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.
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
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
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
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.
Geodis Wilson, a freight management companies, has been awarded the Best Logistics Service Provider – Project Cargo, at the 27th Asian Freight and Supply Chain Awards (AFSCA). SK Yeung, Managing Director Geodis Wilson Greater China, and Bill Guo, Sales Director for Hong Kong and China, received the Award during the ceremony in Beijing. The key criteria for award entrants for this particular category were to provide bespoke solutions for cargoes outside the normal product range;
Wave catamaran cruiser yacht design by Roberta Visintin wins the Silver A' Design Award A' Award and Competitions announce that the design Wave Catamaran by Roberta Visintin has been recognized with the Silver A' Design Award in the Yacht and Marine Vessels Design Category, after rigorous judging by the international committee of A' Design Awards & Competitions. Roberta Visintin, the creator of the project Wave Catamaran explains: “Thinking about the sea as a world in a continuous
Intellian Technologies, marine satellite entertainment and communications provider, received a World Class Products award from the South Korean Government. Headquartered in Seoul, South Korea, the company’s marine satellite tracking antenna systems were selected by the Ministry of Knowledge Economy (MKE) during the recent certificate granting ceremony at the COEX InterContinental Hotel. MKE World Class Products represent over 10 percent of South Korea’s international market share
Norwegian Design Council recognises design innovation with prestigious award Kongsberg Maritime's New Offshore Vessel Simulator Instructor System has received a prestigious Award for Design Excellence from the Norwegian Design Council (NDC). The award was presented to Kongsberg Maritime during the NDC's Design Day, which took place in Oslo on Wednesday 16th March 2011. The Award for Design Excellence is a leading award for design in Norway and is given to both manufacturers and designers
Ramco Systems has announced that it has been awarded a five-year contract from the Asia division of Vopak, the world’s largest independent tank storage provider, to integrate a part of its regional Human Resource functions into a single platform.
Preferred shares of Brazilian state oil company Petrobras rose sharply on Friday as investors bet that President Dilma Rousseff will not be able to win re-election in the first round of the October elections. The death of the presidential candidate Eduardo Campos in a plane crash on
The North America Stevedoring Company (NASCO) division (Chicago) of Quebec Stevedoring says it has received a coveted award under the American Equity Underwriters Inc. (AEU) Safety Award Program. Awarded in recognition of the best performing companies in the area of health and safety among
Holland America Line launched a “Discover Canada & New England Sweepstakes” that will award five of the line’s Pinterest followers a $500 American Express gift card. The sweepstakes runs through Sept. 20, 2014, and the winners will be selected in a random drawing at
Australia's North West Shelf liquefied natural gas (LNG) export project awarded at least one cargo each to Shell and Norway's Statoil following a tender, sources with knowledge of the matter said. The sell tender for four cargoes loading in October and November was launched last week
Survitec Group announced that it will showcase its SurvitecZodiac range of escape slides and liferafts at the SMM exhibition in Hamburg as part of the Survitec Group Stand (Hall B5, Booth 324) and will include presentations of what the company calls the most advanced escape slide systems on the
ESS Support Services Worldwide, part of Compass Group, has won a new, three-year contract, worth £10.5 million, to provide hotel and catering services to Dolphin Drilling Ltd. Aberdeen-based ESS has worked with Dolphin Drilling since 2007
Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Group, according to Yonhap News.
MOL Commended for ‘FY2013 Best Quality Ship Award’; MOL president Koichi Muto meets with captain and chief engineer, exchanging views and working to establish a more solid safe operation system. Mitsui O.S.K. Lines, Ltd. (MOL) announced that four MOL-operated and managed ships
The new Allseas vessel, 'Pieter Schelte', is able to replace the previous slower method of removing topsides piece by piece with one lift, meaning a decommissioning job could be done in a fraction of the time, say analysts Douglas-Westwood in their latest 'DW Monday' report.
ABB, the leading power and automation technology group, has won an order worth about $35 million from Hydro-Québec to upgrade the 350 megawatt (MW) Madawaska high-voltage direct current (HVDC) transmission link, that connects the grids of New Brunswick and Hydro Québec in southeast
Peel Ports Group has committed £5.5 million to introducing advanced infrastructure and AutoGates technology as part of its ongoing investment at the Port of Liverpool. With the £300 million deepwater Liverpool2 expansion due to be open next year
MacGregor, a part of Finnish cargo-handling equipment maker Cargotec, has won an order to supply equipment for vessels to be built for Bumi Armada Berhad, a Malaysia-based international offshore oilfield services provider, Cargotec said on Friday.
General Dynamics C4 Systems - built Warfighter Information Network - Tactical (WIN-T) Increment 2 Soldier Network Extension (SNE) continues evolving with new capabilities based on soldier feedback and mission-centered innovation. In addition to recent updates that make the SNE more
CWind Ltd, a provider of services to the offshore wind industry, is once again among the winners at the RoSPA Occupational Health and Safety Awards 2014. The Gold award in the prestigious annual scheme run by the Royal Society for the Prevention of Accidents (RoSPA) was presented during a ceremony