Search results for: race bank

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  • GTT’s new containment system tech receives final approval

    2 July 2021
    Business Developments & Projects, Technology

    French LNG containment specialist GTT has received the final approval for its upgraded containment system technology from the classification societies Bureau Veritas, DNV and Lloyd’s Register.

  • Nova Innovation enters floating solar market, with first installation set for Scotland

    11 April 2023
    Business & Finance, Business Developments & Projects, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vision

    Scottish company Nova Innovation has expanded its tidal energy product portfolio with the addition of floating solar technology, announcing also plans for the installation of Scotland’s first array of floating solar panels later in 2023.

  • U-Ming: Sustainability-linked loan to support fleet renewal

    9 February 2022
    Business & Finance, Business Developments & Projects, Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    Singapore-based Oversea-Chinese Banking Corporation (OCBC Bank) has extended a $70 million sustainability-linked loan with U-Ming Marine Transport Corporation, one of Taiwan’s largest listed bulk carrier companies.

  • Army Corps Completes Portneuf River Inspections (USA)

    4 February 2013
    Business & Finance

    The Portneuf River Flood Reduction Project, Systems 1, 2, 3, 4 and 5, which is operated and maintained by the City of Pocatello, received overall system ratings of “unacceptable” following their most recent U.S. Army Corps of Engineers periodic inspection reports finalized on Nov. 16, 2012. This project was originally constructed on Sept. 19, 1967. […]

  • NYK pens $840M worth of sustainability loans

    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 […]

  • Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac

    14 July 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.

  • MAN ES ignites excitement: Single-cylinder test of long-awaited ammonia engine about to kick off

    31 May 2023
    Business Developments & Projects, Environment, Green Marine, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Safety, Technology, Transition

    German engine manufacturer MAN Energy Solutions says its long-awaited engine is ready to burn ammonia on a single cylinder.

  • GCMD survey unveils decarbonization blind spots: Industry cannot decarbonize without conservatives

    12 June 2023
    Authorities & Government, Certification & Classification, Environment, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarbonization and provides guidance for driving action within the industry. During the presentation, Lynn Loo, […]

  • Dredging of Wellington Dock Starts Next Month (UK)

    11 January 2012

    United Utilities has been given the go ahead to build a £200million extension to its waste treatment plant on the banks of the River Mersey in a scheme that could create up to 350 jobs. The existing works at Sandon Dock, Regent Road, will be extended into the redundant Wellington Dock. And that will result […]

  • Waccamaw River Cleanup Program Progresses Well (USA)

    31 July 2014
    Business & Finance, Equipment, Technology

    According to the first Santee Cooper coal ash removal report released this week, Santee Cooper has removed over 42,000 tons from its unlined coal ash lagoons on the banks of the Waccamaw River in Conway, South Carolina. The removal is part of a settlement reached between Santee Cooper and citizen groups represented by the Southern […]

  • Report: Lebanon asks for arrests of Russian captain, shipowner linked to Beirut blast

    2 October 2020
    Authorities & Government, Ports & Logistics, Vessels

    Lebanese public prosecutors have asked Interpol to issue arrest warrants for the Russian captain and owner of cargo vessel Rhosus, from which a shipment of ammonium nitrate was confiscated back in 2013, Reuters reported citing Lebanese NNA news agency. Boris Prokoshev has been identified as the captain of the Rhosus ship at the time, while […]

  • Subsea Expo rescheduled due to Covid-19 restrictions

    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 […]

  • IOG adding further new gas flow into UK market

    16 March 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Safety

    IOG has achieved the first gas from another field which is part of its Saturn Banks Project – Phase 1, located in the UK North Sea.

