Orsted Hopes COVID-19 Will Not Slow Japan's Offshore Wind Projects
Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. "The pandemic will not influence investment decisions and general confidence in offshore wind, but it could delay the projects' timeline," Matthias Bausenwein, president of Orsted Asia-Pacific, told Reuters in a telephone interview. "We hope that we won't see any major delays," he said.
Naval Group Teams-up with 9 Australian Firms
French shipbuilder Naval Group has signed nine different memoranda of understanding (MoU) with Australian companies to manufacture its countermeasure solutions for the Royal Australian Navy in Australia.The specialist in naval defence and marine renewable energy said that its Pacific unit is proposing a breakthrough in anti-torpedo countermeasures for Australia’s submarine and surface ship programs with CANTO, the latest countermeasure generation based on Dilution/Confusion multi-effects.This breakthrough in the field of anti-torpedo defence, applies the dilution/confusion concept to defend High Value and Mission Essential Units by generating a high-level acoustic signals over 360-degree…
Zim Rejigs Organizational Structure
Israel’s shipping firm ZIM Integrated Shipping Services has launched an extensive program aimed at changing its organizational structure. The change is based on the company's business plan to focus on profitable trade areas in which ZIM enjoys competitive advantage. Company's management said that the aim of the program is to build a lean and agile enterprise, attentive to the needs of customers and market trends. The shipping operator will transform the regional branches to create three business units that will report directly to the head of the company. The Pacific Unit will be responsible for transport between Asia and North and Central America…
Rosa, Transocean Senior VVP & CFO
Transocean Ltd. (NYSE:RIG) announced that Ricardo H. Rosa has been named Senior Vice President and Chief Financial Officer, effective September 1, 2009. Rosa will be based in Geneva and will report to Robert L. Long, Chief Executive Officer. Rosa will succeed Gregory L. Cauthen. Rosa is currently Senior Vice President of the company's Europe and Africa Unit (EAU). Previously, he served as Senior Vice President of the company's Asia and Pacific Unit (APU). Prior to that role, he…
Swire Pacific Unit Buys Four Vessels
Swire Pacific Offshore, a Singapore-based unit of Hong Kong listed Swire Pacific Ltd, is reportedly investing more than $50 million to buy four new vessels.
