Business & Finance
Swire Shipping, Lodestar Team Up on New Zealand-Asia Service
Pulp, timber and forest product related cargo would be shipped from New Zealand’s ports to Asian ports.
Stena Estrid Wraps Up Sea Trials in China’s Yellow Sea
The vessel is now on schedule to start operating on the Dublin to Holyhead route in early 2020.
Carnival Takes Delivery of Third Vista-Class Unit from Fincantieri
Carnival Panorama completed sea trials in June this year.
Ferry-Swap Deal between DFDS and Moby Fails
DFDS and its Italian counterpart Moby have canceled an agreement related to Amsterdam-Newcastle ferries.
Ørsted Revises Offshore Production Forecasts Downward
Ørsted has revised its offshore wind production forecasts after concluding that the company’s current production forecasts underestimate the negative impact of the blockage effect and the wake effect. The blockage effect arises from the wind slowing down as it approaches the wind turbines. There is
USACE Coastal Restoration Mission Continues
It’s been seven years since the Army Corps’ New York District began its mission in response to Hurricane Sandy. Sandy made history as the largest Atlantic hurricane on record when it made landfall on Oct. 29, 2012. With wind gusts in excess of 75 miles per hour and storm surge that inundated much of
New Capacity, Strong Winds Lift Ørsted
Ørsted has reported an operating profit (EBITDA) of DKK 12.9 billion (EUR 1.73bn) for the first nine months of 2019, up 19% compared to the first nine months of 2018, keeping the company ”well on track to deliver on our full-year guidance.” Earnings from offshore wind farms in operation increased by
New Capacity, Strong Winds Lift Ørsted
Ørsted has reported an operating profit (EBITDA) of DKK 12.9 billion (EUR 1.73bn) for the first nine months of 2019, up 19% compared to the first nine months of 2018, keeping the company ”well on track to deliver on our full-year guidance.” Earnings from offshore wind farms in operation increased by
Maersk, Wallenius Wilhelmsen to Lead Development of LEO Fuel
Shipping companies A.P. Moller-Maersk and Wallenius Wilhelmsen team up with clients to form the LEO Coalition.
Korea Plans Eco-Friendly Fuel Conversion for 140 ships by 2030
Larger state-owned ships would run on LNG, while the smaller ones would use electric or hybrid propulsion.
ConocoPhillips profit slips on lower oil prices
U.S. oil major ConocoPhillips recorded a smaller quarterly profit in 3Q 2019 due to lower realized oil prices and higher exploration expenses. ConocoPhillips on Tuesday reported third-quarter 2019 earnings of $3.1 billion, compared with third-quarter 2018 earnings of $1.9 billion. Excluding special
Scottish Offshore Wind Energy Council Sets 8GW by 2030 Goal
The Scottish Offshore Wind Energy Council (SOWEC) has officially launched, calling for the goal of having at least 8GW of offshore wind in Scottish waters by 2030. The council, launched on 29 October, said it aims to lead and support the industry, boost the local content of projects and increase job
Jan De Nul Kicks Off Maputo Port Dredging
Maintenance dredging operations along the access channels of Maputo Port in Mozambique are officially underway, the port said in its latest release. Jan de Nul’s dredging vessels Francesco de Giorgio and Henri Pitot arrived in the port on October 14 and started the dredging work two days later. The
Chilean Telecom Operator Strengthens Capacity with Infinera
Chilean telco Gtd has deployed Infinera solutions to increase capacity across its terrestrial network in Chile and its subsea networks for “Prat,” a submarine optical fiber project that is set to provide high-quality internet for Gtd’s national territory in Chile. Gtd operates subsea and terrestrial