Business & Finance
E.ON and RWE Sign Wind Energy PPA in UK
E.ON and RWE Renewables have signed a power purchase agreement (PPA) for more than 20 offshore and onshore wind farms in the UK. Under the 2.5-year agreement, E.ON buys around 3TWh of power annually from wind farms in the UK which are operated by RWE. The deal covers a capacity of 892MW of wind gene
Nordic Ports Join Forces to Focus on Sustainable Future
The joint declaration shows a regional commitment to collaborate on environmental challenges related to UN’s SDGs.
MacArtney Expands Operations with Italian Branch
MacArtney Underwater Technology is set to launch its newest operation, MacArtney Italy, supporting local Italian customers with the global MacArtney brand. With a renewed focus on expanding its global footprint, MacArtney Underwater Technology will be offering the system solution technology and expe
Building Below Zero VIDEO
BAM recently released the B1M video, documenting the company’s work in the Antarctic with the British Antarctic Survey and their partners. Building Below Zero: The World’s Most Extreme Construction Site follows BAM teams as they modernize existing infrastructure used for climate change research by p
Siem’s platform supplier to work for Wintershall Dea off Norway
German oil and gas company Wintershall Dea has awarded a charter contract to Norwegian shipping company Siem Offshore for one of its platform supply vessels.
Drewry: Box Spot Rates Rise amid More Idle Ships, Bunker Surcharges
Drewry’s World Container Index swelled by USD 210 in the past two weeks.
TORM to Equip Ten More Ships with Scrubbers
This brings the total number of planned scrubber installations to 44.
First steel cut for Awilco’s newbuild rig
Offshore drilling contractor Awilco Drilling has said that the first steel has been cut for its second rig under construction at a Keppel yard while the construction on the first rig is going as planned with delivery scheduled for March 2021. Awilco owns and operates two 3rd generation mid-water sem
Euronav Signs LSFO Deal with Malaysian Port of Linggi
Under a service agreement, Malaysia’s Linggi Port will become Euronav’s low-sulphur marine fuel supply base.
Klaveness Scaling Down Supramax Activity to Focus on Panamax, Post-Panamax Segment
In order to focus on the Panamax and Post-Panamax segment, Klaveness will shrink its activity in the Supramax business.
EIB Provides USD 155 Mn for Port of Piraeus Expansion
The first EUR 100 million tranche of the 20-year loan was signed on November 11.
Maersk’s Søren Toft Leaves, Company Looking for New COO
The responsibilities as Chief Operating Officer will in the interim be taken on by Søren Skou.
InfraStrata Collecting GBP 6 Million for Harland & Wolff Buy
The UK-based InfraStrata has opened a share sale to raise a minimum of GBP 6 million to finalize the purchase of Harland and Wolff from administrator BDO NI. InfraStrata revealed it is seeking to raise the amount through a placing of new Ordinary Shares by way of an accelerated bookbuild at 0.3 penc
GKinetic Selected as Hello Tomorrow’s Deep Tech Pioneer
Irish hydrokinetic turbine developer GKinetic Energy has been selected as one of Hello Tomorrow’s Deep Tech Pioneers. Every year, the Hello Tomorrow team receives thousands of applications to their deep tech startup competition, the Global Challenge. The Hello Tomorrow team and network of experts ju