News
Vestas Top OEM on Navigant’s Turbine Leaderboard, Siemens Third
According to Navigant Research’s new Leaderboard report, Vestas, GE Energy, Siemens, and Gamesa are the leading wind turbine manufacturers in terms of strategy and execution. The report, Navigant Research Leaderboard Report: Global Wind Turbine Vendors, examines the strategy and execution of 12 orig
GasLog Partners secures $53.2 million in public offering
New York-listed GasLog Partners, the master limited partnership focused on owning, operating and acquiring LNG carriers, said it has secured $53.23 million from its public offering of 2,750,000 common units. The public offering price was $19.50 per common unit. “The net proceeds from the offering, a
NEW plans Fleetwood tidal hydro plant
Natural Energy Wyre (NEW) plans to construct a tidal hydro power plant at the mouth of the River Wyre in Fleetwood, UK, that would provide power for 50,000 homes.
VIDEO: Pythagoras Dredging Solution
Pythagoras, a Belgian company involved in providing solutions for dredging, surveying, infrastructure, construction and agriculture, has just released this very interesting video named Pythagoras Dredging Solution. Charting underwater structures, soils and project progression using GPS, sonar, singl
Drewry: Mega-Alliances Could Help Transhipment Hubs
The world’s largest transhipment hubs are exposed to numerous risks, from poor underlying demand to increasing use of direct services, however, strong links to new mega-alliances that can guarantee capacity and smooth operations could provide opportunities as well as risks, according to shipping con
Sakhalin Energy issues LNG cargo tender
Sakhalin Energy, the operator of Russia’s only LNG plant, has reportedly launched a tender to sell four cargoes of the chilled fuel from the export terminal on Sakhalin Island. Three of the LNG cargoes will be loading in September and one in October, Reuters reported citing trade sources as saying.
Panama Canal: Update on Expanded Waterway Operations
Following the Expanded Panama Canal’s first month of operations, the Panama Canal Administrator Jorge L. Quijano last week presented representatives of shipping lines and shipping agents with an update on the operations of the expanded canal. “We are very pleased with the first month of activity at
UK Government Mulls Post-2020 Renewables Support
The UK Government’s consultation on whether to modify renewable energy subsidy regulations to allow the support to projects due to start between 2020 and 2026 closes today. Although the UK Government has recently cut support for onshore wind and solar, it has indicated it will provide further suppor
Report: Offshore Wind a Golden Ticket for UK East Coast Ports
The offshore wind sector has an enormous potential to accelerate economic growth on the east coast of Britain, according to a strategic review of the UK’s east coast port facilities carried out by BVG Associates for the Offshore Wind Industry Council. The report, Strategic review of UK east coast st
Four Containers Recovered after Singapore Strait Collision, One Left in Indonesian Waters
Four containers have been retrieved from the Singapore waters following the collision of Panama-flagged Very Large Crude Carrier (VLCC) Dream II and containership MSC Alexandra on August 3, Maritime and Port Authority of Singapore (MPA) said. From the ten empty containers that fell overboard, five l
Pacific Drilling: 2Q profit down to $8 million
Offshore drilling company Pacific Drilling has reported a drop in its second-quarter net income for 2016, citing challenging drilling market conditions. The driller, which owns a fleet of seven drilling ships, posted a net profit for the quarter of $8.2 million, down from $47.1 million reported in t
Pioneering Spirit Leaves Rotterdam for Offshore Trials
The world’s largest single-lift installation/decommissioning and pipelay vessel, Allseas’ ‘Pioneering Spirit’, departed Rotterdam on Saturday and is heading for offshore trials in the North Sea. The vessel has been moored in Rotterdam’s Alexiahaven since January 2015 for installation, commissioning
Submarine Cable Route Study for Nunavik
By Tamaani Internet Following the expected completion by the end of 2016 of local fibre optic networks for four out of 14 villages in the territory north of the 55th parallel in Quebec (Canada), the Kativik Regional Government (KRG) is now considering the possibility of building a submarine fibre op
Tanker Market Could See More Upside Potential in 2H
Due to rather severe summer doldrums, earnings across all tanker sectors dropped to levels not seen since September 2014. Tanker rates typically stage a recovery going into the northern hemisphere winter months, however, according to Poten & Partners, there are concerns that this might not happen to