Monthly Archives: October 2017

The second of five new River Class Offshore Patrol Vessels for the U.K. Royal Navy was officially named during a ceremony at BAE Systems’ site at Scotstoun, Glasgow. Guests watched on October 20 as Lady Wendy Fallon, HMS Medway’s sponsor and wife of Defense Secretary Sir Michael Fallon named the 2…

Cleaning up marine oil spills can be a challenge as there are various types of oil spilled but only a few effective recovery methods. The three main technologies for oil spill recovery for inland and offshore waters are mechanical, insitu burning (ISB)...

When the Faroe Islands Marine Research Institute’s new research vessel enters operation in mid-2020, research personnel on board will be able to carry out their tasks with greater effectiveness thanks to a high-tech, ultra-silent propulsion package from Wärtsilä.

Australia's Wheatstone liquefied natural gas (LNG) project, after starting production earlier this month, has shipped its first export cargo to a buyer in Japan, majority owner and operator Chevron Corp said on Tuesday. Wheatstone is the sixth…

I-Tech AB has been recognized as the technology innovation leader in the European marine biocides market, resulting in the company receiving the 2017 Technology Innovation Award from Frost & Sullivan. Each year, Frost & Sullivan presents this…

Belgian tanker operator Euronav reported a sharp drop in core profit for the first nine months of the year as freight rates in the oil tanker sector continued to fall. Excess tonnage in the global tanker market has put pressure on freight rates…

DONG Energy has chosen Esvagt as partner in establishing the first offshore wind farm to break the 1 gigawatt barrier; the 1,200 mW offshore wind farm, Hornsea 1, off Grimsby in the UK sector of the North Sea. The 'Esvagt Castor’ will work as…

Swire Seabed has signed a three year bareboat charter with Siem Offshore for the LCV Siem Stingray. The vessel, which will be re-named Seabed Stingray, is an Inspection, Maintenance and Repair (IMR), Construction and Survey vessel of the VARD design.

Chinese container carrier Cosco Shipping is thirsty for expansion and will raise CNY 12.9billion (USD 2billion)  in new capital, according to Reuters report. The money will go to the construction of 20 new vessels. The carrier will use the raised fund to fund the building of six 21…

Japan's Sojitz Corporation has acquired full ownership of First State Regasificadora (FSR), subsequently changing the company’s name to Sojitz Regasificadora (SR). SR owns a 15% stake in Regasificadora del Noroeste (Reganosa), whose assets include the LNG terminal located in Mugardos…