Cargotec Corporation and Nordic Investment Bank have signed an eight-year loan agreement totaling EUR 50 million for financing the acquisition of Aker Solution’s mooring and loading systems unit finalised at the end of January 2014. The division employs about 370 people in Europe, Asia and the Ameri
Autonomous Surface Vehicles (ASV) Ltd has announced the company’s plans to break into the North American Unmanned Marine Systems industry. The move comes as the result of unprecedented success in the European and Asian markets where ASV has established itself as the lead Unmanned Surface Vehicle (US
Shoalhaven is set to become the State’s latest recreational fishing hotspot, with the final location for the South Coast’s first offshore artificial reef unveiled yesterday by the NSW Minister for Primary Industries, Katrina Hodgkinson, and Member for Kiama, Gareth Ward. Ms. Hodgkinson said the Sout
The fishing industry will be the main beneficiary of the next major project in the continuing development of Lerwick Harbour where the construction of a large new jetty at Holmsgarth North is due to begin in the third quarter this year. It will provide deeper berthing and more working area for the f
Norwegian Electric Systems (NES) supplies the complete diesel electric system including the QUEST® system to Fafnir Offshore’s next vessel. NES recently got the contract for the hybrid battery diesel electric propulsion system for hull no. 126, a HD833 WE ICE platform supply vessel, with delivery in
Government efforts to restore the ecological health of Lake Okeechobee and the St. Lucie and Caloosahatchee estuaries are under fire from Florida environmental groups. The projects on the table are well-intentioned, say several organizations. But the astronomical costs and unrealistic projections wo
In March 2014 the enterprises of the Freeport of Riga handled by 26,7% more various cargo than in March 2013, and evaluating the first quarter of this year it is evident that the total cargo turnover has increased by 21.7%. Overall, 9.92 million tons were handled within three months, and it is the m
Detailed application plans for the Fehmarnbelt fixed link have been put on display to the German public by the authorities in Schleswig-Holstein. As is the practice in Demark, the German regulatory approval process for the Fehmarnbelt project is conducted in full transparency and dialogue with all s
The U.S. Army Corps of Engineers, in partnership with the New York City Department of Parks and Recreation and the National Park Service, is finishing the second and final phase of the Plumb Beach Coastal Storm Risk Reduction Project in Brooklyn. The project is designed to reduce risk to the Belt Pa
The Department of Environmental Protection’s Office of Ecosystem Projects introduced a consolidated Environmental Resource Permit, or ERP, to the United States Army Corps of Engineers for the Herbert Hoover Dike (HHD) Repair and Rehabilitation Project (R&R Project). The permit authorizes constructio
A new NOAA National Ocean Service website will provide mariners near real-time coastal ocean surface current observations and tidal current predictions in coastal waters using high frequency (HF) radar, making marine navigation safer for mariners and commercial shippers. The web-based observations a
Detailed application plans for the Fehmarnbelt fixed link have been put on display to the German public by the authorities in Schleswig-Holstein. As is the practice in Demark, the German regulatory approval process for the Fehmarnbelt project is conducted in full transparency and dialogue with all s
Overcoming the rough sea state, BGP Challenger successfully completed a 2D survey for Spectrum offshore Namibia with 123km average daily production and zero downtime. Howard Nicholls, Geophysical Advisor of Spectrum, said: “Thank you from me for a job well done. The data is already looking very good
SBM Offshore announces that it has been honoured with the prestigious Spotlight on new Technology award at the 2014 OTC conference in Houston. As a leading pioneer in floating production and mooring systems, SBM Offshore continually pushes the limits of technology to deliver higher performing, more
