Search results for: Sage

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  • 19 October 2018
    Business & Finance

    Unionized workers of the South Korean shipbuilder Hyundai Heavy Industries held four-hour strike.

  • 22 May 2020
    Vessels

    South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has delivered HMM Copenhagen, its second 24,000 TEU containership from a batch of twelve units, to the compatriot shipping company HMM. The newbuilding joins its sister ship HMM Algeciras in taking the title of the world’s largest containerships based on carrying capacity. HMM Copenhagen is […]

  • 26 June 2013

    Sino Gas & Energy announced that PSC operator, Sino Gas & Energy (SGE), has signed its first gas sales agreement, allowing pilot production to commence as early as December 2013. Commenting on the signing of the agreement, Robert Bearden said “The Linxing PSC gas sales agreement is a significant milestone in Sino Gas’ drive towards […]

  • 16 October 2012

    Two weeks ago, an emergency dredging project near Bowditch Point at the Matanzas Pass has begun. The Fort Myers Beach officials proposed a plan which includes the placing of the dredged sand onto the Newton Beach, located about one to two miles south from the Bowditch Point, according to abc-7.com. Alan Mandel, Fort Myers Beach […]

  • 24 February 2016
    Business & Finance, Environment, Human Capital

    The Sheringham Shoal Community Fund has awarded a grant of GBP 7,000 to the Energy Rescuers project which is running educational children’s workshops in 35 North Norfolk schools. During these workshops, Key stages 1 and 2 children, aged between 5 and 11, are learning about the importance of saving energy and the ecological benefits of renewable […]

  • 30 October 2019
    Business & Finance, Project & Tenders

    Global Marine Group, a HC2 Holdings’ Marine Services Segment, has agreed to sell its stake in Huawei Marine Networks, its 49% joint venture with Huawei Technologies, to Hengtong Optic-Electric.  The sale of GMG’s interest values HMN at $285 million, and GMG’s 49% stake at approximately $140 million. Under the agreement, GMG will sell 30% of […]

  • 21 April 2011

    In the last few years, Amarcon had a devoted focus on the development of a fuel saving extension within the OCTOPUS-Onboard decision support system: OCTOPUS-Performance. The Performance extension gives a new dynamic approach to voyage planning. It combines all relevant measurements and forecasts with a new algorithm which will assist the master to reach the […]

  • 16 April 2014
    Business & Finance, Research & Development

    Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Proposed Western Gulf of Mexico Lease […]

  • 18 October 2017
    Business & Finance

    The first round of bids for the India-flagged platform support vessel Malaviya Seven was not even close to the amount needed for its crew’s unpaid wages. Irish auctioneering firm Dominic J. Daly & Co. started the auction process on October 17, however, the company soon withdrew the ship as it received a bid of only GBP 300,000 […]

  • 6 June 2016

    Hercules Offshore, a shallow-water offshore drilling contractor, has filed for bankruptcy protection again. The U.S.-based offshore driller filed for bankruptcy in a Delaware court on Monday, June 6. Under the terms of the Plan, all of the Company’s assets will be marketed for sale, and those left unsold at the completion of the Chapter 11 […]

  • 12 November 2020
    Business & Finance, Environment, Rules & Regulation, Transition, Vessels

    Dry bulk shipping company Safe Bulkers wants to gradually renew its fleet with modern designs compliant with the new environmental regulations. In line with those efforts, in October 2020, the company signed a deal to buy a Japanese-built, Kamsarmax class, 82,000 dwt, newbuild bulker with a scheduled delivery within the first half of 2022. Safe […]

  • 24 February 2016
    Business & Finance, Environment, Human Capital

    The Sheringham Shoal Community Fund has awarded a grant of GBP 7,000 to the Energy Rescuers project which is running educational children’s workshops in 35 North Norfolk schools. During these workshops, Key stages 1 and 2 children, aged between 5 and 11, are learning about the importance of saving energy and the ecological benefits of renewable […]

  • 27 November 2020
    Business & Finance, Business developments & projects

    Malaysian energy giant Petronas posted a loss for the nine months of 2020.

  • 28 April 2020
    Equipment, Technology

    Olis Robotics has reached a new agreement with Aleron Subsea to lead sales, distribution and support of its machine-learning ROV manipulator controllers. The Olis Master Controller is providing value for ROV inspection, repair, and maintenance (IRM) operators. The controller’s intuitive interface, ease of integration and straightforward training make it a requirement for new ROVs and […]

  • 14 August 2018
    Business & Finance

    Safe Bulkers has availed of attractive prices to expand its presence in the Capesize market.

  • 4 August 2017
    Business & Finance

    Classification society DNV GL has carried out its first offshore drone survey on the semi-submersible vessel Safe Scandinavia in the North Sea. This 25,383 gross ton tender support vessel (TSV) is owned and operated by Prosafe, supporting Statoil’s drilling operations off the coast of Norway. Using camera-equipped drones, DNV GL’s drone pilots checked the TSV’s fairleads and their […]

  • 18 September 2017

    Aberdeen Sheriff Court has ordered the sale of the India-owned platform support vessel Malaviya Seven, which has been detained in Aberdeen since June 2016 over unpaid wages to the ship’s crew.  The 12 crew members that remain onboard are said to be owed from August 2016 to date. The order, confirmed to World Maritime News by ITF, comes […]

  • 20 March 2018
    Business & Finance, Human Capital

    Vattenfall is planning to terminate approximately 1,500 full-time positions in the next phase of the previously announced cost-saving program.

  • 10 April 2015
    Business & Finance, Equipment, Technology

    Caterpillar has introduced its new Cat® 320D2 GC hydraulic excavator, engineered for low operating costs, simple routine maintenance, high productivity and long-term durability. Equipped with a four-cylinder, turbocharged Cat 3054CA engine, the new model is exceptionally fuel efficient, delivering fuel savings up to  19 percent, compared with the C7.1 engine on the 320D2. This machine features […]

  • 29 August 2013

    U.S. Senator David Vitter (R-La.) made the following statement after the U.S. Department of Interior’s offshore lease sale for the Western Gulf of Mexico, noting that the revenue levels for offshore leasing are far below what it could be. “Today’s lease sale was only the fourth since the 2010 drilling moratorium. The five-year lease sale […]

  • 24 October 2019
    Business & Finance

    The labor union’s demands include raising the basic monthly wage by KRW 123,000 won (USD 105).

  • 19 September 2014
    Business & Finance

    China Cosco Holdings Company Limited  had disassembled eight bulk carriers with the aggregate capacity of 553,798 deadweight tonnes throughout July and August 2014. The scrapping is in line with Cosco’s recent decision regarding restructuring of its shipping fleet, and the decommissioning and disposal of aged vessels. The vessels, sold as scrapped to third-party buyers for RMB 155.5 million (USD […]