Search results for: race bank

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  • Equinor to use Transocean rig for Oseberg well ops

    19 March 2021
    Authorities & Government, Exploration & Production, Infrastructure, Regulation & Policy

    Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for drilling and well operations on the Oseberg field using the Transocean Norge drilling rig.

  • Kokarakis: Switching to alternative fuels is the key to CII compliance

    5 April 2023
    Collaboration, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The most effective way of complying with the CII index and having a good rating is to utilize the emerging alternative, low and zero-carbon fuels, John Kokarakis, Vice President of Technology & Business Development Hellenic-BS-ME Zone at Bureau Veritas, said. Kokarakis was speaking at the 6th Annual Capital Link Cyprus Shipping Forum on Fostering Environmental […]

  • USA: Pallone Announces Funding for NJ Cleanup Projects

    17 July 2013
    Business & Finance

    Congressman Frank Pallone, Jr. (NJ-06) announced $59,741,909 in new Federal Emergency Management Agency (FEMA) funding to reimburse the New Jersey Department of Environmental Protection (DEP) for the use of contractors to remove an estimated 850,000 cubic yards of sand and other sediment from waterways in the central region of the state. The additional sand and […]

  • Great Yarmouth Coastal Protection Scheme Begins

    11 December 2015
    Business & Finance

    Great Yarmouth Borough Council has started work on an important coast protection scheme for Scratby, which aims to give the community more time to adapt to coastal change. The project is to lay a 877-meter long revetment of about 1,300 gabions – stone-filled and crushed concrete-filled cages – from the existing rock berm at Little […]

  • Minister: Labor Party Loses Credibility on Victorian Ports (Australia)

    12 June 2012

    Tim Pallas and the Labor Party have proven once again why they are incapable of managing Victoria’s commercial ports, stated Minister for Ports Denis Napthine. “In Parliament this week and in a press release issued today, Mr Pallas has turned his back on the development of the Port of Hastings, once again doing a double […]

  • North Sea workers vote for all-out strike in push against job & pay cuts

    16 November 2021
    Business & Finance, Human Capital, Operations & Maintenance, Outlook & Strategy

    Following a dispute over cuts, Unite has revealed plans to take industrial action, after workers cast their votes to undertake strike action.

  • Canadian player wraps up acquisition of additional stake in gas field off Ireland

    4 April 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Vermilion has closed the acquisition of Equinor’s subsidiary in Ireland, increasing its operated interest in a natural gas field off Ireland.

  • Wolverine Dredge on Sand Mining Task

    8 July 2015
    Business & Finance, Equipment, Technology, Vessels

    Coulee Frac Sand, based in La Crosse, Wisconsin, recently took delivery of a 10-inch Wolverine Class cutter suction dredge by DSC Dredge, LLC. The dredge, which was designed and manufactured at DSC Dredge’s Greenbush, Michigan, facility, is mining sand at the PineCrest Mine on the site of Doc’s Bunkhouse campground, near the town of Merrillan […]

  • Keel laid for CMA CGM’s 2nd LNG-powered boxship at Hudong-Zhonghua

    29 March 2023
    Vessels

    Hudong–Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has laid the keel of a new 13,000 TEU containership powered by liquefied natural gas (LNG) for French shipping giant CMA CGM.

  • Sovcomflot’s quarterly profit surges

    15 May 2020
    Business & Finance, Business Developments & Projects

    Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increased by 20.1 per cent year-on-year […]

  • NASA: IMO’s global sulphur cap slashed air pollution from shipping

    19 October 2022
    Authorities & Government, Environment, Rules & Regulation

    The International Maritime Organization’s (IMO) global sulphur cap has reduced artificial “ship track” clouds to record-low levels, a new study conducted by the National Aeronautics and Space Administration (NASA) shows.

  • Solstad bags new batch of contracts

    13 February 2023
    Business & Finance, Business Developments & Projects, Vessels

    Norwegian shipping company Solstad Offshore has secured several new contracts and contract extensions for its platform supply vessels (PSVs) and anchor handling tug supply (AHTS) vessels.

