Search results for: race bank

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  • 2 March 2021
    Business developments & projects, Equipment, Infrastructure, Technology

    NKT has finalised the manufacturing and delivery of the export cables and array cables for the 857 MW Triton Knoll offshore wind farm located in the North Sea east of Lincolnshire in the UK. The project comprises the manufacture of 100 kilometres of 220 kV HVAC offshore export cables and 144 kilometres of 66 kV […]

  • 25 February 2021
    Business & Finance, Business developments & projects, Regulation & policy, Rules & Regulation

    Polish manufacturer of steel foundations for offshore wind farms, ST3 Offshore – which declared bankruptcy in March 2020 – has been put up for sale by the Official Receiver of the company in insolvency. A tender has been issued for the sale of ST3 Offshore with a reserve price of the company amounting to PLN […]

  • 19 February 2021
    Business developments & projects, Exploration & Production, Infrastructure, Innovation, Market outlooks, Outlook & strategy, Technology, Transition

    As the world continues its race to a net zero future, identifying potential carbon and hydrogen storage sites as well as deep-sea mineral deposits will be vital to meet emissions abatement targets for 2050 and beyond. Existing and future marine seismic data can massively improve assessments of the seabed for offshore construction and installations of […]

  • 26 November 2020
    Business & Finance, Business developments & projects, Project & Tenders

    Norwegian state-backed Export Credit Guarantee Agency GIEK is providing loan guarantees for contracts awarded to Aibel and OHT for the UK’s Dogger Bank A and B offshore wind project, for which Equinor and SSE have now reached financial close. Aibel has won a contract to deliver two converter platforms for the 2.4 GW Dogger Bank […]

  • 8 January 2021
    Authorities & Government, Human Capital, Regulation & policy, Rules & Regulation, Safety, Vessels

    The Australian Maritime Safety Authority has issued its most severe banning to date to the master and operator of the Marshall Islands-flagged livestock carrier, Barkly Pearl last night. As informed, the Barkly Pearl was initially spotted on November 3rd, 2020 travelling through Australia’s northern waters with a large hole in its hull.   AMSA issued an intervention […]

  • 2 December 2020
    Business developments & projects, Project & Tenders

    Aibel has awarded AEG Power Solutions with a contract for the supply of its Protect 8 UPS and Protect RCS rectifiers to secure power on the HVDC offshore converter platforms for Dogger Bank A and Dogger Bank B. AEG PS will deliver two Protect RCS 110TPRE1200 rectifiers, two Protect 8 inverters 60KVA, distribution cabinets and […]

  • 17 November 2020
    Business & Finance, Vessels

    Hong Kong-listed China Development Bank Financial Leasing is buying six vessels from German shipowner Oldendorff Carriers GmbH & Co for $137 million. The vessels include six 60,000-ton bulkers, CDB Leasing said, adding that upon the completion of the transaction the vessels would be leased back to Oldendorff. “We are taking all ships back on a […]

  • 1 April 2021
    Business & Finance

    Japanese shipping major NYK has signed two sustainability-linked loan (SLL) agreements worth $840 million. The first loan, secured with Sumitomo Mitsui Banking Corporation is worth $600 million, will take the form of a revolving credit facility. The second loan, worth $240 million, has been obtained through a syndicate of several banks including Iyo Bank, Bank […]

  • 20 April 2021
    Business developments & projects, Outlook & strategy, Research & Development, Transition, Vision

    The multi-sector industry coalition SEA-LNG has answered the recently published World Bank’s report on LNG’s role in zero-carbon shipping.

  • 8 February 2021
    Business & Finance, Environment, Transition, Vessels

    German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million. The financing will be used for six ultra-large 23,500 TEU container ships, which were ordered in December 2020. The company said that the two deals include debut transactions according to the Green Loan Principles of the Loan Market Association […]

  • 26 January 2021
    Business & Finance, Business developments & projects, Exploration & Production

    Lundin Energy came up dry in the Bask prospect following results from an exploration well in the Barents Sea drilled with the West Bollsta rig.

