Search results for: race bank

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  • The Bahamas: IDB Loan to Enhance Coastal Risk Management

    9 November 2017
    Business & Finance

    With a $35 million loan from the Inter-American Development Bank (IDB), The Bahamas will seek to build the country’s resilience to coastal risks through sustainable coastal protection, including natural infrastructure and integrated management of the coast. The program will finance shoreline stabilization and coastal flooding control measures on Grand Bahama Island, Central Long Island, and […]

  • Selkie project reaches finish line after four years of operation

    1 June 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Research & Development

    The Selkie project, a €5.2 million EU-backed cross-border project focused on boosting the marine energy industry in Wales and Ireland, has been concluded following four years of operation. Selkie is a consortium of University College Cork (UCC) and Swansea University (SU) and GDG, DP Energy Ireland, Pembrokeshire Coastal Forum CiC (PCF) and Menter Môn Cyf. […]

  • Dogger Bank Wind Farm to feature unmanned HVDC offshore substations

    4 May 2021
    Innovation, Technology

    Dogger Bank Wind Farm, the world’s largest offshore wind project, will use what the developers say is ”a revolutionary platform design, unveiling the world’s first unmanned High Voltage Direct Current (HVDC) offshore substation.” When complete in 2026, the 3.6 GW Dogger Bank wind farm will become the biggest in the world, able to produce enough […]

  • Happy Women in Maritime Day: Time to navigate the unresolved challenges

    18 May 2023
    Green Marine, Human Capital, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Vessels

    The International Maritime Organization (IMO) International Day for Women in Maritime is celebrated annually on the 18th of May and aims to honour women in the industry and encourage recruitment, retention and continued employment in the sector. This is the second International Day for Women in Maritime and it seeks to highlight the importance of collaboration and […]

  • Single-fuel or dual-fuel methanol engines for tugs?

    22 May 2023
    Green Marine, Vessels

    Single-fuel methanol engines may hold the key to a greener future for tugs, marine propulsion systems manufacturer Rolls-Royce Power Solutions (RRPS) and Maersk’s towage operator Svitzer said in a joint paper. The main driver behind the development of dual-fuel engines is fuel flexibility, allowing vessels to operate even with limited methanol availability. However, such engines […]

  • Disappointment for Lundin in Barents Sea

    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.

  • Tendeka Inks Thailand Deal with Mubadala

    30 March 2020
    Business & Finance, Equipment, Project & Tenders

    Completions service company Tendeka has signed a three-year contract with Mubadala Petroleum to supply sand-face completion equipment in Thailand. The deal will see Tendeka supply its FloElite sand screens and FloSure autonomous inflow control devices (AICDs) to Mubadala Petroleum’s Jasmine, Manora and Nong Yao fields in the Gulf of Thailand. The contract also has the […]

  • StormGeo launches digital tool for ship’s carbon intensity improvement

    23 February 2022
    Business Developments & Projects, Infrastructure, IT & Software, Outlook & Strategy, Technology, Vessels

    Norwegian weather forecasting provider StormGeo has launched a new Carbon Intensity Indicator (CII) Dashboard, a digital tool for ship operators to calculate, report and improve the CII rankings of their fleet.

  • Optimarin introduces BWT leasing to ease financial stress on ship owners, operators

    11 May 2020
    Business & Finance, Equipment, Rules & Regulation

    Norwegian-based ballast water treatment (BWT) specialist Optimarin has launched a leasing option within the BWT segment as a response to the growing need for more flexibility in financing solutions. The company said that the leasing option is the first of its kind in the segment and comes amid challenging market conditions shipowners and ship operators […]

  • NYK, GAIL sign charter deal for LNG carrier

    24 December 2021
    Vessels

    Japanese shipping company NYK has signed a time-charter contract with GAIL (India) Limited, India’s largest natural gas company, for a liquefied natural gas (LNG) carrier.

  • Bay du Nord oil project’s court saga draws to a close but will there be an encore?

    22 June 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Project & Tenders, Regulation & Policy, Transition

    Will this be the end of legal scrutiny and attempts to overturn the government’s approval for the giant $12-billion project?

