shipwreck that was torpedoed during the World War I while carrying a shipment of silver. The SS Mantola sank on February 9, 1917, after being torpedoed by German submarin
E.ON Ruhrgas UK E&P Ltd., operator of Licence P1330, announces a gas discovery on the Tolmount prospect. The discovery is located in Block 42/28d in the UK Southern North Sea to the west of the E.ON-operated Babbage gas field. E.ON Ruhrgas UK E&P Ltd. and partner Dana Petroleum (E&P) Limited (a whol
AECOM has developed an innovative technology to survey critical marine habitats that could be at risk from development. HabiMAP allows engineers and scientists to collect data and map animals and plants on the seafloor using a cutting-edge technique that integrates new survey methods, a purpose-buil
Safe Bulkers, Inc., announced today that it has entered into a new period time charter for a 82,000 dwt, Chinese built, Kamsarmax class vessel, for a duration of 24 to 27 months, with a forward delivery date within the second or the third quarter of 2012, at a gross daily charter rate of $13,250, [&
Cal Dive International, Inc. announced that an amendment to its credit facility, which matures in April 2016, has been approved. In connection with the amendment, the primary financial covenants included in the credit facility will be amended, and the size of the revolving credit facility will be re
Alicat Workboats Ltd. has seen the launch of its sixth vessel since being set up just over two years ago, establishing itself as a market leader in providing state-of-the-art catamarans to the offshore renewables sector. The high speed aluminium built vessels are specifically designed to quickly and
The Lewek EMAS, the latest and largest floating production, storage and offloading (“FPSO”) vessel co-owned by EOC Limited, has successfully achieved first oil in Vietnam’s Chim Sao field on 10 October 2011. This milestone marks the commencement of the vessel’s US$1 billion charter contract with Pre
The Lewek EMAS, the latest and largest floating production, storage and offloading (“FPSO”) vessel co-owned by EOC Limited, has successfully achieved first oil in Vietnam’s Chim Sao field on 10 October 2011. This milestone marks the commencement of the vessel’s US$1 billion charter contract with Pre
RAMSEY Bay has been designated as the Isle of Man’s first Marine Nature Reserve in a project welcomed by government, fishermen and Friends… By Bill Dale (isleofman) [mappress] Source: isleofman, October 10 , 2011;
The Saudi coast of the Red Sea covers more than 11° latitudes featuring decreasing nutrients, decreasing mean annual SST and increasing salinity from S to N making it an ideal setting to investigate naturally varying water parameters on coral reefs. During a 4 week land-based expedition (16.Septembe
CGGVeritas provides its vessel utilization and its fleet allocation updates for the third quarter of 2011. Vessel utilization for the third quarter 2011: -The vessel availability rate was 91% including initial shipyard of the Champion for upgrades as part of our performance program. This compares to
