Business & Finance
Innovo and Sparrows Present New Reel Drive System
Innovo and Sparrows have introduced a new Reel Drive System (RDS). Innovo’s Innodrive 800T RDS can carry 800-ton reels in a sea state 8 and has a peak torque of 350 tons per meter at full speed. This new addition to the fleet is designed to be fully integrated with the latest generation of Sparrows
Ground Investigation Begins Along the Southsea Seafront
From Monday, 9 September, ground investigation work will be taking place along the Southsea seafront as part of the next stage of designs for new coastal defenses, according to the official Southsea Coastal Scheme project website. These investigations will take place over a period of four weeks at t
Report: Exxon selling Norwegian business for $4 billion
The company is reportedly leaving Norway after more than 125 years of operation there
Gazprom, Partners to Promote LNG as Marine Fuel in Russia
The parties are to join forces in developing LNG-powered vessels and building infrastructure for LNG bunkering.
New Chief Operating Officer for AGR’s UK and Africa Business
AGR has appointed Andrew Stannard to lead its business unit in the UK and Africa and will become a member of the company’s global management team. Stannard succeeds long term region manager Ian Burdis who will continue as EVP of the UK & Africa region with the main responsibility for the leadership
Windstar Cuts Steel for 2nd Star-Class Ship Extension
Fincantieri started building a new mid-section for Windstar Cruises’ Star Legend on September 5.
Fesco, Chinese Firms Team Up on Intermodal LNG Shipping
The companies would develop intermodal transportation of LNG in tanker containers from Russia to China.
EMEC and Enel Green Power Ink Marine Energy MoU
The European Marine Energy Centre (EMEC) and Enel Green Power (EGP) have signed a Memorandum of Understanding (MoU) with the aim to encourage knowledge sharing in marine energy technology development and performance assessment, and to drive forward collaborations in marine energy demonstration proje
Veripos New GNSS Receiver for Marine Certified Reliable Positioning
Veripos, part of Hexagon’s Positioning Intelligence division, unveiled its LD8 GNSS receiver to support precise positioning and heading in offshore marine applications. The LD8 supports all GNSS constellations to deliver increased, uninterrupted satellite availability, and continuous correction data
3. Maj to Restore Production as It Renews Contract with Algoma
3. Maj Shipyard will complete the construction of a bulk carrier for Algoma.
Removing Sunken Dredging Barge from Alexandroupoli
Responding to a request from U.S. Naval Forces Europe and U.S. Army Europe to remove a sunken dredge barge from the Port of Alexandroupoli, Greece, NAVSEA Supervisor of Salvage and Diving, SEA 00C, has developed a plan and assembled a team to remove the barge and restore access to the pier for futur
Ship Finance International Buying Hunter’s Three New VLCCs
The VLCCs, with a price tag of USD 180 million, are scheduled for delivery to SFL within the next two months.
Russia Steps Up Dredging Operations
Russia continues intense development of its port infrastructure that implies a considerable scope of dredging works. Some of the largest dredging projects in the country include dry cargo area of Taman port, Utrenny terminal, port in Pionersky, port Lavna. The country is also stepping up constructio
Elenger Launches LNG Bunkering Services in Hanko Port
Elenger has started providing bunkering services to LNG-powered vessels in the Port of Hanko, Finland.