News
New York City Makes Progress on $20B Climate Resiliency Plan
With the Sandy anniversary a day away, the de Blasio Administration has announced continued progress on the City’s OneNYC resiliency program that will prepare neighborhoods, economy and public services to withstand and emerge stronger from the impacts of climate change and other 21st century threats
U.S. Navy Commits $5.4 Million to Pier 32 Project
Congressman Joe Courtney announced last week that the United States Navy has committed $5.4 million dollars for design and replacement of Pier 32 at Naval Submarine Base New London to better serve operational needs. This funding supports planning and design work for a replacement of Pier 32, one of
Liquid Robotics Joins NOC Marine Robotics Innovation Centre
Liquid Robotics has become the newest Associate Member of the National Oceanography Centre’s (NOC) Marine Robotics Innovation Centre. Kevin Forshaw, associate director, innovation and enterprise at the NOC said, “As the Liquid Robotics Wave Glider was invented to provide ocean researchers with relia
Business Focus: IBG Companies in the News
With Offshore WIND heading towards the launch of its International Business Guide (IBG) 2017, the Business Focus articles will update you on the companies listed in our IBG that appeared in the news over the past few weeks. Bladt Industries The final six transition pieces for the 402MW Veja Mate off
Business Focus: IBG Companies in the News
With Offshore WIND heading towards the launch of its International Business Guide (IBG) 2017, the Business Focus articles will update you on the companies listed in our IBG that appeared in the news over the past few weeks. Bladt Industries The final six transition pieces for the 402MW Veja Mate off
Coalition predicts investment boom in LNG as marine fuel
Following the decision by the International Maritime Organization to approve the implementation of the 0.5 percent cap on the sulphur content of marine fuel in 2020, SEALNG coalition expects a rise of investment across the shipping value chain.
CLdN Sets Up Gothenburg-Rotterdam RoRo Service
Luxembourg-based short sea roll-on/roll-off (RoRo) shipping company Compagnie Luxembourgeoise d’Navigation (CLdN) has introduced a new freight service between Gothenburg, Sweden, and Rotterdam, the Netherlands. The company’s vessels will depart twice weekly from Logent Ports and Terminals at the Por
GasLog Partners Wraps Up GasLog Seattle Purchase
Operator of liquefied natural gas (LNG) carriers GasLog Partners LP has finalized the acquisition of the 155,000 cubic meter LNG carrier GasLog Seattle. The company purchased 100% of the shares in the entity that owns and charters GasLog Seattle from GasLog Ltd. for an aggregate purchase price of US
Euronav to Take Full Control of VLCC V.K. Eddie
Antwerp-based tanker owner and operator Euronav NV has reached an agreement to buy out its 50% joint venture partner for full control of the 2005-built Very Large Crude Carrier (VLCC) V.K. Eddie. Euronav will buy the 305,261 dwt vessel from the joint venture company Oak Maritime (Canada) Inc. at a p
Lundin back to black as record production boosts revenues
Sweden-based independent oil company Lundin Petroleum returned to profit during the third quarter this year after achieving a record high production that gave its revenues a boost. Lundin’s profit for this year’s third quarter was $173.8 million, including a net foreign exchange gain of $135.8 milli
GasLog Partners completes acquisition of GasLog Seattle LNG carrier
GasLog Partners, the master limited partnership formed by GasLog, said it has completed the acquisition of the 155,000-cbm LNG carrier GasLog Seattle from the partnership’s sponsor.
KOBELCO Presents Its Enhanced SK500LC-10 Model
KOBELCO Construction Machinery USA, a crawler excavator manufacturer, has just introduced its enhanced SK500LC-10 model. This excavator delivers a bucket digging force of 57,500-lbs and achieves 10% increase in work volume. Equipped with an increased torque setting, the SK500 supplies 11% more diggi
Low Freight Rates Affect Maersk Group’s Profit
Danish shipping and energy conglomerate Maersk Group delivered a profit of USD 438 million in the third quarter of 2016, down from USD 778 million seen in the same period a year earlier, negatively impacted by lower container freight rates. Maersk’s underlying profit for the quarter was at USD 426 m
Pacific Radiance Bags Charter Contract in Mexico
Pacific Radiance has secured a long term charter contract in Mexico, worth USD 73 million including options. Under the multi-year contract, the company’s maintenance work boat (MWB) will be deployed to perform platform maintenance, diving and subsea maintenance, as well as offshore construction work