UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Napier Port has taken delivery of four new Kalmar container handling machines after a comprehensive procurement process that was aligned to the port’s emissions reduction strategy and wider sustainability objectives.
Ballast water management solutions provider Bawat Water Technologies and Damen Green Solutions, a member of the Dutch Damen Shipyards Group, have signed a Term Sheet to create a joint venture in the field of ballast water treatment systems. The joint venture will merge Damen’s InvaSave program with
Independent renewable power producer Qair and the Republic of Seychelles’ Public Utilities Corporation (PUC) have signed a power purchase agreement (PPA) for a 5.8MWp floating solar project, the first in the history of the Seychelles.
elkon, an Istanbul-based electrical systems integrator for the marine industry and a part of the Schottel group, has awarded Leclanché, a Swiss energy storage solutions company, with the contract for two Navius MRS-3TM 1.1 MWh capacity battery storage systems. The battery technology will be supplied
Japan Engine Corporation (J-ENG) has signed a technical agreement to promote the development and popularization of next-generation fuel engines with compatriot Akasaka Diesels Limited (Akasaka).
Ferrovial, through its construction division, has secured a contract for the construction of a 1.7MWp floating solar plant in Madrid’s municipality of Torrelaguna in Spain.
French engineering company Technip Energies has secured a contract with Shaanxi Yanchang Petroleum Group and Shaanxi Gas Group for the 3 million cubic metres per day Xi’An LNG Emergency Reserve & Peak Regulation project in China. The company described the contract as significant, which means it repr
Australian company Wave Swell Energy has retrieved its UniWave200 wave energy device after being deployed for over two years off the coast of King Island in Tasmania.
Eco Wave Power has entered into an official power purchase agreement (PPA) with the Israeli National Electric Company (IEC) for the newly installed wave energy project at the Port of Jaffa in Tel Aviv.
Baker Hughes has received an order from QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project. The order, described by Baker Hughes as major LNG order, will be booked in the first quarter of 2023. The ordered MRCs are part of two LNG mega trains repres
Hartek Solar has secured a contract from SJVN Green Energy to build a 22MW floating solar project in India’s northern state of Himachal Pradesh.
Marine construction and operations contractor Ocean Installer and energy technology company Baker Hughes have formalized an alliance to deliver an integrated subsea engineering solution said to provide efficiencies from project appraisal through to operations. The new global agreement is expected to
Finnish technology group Wärtsilä has been contracted by the Hyundai Heavy Industries (HHI) shipyard to supply the cargo handling and integrated fuel gas supply systems for very large ethane carrier (VLEC) vessels. The order, booked by Wärtsilä in Q1 2023, is for two VLECs being built for Japanese s