  • Orion Marine Group Updates Investors (USA)

    5 April 2013
    Business & Finance

    Orion Marine Group, Inc., a leading heavy civil marine contractor serving the infrastructure sector, today is providing its investors an update on the Company’s outlook and end markets. “The Company remains pleased with the sustained increases in construction equipment utilization seen over the past few quarters. The outlook for bid opportunities utilizing marine construction equipment […]

  • USA: CRC Schedules Hearings on Beach Erosion

    15 August 2012

    The NC Coastal Resources Commission will conduct eight public hearings during August and September on a proposal to incorporate updated long-term average annual erosion rates into the state’s oceanfront development rules. Hearings will take place in each of the eight coastal counties that contain ocean shoreline. The schedule is as follows: · 5 p.m. Aug. […]

  • Corps Awards Contract for Crow River Streambank Stabilization (USA)

    9 April 2012

    The U.S. Army Corps of Engineers, St. Paul District, awarded a $2.1 million contract to Earthwork Technologies, Inc., of Red Lake, Minn., to stabilize an eroding river bank along the Crow River north of Delano, Minn., March 29. The Crow River Streambank Stabilization Project will fix erosion along the river bank adjacent to County Road […]

  • NYK, EnBW ink charter deal for LNG carrier quartet

    16 May 2023
    Vessels

    Japanese shipping company NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Wuerttemberg (EnBW), a major German energy company.

  • China: GN Brand Presents Dredging Slurry Separation System

    7 February 2011
    Equipment, Technology

      The GN 300 GPM dredging slurry separation system has been designed specifically to accept feed directly from the dreding at a maximum rate 300M3 per hour, GN dredging slurry Separation system equipments： 1. GNZS83-3 Linear motion slurry separation shale shaker. 2 sets 2. GNZJ83-3 slurry separation desander 3. GNZJ83-3 slurry separation Desilter. Dredging Slurry […]

  • Carriers took out 3 million TEU from Asia-Europe and Transpacific trades

    14 April 2020
    Business & Finance

    Responding to the global demand drop caused by the COVID-19 pandemic, container shipping majors have removed a total of 3 million TEU of capacity from Asia-Europe and Transpacific trades combined, the latest data from Sea-Intelligence shows. The Copenhagen-based consultancy focusing on the container shipping sector said that when compared to the normal removal seen during […]

  • Container shipping: Defying the odds during the pandemic?

    17 June 2020
    Business & Finance, Market Outlooks, Outlook & Strategy

    The massive consolidation drive in the container shipping market that dominated the narrative over the past four years seems to have brought about unexpected benefits during the coronavirus crisis. The driving force behind the phenomenon has been primarily achieving economies of scale, especially considering the amount of capital investment needed in new, ever bigger ships. […]

  • Creditors green light Pacific International Lines’ restructuring

    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 […]

  • Bangladesh PM Strongly Supports Dredging

    8 September 2014
    Business & Finance, Equipment, Technology

    Prime Minister Sheikh Hasina, during yesterday’s meeting with officials of the Ministry of Shipping at Bangladesh Secretariat, urged the shipping ministry and all its departments concerned to work sincerely for making the river routes safe and secure for passengers and goods. “We have to improve the navigability of the rivers and ensure safe and secure […]

  • North Sea well on track to come online at UK gas project

    15 May 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    IOG is continuing to drill the second Blythe production well, which is expected to be brought on stream by the end of 2Q 2023.

  • While contributing to Europe’s energy security, Equinor rakes in all-time high profits

    9 February 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    Equinor has more than doubled its annual profit in 2022, setting a new record driven by higher energy prices and growing demand.

  • Yang Ming, HD Hyundai Heavy Industries seal deal for five 15,500 TEU LNG-fuelled containerships

    1 June 2023
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Transition, Vessels

    Taiwanese shipping company Yang Ming Marine Transportation Corporation has signed a contract with South Korea’s shipbuilding major HD Hyundai Heavy Industries Co., for the en bloc construction of five 15,500 TEU LNG dual fuel container vessels. These new vessels are scheduled to be delivered in 2026. The contract signing comes on the back of the […]

  • MPC Container Ships to acquire Songa Container in $210m deal

    23 June 2021
    Business & Finance, Collaboration, Market Outlooks, Outlook & Strategy, Vessels

    Norwegian containership owner MPC Container Ships ASA has entered into a share purchase agreement to acquire compatriot Songa Container AS for $210.25 million on a debt and cash-free basis. Upon closing of the deal, Songa’s fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years. […]

  • K Line unveils its 2nd transition linked loan

    6 September 2021
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Regulation & Policy, Transition

    Japanese shipping major Kawasaki Kisen Kaisha (K Line) revealed plans to finance its transition linked loan (TLL) at the end of September 2021.