Turning Global Risks into Sustainable Opportunities
A new global initiative launched by DNV GL and Monday Morning Global Institute aims to identify opportunities for sustainable responses to a range of global risks.
Voith Bags Largest Marine Order to Date
In South Africa’s largest local shipbuilding contract Transnet National Ports Authority has ordered nine new Voith Water Tractors (VWT) for use in several ports across the country, marking the largest order in the history of Voith marine technology. The VWT will be built by South African Shipyards in Durban over the next 42 months. Eight of the tugs will be identical in construction with a length of 31 meters and a beam of 12.5 meters.
Ulstein Designs PSVs for Otto Offshore
Ulstein Design & Solutions has entered into a contract with Wuchang Shipbuilding Industry Co., Ltd, China, for the delivery of ship design and equipment for four PX121 type platform supply vessels. The shipowner is the Singapore based Otto Offshore Ltd., who will receive all vessels in 2016. The contract also includes an option for four additional vessels. These PX121 vessels are capable of supporting offshore activities which are being carried out further from shore and in deeper waters.
Pushing the HPHT Envelope
With demand for hydrocarbons increasing and costs rising, the E&P industry is also facing numerous technical challenges including the development of High Pressure – High Temperature (HPHT) reserves.
Deltamarin Expands its Services into EPC
Finnish naval architecture and engineering company Deltamarin Ltd. has established a subsidiary, Deltamarin Floating Construction Ltd., to enlarge the scope of the group’s services.
ABS to Class Ultra Deepwater Offloading Unit
The Remora HiLoad DP BR unit design approved by ABS will have advanced capabilities for offloading operations in Brazil's Santos Basin. ABS, a provider of classification…
Wärtsilä Launches Low Loss Hybrid Energy System
Wärtsilä announced that it will launch its new Low Loss Hybrid (LLH) innovation at the ONS 2014 exhibition being held in Stavanger, Norway from August 25 to 28. The Wärtsilä LLH utilizes different power sources in combination with energy storage devices to operate the prime movers closest to their optimum performance. In addition to annual fuel savings of up to 15 percent, depending on the type and configuration of the engine and mission profile…
Island States Battle Rising Seas, Seek UN Relief
"Frightening" prospect of rising seas - U.N.; Islands say overlooked, fault inaction over climate. Small island states facing a "frightening" rise in sea levels…
Coast Guard, Stakeholders to Meet Disabled Tanker in San Francisco Bay
The U.S. Coast Guard, along with several federal, state and local partner agencies, have formed a safety and assessment team with the owners of the disabled tanker…
Six More Migrants Dead, says Italy
At least 25 migrants die during weekend Mediterranean crossings; Italy says has rescued almost 4,000 in last 48 hours. Italy's search and rescue services have found…
Suez Canal July Revenue at $482 mln
Revenue from Egypt's Suez Canal rose by 8.6 percent in July to $482.2 million from $443.9 million in June, Egypt's state information portal said on Monday. The waterway…
DMR Sees US Container Terminal Sector M&A Flurry
M&A (Merger & Acquisition) activity in the US container terminal sector is currently at its highest level since the boom time of the mid-2000s. However, whilst the…
Drilling Deep: Pushing the HPHT Envelope
With demand for hydrocarbons increasing and costs rising, the E&P industry is also facing numerous technical challenges including the development of High Pressure – High Temperature (HPHT) reserves…
GPS Satellites Launched, Stray Off Course
Following an announcement made by Arianespace on the anomalies of the orbit injection of the Galileo satellites, the teams of industries and agencies involved in…
Parsons Wins Dubai Water Canal Project
Engineering, construction, technical, and professional services provider, Parsons, says it has been awarded a contract by the Roads and Transport Authority (RTA)…
Libyan Boat Sinks: Perhaps Plus 250 Lost
More than 250 migrants may have died when a boat sank a kilometre (half a mile) off the Libyan coast, a coastguard official said on Sunday. "We believe there are…
Ferry 'Tacoma' Likely Out of Service Until December
Capt. George A. "This week, we received an initial update on the Tacoma repair plan from Siemens Marine Solutions. The report says a fuse blew in the vessel’s propulsion…
San Francisco Port Prepares for Disabled Tankship Arrival
The U.S. Coast Guard informs that along with several federal, state and local partner agencies, it has formed a safety and assessment team with the owners of the…
BAE Systems Awarded USS Arleigh Burke Contract Modification
US Department of Defense inform that BAE Systems Norfolk Ship Repair, Norfolk, Virginia, is being awarded a $55,911,832 modification to a previously awarded contract…
APM Terminals Q2 2014 Profit, Volume Growth
In its second quarter ended 30, June 2014 APM Terminals reports increases in both profits and container volume throughput. AgreementreachedtodivestAPMTerminals Virginia…
