Search results for: announces

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  • 14 January 2021
    Business & Finance, Business developments & projects

    Danish wind turbine manufacturer Vestas plans to lay off around 220 people in the process of integrating its offshore and onshore wind organisations. Vestas has recently acquired MHI Vestas Offshore Wind, and following the closing of the agreement with MHI, the company has begun the integration of Vestas and MHI Vestas into one organisation that […]

  • 25 November 2020
    Business developments & projects, Innovation, Outlook & strategy, Research & Development, Technology

    Orbital Marine Power has revealed its intention to launch a crowdfunding campaign through the Crowdcube investment platform in the weeks ahead.

  • 29 October 2020
    Authorities & Government, Business developments & projects, Collaboration, Environment, Outlook & strategy, Transition, Vision

    The Republic of Korea and the International Maritime Organization (IMO) have signed an agreement to establish a four-year training programme to support developing states to reduce greenhouse gas (GHG) emissions from shipping.

  • 27 October 2020

    During this live interview, the TU Delft Solar Boat team presented their goals and announced their plans for the coming year. The multidisciplinary team of 20 students is working on technical innovations and engineering that they apply on their solar sailing boat, including the development of hydrofoil technologies. In a live interview via Zoom, a […]

  • 14 August 2020
    Business developments & projects, Human Capital, Outlook & strategy

    Finnish shipbuilder Meyer Turku has concluded the first phase of employee cooperation negotiations (YT negotiations) that will result in the permanent layoff of 166 people.

  • 21 July 2020
    Business & Finance

    Vattenfall’s results for the second quarter of the year show a decrease in net sales and underlying operating profit of its wind business, compered to the same period in 2019. The company posted the Q2 results on 21 July, stating that the decrease is due to lower wind speeds, lower electricity prices and lower availability, […]

  • 1 June 2020
    Business & Finance

    Oil and gas exploration firm Neptune Energy has appointed Mehdi Bouguetaia to take on the role of Algeria managing director. Bouguetaia joins Neptune from Shell where he was technical support and subsea operations general manager with Rashpetco JV in Egypt. An Algerian national, he started his career with Shell in Aberdeen, UK, as a process […]

  • 28 May 2020
    Research & Development, Technology, Transition

    The Testing Expertise and Access for Marine Energy Research (TEAMER) program is now accepting applications for testing and expertise support. Announced by the US DOE last year, TEAMER’s mission is to accelerate the viability of marine renewables. It provides access facilities and expertise to solve challenges, build knowledge, foster innovation, and drive commercialization. TEAMER program will […]

  • 8 April 2020
    Business & Finance

    Alabama Governor Kay Ivey has announced that the National Fish and Wildlife Foundation (NFWF) recently awarded nearly $24 million from its Gulf Environmental Benefit Fund (GEBF) to four new projects in the state of Alabama. The projects, developed in consultation with state and federal resource agencies, are designed to remedy harm and reduce the risk […]

  • 31 March 2020
    Business & Finance

    Louisiana Congressman Clay Higgins has announced that the U.S. Department of the Interior will award Louisiana $155.7 million in GOMESA revenue-sharing funds. The funding, which is derived from offshore energy production, will be used to finance coastal restoration efforts in Louisiana. The State of Louisiana will administer $124,574,775.95, and the remaining $31.14 million will be […]

  • 30 March 2020

    Finnish Konecranes to temporarily lay off some 2,000 employees.

  • 30 March 2020
    Infrastructure, Ports & Logistics

    Finnish Konecranes has unveiled intentions to temporarily lay off some 2,000 employees as a result of coronavirus impact on the company’s operations. The company said it has invited Finnish works council representatives to negotiations regarding the layoffs which would cover all of Konecranes’ Finnish operations. The layoffs are primarily driven by the business disruption caused by […]

  • 13 March 2020
    Business & Finance

    Japanese shipping giant NYK unveiled what it claims to be the world’s first onboard use of digital currency.

  • 3 March 2020
    Business & Finance

    The Port of Townsville, Queensland, has announced two major contracts for the $193 million Channel Upgrade Project. The contracts, worth a total of more than $10 million, are for rock wall construction and rock delivery. Under the contract, Queensland company Hall Contracting will build a 2.2km rock wall, forming a protective bund around a 62-hectare […]

  • 26 February 2020
    Business & Finance

    Wisconsin Governor Tony Evers yesterday announced a $29 million Harbor Assistance Program grant for improvements needed at the Port of Marinette to allow for the production of the next generation of navy ships. Fincantieri Marinette Marine, a premiere shipbuilder located at the port, intends to continue a site improvement project. That project includes the construction […]

  • 21 February 2020
    Business & Finance

    Louisiana Governor John Bel Edwards yesterday announced his priorities for the state’s coastal program for his next four years in office. Edwards also announced the state will receive its maximum payment from the Gulf of Mexico Energy Security Act (GOMESA) for the first time. In addition, he committed at least $115 million in state surplus […]

  • 18 February 2020
    Business & Finance

    California Representative Mike Levin announced last week that the U.S. Army Corps of Engineers will allocate $400,000 in federal funding for the Planning, Engineering & Design (PED) phase of the Encinitas-Solana Beach Coastal Storm Damage Reduction Project. The Army Corps also allocated $505,000 for the PED phase of the San Clemente Shoreline Project. The announcement […]

  • 12 February 2020
    Business & Finance

    Louisiana Representative Steve Scalise has announced that the U.S. Army Corps of Engineers 2020 Work Plan includes critical funding for infrastructure projects in Louisiana, including $85 million to deepen the Mississippi River to 50 feet. “After years of hard work, I’m very glad that the Corps included over $160 million for critical infrastructure projects in […]

  • 30 January 2020
    Business & Finance

    MODEC revised its consolidated forecast for 2019 amid the recording of extraordinary loss.

  • 23 January 2020
    Business & Finance

    The U.S. Environmental Protection Agency (EPA) has signed a $2.5 million agreement to design a project that will remediate contaminated sediment and create a substantial new habitat at the Ralph C. Wilson, Jr. Centennial Park, a waterfront park being developed in Detroit. The contaminated sediment is within the Detroit River Area of Concern (AOC), identified […]

  • 7 January 2020
    Business & Finance

    Maersk Tankers is launching a new standalone digital business.

  • 13 December 2019
    Business & Finance

    The U.S. Environmental Protection Agency (EPA) has announced a $245 million agreement for the cleanup of the Allied Paper Inc./Portage Creek/Kalamazoo River Superfund Site. The agreement marks a milestone in efforts to clean up Superfund sites in the Great Lakes region, and especially to address the legacy of paper mill generated PCB contamination in the […]

  • 13 November 2019
    Business & Finance

    Mississippi Governor Phil Bryant announced a list of 15 restoration projects for 2019 during the annual Mississippi Restoration Summit in Biloxi yesterday. When implemented, these projects will add more than $53 million to the total of more than $560 million already being spent on restoration projects in the wake of the 2010 Deepwater Horizon oil […]

  • 8 November 2019
    Business & Finance

    The Executive Board of Van Oord has announced that as of 1 January 2020, Paul Verheul will take over the position of Hans van der Ven and has been appointed as Executive Director of MerweOord B.V., the Van Oord family holding company. According to Van Oord, it’s the intention that Paul will also be nominated […]

  • 7 November 2019
    Business & Finance

    The federal government has awarded the Jacksonville Port Authority a $20 million grant for the reconstruction of more than 100 acres of existing terminal pavement at the SSA Jacksonville Container Terminal at JAXPORT’s Blount Island Marine Terminal. The funding is part of a $238 million plan to expand and upgrade the facility, with more than […]