Search results for: Funding

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  • 21 May 2015

    Brazil’s oil and gas giant Petrobras signed a cooperation agreement with the China Development Bank.

  • 4 June 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The Partnership for Research in Marine Renewable Energy (PRIMaRE) has launched a call for funding applications meant for those seeking to expand their knowledge in marine renewable energy sector.

  • 14 May 2010

    Subsea cable specialist Offshore Marine Management (OMM) has strengthened its position in Germany through its registration as a GmbH company (Offshore Marine Services GmbH). OMM has steadily increased its German client base since opening a project office in Bremen in August 2009.

  • 24 September 2012
    Business & Finance

    U.S. Senator Mary L. Landrieu, D-La., chair of the Homeland Security Appropriations Subcommittee, announced $250 million for Bollinger Shipyards in Lockport, La., to build six Fast Response Cutters (FRCs) for the Coast Guard. Sen. Landrieu included funding for these vessels in the FY 2012 federal spending bill. “Acquiring funding for these fast response cutters was […]

  • 29 April 2015
    Authorities & Government, Business & Finance, Research & Development, Technology

    The Energy Department has announced USD 10.5 million in available funding to support the design and operation of innovative marine and hydrokinetic (MHK) systems through survivability and reliability-related testing of these systems. The ‘Next-Generation Marine Energy Systems – Durability and Survivability’ funding opportunity will focus on reducing the costs of MHK systems in the early […]

  • 28 September 2015
    Project & Tenders

    Marine energy company Minesto, recently given a €13M investment from the European Regional Development Fund through the Welsh Government, announced that they have received an additional €3.5M from KIC InnoEnergy. The funding is dedicated to ensure that the first commercial scale power plant is installed in 2017 in co-operation with partners McLaughlin & Harvey and KTH […]

  • 27 March 2014
    Business & Finance

    CIT Maritime Finance provided a $46.4 million senior secured credit facility to Epic Gas Ltd. Headquartered in Singapore, Epic Gas owns and operates a fleet of seaborne gas carriers to transport liquefied petroleum gas (LPG) and petrochemicals. The facility was used to partially finance the acquisition of a fleet of five LPG tankers that includes […]

  • 20 May 2016

    Recent changes to the Canadian Federal government’s New Building Canada Fund (NBCF) aim at enabling significant investments in infrastructure systems, including ferry replacement and refits, paving way for ferry owners, operators and shipbuilders to benefit from this initiative. Ferry operators across Canada will be given access to the fund that may inject billions of dollars of transportation infrastructure […]

  • 28 October 2015
    Business & Finance

    Minesto, a Swedish wave energy developer, has secured SEK 145 million (€15.5 million) and attracted 2,500 new shareholders following the issue of new shares. According to Minesto, the company has ensured a fully funded business plan for the development of its Deep Green wave energy technology. Anders Jansson, CEO of Minesto, said: “In total Minesto […]

  • 12 August 2015
    Authorities & Government, Business & Finance, Research & Development, Technology

    The Basque Energy Agency (Ente Vasco de la Energía; EVE) will financially support demonstration and validation of emerging marine energy technologies with EUR 2.5 million. Specifically, subsidies will be made available for pilot projects demonstrating and validating full scale, or almost full scale, prototypes of wave energy converters, floating wind platforms, and offshore wind turbines. Funding also covers prototypes of […]

  • 6 September 2016
    Business & Finance, Research & Development, Technology

    UK-based wave energy developer, Wave-tricity, has been granted £4 million for the deployment of its wave energy device off Pembrokeshire.

  • 15 October 2015
    Vessels

    South Korea’s SK Shipping is reportedly planning to raise $US600 million for the construction of four new LNG tankers.

  • 28 September 2017
    Business & Finance, Equipment, Research & Development

    Economy and Infrastructure Secretary, Ken Skates has announced £4.5 million of EU and Welsh Government funds to help boost the marine and tidal energy sector in North Wales. The funding will support Menter Môn’s £5.6m Morlais scheme which will help accelerate the development and commercialisation of multiple tidal stream technologies in the Morlais Demonstration Zone […]

  • 17 December 2014

    EU will invest €2.5 million for studies and pilot construction of an LNG terminal in the seaport of Bremen, through its Ten-T programme.

  • 26 June 2017
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    BioPower Systems (BPS) has secured funds from the Australian government for a project looking to develop a standardized power conversion module for ocean energy applications.

  • 21 September 2015
    Vessels

    BW Pavilion LNG, a joint venture between BW Group and Pavilion Energy, has secured loan facilities of US$360 million in total to fund its two LNG newbuildings.

  • 14 February 2020
    Business & Finance

    The recently announced U.S. Army Corps of Engineers (USACE) Fiscal Year (FY) 2020 Work Plan includes $19 million in funding for the Freeport Harbor Channel Improvement Project (FHCIP). Port Freeport, Texas, is one of two seaports nationwide to receive a “new start” designation for commencement of construction. The estimated total cost of the project is […]

  • 22 April 2015
    Business & Finance

    DONG Energy has committed to a Community Benefit Fund (CBF’) worth up to £660,000 each year, which will go ahead if the company makes a positive financial investment decision to construct the extension to the Walney offshore wind farm, and would come into effect after the construction starts, which is currently estimated to be at the end of 2015. The […]

  • 11 December 2018
    Business & Finance

    Goldilocks, a UAE-incorporated fund, has acquired an 18.3% stake in Gulf Navigation.

  • 13 December 2018
    Business & Finance

    FSL is to sell ageing vessels in order to collect funds for the construction of two new tankers.

  • 23 March 2018
    Business & Finance

    The fund has been set up by Breakwave Advisors in partnership with ETF Managers Group.

  • 20 November 2019
    Business & Finance

    The Port of Seattle approved its 2020 budget and five-year capital plan yesterday, making room for future development projects. According to the port, the budget and capital improvement plan support regional economic and community priorities by investing in new developments. The Port of Seattle held 14 public briefings and meetings on the budget, beginning in […]