Ocean Power Technologies (OPT) has recorded net loss for the three months ended January 31, 2015 (Q3) of $2.2 million, compared to a net loss of $0.8 million in the corresponding period in 2013. According to OPT, the increase in the company’s net loss year-over-year primarily reflects increased prod
Italdraghe, the long-standing Italian dredger builder, is presenting its BD excavator dredging head at this week’s Europort Show in Istanbul (11-14th March). The dredging head can be used with all types of hydraulic excavators, either land-based or floating ones. It is especially suited to work in n
Statoil has chosen Maritime Communications Partner (MCP) to deploy and operate their high speed 4G-network on the Norwegian Continental Shelf (NCS). Statoil and MCP have signed a six years contract with an option to extend for another four years. With that MCP will immediately start building the wor
VolkerWessels has achieved a good result in 2014: Operating profit (EBITDA) grew by €37 million to €228 million, with fractionally lower operating revenue, net profit rose to €121 million, an increase of €31 million compared to 2013. Multi-year contracts, mainly in management and maintenance, create
EMAS, a global offshore contractor with a fleet of support and construction vessels, has chosen Orange Business Services to digitally transform its communications infrastructure. In addition to renewing the network services agreement, Orange Business Services will deploy Unified Communications as a
WeSubsea recently released two new versions of its award-winning titanium ROV dredger systems, the new Titanium 8″ and 10″ High Capacity ROV Dredgers. The new ROV Dredgers have been developed to be used on rock dumps consisting of larger rocks, or seabed with natural rocks. WeSubsea’s highly efficie
The New Suez Canal is the name of a new waterway project in Egypt, expanding the existing Suez Canal between the Mediterranean Sea and the Red Sea. This program is part of the Suez Canal mega project, which includes the development of several seaports in the three governorates bordering the canal, S
Kongsberg Maritime has launched an advanced MK-II version of its EM® 710 multibeam echo sounder. The new EM 710 MK-II increases range and swath coverage over the original EM 710 by up to 40%. The EM 710 MK-II has a maximum range of approximately 2800m, a significant improvement over the original ver
Wave energy developer Carnegie Wave Energy Limited announced that the third and final CETO 5 wave energy unit has been successfully installed and is operating at its Perth Wave Energy Project site off Garden Island, Western Australia. The third CETO 5 unit was installed successfully at the project s
Kongsberg Maritime has launched an advanced MK-II version of its de facto industry standard EM® 710 multibeam echo sounder. The new EM 710 MK-II sets new standards for seabed survey by increasing range and swath coverage over the original EM 710 by up to 40%. Like its predecessor, The EM 710 MK-II i
Royal Boskalis Westminster N.V. (Boskalis) achieved net profit of EUR 490 million in 2014 (2013: EUR 366 million). Revenue rose by 1 per cent to EUR 3.2 billion (2013: EUR 3.1 billion). EBITDA rose by 25 per cent to EUR 946 million (2013: EUR 757 million) and the operating result (EBIT) was up 41 pe
For offshore operators, a 4D geo-spatial data acquisition system with data visualisation in real-time is now available for the Seaeye Sabertooth AUV. Its full capabilities were demonstrated to representatives of twelve companies from seven countries, together with the Danish Navy, in Saab’s underwat
Preparations for the February 2016 arrival of the new ferry MV Legionnaire are currently underway, announced the Government of Newfoundland and Labrador. Regarding this, tenders are being released for required wharf upgrades for Portugal Cove and Bell Island. The new ferry, which is being constructe
A brand new sea defense at Anchorsholme will provide more flood protection to 4,500 homes nearby and local residents are beginning to see how the finished product will look. The new 1km seawall stretches from Little Bispham to Kingsway and has been secured thanks to funding from the Environment Agen
