Search results for: race bank

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  • Transocean delays deliveries for the world’s first 8th gen ultra-deepwater drillships

    7 June 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Transocean has agreed with Sembcorp Marine’s subsidiary, Jurong Shipyard Pte, on the delayed delivery of two ultra-deepwater drillships.

  • Louisiana to host $7.5 billion clean hydrogen-ammonia production and export project

    1 November 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders

    Singapore-based tanker owner and operator Hafnia has partnered with Clean Hydrogen Works (CHW) to explore the development of a new clean fuel project in Ascension Parish, Louisiana. Hafnia and CHW will collaborate on the development of a global-scale clean hydrogen-ammonia production and export project, Ascension Clean Energy (ACE), located on the West Bank of the […]

  • NYK welcomes newbuild LNG carrier into the fleet

    1 June 2021
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Japanese shipping major Nippon Yusen Kaisha (NYK) took delivery of a new liquefied natural gas (LNG) carrier Diamond Gas Crystal, built at Hyundai Samho Heavy Industries (HSHI).

  • MPC Container Ships secures $70 million revolving credit facility

    29 July 2021
    Business & Finance

    Norwegian containership owner MPC Container Ships ASA (MPCC) has entered into a three-year revolving credit facility agreement with U.S.-based financial holding company CIT Group at attractive terms.

  • Congressman Announces USD 27 M for New Jersey Waterways Cleanup

    11 March 2014
    Business & Finance, Equipment, Technology

    Today, Congressman Frank Pallone, Jr. (NJ-06) announced that the state of New Jersey will be receiving more than $27 million in federal funding to remove debris that accumulated in waterways along the New Jersey coastline as a result of Superstorm Sandy. The funding is being provided by the Federal Emergency Management Agency (FEMA) as part […]

  • Topsail Beach Contract for Weeks Marine, Works Set for December

    9 October 2019
    Business & Finance

    The Town of Topsail Beach, North Carolina, awarded their channel dredging and beach nourishment project contract to Weeks Marine during a special meeting last week. The $24.6 million project, often referred to as the Local Storm Damage Reduction Plan or SDR, includes dredging the New Topsail Inlet and the side channels in Banks Channel and […]

  • Oil price war and coronavirus bite into Noble’s rig contracts

    10 April 2020
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders

    The oil price war and the coronavirus pandemic are already taking their toll on the oil and gas services market, with offshore drilling contractors among the most affected segments. One of the major drillers, Noble Corporation, has seen its contracts shortened, rigs stacked and put on standby, and day rates slashed.

  • USA: GPA Considers Brunswick and Savannah Projects

    19 March 2012

    The Georgia Ports Authority board today considered two projects that will greatly increase capacity, efficiency and environmental savings. In Brunswick, the Board approved renovations to the Colonel’s Island terminal that will accommodate growth in the heavy construction equipment and machinery trade. “This project will provide greater flexibility in moving oversized roll-on/roll-off cargo at Colonel’s Island,” […]

  • PSA Panama Terminal Expansion Begins

    28 May 2015
    Business & Finance, Equipment, Technology

    PSA Panama International Terminal (PSA Panama) held a groundbreaking ceremony two days ago to commemorate the expansion works for Phase 2 of its container terminal located on the west bank of the Panama Canal. The ceremony was graced by the President of Panama His Excellency Juan Carlos Varela, Mr Jorge Barakat, Administrator of the Panama Maritime Authority (AMP) and […]

  • Highest fleet utilisation since 2019 nearly quadruples Prosafe revenues

    4 November 2021
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Vessels

    Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues when compared to 3Q last year.

  • USA: Corps Begins St. Maries’ Levee System Repairs

    5 November 2012
    Business & Finance

    The first steps toward repairing the St. Maries, Idaho, levee system kickoff this week when U.S. Army Corps of Engineers’ officials begin work to repair about 1,810 total feet of levee damage at three sites along the St. Joe River’s left bank. The $2.6 million federally-funded project is split into two phases, pre- and post-flood […]

  • Colombia: World Bank Supports Environmental Clean Up and Flood Control of Bogota River

    15 December 2010

    The World Bank Board of Executive Directors (WB) approved a US$250 million loan today for the Rio Bogota Environmental Recuperation and Flood Control Project, with the intention of turning it into an environmental asset for the Colombian capital’s metropolitan area.   The project seeks to improve water quality in the river’s middle basin up to […]

  • CorPower on board European Commission’s renewed Clean Energy Industrial Forum

    14 October 2021
    Authorities & Government, Business Developments & Projects, Collaboration, Market Outlooks, Outlook & Strategy, Regulation & Policy, Vision

    Swedish wave energy company CorPower Ocean has been appointed to the European Commission’s renewed Clean Energy Industrial Forum.

