Onshore Manufacturing News

With supply chain attacks on the rise, and nation-state attackers constantly looking for new ways to disrupt national security and economic stability, one of the most vulnerable areas is the security around our maritime operations. The Biden-Harris Administration's recent Executive Order to fortify the cybersecurity of U.S. ports underscores this concern, spotlighting the urgency of addressing vulnerabilities in a sector that drives over $5.4 trillion in economic activity annually.

Semtech, Wilhelmsen and The Things Industries (TTI) have formed a partnership to use Semtech’s LoRa devices to help deliver what they describe as cost-effective, robust and proven IoT solutions to the maritime shipping industry.Wilhelmsen is a global maritime industry group founded in 1861. Semtech Corporation is a  supplier of high performance analog and mixed-signal semiconductors and advanced algorithms.Wilhelmsen has selected Semtech’s LoRa devices as the foundation for its new global 2.4GHz maritime IoT network to deliver an ecosystem of cost-effective, robust and proven IoT solutions for its diverse global customer base at “land and sea.”The global maritime shipping industry is expected to register a CAGR of 16.82% during the forecast period 2019-2024.

Chinese rig builder Honghua Group has been awarded a contract by Orion Engineering and Management Ltd  to build a semi-submersible drilling rig, with options to build three more. According to a statement released by Honghua, the rig deal worth US$320 million was signed by its offshore outfit Honghua Offshore Oil & Gas Jiangsu Company Ltd. According to the Agreement the order is expected to be executed within 60 days. The option to purchase an additional 3 rig units with the same specification of the Rig from Honghua Offshore under the same conditions each respectively will be at an interval of six-months. The Rig and Option Units under the Letter of Award will be equipped with the Company’s in-house design and manufacture drilling package.