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As part of an effort to unite leaders and decision makers from industry, state and federal agencies, academia and non-profit organizations in shaping the vision for the management of the Mississippi River watershed, America’s Great Watershed Initiative, or AGWI, is hosting a conference Sept. 26-27 at the Hilton St. Louis at the Ballpark. AGWI is […]
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The Green Party has launched its plan to protect New Zealand beaches from oil spills. The plan is the second component of the Party’s environmental priority this election: Rivers clean enough to swim in again, and beaches safe from oil spills. The key policy points in the Green Party’s plan to protect the beaches from […]
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In a bid to broaden its gas market, Indonesia’s PT Pertamina Gas (Pertagas) said that it was studying the possibility (in partnership with PT Pelayaran) to use LNG as a marine fuel. This is not the first venture the state-owned company has pushed for such cooperation to increase its gas sales; late last year, a […]
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Landmark Software and Services, a Halliburton business line, announced today that leading Brazilian exploration and production company, OGX Oil and Gas, will migrate all users of geophysical and geological software applications to the Landmark DecisionSpace(R) Desktop system. Introduced by Landmark late last year, DecisionSpace Desktop is groundbreaking software technology that allows multi-user teams to collaborate […]
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Business & Finance, Technology
Minas Basin Pulp and Power Co. Ltd. (MBPP) is paving the way for coastal communities in Nova Scotia to compete in a growing industry. In 2008, the provincial government gave MBPP, a Hantsport-based pulp and power production company, the go-ahead to develop North America’s first tidal power observation facility — a multi-million dollar project that […]
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Business & Finance, Equipment
ABB, the power and automation technology group, has released third-party verification that its Onboard DC Grid helps vessels reduce their fuel consumption, cut noise and trim their environmental impact. The measurements and tests, conducted by Pon Power in collaboration with ABB on Myklebusthaug Offshore’s platform supply vessel “Dina Star” identified reduction of specific fuel oil consumption […]
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The current fundamentals in the market aren’t driving values; buyers are.
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BMT Nigel Gee, a subsidiary of the BMT Group, has announced its latest design, developed in partnership with Claydon Reeves. With her state-of-the-art Extreme Semi-SWATH (XSS) hullform, Oxygen redefines the explorer yacht genre, offering outstanding speed and seakeeping performance with the luxury and facilities of a true superyacht. Equipped for all manner of pursuits, Oxygen’s […]
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Sea Machines raises USD 10m to further develop autonomous solutions for the maritime industry.
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Olympic Ship AS, an offshore vessel owner based in Norway, has reached yet another extension with creditors to a previously agreed stand-still deal. The financially strained ship owner was in talks with the secured lenders aiming to secure adjustment to the repayment profile of the financial debt of the company and its subsidiaries. This is […]
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Business & Finance, Equipment
Boston-based Sea Machines Robotics has recently closed a $10-million investment. The investment is led by Accomplice and Eniac Ventures, with participation from Toyota AI Ventures; Brunswick Corp., through investment partner TechNexus Venture Collaborative; NextGen VP, Geekdom Fund; LaunchCapital; LDV Capital and others. The investment marks one of the largest venture rounds for a marine- and […]
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Business & Finance, Operations & Maintenance, Research & Development
National Grid has chosen a corridor option for the connection, which will link new sources of electricity including the proposed new nuclear power station at Moorside into ‘the grid’ in Cumbria and Lancashire. Work is now getting underway on the next stage of the project which is to plan the exact line along this corridor […]
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BMT Nigel Gee, a subsidiary of the BMT Group, has announced its latest design, developed in partnership with Claydon Reeves. With her state-of-the-art Extreme Semi-SWATH (XSS) hullform, Oxygen redefines the explorer yacht genre, offering outstanding speed and seakeeping performance with the luxury and facilities of a true superyacht. Equipped for all manner of pursuits, Oxygen’s […]
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• New wind class rating for the entire range optimizing portfolio for all wind regimes • New efficiency packages boosting the annual energy yield of all Gamma Generation wind power systems Nordex SE will be unveiling its new N117/2400 wind power system at the European wind power conference EWEA, which is taking place on March […]
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The most extensive science and engineering research project to take place in Caithness for many years is occurring this month (September, 2014) from a base at Gills Harbour, on the shores of the ‘s Inner Sound. Expensive high-tech equipment, under the TIME initiative, has been laid on the Sound’s seabed from the 25-metre-long ‘multi-cat’ vessel […]
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Someone other than Borr has finally acquired a newbuild jackup. And other established rig owners are likely to follow.
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Noble Corporation today reported fourth quarter 2011 earnings of $127 million, or $0.50 per diluted share, compared to $135 million, or $0.53 per diluted share, for the third quarter of 2011. Earnings for the fourth quarter 2010 totaled $99 million, or $0.39 per diluted share. Contract drilling services revenues for the fourth quarter of 2011 […]
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It’s gotta stop at some point. And it will. There’s more excitement coming.
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The Los Angeles Harbor Commission today certified the final Environmental Impact Report for the proposed expansion of Berths 302-306 and approved the project that will modernize the container terminal operated by long-time tenant Eagle Marine Services, Ltd., a subsidiary of ocean carrier APL. Due to begin in late 2012, the two-year marine terminal redevelopment project […]
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The Los Angeles Harbor Commission today certified the final Environmental Impact Report for the proposed expansion of Berths 302-306 and approved the project that will modernize the container terminal operated by long-time tenant Eagle Marine Services, Ltd., a subsidiary of ocean carrier APL. Due to begin in late 2012, the two-year marine terminal redevelopment project […]
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Business & Finance, Vessels
The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshore wind projects, as the sector is getting more room to use its own fleet instead of deploying vessels from the oil & gas industry, which can be costly if high oil price is driving increased oil & gas […]
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Authorities & Government, Environment, Innovation, Regulation & Policy, Research & Development, Rules & Regulation, Transition
With the EU advancing on its plans to include international shipping in its Emissions Trading System (ETS), the pressure is on for the international maritime industry to introduce a market-wide measure to pay for its share of emissions. Under the plan, the EU wants to include the maritime sector into the trading scheme from January […]
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The theme for 2017 was perseverance. For 2018, it’s adaptation.
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With the “fiscal cliff” in the United States and the Euro zone debt crisis and an incomplete reform of the finance sector, it is certainly taking the global economy enough time to get back in shape. The economic well-being of the shipping industry, especially of container shipping, is tightly interlinked with the global economic cycles. […]
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With the “fiscal cliff” in the United States and the Euro zone debt crisis and an incomplete reform of the finance sector, it is certainly taking the global economy enough time to get back in shape. The economic well-being of the shipping industry, especially of container shipping, is tightly interlinked with the global economic cycles. […]
