Search results for: race bank

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  • Officials Inspect Kakum River Dredging Activities (Ghana)

    29 July 2013

    Vice President Kwesi Bekoe Amissah-Arthur at the weekend visited the Kwaprow community to inspect progress of work on the dredging of the Kakum River. The visit was a sequel to a similar one last year during which he sympathized with the people on a flood that affected the area, which claimed houses and other valuables, […]

  • Motive Offshore Welcomes New Finance Director

    14 January 2019
    Business & Finance, Equipment

    Marine equipment specialist Motive Offshore has made a strategic appointment to support ambitious growth plans for the coming year as it continues to post record results. The company has seen a record turnover for 2018 and is set to exceed its projected 20% increase on the previous year. To support founding directors James Gregg and Dave […]

  • U.S. gov’t preparing for latest Gulf of Mexico lease sale

    30 September 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Rules & Regulation

    The U.S. Bureau of Ocean Energy Management (BOEM) will hold an oil and gas lease sale for the Gulf of Mexico on 17 November 2021.

  • Entire Maersk Line fleet to get Wilhelmsen SBA ropes

    23 June 2020
    Equipment, Infrastructure, Vessels

    The entire fleet of Danish shipping major Maersk Line is to be equipped with Wilhelmsen’s Timm ropes featuring Snap Back Arrestor (SBA), the Norwegian maritime group said.

  • Equinor secures the all-clear for North Sea drilling ops with Transocean rig

    19 January 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Safety

    Equinor has received consent from Norway’s regulator to use one of Transocean’s semi-submersible rigs for drilling ops in the North Sea.

  • Aker Solutions and AF Gruppen to form decom and recycling player

    1 July 2021
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Operations & Maintenance, Project & Tenders

    Aker Solutions and AF Gruppen will merge the two companies’ existing offshore decommissioning operations into a 50/50 owned company.

  • Karoon to more than double output rates with new project off Brazil

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

    Australia’s Karoon has taken the Final Investment Decision to proceed with the development of the Patola project located offshore Brazil.

  • USA: Acting Secretary of Commerce Announces USD 102 Million for Three Louisiana Projects

    29 September 2011

    Acting Secretary of Commerce Rebecca Blank yesterday announced $102 million for three Louisiana projects in the Barataria and Terrebone basins, to restore deteriorated wetlands and barrier island habitats along the state’s coast. These awards are funded by the Coastal Wetlands Planning, Protection and Restoration Act (CWPPRA) program. U.S. Rep. Cedric Richmond, D-La., Louisiana Coastal Protection […]

  • Anthony Veder takes delivery of new LNG carrier

    20 July 2020
    Infrastructure, Vessels

    Dutch gas shipping company Anthony Veder has last week taken the delivery of a 30,000-cbm LNG carrier from China’s Zhejiang Xinle Shipbuilding in Ningbo. The carrier in question is the dual-fueled Coral Encanto primarily operating on LNG with the option to switch to conventional marine fuels. Anthony Veder announced the purchase of the 181.3 meters […]

  • Global Tech I offshore wind farm refinances non-recourse debt

    4 November 2020
    Business & Finance, Business Developments & Projects

    Global Tech I has refinanced its non-recourse debt, according to Green Giraffe, which acted as a financial advisor to Global Tech I and its sponsors. The refinancing, for which the transaction closed on 2 November, gathered a large sponsor group, led by SWM Stadtwerke München, Axpo Group and ENTEGA Plus GmbH, the project stakeholders. The […]

  • Two New Additions to JEM Marine Barge Fleet

    21 April 2020
    Business & Finance

    J.E. McAmis, a heavy-civil, marine and environmental contractor, has just released a couple of updates on two new additions to the JEM Marine barge fleet. The San Clemente Island (250′ x 72′ x 15′) just came off of Vigor’s drydock in Portland and is headed back to WCT in Astoria for final outfitting and the […]

  • MUA calls off industrial action plans for DPWA as liners battle congestion

    21 September 2020
    Human Capital, Ports & Logistics, Vessels

    The Maritime Union of Australia (MUA) withdrew its industrial action at DP World Australia, according to Shipping Australia Ltd. “Shipping Australia understands that a written undertaking has now been given to the Fair Work Commission that no further notices of industrial action at Port Botany will be submitted before November 1 2020,” the shipowner association […]

  • Petronas drops to loss as LNG sales slip

    4 September 2020
    Business & Finance, Business Developments & Projects

    Malaysian energy giant Petronas dropped to a loss in the first six months of the year.

