Search results for: race bank

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  • Xeneta launches container industry’s 1st emissions ‘heroes and villains’

    9 February 2023
    Business Developments & Projects, Environment, Green Marine, IT & Software, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vessels

    Global data analytics firm Xeneta has launched a campaign to rank the environmental performance of carriers across the world’s top 13 shipping trades. The firm is using the Carbon Emissions Index (CEI), a tool developed by Xeneta and Marine Benchmark, to evaluate carriers’ emissions levels in the major Far East to South America East Coast […]

  • HMD wins AiP for 30,000m3 LNG carrier with prismatic IMO type-B tank

    8 January 2021
    Certification & Classification, Innovation, Vessels

    The Korean Register (KR) has awarded Approval In Principle (AIP) for an LNG carrier with a prismatic IMO type-B tank built by Hyundai Mipo Dockyard (HMD). The ship is a small to medium-sized LNG carrier with a B-type cargo tank developed as a result of a technical collaboration project between KR and HMD, which began […]

  • Dana adds more oil to Triton FPSO with new North Sea well

    3 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Dana Petroleum has started production from a new well on the Bittern field located offshore the UK. The well is tied back to Dana’s Triton FPSO.

  • K Line inks climate transition linked loan

    27 September 2021
    Business & Finance, Business Developments & Projects, Environment, Regulation & Policy

    Japanese shipping major Kawasaki Kisen Kaisha, Ltd. (K Line) has signed a transition-linked loan (TLL) with syndicated lenders, arranged by Mizuho Bank Ltd. (MHBK).

  • Namibia: Zambezi River Dredging Step Closer to Realization

    29 May 2012

    Cabinet liaison officer in the Ministry of Works and Transport Grace Mubonenwa said the Ministry of Works and Transport plans to dredge the Zambezi River from Katima Mulilo to Impalila Island to enable the barge to operate through out the year, and that the tender to purchase the dredger has already been awarded. The ministry […]

  • Expro Gets INPEX Deal Extension for Ichthys Project

    18 November 2019
    Operations & Maintenance, Project & Tenders

    Expro has secured a contract extension to supply well test and subsea services for INPEX-operated Ichthys LNG project. The contract will see Expro continue to supply a high rate 175 MMscf/day well testing package, which will include enhanced electronic emergency shut down (ESD) systems. Expro will also supply 7 3/8” high debris valves, developed as part of the Next Generation Landing String (NGLS) program, designed […]

  • All Set for Pocklington Canal Dredging Scheme

    12 January 2017
    Business & Finance

    A dredging project aimed at improving water quality and encouraging rare aquatic plants to thrive on the Pocklington Canal is set to get underway, the Canal & River Trust informs. The Trust is about to begin dredging more than 3.000 tonnes of silt from the canal to protect important habitats and maintain a wide diversity […]

  • USA: Congressman Supports Waukegan Harbor Dredging

    3 May 2012

    U.S. Congressman Robert J. Dold spoke at the City Club of Waukegan and talked about his Main Street Jobs Agenda. Dold highlighted discussions he has had with organizations, businesses and community activists in Waukegan and the ideas that came about as a result of working together. “Waukegan has a proud history in the manufacturing sector […]

  • USACE Detroit Wraps Up 2016 Fiscal Year

    2 December 2016
    Business & Finance

    The U.S. Army Corps of Engineers, Detroit District, recently completed a busy fiscal year 2016 that included 254 construction and dredging contracts worth more than $60 million. “Fiscal year 2016 has been a great year for the Detroit District, the team has worked hard,” said Lt. Col. Dennis Sugrue, district engineer, U.S. Army Corps of […]

  • Thailand: Bangkok Works on Flood Prevention Plan

    13 March 2012

    The National Water Resources and Flood Policy Committee has ordered a speedy establishment of a catchment area capable of holding 5 billion cubic meters of water, as well as measures to financially compensate local residents in the area. Following the first meeting of the National Water Resources and Flood Policy Committee, which was chaired by […]

  • Crete – Attica subsea power link gets €200M EIB boost

    10 March 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure

    Subsea power interconnection project between the island of Crete and mainland Greece (Attica region) has secured a €200 million loan from the European Investment Bank (EIB). IPTO’s Ariadne Interconnection signed the new loan deal, which comes with an option of extending the funding by additional €100 million. “The participation of EIB secures even better financing […]

  • 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.

