Wave energy developer Orecon, based in the South West of England, has hit stormy waters. CEO David Crisp said “I thought that after years of struggling for funding we had weathered the worst that the financial markets could throw at us. I was wrong. Earlier this year our venture capital funders withdrew their support, ironically since then we have won through to the final round of the £22m MRPF grant scheme (worth up to £6m), Carbon Trust Ventures have given their support to match fund third party investors and our UK and US patents have been granted. We now find ourselves in urgent need of new investment. Whilst we recognise the difficult economic times it is vital that industry now steps up its involvement, there is a huge commercial opportunity here for someone willing to step in now. We have the design, the site, full government support and a crack team, but time is short. Without investment we will have to close the doors at the end of January.” While the government has been much criticized for failing the marine energy industry through lack of appropriate funding, newly formed DECC has recognized the importance of marine renewables and is rapidly taking steps to remedy the situation. The $36.2m Marine Renewables Proving Fund (MRPF) announced in September this year fills a funding gap that existed for companies wanting to deploy a first prototype
Furuno, a manufacturer of marine electronics, won three more National Marine Electronics Association (NMEA) awards at the prestigious 2013 NMEA Convention in San Diego, Calif. These three awards had Furuno once again leading the total number of awards captured by any one manufacturer this year, as well as bringing Furuno’s NMEA Award all-time total to an incredible 208, since NMEA started presenting awards in 1971.
Noble Energy, Inc. (NYSE:NBL) announced that the Department of the Interior's Minerals Management Service (MMS) awarded the company the 2009 Safety Award for Excellence (SAFE) in the moderate activity operator category for outstanding achievements in offshore safety, environmental protection, and pollution prevention in the Gulf of Mexico. This is the second year in a row that Noble Energy has won the SAFE award. Winners were announced at the MMS Annual Industry Awards program held in
Subsea 7, a provider to the offshore energy industry, has won the Pipeline Industries Guild’s (PIG) 2012 Subsea Pipeline Technology Award. The award was made at the PIG National Dinner in London’s Grosvenor House Hotel. The award recognizes Subsea 7’s technology initiative for the installation of Mechanically Lined Pipe (Bubi® pipe) by reel–lay³. Subsea 7’s has been working with the pipe manufacturers BUTTING to optimize the technical and
The head of Maersk Drilling said on Wednesday the A.P. Moller-Maersk unit has won a two-year extension for its Maersk Deliverer deepwater rig worth $387 million. Maersk Venturer, a new rig set to be delivered this year, had also won a letter of award for a short-term contract in South East Asia, Maersk Drilling Chief Executive Claus Hemmingsen told Reuters during a capital markets day. Such an award means the parties have agreed to a deal but are yet to hammer out details such as day
Over the past 43 years, Furuno has received the honor of being the most recognized company in the marine electronics field by the National Marine Electronics Association (NMEA). This year, Furuno won four more NMEA awards at the prestigious 2014 NMEA Convention in Sanibel, FL, bringing Furuno’s NMEA Award all-time total to an amazing 212 wins. For the ninth consecutive year, Furuno received the highly coveted Manufacturer of the Year - Support award
Crystal Cruises wins 'Crystal Award' for innovative interior design space Crystal Serenity's $25 million redesign has not only received accolades from guests, travel agents and travel press since its debut last year, but from the design world as well. The ship's renovated Apropos boutique -- a retail space for designer clothing and accessories -- has won the prestigious Association for Retail Environments (A.R.E
EMAS, the operating brand of Ezra Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, announced that its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded projects worth approximately $505 million. These projects will be executed in the North Sea, Africa, the Gulf of Mexico and the Asia-Pacific region. EMAS AMC has received a letter of intent for a $120 million project offshore
Crystal Cruises selected as 'World's Best' for a record 18th year in the annual Travel + Leisure’s “World’s Best Awards” readers' survey. NYK say that the ultra-luxury vacation company is the only cruise line, hotel, or resort to win its category every year since the awards began. Crystal’s winning score for 2013 reflects thousands of jet-setting readers’ ratings across six areas: service, itineraries/destinations, activities, accommodations, food
APL today won the Best Trans-Pacific Shipping Line accolade at the 28th Asian Freight & Supply Chain Awards (AFSCAs). This is the third time in four years that APL has emerged as the preferred liner in this category, following wins in 2011 and 2012. Determined by votes cast by readers of Cargonews Asia, APL clinched the award for its leading performance in schedule integrity, customer service support and its comprehensive port calls in the Trans-Pacific trade.
