Search results for: race bank

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  • Seadrill Partners files for voluntary Chapter 11 protection

    1 December 2020
    Business & Finance, Business Developments & Projects

    Offshore drilling contractor Seadrill Partners has filed voluntary petitions under Chapter 11 of the Bankruptcy Code to preserve value and to continue the operation and marketing its assets.

  • MOL secures transport deal for wind-powered coal carrier

    10 December 2020

    Japanese shipowner Mitsui O.S.K. Lines has reached a coal transport deal with Tohoku Electric Power Co., using a coal carrier equipped with a hard sail wind power propulsion system, also known as the Wind Challenger. Construction of the vessel will start at Oshima Shipbuilding aiming to start operation in 2022. The introduction of the Wind […]

  • Port of Sohar Expansion Kicks Off (Oman)

    20 May 2013

    Under the auspice of HE Said Hamdoon, Undersecretary Ministry of Transport and Communication, Oman International Container Terminal ground breaking ceremony took place on May 16th to mark the start of the expansion of their container terminal capacity in Sohar. The construction will pave the way to increase the terminals’ capacity from the current 800,000 TEU […]

  • UK: Partrac Celebrates 10th Anniversary

    24 September 2013
    Business & Finance, Equipment, Technology

    Expert marine data acquisition and consultancy company Partrac Ltd, is celebrating its 10th anniversary. The three founding directors Kevin Black, Peter Wilson and Sam Athey, started the business in 2003 sitting around a table with just a pen, a notebook and a telephone. Partrac now has a solid reputation for delivering high quality data to […]

  • Maersk Drilling in new round of layoffs

    8 May 2020
    Business & Finance, Business Developments & Projects, Human Capital

    Offshore drilling company Maersk Drilling has decided to take another swing with the job axe and lay off even more staff.

  • Greece’s first offshore LNG terminal coming online in 2024 to bolster Europe’s low-carbon energy mix

    9 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    An FSRU, currently under conversion, will secure low-emission energy while enhancing Southeastern Europe’s diversification of gas sources.

  • SCPA’s Leatherman Terminal readies for March 2021 opening

    9 October 2020
    Ports & Logistics

    South Carolina Ports expects the construction of the Hugh K. Leatherman Terminal to be completed by March 2021 enabling the facility to welcome its first ships. The new facility is the country’s first container terminal to open since 2009. In the $1 billion worth phase one, the terminal will add 700,000 TEUs of annual throughput […]

  • CMA CGM remains optimistic despite coronavirus

    8 June 2020
    Business & Finance, Business Developments & Projects

    Despite challenges caused by the coronavirus pandemic, French container shipping major CMA CGM closed the first quarter of this year with a positive net result.

  • NY State Study Says Hudson River PCB Cleanup Not Complete

    21 December 2018
    Business & Finance

    Governor Andrew M. Cuomo has released a study by the NY State Department of Environmental Conservation showing General Electric’s cleanup of PCB contamination in the upper Hudson River is incomplete and not protective of public health and the environment. New York State is demanding that the U.S. Environmental Protection Agency not issue a Certificate of Completion to […]

  • The ripple effect on trade of one giant ship stuck in Suez

    25 March 2021
    Business & Finance, Vessels

    Ever Given made headlines yesterday following its grounding in one of the key bloodlines of the global trade, namely the Suez Canal. Specifically, 12% of world trade takes place through the Suez Canal, and estimates from Bloomberg indicate that the blockage has halted $9.6 billion worth of traffic a day. The colossal ship, spanning 400 […]

  • FSG sends its 1st vessel on a multi-day test voyage following restructuring

    24 January 2023
    Business Developments & Projects, Green Marine, Vessels

    MV Tennor Ocean, a 210-metre-long RoRo newbuild under construction at German shipyard Flensburger Schiffbau-Gesellschaft (FSG), set off on a test voyage from Flensburg heading for Bremerhaven. The ferry is on the move to Dock 3 at Lloyd Werft. During its week-long stay there, the shipbuilders of FSG will carry out the remaining work on the […]

  • Green and blue hydrogen investments to jump in 2021

    9 December 2020
    Market Outlooks, Outlook & Strategy, Transition

    Hydrogen production is expected to see a significant hike in investment in 2021, as more hydrogen projects get the green light.

