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Business & Finance, Equipment, Technology
Dragflow S.r.l. is a world player in solid pumping solutions with over 25 years of experience in manufacturing heavy duty pumps and complete dredging equipment. Hereby we are bringing you an exclusive interview with Mr. Massimo Contri, Export Manager of Dragflow, who provided us with invaluable insight into Dragflow’s business plans. When asked about the […]
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DNV GL has advised the UK Green Investment Bank (GIB) and Japan’s Marubeni Corporation on their joint purchase of a 50% stake in the Westermost Rough wind farm, five miles offshore from Hull. The investment in the UK site, still 50% owned by DONG Energy, will see the first large scale commercial project in the […]
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SBM Offshore N.V., provider of floating production solutions to the offshore energy industry, has reported first quarter Trading Update with the following highlights: – Year-to-date 2014 Directional revenues in line with expectations at US$782 million; – Directional Backlog as of March 31, 2014 stands at US$21.7 billion; – FPSO Cidade de Ilhabela module integration well […]
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The welcome news that Siemens plans a £160 million expansion to manufacture turbines in East Yorkshire, plus the UK Green Investment Bank’s (GIB) investment in the Westermost Rough project off the Yorkshire coast, must be balanced against high costs and risks but low confidence levels that could still affect future UK offshore wind developments, Green […]
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Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Freight rates look set to improve or maintain existing levels over the next twelve months, while an […]
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Business & Finance, Equipment, Technology
The U.S. Army Corps of Engineers, Kansas City District, announced yesterday that it will be holding a public meeting to discuss potential design modifications to the Swope Park Industrial Area Flood Damage Reduction Project. In 2002 the district released the Final Feasibility Report and Environmental Assessment and the signed Finding of No Significant Impact for […]
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Business & Finance, Equipment, Technology
Over the past fiscal year (Oct. 1, 2012 to Sept. 30, 2013), the U.S. Environmental Protection Agency (EPA) Region 4 has cited 23 entities throughout the Southeast for depositing dredged and/or fill material into wetlands or other waters of the United States in violation of Section 404 of the Clean Water Act (CWA). Such unauthorized […]
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DONG Energy’s Peter Sutton has joined the line-up of international speakers at the SNS2014 Conference and Exhibition in Norwich next month. He became Head of UK Operations-East for the global energy giant last autumn, shortly before Dong announced it was taking over a project for the Racebank windfarm 17 miles off the Norfolk coast. Regional […]
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DONG Energy’s Peter Sutton has joined the line-up of international speakers at the SNS2014 Conference and Exhibition in Norwich next month. He became Head of UK Operations-East for the global energy giant last autumn, shortly before Dong announced it was taking over a project for the Racebank windfarm 17 miles off the Norfolk coast. Regional […]
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Typhoon Offshore B.V. (“Typhoon Offshore”) announced it has entered into agreements with Northland Power Inc. (“Northland”) regarding the sale of Typhoon Offshore’s remaining 5% interest in Gemini, the 600MW offshore wind project currently in advanced development. This will top up Northland’s majority equity stake in Gemini to 60%. Gemini is to be located 85 kilometres […]
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Typhoon Offshore B.V. (“Typhoon Offshore”) announced it has entered into agreements with Northland Power Inc. (“Northland”) regarding the sale of Typhoon Offshore’s remaining 5% interest in Gemini, the 600MW offshore wind project currently in advanced development. This will top up Northland’s majority equity stake in Gemini to 60%. Gemini is to be located 85 kilometres […]
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Several countries have overlapping territorial claims to portions of the South China Sea, which stretches from Singapore in the southwest to Taiwan in the northeast. The Spratly Islands and Paracel Islands are two of the most contested areas (see dark blue islands on map above). However, unlike other parts of the South China Sea, these […]
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Several countries have overlapping territorial claims to portions of the South China Sea, which stretches from Singapore in the southwest to Taiwan in the northeast. The Spratly Islands and Paracel Islands are two of the most contested areas. However, unlike other parts of the South China Sea, these areas have not been assessed to hold […]