Eivind Holtsmark Ringstad from Oslo has been granted the Statoil talent scholarship in classical music for 2014. The grant is part of Statoil's talent program "Heroes of Tomorrow", where the company supports young talents in education, sports and culture
Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet. Hyundai Mipo, a shipbuilding affiliate of world's largest shipbuilder, Hyundai Heavy Industries
Samsung Heavy Industries said on Wednesday it has decided to scrap a $2.5 billion stock deal to take over Samsung Engineering, potentially complicating restructuring plans by parent Samsung Group ahead of a looming succession. Shareholders doubting the synergies of the merger had asked the two
Norwegian hybrid to be the first LNG battery ferry to operate on commercial routes Corvus Energy, Siemens AS and Fjord1 have announced the award of the contract for the Fannefjord LNG hybrid ferry. The refit Fannefjord will use a 1,050V, 410kWh Energy Storage System (ESS) consisting of 63
Denmark should ban coal use by 2025 to make the Nordic nation a leader in fighting global warming, adding to green measures ranging from wind energy to bicycle power, Denmark's climate minister said on Saturday. Denmark has already taken big steps to break reliance on high-polluting
Orkot Marine Bearings, developed and manufactured by Trelleborg Sealing Solutions, contribute to the build of one of the world’s most efficient and largest containerships, the Maersk Triple E class family, built by Korea’s Daewoo Shipbuilding.
The U.S. Navy has awarded Willard Marine, Inc. (WMI), a five-year contract to provide two types of 7-meter rigid inflatable boats (RIBs) that will serve as ready service lifeboats for search-and-rescue missions. The contract includes a standard craft based on the 7-meter RIB WMI has been
Offshore segment orders Selective Catalytic Reduction; NOx-reduction system to accompany earlier order for MAN four-stroke engines aboard deepwater vessel MAN Diesel & Turbo won the contract to provide a Selective Catalytic Reduction (SCR) system for each of six MAN 16V32/44CR engines that
KNRM, Delft University of Technology, De VriesLentsch Naval Architects and Damen: maritime cooperation leads to innovation Damen and its partners have won the Royal Netherlands Society for Marine Engineering (KNVTS) ‘Ship of the Year Award’ for Nh1816
A senior chief petty officer assigned to Nimitz-Class aircraft carrier USS George Washington (CVN 73) received the Bob Feller Act of Valor Award in a ceremony at the Navy Memorial in Washington, D.C., Nov. 5. Senior Chief Aviation Electronics Technician Carl M
HH Sheikh Ahmad bin Saeed Al Maktoum received The Maritime Standard Special “Maritime Visionary Award” in recognition of his exceptional foresight in supporting and revitalizing the UAE’s maritime sector in his role as Chairman of Dubai World.
Drydocks World the international service provider to the maritime, oil, gas and energy sectors has received the Shipyard/Ship Repair Facility of the Year and the Technology/Innovation Awards for the Modular Capture Vessels(MCV’s) project at the Maritime Standard Awards
Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore energy industry is delighted to announce that, last Wednesday 5 November, the Group was declared as a winner at the Daman Corporate Health Awards which took place at
Kalmar, part of Cargotec, has received an order for three Kalmar Gloria reachstackers and one Kalmar empty container handler to PD Ports' Teesport facility in the United Kingdom. The order was signed in July 2014 with delivery in December 2014.
Voith has won the award for the best PR picture of the year at the “PR Bild Award 2014” (renowned award for PR pictures). Yesterday, on Thursday, the photograph of a Voith turbine runner was declared the winner of the “PR Bild Award”