  • OMREG Underpins Climate Change Adaptation Progress Report (UK)

    17 July 2013

    ABPmer’s Online Managed Realignment Database aka OMREG has been used to underpin the “Regulating Services – Coastal Habitats” chapter of the “Managing the land in a changing climate – Adaptation Sub-Committee progress report 2013”. The progress report reviews some of the key ecosystem services provided by the land. Specifically, the report addresses the use of […]

  • Decisive years ahead: ONE’s fuel choice conundrum for 20 methanol-ammonia newbuilds

    13 July 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Transition, Vessels, Vision

    The jury is still out on the fuel choice for a series of twenty new vessels the Singapore-based container shipping major Ocean Network Express (ONE) has on order. “We haven’t made a decision yet on which technology to choose. The jury is still out and like the rest of the industry we are very interested […]

  • Protecting Scotland’s Coastline

    4 August 2017
    Business & Finance

    Nearly a fifth of Scotland’s coastline is at risk of erosion, threatening some of the country’s most prized land and infrastructure within the next 30 years, the Scottish Government said in its latest release.  The potentially devastating effects of climate change and coastal erosion came to light after experts from the Scottish Government, Scottish Natural […]

  • UK: Associated British Ports Inks EIB Loan

    16 July 2013
    Business & Finance

    Associated British Ports (ABP) announces that its intermediate parent company, ABP Acquisitions UK Ltd (ABPA), has signed a £70m loan facility with the European Investment Bank. The loan from Europe’s long-term lending institution will be used to fund part of the costs of the further development of the UK’s second largest container terminal at the […]

  • Egypt: Huge Turnout Expected for Suez Canal Certificates

    2 September 2014
    Business & Finance, Equipment, Technology

    Governor of the Central Bank of Egypt (CBE) Hisham Ramez announced on Sunday issuance of investment certificates for the New Suez Canal Project. Ramez said that Cabinet’s economic group has agreed on issuing investment certificates of the New Suez Canal project and that the issue was raised to President Abdel Fattah El Sisi. He expected […]

  • EA for Levee Unit R-627 Available for Review

    10 December 2014
    Business & Finance, Equipment, Technology

    A draft environmental assessment for repairs to levee unit R-627, Grace Street Ditch, in Douglas County, Neb. is currently available for public review. The draft (EA) evaluates the environmental impacts of repairing erosion damage to the levee caused by high flows in June 2014. The damaged area is located along the left descending bank of […]

  • Will UK’s new CCUS strategy open doors to multi-billion global supply chain market?

    13 July 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    A new carbon capture supply chain strategy is expected to pave the way for Britain to gain entry into the global supply chain market.

  • Deutsche Bank closes hedge for Taiwanese offshore wind farm

    1 April 2020
    Business & Finance

    Deutsche Bank has closed a deal contingent interest rate swap on TW$ 90 billion (around € 2.7 billion) project finance for the development of the 589 MW Changfang and Xidao wind farm off Changhua County, Taiwan. The investment consortium, led by Copenhagen Infrastructure Partners (CIP) through its funds CI II and CI III, with two […]

  • Norway greenlights $700 million tie-back project in North Sea

    8 June 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Aker BP has received approval for a plan for development and operation (PDO) of its offshore tie-back project in the North Sea.

  • Kenai Bluffs Bank Stabilization Study on Display

    6 July 2017
    Business & Finance

    Representatives with the U.S. Army Corps of Engineers’ Alaska District will conduct a public meeting about the Kenai Bluffs Bank Stabilization Section 116 feasibility study. The meeting will take place at 6 p.m. today at the Kenai Visitor and Cultural Center, USACE said. The Corps has prepared a draft integrated feasibility report, environmental assessment and […]

  • Another subsea cable manufacturer commits to SBTi net-zero standard

    20 May 2022
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Transition

    Chinese subsea cable manufacturer ZTT Submarine Cable & System has revealed its commitment to the Science Based Targets initiative (SBTi), setting emissions reduction targets. ZTT announced it had committed to the SBTi Net-Zero Standard and will set a robust emissions reduction target at the pace and scale required by climate science. “We are joining the Business Ambition for 1.5°C campaign – the world’s largest and fastest-growing group of companies that are […]

  • India to Develop Its First Modern Inland Waterway

    13 April 2017
    Business & Finance

    The World Bank will support India with a $375 million loan in their plans to develop its first modern inland water transport fairway on a 1,360 km-stretch of the Ganga River between Varanasi and the seaport of Haldia. The World Bank’s Board yesterday approved this loan loan to help the Inland Waterways Authority of India […]