  • INTERCARGO: CII cannot be used to achieve desired decarbonisation goals

    7 December 2022
    Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed their belief that CII cannot be used to achieve the desired […]

  • Sif buying KCI the engineers

    22 December 2020
    Business & Finance

    Sif has signed a heads of agreement with Royal IHC to acquire the Netherlands-based engineering and consultancy company KCI the engineers. The final agreement is subject to due diligence outcome and is expected in the first quarter of 2021. Works Councils of the two parties have been informed or asked to advise on the intended […]

  • U.S. Government to Bear Costs of Atchafalaya Channel Dredging Accident

    2 April 2014
    Business & Finance, Equipment, Technology

    The U.S. Government must cover the bulk of $13.8 million in damages a pipeline owner faces after faulty Army Corps of Engineers navigational charts led to a collision, a federal judge ruled. A barge owned by Weeks Marine hit and ruptured Contango Operators’ natural gas pipeline on Feb. 24, 2010, while dredging the Atchafalaya Channel […]

  • National Award for ‘Bringing Back the River Bulbourne’

    20 October 2017
    Business & Finance

    A partnership project between the Environment Agency and the Box Moor Trust in Hemel Hempstead has been recognized with a national award. The project has transformed a 1 kilometer stretch of the River Bulbourne in Hemel Hempstead from a straight, wide and silty river into a meandering chalk stream, which is a globally rare habitat. […]

  • With drilling campaign all done, Neptune gearing up for Norwegian field start-up

    25 July 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    In preparation for production start-up, Neptune Energy ha completed drilling four development wells on the Fenja field in the Norwegian Sea.

  • EnQuest hands in decom plan for Thistle Alpha topsides

    22 September 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Rules & Regulation, Safety

    UK-based EnQuest has submitted its decommissioning plan for the Thistle Alpha platform topsides to the country’s authorities.

  • BIO-UV Group receives BIO-SEA BWTS retrofit order for cruise ship

    4 August 2022
    Business Developments & Projects

    French UV-C water treatment systems specialist BIO-UV Group has received an order to supply a low-flow BIO-SEA L-series ballast water treatment system (BWTS) for retrofit installation on a cruise ship operated by Cruise Management International (CMI). The vessel to be retrofitted with the BWTS is Quest, a 49-metre long 60-passenger capacity vessel. It is the […]

  • NYK, JMU to guarantee propulsion in actual sea conditions in new contract

    25 September 2020
    Regulation & Policy, Research & Development, Vessels

    Japanese shipping major NYK Line and Japan Marine United Corporation (JMU) are introducing a new shipbuilding contract that guarantees propulsion performance in actual sea conditions. Shipbuilding contracts typically guarantee ship speed by confirming the relationship between ship speed and horsepower in calm sea conditions without waves. Mutual confirmation then occurs during the sea trials that […]

  • Actions Needed to Further Improve Management of Hopper Dredging

    14 May 2014
    Business & Finance, Equipment, Technology

    The U.S. Army Corps of Engineers has taken actions to address the Government Accountability Office’s 2003 recommendations for improving information related to hopper dredging, but some data gaps remain. First, in response to GAO’s recommendation to obtain and analyze data needed to determine the appropriate use of its hopper dredge fleet, the Corps established a […]

  • The Philippines: DPWH ‘Not Responsible’ for Offshore Dredging Permits

    14 July 2014
    Business & Finance

    The Philippines’ Department of Public Works and Highways last Friday released a statement regarding recent allegations that the DPWH has issued dredging permits to the 13 sea vessels doing offshore dredging or mining activities in the vicinity of Puro, Caoayan, Ilocos Sur. According to Secretary of Public Works and Highways, Mr. Rogelio Singson, “the Department […]

  • Judge’s Decision Means More Money for Gulf Coast Restoration

    5 September 2014
    Business & Finance, Equipment, Technology

    United States District Court Judge Carl Barbier yesterday ruled that BP was “grossly negligent” in its actions leading to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. This ruling means that BP faces penalties of up to $4,300 per barrel of oil spilled, maximizing the money that will be returned to Gulf Coast […]

  • World’s largest containership embarks on maiden voyage

    27 April 2020
    Vessels

    The 24,000 TEU HMM Algeciras, the world’s largest containership, has headed out to sea on its maiden voyage. The ship left Geoje, Korea following its naming ceremony on April 23 setting sail for China. It departed from the port of Qingdao on Sunday and is heading for the Port of Busan, according to the latest […]

  • Decisive years ahead: ONE’s fuel choice conundrum for 20 methanol-ammonia newbuilds

    13 July 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Transition, Vessels, Vision

    The jury is still out on the fuel choice for a series of twenty new vessels the Singapore-based container shipping major Ocean Network Express (ONE) has on order. “We haven’t made a decision yet on which technology to choose. The jury is still out and like the rest of the industry we are very interested […]