Business & Finance
10,000 TEU Boxship Joins Navios Containers’ Fleet
Navios Maritime Containers takes delivery of a secondhand 10,000 TEU containership.
Aker BP profit slips on lower sales volume and prices
Norwegian oil and gas company Aker BP saw a decrease in its quarterly profit and revenues due to a combination of factors including lower sales volume and prices and higher costs. According to Aker BP’s financial statements published on Friday, the company’s total income in 1Q 2019 was $836 million
Western Bulk Gets New CEO
Western Bulk appoints Hans Aasnæs as the new Chief Executive Officer of the company.
TechnipFMC Earnings Drop, Orders Jump
TechnipFMC has reported first-quarter 2019 profit of $20.9 million or 5 cents per diluted share. The services major has seen a 78 percent decrease compared to net profit of $95.1 million same time last year. Adjusted earnings per share for the quarter were 6 cents, excluding charges and credits. Rev
CMA CGM Rolls Out New Digital Solution
CMA CGM launches eSolution, a digital system aimed at enhancing the customer experience.
OSIL Buoy for ORION Coastal Erosion Project
Ocean Scientific International Ltd (OSIL) has supplied a 1.2m data buoy platform to the “ORION” joint research and development center in Nicosia, Cyprus, for use as a real-time monitoring station on an EU-funded project managing coastal erosion. According to OSIL, “The Harmonized Coastal Corrosion M
DFDS Invests in Startup to Develop, Test Marine Biofuel
DFDS wants to develop a commercially viable alternative to fossil fuels, including testing on a ferry.
New Scottish Initiative Links Offshore Wind Innovators and Academia
The Knowledge Exchange Network (KEN) is launching a new initiative aimed at giving Scottish businesses a head start in developing offshore wind products and services with the help of academic expertise. The initiative features the Energy Technology Partnership (ETP), an alliance of 13 Scottish unive
New Scottish Initiative Links Offshore Wind Innovators and Academia
The Knowledge Exchange Network (KEN) is launching a new initiative aimed at giving Scottish businesses a head start in developing offshore wind products and services with the help of academic expertise. The initiative features the Energy Technology Partnership (ETP), an alliance of 13 Scottish unive
Iberdrola Feels Wikinger Bump
Iberdrola’s Renewables business posted an operating profit of EUR 683.6 million in the first quarter of 2019, up by 13.3% compared to the same period a year earlier, driven in part by the contribution from the Wikinger offshore wind farm. The Spanish energy company’s offshore wind farms produced 643
Alphaliner: Boxship Scrubber Retrofits to Surge Ahead of IMO 2020
Alphaliner: 16 containerships, ranging from 2,900 TEU to 18,000 TEU, are undergoing retrofit in the Far East.
New Ocean Energy Europe Report Calls for Revenue Support
Europe continues to lead the world in ocean energy deployments, and last year its tidal projects produced record volumes of electricity, according to yearly statistics published by Ocean Energy Europe. In 2018, European tidal stream installations reached 26.8MW, and wave energy installations 11.3MW.
PaxOcean Hands Over WID Giovanni Venturi to Jan De Nul
PaxOcean Shipyard Singapore has successfully redelivered the Water Injection Dredger Giovanni Venturi to Jan De Nul Group safely and on schedule. Giovanni Venturi was converted from an Offshore Supply Vessel and undergone removal, conversion and repair works while in the shipyard. The newly converte
Two Chinese companies join Novatek’s Arctic LNG 2 project
Russia’s Novatek has entered into agreements with two Chinese companies under which they will acquire participating interest in Novatek’s Arctic LNG 2 project.