Swedish tidal energy developer, Minesto, has received an improved quarter-scale composite wing that will be used for its Deep Green technology testing.
The Nobelwind offshore wind farm has reached two milestones with the last week of October, when the first MHI Vestas wind turbine was installed and the offshore high voltage substation (OHVS) powered, according to Parkwind’s social media pages. The OHVS for the Belgian offshore wind project, also kn
TraPac, an operator of the second largest marine terminal at the Californian Port of Oakland, has received approval from the US Board of Port Commissioners for the expansion project that would nearly double the size of the terminal. TraPac said it is now ready to begin construction on a 57-acre expa
Optime Subsea Services has signed a contract with an undisclosed US-based customer to supply a new hyperbaric testing system (HTS) that simulates hydrostatic pressures found at water depths up to 14,000 meters. The 20,000 psi hyperbaric pressure vessel will be manufactured at Optime Subsea Services
The issuer rating of one of Japan’s Big Three shipping companies, Nippon Yusen Kabushiki Kaisha (NYK Line), has been downgraded to Baa3 from Baa2 with negative outlook, according to ratings agency Moody’s Japan K.K. Consequently, the company’s earnings recovery has been and will likely remain much s
A new plan setting out Ireland’s Marine Research & Innovation Strategy for the period 2016 – 2021 has been made available for public consultation.
LNG, although seen as the future fuel for marine transport and the next step in reducing the shipping industry’s greenhouse gas emissions, could be worse for the environment than burning heavy fuel oil, head of the Association of Bulk Terminal Operators said.
Norwegian transmission system operator (TSO) Statnett and Germany’s DC Nordseekabel GmbH, a 50:50 joint venture between TenneT TSO and KfW, have applied for a EUR 800 million loan with the European Investment Bank (EIB) to partially fund the construction of the 1.4GW NordLink high voltage direct cur
Norwegian transmission system operator (TSO) Statnett and Germany’s DC Nordseekabel GmbH, a 50:50 joint venture between TenneT TSO and KfW, have applied for a EUR 800 million loan with the European Investment Bank (EIB) to partially fund the construction of the 1.4GW NordLink high voltage direct cur
Credit Rating’s agency Standard and Poor’s has downgraded its corporate credit rating on Houston-based offshore drilling company Diamond Offshore Drilling Inc. to ‘BB+’ from ‘BBB’. The rating outlook is negative. S&P pointed to the persisting weak conditions in the global offshore drilling industry,
In an effort to expand its presence in Norway, the Reykjavik-based shipping company Eimskip has reached an agreement to acquire the Norwegian shipping and logistics company Nor Lines. The company now plans to restructure Nor Lines’ business in order to improve its services and profitability by align
More than 30 Lyttelton locals and some berth holders from the inner harbor pile moorings visited Lyttelton Port of Christchurch’s information cabin Port Talk, located on Lyttelton’s main street, last week to find out more about the latest port’s development projects. Recently, LPC announced that it
By Ron Bousso LONDON (Reuters) – Top oil companies including Saudi Aramco and Shell will join forces to set up an investment fund to develop technologies to cut carbon emissions and promote renewable energy, sources said on Wednesday. The chief executives of seven oil and gas companies — BP, Eni, Re
Italian shipbuilding group Fincantieri and Shanghai-based shipyard Huarun Dadong Dockyard (HRDD) have expanded their recently signed collaboration agreement as the two companies gear up for their first joint project. In March 2016, the duo agreed cooperation related to repair and conversions of Chin
