News
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (August 7-13, 2017). Second Dredge for Buxton Beach Nourishment Weeks Marine has resumed Buxton Beach Nourishment operations after two days of being shut down due to weather, reports Dare County. Rotterdam Offsh
Top news, August 7 – 13, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from August 7 – 13, 2017. Penguin wave energy converter marks 150-day milestone Wello Oy has informed that Penguin wave energy converter (WEC) has now been operational 150 days since its deployment from the beginning of
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (August 07 – August 13). The underwater search for the missing Malaysia Airlines flight MH370 could continue as the US-based seabed exploration specialist reportedly offered to take another stab at the
Energean shows off illustration of ‘first FPSO ever to operate in Eastern Mediterranean’
Greek oil company Energean Oil & Gas, the operator of the Karish and Tanin natural gas fields located offshore Israel, has launched an illustration of an FPSO vessel, which will be used for the Israeli project development. To remind, Energean submitted the field development plan (FDP) for the Karish
Waterway Closed after Bulker Runs Aground
Commercial vessel traffic in the St. Marys River was shut down after the 629-foot US bulk carrier Calumet ran aground on the north side of Sugar Island, the United States Coast Guard said. The bulk carrier departed Essar Steel in Sault Ste. Marie, Ontario and was transiting downbound on the St. Mary
Shell bolsters LNG bunkering business, inks bunker barge deal
The Hague-based LNG giant Shell on Friday said it has strengthened its position in the LNG bunkering business with the arrival of its bunker vessel, Cardissa and an LNG bunker barge charter deal.
Another Nominee for IADC Safety Award 2017
IADC – International Association of Dredging Companies – has just announced the 2nd IADC Safety Award 2017 nominee: Boskalis’ Mooring Actuator. Secured to a backhoe’s bollards with heavy lines, a barge assists with the transport of material dredged by the backhoe. Conventionally, two crew members mu
Kogas’ H1 operating profit drops but revenue climbs
South Korean LNG buying giant Kogas reported a 10.7 percent decline in its operating profit in the first half of this year. The state-owned gas utility’s operating profit dropped to 793 billion won ($693m) in the period under review from 888 billion won in the first half of 2016. Kogas’ revenue rose
APPEA calls for focus on LNG export benefits
The Reserve Bank of Australia said that LNG exports are expected to contribute almost 0.5 percentage point to GDP growth per year between 2017 and 2019.
PHI Group pens MoU with Aquarius Power
PHI Group has signed a Memorandum of Understanding (MoU) with Aquarius Power, a Texas company, to provide renewable energy technology to Vietnam. PHI has also made an investment to become a strategic shareholder of AQP. PHI and AQP will form a joint venture company which will have the exclusive righ
KNOT Offshore Partners taking over Lena Knutsen shuttle tanker
KNOT Offshore Partners is set to expand its fleet with the recently built Lena Knutsen shuttle tanker. During the second quarter, the company entered into a share purchase agreement with Knutsen NYK to acquire the company that owns the Lena Knutsen. Built by Hyundai Heavy Industries in South Korea i
Pyxis Tankers Stays in the Red
Greece-based product tanker company Pyxis Tankers suffered a net loss of USD 0.8 million in the second quarter of this year, compared to a net income of USD 0.4 million seen in the same period in 2016. However, the company managed to narrow its loss from USD 1.7 million reported in the first quarter
GPA’s Volumes on the Rise
The Georgia Ports Authority witnessed an increase in its volumes for the calendar year through July, which were up by 10.8 percent. GPA moved 2.33 million twenty-foot equivalent container units so far, handling an additional 230,000 TEUs. Total tonnage crossing GPA docks grew by 13 percent, or 2.37
North Carolina Urged to Harness Offshore Wind Potential
Fifty elected officials, small businesses, community groups, and environmental organizations from North Carolina sent a letter to Governor Roy Cooper calling on him to embrace offshore wind as a key part of the state’s energy plan.