  • CalWave commissions wave energy pilot offshore California

    7 October 2021
    Authorities & Government, Business Developments & Projects, Collaboration, Equipment, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Technology

    U.S.-based marine energy start-up CalWave Power Technologies has commissioned its CalWave x1 wave energy device off the coast of San Diego in California.

  • Serica preparing to bring third Rhum well online

    10 June 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Vessels

    Serica Energy has completed a flow test on the Rhum R3 well in the UK North Sea with plans to start production in the third quarter of 2021.

  • Digital twin used on BP’s new Caspian platform as it moves into fabrication & commissioning stage

    11 November 2020
    Automation, Business & Finance, Business Developments & Projects, Exploration & Production, Innovation, IT & Software, Project & Tenders, Technology

    A joint venture work between KBR and Socar, which is undertaking the engineering design phase of the Azeri Central East platform, is now nearing completion.

  • ICS: Russian and Ukrainian seafarers make up 14.5% of global shipping workforce

    25 February 2022
    Human Capital, Infrastructure, Outlook & Strategy, Regulation & Policy, Safety, Vessels

    The International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, has warned of supply chain disruption should the free movement of Ukrainian and Russian seafarers be impeded.

  • USA: Port of Kingston Dredging Set for July

    2 April 2013
    Business & Finance

    The Port of Kingston’s dredging project looks like it has the final green light. Port Manager Kori Henry said soil samples came back clean — meaning no bacterial contamination — which is “very exciting.” The port is in discussions with Olympic Property Group to use the port’s soil from the dredge to cap the area […]

  • EPA’s FY 2012 Budget Proposal Reflects Tough Choices Needed for the Nation’s Fiscal Health (USA)

    15 February 2011

    The Obama Administration today proposed a FY 2012 budget of $8.973 billion for the U.S. Environmental Protection Agency (EPA). This proposal reflects President Obama’s commitment to ensuring the government lives within its means while ensuring that EPA can carry out its core mission: protecting public health and our environment while reducing air and water pollution […]

  • Largest offshore floating solar model aces tests in South Korea

    8 April 2021
    Business Developments & Projects, Collaboration, Innovation, Outlook & Strategy, Research & Development, Technology, Vision

    Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power Corporation (KEPCO), has completed performance testing on South Korea’s largest floating solar power plant model.

  • FSG to build LNG-powered RoRo for SeaRoad

    20 September 2021
    Business Developments & Projects, Environment, Infrastructure, Outlook & Strategy, Transition, Vessels

    Germany’s shipbuilder Flensburger Schiffbaugesellschaft (FSG) has received an order for the construction of a roll-on/roll-off (RoRo) vessel with LNG propulsion from Australian shipping company SeaRoad.

  • Krishnapatnam Port Gets Deepest Draft in India

    14 February 2012

    Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permissible draft of 18 meters. In such a short span of time, no other ports in India have been able to achieve such a remarkable depth. On 17th July 2008 when the port was dedicated […]

  • Report: STX Offshore rolls out early retirement plan to address ordering slump

    30 June 2020
    Business & Finance

    Korean shipbuilder STX Offshore & Shipbuilding Co is planning to reduce its workforce to adapt to lower demand by launching a voluntary retirement plan, Yonhap reported citing a statement from the shipyard. Workers at the yard have been on strike since May amid dissatisfaction with unpaid furloughs which have affected around 500 workers. The walkout […]

  • DP World to Buy Canada’s Fairview Container Terminal

    2 April 2015
    Business & Finance

    DP World Limited has announced its agreement to acquire Maher Terminal’s Fairview Container Terminal (Fairview) in Prince Rupert, British Columbia, Canada from Deutsche Bank. Fairview presents growth opportunity in a market with attractive and growing demand. Fairview is a purpose built terminal with an efficient sea-rail link and has a current capacity of 850,000 TEU (twenty-foot […]

  • USA: Jones Lang LaSalle Announces Fourth Annual Seaport Report

    12 October 2012

    Competition for market share of inbound shipping remains fierce among U.S. ports, especially as the east coast gears up for an expanded Panama Canal and trade flows continue to shift among developed and emerging countries, according to Jones Lang LaSalle’s fourth annual seaport report. As reported in the firm’s earlier studies, commercial real estate surrounding […]