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;
Jodi Satches named 2011-2012 Safety Professional of the Year by Signal Mutual Indemnity Association Ltd. Ms. Satches is Bollinger's Vice President,Health, Safety & Environmental Services, and the award was presented to her recentlly at the Signal Mutual Board of Directors Meeting in Orlando. The Safety Professional of the Year Award is presented to the industry representative who has promoted employee safety and health throughout their organization
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
Attorney John Boehnert honored by Rhode Island Bar Association for article on federal Coastal Zone Management Act The Rhode Island Bar Association honored Rhode Island real estate and environmental lawyer John M. Boehnert with the Rhode Island Bar Journal Lauren E. Jones Writing Award for his article “Rhode Island’s Coastal Resources Management Program and the Coastal Zone Management Act’s Federal Consistency Program”.
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
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
For an unprecedented 19th consecutive year–and with its highest score ever–Travel + Leisure readers have voted Crystal Cruises the “World’s Best” Large-Ship Cruise Line in the prestigious magazine’s 2014 annual survey
Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator's concession in Africa's largest container terminal in a row over how the contract was awarded. "The resulting agreement unfairly favoured DP World
A U.N. tribunal has awarded Bangladesh nearly four-fifths of an area sprawling over 25,000 sq km (9,700 sq miles) in the Bay of Bengal, ending a dispute over a sea border with India that has ruffled ties between the neighbours for more than three decades.
Marine Entertainment Leader Reaches Unparalleled Adoption by Boatbuilders and Manufacturers Auckland, New Zealand – FUSION®, a worldwide leader in marine audio, announced today its innovative and award-winning FUSION-LinkTM technology has been adopted by all marine Multi-Function
Crowley Maritime Corporation recently presented U.S. Merchant Marine Academy (USMMA) Midshipman Kevin Berto with the Maritime Security Enhancement Award during the Academy’s award convocation. Berto received the award, which was established by Crowley in 2003
The recent decision by Chinese antitrust authorities to block approval of the P3 Ocean Carrier Alliance has increased the demand for Ocean Contract Management. In response, Freightgate is offering free demonstration of its award winning Rate & Tender Management Tariff-Trek! Solution.
A consortium formed by units of local builder Grana y Montero and Germany's Oiltanking won a 20-year contract for managing five fuel terminals in Peru, Grana y Montero said on Wednesday. The consortium will invest about $225 million in the project
PSA International Pte Ltd (PSA) won the “Best Global Container Terminal Operating Company” award for the ninth year, and PSA Singapore Terminals was voted “Best Container Terminal – Asia (over 4 million TEUs per year)” for the 25 time at the 28th Asian Freight &
Micanti has won the Dutch Chamber of Commerce’s SME Innovation Top 100 Award. The Dutch maritime technology company Micanti has won the award for its design of a 100% environmentally friendly antifouling foil. Its working is based on small fibers
Rosneft won international public award The Tree of Ecology in the category of ‘Company leader in contribution to environmental protection measures’ during the celebration of world environment day, the Ecologist Day, and a 10th anniversary of Federal Service for Supervision of