A special Nominations Committee has selected five trustees to head Green Purposes Company (GPC), a newly incorporated shareholder unit within Green Investment Bank (GIB), set up to ensure its green investment obligations.
The Canal & River Trust announced yesterday that the drop-in event about plans to improve important wildlife habitats and historic features on the Pocklington Canal will take place on 17 November. The event, being held at Melbourne Village Hall, is a chance to understand the improvements that are se
Spanish LNG operator Gas Natural Fenosa reported a 15 percent lower net profit of 930 million euros (US$1.03 billion) in the January-September period when compared to a year ago. Earnings before tax and amortisation (Ebitda) for the nine-month period were 3.64 billion euros, down 6.8 percent on year
Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended September 30, 2016. For the three months ended September 30, 2016, Great Lakes reported revenue of $198.9 million, net income of $4.6 million and Adjusted EBITDA of $29.1 million. The company recorded
The engine room of the 1998-built containership Maersk Patras caught fire in the early morning hours of November 1 while the vessel was off the coast of Las Palmas, en route to Conakry, Danish shipping firm Maersk Line confirmed. “The fire was quickly controlled by the crew onboard and heat developm
Australia’s Macquarie Capital and Taiwan’s Ministry of Economic Affairs signed a Memorandum of Understanding which will see the Sydney-based company invest around USD 792 million in offshore wind projects in Taiwan over the next three years, the company’s chairman John Walker said in an interview wi
A Sennebogen 630 HD duty cycle crane has been supplied to Eberswalde Water and Shipping Authority (WSA) in Germany by sales and service partner Willing. As a federal agency, the Eberswalde Water and Shipping Authority (WSA) is responsible for the upkeep of the approximately 660km of federal waterway
In contrast to reports claiming that the use of liquefied natural gas (LNG) as a marine fuel can reduce the industry’s CO2 emissions by 75%, Ian Adams, the former CEO of the International Bunker Industry Association said that LNG is not a panacea to reducing greenhouse gas emissions. “Whilst it is w
The Floating Storage and Regasification Unit (FSRU) Höegh Grace, owned by Norwegian-based Höegh LNG, has been installed at a terminal in the port of Cartagena in Colombia. The FSRU is now ready to receive the commissioning cargo and to enter the commissioning phase, leading up to the start of commer
The state-owned Pakistan LNG is seeking the supply of 240 cargoes of liquefied natural gas in total through two separate tenders issued at the end of October.
Subsea inspection, maintenance and repair (IMR) provider, N-Sea, has agreed on a long-term charter of Siem Offshore’s subsea construction vessel (SCV), the Siem Barracuda. The vessel is equipped specifically for subsea IMR, survey and construction operations, featuring twin WROVs, moonpool deployed,
Danish oil company Maersk Oil posted a $145 million profit for the third quarter of 2016, an increase from $32 million profit achieved a year ago. The company said that the profit was positively affected by higher operational efficiency and lower costs. It reduced operating expenses excluding explor
Minesto has revealed that the results of quarter-scale sea trials of its Deep Green tidal technology correspond to full power production for a full-scale power plant.
Twenty one people lost their lives in a series of explosions aboard an oil tanker which was being dismantled at the Gadani shipbreaking yard in Pakistan, NGO Shipbreaking Platform’s spokesperson told World Maritime News. Out of the 60 workers who were injured in the accident which occurred yesterday