  • 4 March 2021
    Business & Finance, Collaboration, Environment, Outlook & strategy, Regulation & policy, Rules & Regulation, Safety, Vision

    Swedish financial services group SEB has joined the Responsible Ship Recycling Standards (RSRS), a joint bank initiative for ensuring environmentally and socially responsible dismantling and recycling of ships.

  • 4 November 2020
    Business developments & projects, Human Capital, Market outlooks, Rules & Regulation, Safety

    Subsea UK has decided to postpone its underwater engineering event Subsea Expo due to the current coronavirus-imposed restrictions. The industry body announced today that the three-day conference and exhibition, along with the annual Subsea Awards dinner, will now take place on 25-27 May 2021. Neil Gordon, chief executive of Subsea UK, said: “Given the current […]

  • 13 November 2020
    Business & Finance, Market outlooks, Outlook & strategy, Vessels

    The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of the COVID-19 pandemic on the global economy. […]

  • 29 January 2021
    Business & Finance, Business developments & projects, Project & Tenders, Vessels

    Ezion Holdings has made plans to sell one of its liftboats for a total of $13 million, which will allow it to repay some of its bank loans.

  • 4 December 2020
    Business & Finance, Business developments & projects, Outlook & strategy, Transition

    Eni has entered into agreements with Equinor and SSE Renewables to acquire 10 per cent stake in Dogger Bank A and B from each, which will lead to a shareholding setup of SSE and Equinor each owning 40 per cent and Eni holding 20 per cent in the first two phases of what will become […]

  • 4 November 2020
    Business & Finance

    Ørsted has issued its second TWD denominated green bond in Taiwan to raise financing for its continuing investments in the Greater Changhua 1 & 2a offshore wind project. The new unsecured green senior bonds comprise a 7-year TWD 4 billion fixed-rate tranche, a 10-year TWD 3 billion fixed-rate tranche, and a 20-year TWD 8 billion […]

  • 2 March 2021
    Business & Finance, Business developments & projects, Environment, Infrastructure, Vessels

    Danish shipping company TORM has entered into an agreement to buy eight MR product tankers from Bermuda-based Team Tankers Deep Sea Ltd. for a total cash consideration of $82.5 million and the issuance of 5.97 million shares.

  • 20 November 2020
    Authorities & Government, Environment, Regulation & policy, Rules & Regulation, Transition, Vessels

    The Clean Arctic Alliance slammed the decision by the International Maritime Organization (IMO) to approve a ban on the use and carriage of heavy fuel oil in the Arctic (HFO), saying that it would leave the Arctic, its Indigenous communities and its wildlife facing the risk of a HFO spill for another decade. The ban […]

  • 5 February 2021
    Business & Finance

    Pacific International Lines has filed an application to the Singapore High Court to seek approval for the company’s proposed restructuring plan. Under the plan, Singapore’s container shipping major is vying for fresh financing from Heliconia Capital Management Pte, an investment firm owned by Temasek Holdings, and a re-profiling of the company’s debts by way of […]

  • 26 February 2021
    Business & Finance, Business developments & projects

    Italian oil and gas major Eni has completed the acquisition of a 20 per cent stake in the 1.2 GW Dogger Bank A and the 1.2 GW Dogger Bank B offshore wind farms in the UK. Eni bought the stakes from Equinor (10 per cent) and SSE Renewables (10 per cent). Following this transaction, the […]

  • 9 November 2020
    Business developments & projects, Collaboration, Outlook & strategy, Technology, Transition

    Norway-based maritime solutions provider Høglund Marine Solutions has, in collaboration with Germany’s HB Hunte Engineering, developed a tank concept for LPG and CO2 transportation, based on existing technology.

  • 18 December 2020
    Business & Finance, Outlook & strategy

    Shearwater GeoServices has signed new debt and guarantee facilities totalling $437 million, as part of the planned refinancing of the company’s maturing debt.

  • 23 April 2021
    Business & Finance, Business developments & projects, Outlook & strategy, Transition

    The Mauritius Commercial Bank (MCB) is facilitating Senegal’s transition to LNG for its electricity production through its $60 million participation in Karpowership operations.

  • 11 March 2021
    Business & Finance, Business developments & projects, Transition

    Greenpeace activists have staged a protest at the headquarters of the European Central Bank (ECB) in Frankfurt due to its support of fossil fuels companies.