Search results for: race bank

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  • Three Seadrill rigs joining Singapore player’s fleet

    21 June 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Edrill is expanding its rig fleet thanks to a deal with Seadrill, which will enable it to buy three tender-assist drilling units.

  • Cooper River Improvements Involved Dredging

    13 August 2015
    Business & Finance

    As rowers from around the country arrive to Cooper River in Camden, N.J. for the 2015 USRowing Masters National Championships many will notice the notable improvements made to the venue. After the 2013 USRowing Masters National were held in Camden, the park was closed for an entire year to develop the park into one of […]

  • On fleet expansion quest, Dolphin Drilling snaps up two Transocean rigs

    23 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Dolphin Drilling is in the process of buying two rigs from Transocean for a total of $61.5 million, plus an additional $3 million.

  • Indian Merolyn Thinks Large

    13 August 2012

    According to The Hindu, the Merolyn Engineering Works Pvt Ltd is in the race to supply six dredgers worth $600 million (nearly Rs 3,300 crore) to Bangladesh. Kakoli Mitra, the Managing Director of Merolyn, a Kolkata-based company, stated that along with Dutch shipbuilder IHC Merwede and infrastructure major Royal Infraconstru Ltd, Merolyn already bid for […]

  • Qiyao Enviro’s onboard carbon capture tech validated on Wan Kwong’s ships

    21 June 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Certification & Classification, Collaboration, Environment, Equipment, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Technology, Transition, Vessels

    Wah Kwong Maritime Transport Holdings, a Hong Kong shipowner, and Qiyao Environmental Technology (Qiyao Environ Tec), a subsidiary of Shanghai Marine Diesel Engine Research Institute, have secured an approval in principle from Bureau Veritas (BV) for a carbon capture and storage (CCS) project onboard two Wah Kwong vessels. The AiP follows a joint study led […]

  • In focus: CCS and renewables leading the energy transition race

    30 June 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Transition, Vision

    The summer holiday season doesn’t seem to be slowing down the activities of the global energy sector. Energy companies are still moving strongly towards a low-carbon and sustainable future, with carbon capture and storage (CCS) and renewables serving as the main topics of the conversation. TotalEnergies demonstrated its commitment to energy transition through two deals […]

  • Report: Hanwha, KSOE eye controlling stake in STX Heavy Industries

    28 December 2022
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Technology, Transition, Vessels, Vision

    South Korea’s defense and energy conglomerate Hanwha Group is reportedly looking to acquire a controlling share in compatriot marine engine maker STX Heavy Industries. Hanwha has set sights on buying a 47.81 percent share in the company from a local equity firm Pinetree Partners worth an estimated KRW 100 billion ($78.9 million), the Korea Economic […]

  • USA: GLDD Executes USD 175 Million Revolving Credit Facility

    8 June 2012

    Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, today announced it has closed on a $175 million five year revolving credit facility. Wells Fargo Bank, National Association, (“Wells”) acted as Administrative Agent, Swingline Lender and […]

  • Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

    30 May 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

  • Odfjell expands fleet with two newbuildings

    5 May 2023
    Green Marine, Vessels

    Norwegian shipping and tank terminal company Odfjell SE has concluded a deal for two additional newbuildings set for delivery in the first half of 2026. The order brings the company’s ordering tally to seven 26,000 dwt stainless steel vessels scheduled to be delivered on time charter between 2023 and 2026. The company has also declared purchase […]

  • River Windrush Bank Reinforced

    17 November 2016
    Business & Finance

    An Environment Agency field team has recently finished re-aligning the Newbridge Cut away from the River Windrush. In addition to this the team is reinforcing the bank of the River Windrush near Standlake in Oxfordshire. The work forms part of a program of maintenance works in the Thames Valley to ensure that rivers and assets remain […]

  • Singapore continues to be the world’s leading maritime centre

    12 July 2021
    Certification & Classification, Infrastructure, Outlook & Strategy, Ports & Logistics

    Singapore has been ranked as the top global shipping centre for the eighth year running, a new report found.

  • LSU: New Study on Channel Sediment Build Up

    11 May 2016
    Business & Finance

    When the banks of a marsh channel accumulate sediment at a faster rate than relative sea level rise, it may seem like the marsh is resilient, Louisiana State University said in its latest paper. The new study proposes a new framework to look at sediment fluxes in marsh channels that takes into account the natural process of […]

  • Napolitano Fights for the Harbor Maintenance Funds

    11 April 2019
    Business & Finance

    House Transportation and Infrastructure Water Resources and Environment Subcommittee Chairwoman Grace F. Napolitano (D-El Monte) yesterday made an interesting statement on the Harbor Maintenance Trust Fund and Inland Waterways. She delivered the following opening statement during the hearing titled: “The Cost of Doing Nothing: Why Full Utilization of the Harbor Maintenance Trust Fund and Investment in […]

  • EEC shares insights on overcoming hurdles in permitting process for recycling of 1st ship

    29 May 2023
    Authorities & Government, Business & Finance, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    Netherlands-based ship recycling startup Elegant Exit Company (EEC) has received a green light from the Supreme Council for Environment (SCE) in Bahrain, a government entity in charge of the country’s environment strategy development, to move forward with the recycling of its first vessel. Elegant Exit Company (EEC) is on a mission to change the ship recycling industry by converting old ships into […]

  • Shell on decarbonisation quest plans to dish out $10-15 billion in low-carbon energy by 2025

    14 June 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.

  • APM Terminals’ Portfolio Ready to Handle Expected Trade Growth

    24 June 2014
    Business & Finance, Equipment, Technology

    The World Bank’s Global Economic Prospects 2014 report, released last week, projects a sharp increase in the projected annual growth rates for the volume of world trade for the next three years, which the geographically balanced APM Terminals Global Terminal Network is notably well-suited to accommodate. The overall global economic growth rate has been forecast […]

  • GMS rejects takeover offer from Seafox

    4 May 2020
    Business & Finance, Vessels

    Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox, […]

  • UK: Flood Work Improvements Begin on Parrett and Sowy Defences

    6 June 2013
    Business & Finance

    Construction work will begin this week on improvements to the 4.2 kilometres of the flood defences on the River Parrett between Willow Bridge near Stathe and Monks Leaze Clyse, near Combe. The works will involve raising sections of the right bank of the River Parrett between Allermoor Spillway and Beazley’s Spillway by up to 200mm […]

  • Bahri’s Q1 2020 earnings soar amid higher rates

    24 April 2020
    Business & Finance

    The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges. The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 million recorded in the same period […]

  • Worst case scenario could bring about $ 23 billion loss for carriers

    6 April 2020
    Outlook & Strategy

    Blanking of sailings triggered by the demand drop from the coronavirus pandemic could result in a USD 23 billion collective loss for container carriers in the worst-case scenario, Copenhagen-based consultancy Sea-Intelligence predicts. This scenario is based on the freight rates decline experienced by carriers in 2009 and is being made on the back of a […]

  • With peak oil demand in sight, is the end of the black gold era really approaching?

    15 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.

  • CDB Leasing splashes $137 million on Oldendorff’s sextet

    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 […]

  • VIDEO: Watermaster’s Applications in Mining Industry

    17 July 2013
    Business & Finance, Equipment, Technology

    Watermaster has presented a new video about its applications in the mining industry. These main applications are: 1. Slimes removal – removing mineral sediments, slimes, from process ponds to keep them from clogging the pumps and lowering the production rate; – slimes removal from rain/groundwater ponds in open pit mines. 2. Recovering valuable materials – […]

  • AEG bags Dogger Bank A & B contract with Aibel

    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 […]