  • Relationship with Hurricane ‘deteriorated dramatically’, investor says

    4 March 2021
    Business & Finance, Business Developments & Projects

    Activist investor Crystal Amber, which holds more than 11 per cent of Hurricane Energy, stated it would take “appropriate action” to maximise Hurricane’s potential.

  • Survey: Coronavirus pandemic a catalyst for shipping’s digitalization

    22 July 2020
    Automation, Infrastructure, IT & Software

    The coronavirus pandemic is proving to be a catalyst for the digitalization of shipping, prompting ocean supply chain stakeholders to abandon manual processes and embrace automation to drive business growth, a new survey by transport management systems provider Haven Inc shows. The survey found that global business lockdowns had highlighted the time and cost savings […]

  • USA: Port of Baltimore to Accommodate Extra Large Ships

    9 May 2013
    Business & Finance

    Governor Martin O’Malley, joined by Baltimore Mayor Stephanie Rawlings-Blake and private sector partners from Highstar Capital and Ports America Chesapeake, yesterday led celebration of a new 50-foot-deep berth and four supersized container cranes at the Port of Baltimore’s Seagirt Marine Terminal. The project is part of a larger public-private partnership (P3) agreement that is supporting […]

  • Canadian oil & gas player facing charges over FPSO incident

    19 December 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation

    Regulator has laid charges against Suncor Energy related to an incident from 2019 on an FPSO off Canada, in which a worker was injured.

  • Operator looking to decarbonise new North Sea project with floating wind

    18 April 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Rules & Regulation, Vessels

    A proposed development concept for a new North Sea project has received approval from the UK’s offshore regulator.

  • Stage set for Western Gas to drill ‘one of the most anticipated exploration wells’ in Australia

    7 April 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    After confirming rig mobilisation date, Western Gas has set all the wheels in motion to drill the Sasanof-1 well on the North West Shelf.

  • U.S. player consolidates ownership of Gulf of Mexico assets by increasing its stake

    5 April 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Following the acquisition of the remaining interests, W&T Offshore has successfully consolidated its ownership of the Gulf of Mexico assets.

  • Southern Hemisphere’s 1st all-electric ferry launched in NZ

    19 January 2022
    Business Developments & Projects, Environment, Infrastructure, Outlook & Strategy, Regulation & Policy, Transition, Vessels

    East by West Ferries has officially launched Ika Rere, the Southern Hemisphere’s first fully electric, zero-emission passenger ferry.

  • HRI: Research Shows Effects of Opening Channels on Marine Life (USA)

    12 May 2014
    Business & Finance, Equipment, Technology

    Coastal communities will have another tool to understand the impact of opening tidal inlets in terms of the abundance of marine life and tourist dollars with the latest data from Harte Research Institute for Gulf of Mexico Studies. “There are areas all along the Gulf Coast experiencing this problem of closed tidal inlets due to […]

  • MSWC Creates Emergency Dredging Plan (USA)

    18 February 2013
    Business & Finance

    With current water levels in Lake Michigan and Lake Huron at all-time lows – and levels in lakes Michigan, Huron and St. Clair expected to continue dropping – the Department of Natural Resources (DNR) announced that the Michigan State Waterways Commission (MSWC) has adopted an emergency dredging plan that will provide zero-match grant funding opportunities […]

  • Q1 demand for Alfa Laval’s scrubbers down

    28 April 2020
    Business & Finance, Equipment

    Swedish engineering group Alfa Laval saw a significant drop in demand for its exhaust gas cleaning systems (scrubbers) during the first quarter of this year, the company said in its quarterly report. The order intake was down year-on-year amid general uncertainty around retrofit yard slot availability due to the COVID-19 pandemic especially impacting shipbuilders in China as […]

  • MSubs Gets Contract for XL Autonomous Submarine Development

    13 March 2020
    Equipment, Project & Tenders, Research & Development

    Plymouth-based MSubs has been awarded an initial £1-million contract to build a test submarine that will be used to explore the potential capabilities of larger uncrewed underwater vehicles in the future. Measuring about 30 feet in length, this autonomous submarine is significantly larger than autonomous submarines used for beach reconnaissance, allowing it to operate at […]

  • In focus: Clean fuels make a grand entrance into maritime and offshore energy space

    9 June 2023
    Business Developments & Projects, Innovation, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vessels

    The decarbonization of maritime industry is increasingly picking up pace, led by new zero-emissions and hybrid-powered vessels, as ever-innovative offshore renewables sector finds new ways to produce green hydrogen – one of the most promising clean fuels in the energy transition story.