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
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
Oceanflow Energy, a UK-based tidal energy developer, has completed the winter trials of their Evopod floating tidal energy device. The device was deployed in Sanda Sound, South Kintyre, UK from August 7, 2014. The aim of the trials was to demonstrate Evopod’s low motions and survivability characteri
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
Ocean Power Technologies has announced plans to deploy their APB-350 (A1) PowerBuoy wave device in summer 2015. The company stated the new PowerBuoy APB-350 (A1) will use the existing structure deployed in 2013, with a newly designed power take-off (PTO) system and upgraded components. The deploymen
Ocean Power Technologies, Inc. (OPT) will deploy its ABP-350 type of PowerBuoy in the summer of this year, the company’s President and Chief Executive, George H. Kirby, confirmed in the announcement of OPT’s third quarter results. OPT’s PB40 wave energy system that is currently in New Jersey will be
Since the 7th of August 2014 E35 has successfully completed six months of continuous deployment in Sanda Sound. The trials have demonstrated Evopod’s low motions and survivability characteristics in the moderately fast flowing (4 to 5 knots) tidal site, which in the winter months is also exposed to
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
High Wind NV has started the commercialisation of its Boom Lock© allowing the safe installation of all wind turbine components in winds of up to 15 m/s. The first Boom Lock© was completed in January, consequently installed on GeoSea’s Neptune, and has undergone its final performance trials last week
High Wind NV has started the commercialisation of its Boom Lock© allowing the safe installation of all wind turbine components in winds of up to 15 m/s. The first Boom Lock© was completed in January, consequently installed on GeoSea’s Neptune, and has undergone its final performance trials last week
Carnegie Wave has installed the third and final CETO 5 Unit off the Garden Island. The full array of three units is now operating at Perth Wave Energy Project site. Carnegie initially planned to retrieve the two deployed units for inspection prior to installing the third, but the company decided to
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
DTOcean will showcase the alpha version of the decision-making and planning tool for the development of tidal and wave arrays to pioneering project developers, utilities, OEMS, technology developers and supply chain actors. The workshop organized by DTOcean provides an opportunity for shaping the de
Siemens has launched a new alternating-current (AC) grid access solution for connecting near-shore wind power plants to the grid. The new solution consists of an offshore transformer module (OTM) attached directly to a wind turbine, and acts as a distributed transmission asset. Nominally rated in in
