Wave Energy Converter Installed Off US Coast
Northwest Energy Innovations deploys first wave energy converter at National Marine Renewable Energy Center, off Oregon coast. After a multi-day installation operation, Northwest Energy Innovations (NWEI), a Portland-based company, has successfully installed a wave energy device off the coast of Newport, Oregon. The device, known as Wave Energy Technology-New Zealand (WET-NZ), is now deployed at the Northwest National Marine Renewable Energy Center’s (NNMREC) open ocean test facility.
Jones Act OSV New-build Program Expanded by Hornbeck Offshore
Hornbeck Offshore expands OSV new-build program, anounces retrofits & other related developments. The Company has exercised the first four of its 48 options to build additional HOSMAX vessels at an aggregate incremental cost of approximately $180 million, excluding construction period interest, for vessel deliveries in the fourth quarter of 2014 and first quarter of 2015. These four new vessels will expand the Company's fifth OSV newbuild program…
Vale Very Large Ore Carriers Sold, Chartered Back
Brazil's mining giant Vale sells 10 VLOCs for US$600-million to Turkey’s Polaris Shipping. The Brazilian company said that the transaction would improve cash flow while still maintaining its maritime ore shipping capacity. The ships will be chartered back to Vale. “In addition to unlocking capital, the transaction preserves Vale's capacity of maritime transportation of iron ore, since the vessels will be available but without the ownership and operational risks,” Vale said in a statement.
Special Edition Wakeboarding Tow Craft 'RECON' Unveiled
Axis Wake Research honors US armed forces with Special RECON Edition boat, proceeds to benefit injured war veterans. This special edition was inspired by team rider Keith Lyman, who decided to leave professional wakeboarding to serve in the Army last year. A portion of the proceeds from each RECON edition boat will directly benefit Jared Allen's Homes for Wounded Warriors. Both the popular A20 and A22 boats will be fitted with the RECON package in 2013…
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