Green Marine
The Wind Farm Support Vessel Directory Is Out
The Wind Farm Support Vessel (WFSV) Directory is a new publication from the Offshore WIND group of products. It provides the industry a compact and handy overview of operating wind farm support vessels in the European offshore wind industry. Each vessel is displayed with a photo, a selection of main
Havyard Group Applies for IPO
Havyard Group ASA has submitted an updated application for listing of its shares on Oslo Børs, alternatively Oslo Axess. It is expected that the stock exchange will consider the application in a meeting of its board of directors on June 18, 2014. Subject to approval of the application and compliance
Drewry: Surge in VLGC Freight Rates Unsustainable
The recent surge in VLGC (very large gas carrier) freight rates will not be sustained given the current size of the order book, according to Drewry’s recently published LPG Forecaster. Freight rates for VLGC vessels surged to historical highs in April, thanks to rising LPG supply from the US and inc
CargoFlexX Expands Its Global Footprint
CargoFlexX B.V., specialized in cargo handling systems used for the Marine & Offshore industry with a specific specialization in dry bulk handling, has expanded its network to Singapore and Malaysia. In order to cope with the worldwide increasing interest and need for bulk handling solutions for dri
SME Innovation Top 100 Award Goes to Micanti’s Non-Toxic Antifouling
The Dutch maritime technology company Micanti has designed a 100% environmentally friendly antifouling foil. Its working is based on small fibers, which make it very unattractive for organisms to attach to the hull of a ship. The innovative nature of this invention and the successful launch of it wi
Dynagas Plans Public Offering
Dynagas Partners has announced its plans to offer 4,800,000 common units representing limited partner interests in a public offering. The company will grant the underwriters a 30-day option to purchase up to an additional 720,000 common units. The company intends to use the net proceeds from the pub
MS Finneagle Refloated after Grounding
MS Finneagle, belonging to Finnish ro-ro operator Finnlines, that ran aground in the port of Kapellskar (Sweden) this morning is afloat and has been berthed safely. According to the operator, the grounding occurred due to the technical fault of the main engines. At the time of the accident, the ship
PML – IMarEST Partnership Continues
Plymouth Marine Laboratory (PML) today announced it is to renew its partnership with the Institute for Marine Engineering Science and Technology (IMarEST). The year-long partnership will see the Institute and PML working together to encourage career development among the laboratory’s 166 employees,
Kiel Canal Overhaul Set in Motion
At the beginning of June the Budgetary Committee of the German Federal Parliament allocated $359m for the widening of the Eastern section of the Kiel Canal. The committee had already approved $657m for construction of a fifth lock in Brunsbüttel in April this year. To speed up the remaining planning
Wärtsilä, ABB Turbocharging Snare Massive RCL Contract
Wärtsilä has signed a ten-year maintenance and technical support agreement with Royal Caribbean Cruises Ltd (RCL), which includes a subcontract with ABB Turbocharging. One of the largest between Wärtsilä and a marine customer, the service agreement covers 142 Wärtsilä engines and 170 ABB turbocharge
Port of Tyne Records Continuous Growth
In 2013, the Port saw cargo volumes increase by 25% to 8.1m tonnes, and turnover rose 16% to $123m compared to 2012. Andrew Moffat, Port of Tyne Chief Executive Officer, said that 2013 had been another record year, and looking back over five years, the Port had achieved substantial growth not only i
NAO’s Common Shares on the Market
Nordic American Offshore Ltd. (NAO) has announced that it has priced its initial public offering of 5,882,352 common shares at $16.00 per share. NAO has granted the underwriters a 30-day option to purchase up to 882,352 additional common shares to cover over-allotments. The company’s common shares a
Konecranes Acquires 100% SANMA Shares
Konecranes has today completed the acquisition of the remaining shares of Jiangsu Three Horses Crane Manufacture Co. Ltd. (SANMA) and now owns 100 percent of the company. In November 2009, Konecranes announced that it had finalized the acquisition of a majority holding (65 percent) in SANMA. The acq
IDENTEC Presents New Reefer Monitoring Solution
Port and container terminal process automation specialist IDENTEC SOLUTIONS has announced the release of CTAS 7.0 Reefer, its latest generation real-time wireless monitoring and control system for refrigerated containers. The new system will be officially unveiled at this year’s TOC Europe trade sho