Business & Finance
Renewable UK: Wave and Tidal Industry Could Create 10,000 Jobs in Next 8 Years
The latest research from Renewable UK, the leading renewable energy trade association in the UK, has revealed that approximately 10,000 jobs could be created in the wave and tidal industry within the next eight years. The study also highlighted the current dearth of talent in the renewable energy se
Denmark: First Survey on Effect of Offshore Wind Farms on Fish Life
The first survey of how offshore wind farms affect the fish life is complete. It shows that wind turbines and fish co-exist in perfect harmony. The stock of some fish species has actually increased. While the preparations for erecting the first wind turbines at Anholt Offshore Wind Farm are well und
Germany: State of Lower Saxony Assents to Adjustment of Elbe Navigation Channel
The cabinet decision taken in Lower Saxony on Tuesday, 3 April 2012, means that the required assent from the three states of Hamburg, Schleswig-Holstein and Lower Saxony for the adjustment of the navigation channel on the Lower and Outer Elbe has now been received. Frank Horch, Hamburg’s Minister of
Greece: Capital Product Partners LP Sells MT ‘Aristofanis’
Capital Product Partners L.P. yesterday announced the sale of the M/T ‘Aristofanis’ (12,000 dwt, built 2005 Baima Shipyard, PRC). The vessel was sold to an unrelated third party and proceeds from the sale were used to repay bank debt. Following the completion of this sale, all of the Partnership’s v
The Netherlands: Fugro and Van Oord Jointly Develop Walking Jack-Up Barge
The innovative large walking jack-up barge, WaveWalker 1, is being developed by Fugro and Van Oord to operate in rough seas, surf zones, beaches and other intertidal locations. The two companies are working together on the design, construction and operation of the jack-up which is set to begin opera
Switzerland: ABB Appoints New Chief Technology Officer
ABB, the leading power and automation technology group, has appointed Prith Banerjee to its Executive Committee in the role of Chief Technology Officer. Banerjee, 51, will start midyear 2012 and will be based in Zurich. He joins ABB from Hewlett Packard, where he was Senior Vice President of Researc
Denmark: DONG Energy Completes One Third of Monopile Driving for Anholt Wind Farm
As of 1 April 2012, 37½ of the 111 monopiles that make up Anholt Offshore Wind Farm are installed, and as such one third of the driving is complete. As expected, there are great challenges associated with the seabed where both very soft areas and very hard areas are present. The driving of monopile
The Netherlands: Fugro, Van Oord Develop Walking Jack-Up Barge
The innovative large walking jack-up barge, WaveWalker 1, is being developed by Fugro and Van Oord to operate in rough seas, surf zones, beaches and other intertidal locations. The two companies are working together on the design, construction and operation of the jack-up which is set to begin opera
Greece: MINOAN LINES Gets Corporate Superbrand Award
At a premier award ceremony that was held at the Athens Hilton Hotel on April 2nd, 2012, MINOAN LINES, a proud member of the Grimaldi Group, was accorded the prestigious recognition of excellence “Corporate Superbrand” award. MINOAN LINES has been proclaimed as the ferry/shipping company with the be
Norway: Volstad Maritime Orders Another OCV from Bergen Group
Bergen Group Fosen has signed another contract with Volstad Maritime AS to build a large high end offshore construction vessel. The contract has an estimated value of NOK 750 mill, and the ship is scheduled for delivery in Q4 2013. The signed contract is subject to final board approval and financing
Denmark: TORM Reaches Conditional Standstill and Framework Agreement in Principle
TORM announce that it has reached a conditional agreement with the Coordination Committee of its bank groups regarding a deferral of installments and covenant standstill on its ship financing until 30 April 2012. The unconditional standstill is expected to be renewed within days. In addition, TORM h
Cyprus: Damen Delivers Two Fast Crew Suppliers EDT Offshore
EDT Offshore (Cyprus), an operations and management company for offshore support and dredging services, has taken delivery of a Damen Fast Crew Supplier 3507 and an FCS 5009: the ‘EDT Leda’ and the ´EDT Nefeli´. Both vessels are built according to the Damen Sea Axe design that reduces slamming up to
Macduff Completes 16m Tug Design Package for Turkey
In March 2012, Macduff completed the supply of a complete design package for a 16m tug for Dearsan Shipyard in Turkey. The design is a virtual repeat of the highly successful “Sally Mcloughlin” completed in 2009. Up to 4 vessels are to be built, each with a bollard pull of 19 tonnes. Macduff has als
Damen Delivers Two Fast Crew Supplier Vessels to EDT Offshore (Cyprus)
EDT Offshore (Cyprus), an operations and management company for offshore support and dredging services, has taken delivery of a Damen Fast Crew Supplier 3507 and an FCS 5009: the ‘EDT Leda’ and the ´EDT Nefeli´. Both are built according to the Damen Sea Axe design that reduces slamming up to 75% and