  • Puget on track for Tacoma LNG launch in 2021

    21 July 2020
    Business Developments & Projects, Project & Tenders

    Puget Energy’s LNG unit still expects to fire up its liquefied natural gas facility in the Port of Tacoma on the US West Coast next year. Washington-based Puget Energy is the parent company of both state energy utility Puget Sound Energy and Puget LNG, which are building the $310 million facility. Puget LNG says the […]

  • New UK partnership to assist engineers in overcoming career break bias

    6 October 2022
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy

    Petrofac has teamed with STEM Returners to launch a jobs scheme, which will help engineers return to STEM-related work after a career break.

  • Space technology approved for maritime LNG fuel tanks

    29 June 2021
    Business Developments & Projects, Certification & Classification, Regulation & Policy, Technology

    Maritime classification society American Bureau of Shipping (ABS) has granted a design approval for SpaceTech4Sea, a project to adapt technology developed for space use to maritime LNG fuel tanks.

  • The Netherlands: Archaeological Specialists Investigate in Yangtzehaven

    7 October 2011

    A team of archaeological specialists is carrying out investigations in the Yangtzehaven. They hope to find traces of human habitation there from 12,000 years ago. The current Yangtzehaven will become the entrance for shipping to Maasvlakte 2. At the end of 2012, the Yangtzehaven will therefore be dug out and deepened to -20 NAP. The […]

  • Euronav posts massive surge in Q1 profit

    7 May 2020
    Business & Finance

    Antwerp-based tanker shipping company Euronav is reaping large profits from strong underlying tanker dynamics having reported $225.6 million of profit in the first quarter of 2020. The figure is a massive surge when compared to a profit of $19.5 million in Q1 2019. The company’s revenue almost doubled from $232 million in the same quarter […]

  • Wood Mackenzie: LNG demand doubling over the next 20 years

    29 September 2020
    Market Outlooks, Outlook & Strategy, Vision

    After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, this year and 2021 had at least as much capacity lined up for final approval – instead, there’s a famine, Wood Mackenzie said.

  • Maersk Product Tankers on track to cut CO2 emissions by 30% by 2021

    11 March 2021
    Business & Finance, Environment, Innovation, Technology, Transition

    Danish tanker owner Maersk Product Tankers has cut its CO2 emissions by 3.3 percent in 2020 with the help of its proprietary digital and technical solutions. The latest decrease gives a total reduction of 28.7 per cent between 2008 and 2020 as measured on the Energy Efficiency Operational Indicator, the company said. This puts Maersk Product Tankers […]

  • World’s 1st 9X92DF dual-fuel engine ready for CMA CGM’s boxship

    14 March 2023
    Equipment, Vessels

    CSSC Mitsui Shipbuilding Diesel Engine Co., a subsidiary of China Shipbuilding Power Group, has delivered “the world’s first CMD-WinGD 9X92DF dual-fuel main engine” that will be installed on a 13,000 TEU containership owned by French shipping giant CMA CGM.

  • Port Canaveral: Reaching Above and Beyond (VIDEO)

    19 June 2014
    Business & Finance, Equipment, Technology

    Port Canaveral serves the region, the customers and constituencies by facilitating domestic and international Maritime commerce, creating positive regional economic impact while maintaining transparency, effective planning and sound fiscal management practices. Cargo activity at Port Canaveral is expected to increase significantly with the continued growth of the 2.8 million-barrel Seaport Canaveral fuel tank farm and […]

  • GTT, SWS get BV’s nod for LNG dual-fuel VLCC design

    9 May 2023
    Business Developments & Projects, Certification & Classification, Vessels

    French LNG containment specialist GTT and Chinese shipbuilder Shanghai Waigaiqiao Shipyard (SWS) have obtained approval in principle from classification society Bureau Veritas (BV) for the design of LNG dual-fuel very large crude carrier.

  • Nordlink Project Gets Additional EIB Backing

    15 August 2018
    Business & Finance, Equipment, Operations & Maintenance

    The European Investment Bank (EIB) has reaffirmed its support for the Nordlink interconnector between Germany and Norway. Namely, EIB has purchased EUR 100 million hybrid securities to be consolidated and form a single series with TenneT’s hybrid Securities programme launched on 12 April 2017. After the signature in 2017 of loans to TenneT and Statnett, […]

  • FSL Trust moves forward with the sale of LR2 newbuilding pair

    17 February 2021
    Business & Finance

    FSL Trust Management, as trustee-manager of First Ship Lease Trust, has executed memoranda of agreement to sell two LR2 product tanker newbuildings. The vessels FSL Suez and FSL Fos will be sold to an unnamed third party following their deliveries from COSCO Shipping Heavy Industry (Yangzhou). Based on the information on the company’s website, the […]