  • NORBIT Bags Another Important Contract (USA)

    23 April 2012

    Norbit US Ltd. has been awarded a contract from the Department of Homeland Security. Norbit US Ltd. was chosen as only one of three contracts signed under this BAA. Proposal was rated satisfactory in all evaluation criteria and the USCG states in the award letter “Your proposed Technical Approach indicated a strong understanding of the […]

  • Ukrainian Ports to Receive Financial Injection

    21 August 2012

    Commercial sea ports of Ukraine in 2012 may draw about 2 billion UAH investments for port infrastructure development projects. This estimation made the Chairman of the Committee for Regulatory Policy and Oversight of the Independent Association of Ukrainian Banks Arthur Zagorodnikov, UNIAN reports. The expert did not specify the sources of prospective investments. “In 2012, […]

  • AfDB OKs Loan for Coastal Protection Scheme

    13 January 2017
    Business & Finance

    The African Development Bank Group (AfDB) approved in December a $40.8 million loan to the Republics of Benin and Togo to finance the upgrade of a four-lane 30 kilometer road section linking the capitals of both countries, as well as an important program of coastal protection. Located on the major axis linking Togo and Benin, […]

  • Wilhelmsen Ship Management joins Sustainable Shipping Initiative

    20 January 2021

    Wilhelmsen Ship Management (WSM) has become a member of the Sustainable Shipping Initiative (SSI), an alliance of key organisations that is driven to bring change to a more sustainable maritime industry. Wilhelmsen Ship Management, a Wilhelmsen group company, is one of the world’s largest third-party ship manager with a portfolio of more than 450 vessels […]

  • French start-up poised to catch the wave to real sea trials

    25 June 2021
    Business & Finance, Business Developments & Projects, Collaboration, Equipment, Innovation, Market Outlooks, Operations & Maintenance, Outlook & Strategy, Research & Development, Technology

    With the support of several European Union-funded research projects, the French wave energy start-up Seaturns has made significant advancements in the development of its wave energy technology, brining it only one step short of demonstration in real sea environment.

  • SHI reveals new LNG carriers and containerships designs

    19 May 2023
    Business Developments & Projects, Collaboration, Innovation, Outlook & Strategy, Technology, Vessels

    South Korea’s shipbuilder Samsung Heavy Industries (SHI) has announced the development of innovative LNG carriers and containerships during the “Samsung Technical Seminar in Athens” (Samsung Technology Road Show) in Athens, Greece. The company unveiled its “3 Cargo Tank LNGC” and “Eco Container Ship” products. SHI said the “3 Cargo Tank LNGC” is designed to increase […]

  • China’s Vessel Starts Research Mission in Mariana Trench

    28 May 2019
    Research & Development

    China’s research vessel KEXUE has started a 20-day long survey over a series of seamounts in the south of the Mariana Trench. According to Chinese Academy of Sciences (CAS), the vessel will explore four seamounts in the area. The vessel’s Discovery remote operated vehicle (ROV) already dived into the sea to collect samples from a […]

  • U-Ming nets sustainability loan for LNG-powered bulkers

    13 April 2021

    U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, has secured its first sustainability-linked loan worth $45 million. The loan was obtained from E.SUN Commercial Bank and it was preceded by a rigorous due-diligence process that evaluated the company’s financial strength and ESG achievements. The loan incorporates an incentive scheme linked to pre-determined […]

  • JBIC: $14.4 bln Mozambique LNG financing complete

    16 July 2020
    Business Developments & Projects

    The Japan Bank for International Cooperation (JBIC) has confirmed the $14.4 billion financing for the Mozambique LNG project has been finalized.

  • LNG dual-fueled and ammonia-ready VLCC gets nod from BV

    28 September 2022
    Business Developments & Projects, Certification & Classification, Collaboration, Green Marine, Regulation & Policy, Research & Development, Transition, Vessels

    An LNG dual-fueled and ammonia fuel prepared very large crude carrier (VLCC), developed jointly by China Merchants Energy Shipping (CMES), TotalEnergies, Dalian Shipbuilding Industry (DSIC), and GTT has received approval from the Bureau Veritas classification society. The approval in principle (AiP) was awarded at a JDP Delivery Ceremony held at DSIC in Dalian on 27 […]

  • Seafarer Happiness Index: Lingering fears, worries and doubts over crew change

    10 May 2021
    Human Capital, Rules & Regulation, Safety

    Lingering fears, worries, and doubts about the ongoing crew change situation continue to dominate the sentiments among seafarers, according to the Seafarers Happiness Index latest report.  The issue of how seafarers will be vaccinated also came to the fore and is likely to be a long-running concern until the solutions and plans are made internationally […]

  • AWI Evaluates GeoTexture for Backscatter Data Processing

    2 December 2013

    Back in 2012, the Alfred Wegener Institute Helmholtz Centre for Polar and Marine Research (AWI) began assessing the pace of coastal erosion and the nature of sediment and organic matter transfer in nearshore areas of the southern Canadian Beaufort Sea. Coastal dynamics on arctic coasts are highly seasonal: ice is present from October to late […]

  • McDermott’s unit scores Plaquemines LNG gig

    31 January 2022
    Business Developments & Projects, Infrastructure, Project & Tenders, Storage

    U.S. LNG export project developer Venture Global has awarded McDermott’s storage business CB&I a contract for two storage tanks as part of the first phase of the Plaquemines LNG export project.