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‘Turning vision into reality’, that is the credo of the Norwegian Ulstein Group, which includes Ulstein Sea of Solutions (USOS), a design company specialised in complex offshore construction vessels and drillships based in the Dutch town of Vlaardingen. Managing director Bob Rietveldt explains: ”Ulstein Sea of Solutions does what its company name says: we conceptualise […]
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Business & Finance, Research & Development
With an expected compound average growth rate of 28.3% from 2013-2020, the growth for the offshore wind industry remains solid. Short term demand in Europe – the main market region for offshore wind – is set to stabilise pending policy clarification and implementation. The outlook beyond 2020, however, remains highly dependent on timely clarification of […]
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Bahri Dry Bulk, a subsidiary of the National Shipping Company of Saudi Arabia (Bahri), and Bank Albilad yesterday signed a SAR 420 million (approx $112 million) financing facility to finance 70% of the cost of building 5 dry bulk vessels. The financing facility is for a period of 11 years including a maximum of 1 […]
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The National Shipping Company of Saudi Arabia (Bahri) announced that its subsidiary Bahri Dry Bulk (owned 60% by Bahri and 40% by Arasco) signed with Bank Albilad on Wednesday, November 20, 2013, a Shariah compliant financing facility for SAR 420,000,000 (approx USD 112 million) to finance 70% of the cost of building 5 dry bulk […]
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Environment Minister Albert Jacob has announced $910,000 in funding for foreshore rehabilitation projects throughout the Swan Canning Riverpark. Funds will be shared by seven local councils managing foreshores to rebuild collapsed river walls, control invasive weeds, stabilise riverbanks and revegetate foreshore areas across nine sites in the riverpark. These funds will be matched by cash […]
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The U.S. Environmental Protection Agency has finalized a plan to clean up the Gowanus Canal Superfund site in Brooklyn, New York, one of the nation’s most seriously contaminated bodies of water. The final plan, announced on the banks of the canal by EPA Regional Administrator Judith A. Enck with Congressmember Nydia Velázquez, state and local […]
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Chairman Nicolas Busch says a second share placement is now on the cards after Oslo OTC listing beats target with $170m haul thanks to surprisingly strong appetite among investors Pools power Navig8 has become the latest shipowner to find joy on Oslo’s over-the-counter (OTC) market, exceeding expectations with an upsized $170m haul for an initial […]
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Port of Oakland in collaboration with local and federal agencies hosted the placement of a maritime visibility sensor at the Ben E. Nutter Terminal (Berth 38) operated by Seaside Transportation Services, LLC and home to Evergreen Marine Corporation. The sensor is a continuously operating visibility data collection platform that helps mariners make informed decisions in […]
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Trash traps made of fabricated steel have been installed by the Ecological Strengthening Through Environment Rehabilitation and Orientation (ESTERO) project of the Misamis University Community Extension Program (MUCEP) in Carangan Creek, Ozamiz City. The project aims to determine the necessity of and the possible plans for dredging and de-silting of the creek and involve interventions, […]
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Business & Finance, Operations & Maintenance
Providence Resources P.l.c., the Irish oil and gas exploration and appraisal company, whose shares are quoted in London (AIM) and Dublin (ESM), announces its preliminary results for the year ended 31st December 2012. DRILLING PROGRAMME The year 2012 was a landmark year for Providence as operations on the first well in the Company’s multi-well, multi-year […]
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Partrac worked with ADAS in the development of a novel framework, combining conventional sediment source fingerprinting and Partrac’s proprietary ‘Dual Signature’ particle tracking technology to improve sediment source information for the River Glaven priority catchment in eastern England. Catchment Officers working as part of the Catchment Sensitive Farming initiative frequently require more detailed evidence to […]
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International accountant and shipping adviser Moore Stephens says shipping companies should explore leasing opportunities as a way of adjusting their self-owned and chartered-in tonnage balance in response to the radical changes that have taken place in ship financing in recent years. Phil Cowan, the firm’s Head of Corporate Finance, says, “The traditional thinking of a […]
