Manufacturing Cycle News

DNV GL, the risk management and quality assurance company, has bought a stake in leading public blockchain service provider VeChain as it looks to use the technology to develop new digital assurance solutions. The acquisition builds on the strong relationship between the two firms and follows the recent launch of My Story, a blockchain enabled digital assurance product which gives a new level of insight into supplier and product information. DNV GL took the step to buy the minority stake as it recognises the growth potential in both the VeChain and the technology it is advancing. DNV GL will also expand its blockchain capabilities thanks to extra privileges on the VeChainThor platform after becoming an Authority Masternode owner.

Fendercare subsidiary Hippo Marine has recently been awarded a contract by Subsea 7 for the supply of 80 pipelaying buoyancy modules, each with a net buoyancy of 2100kg and an operational depth rating of 40m. These are destined for use on phase 3B of the Escravos Gas Project being conducted offshore Onne (Nigeria). The order is the culmination of a detailed joint engineering project, which took place within compressed timescales, to develop a flotation solution which has been tailored to Subsea 7’s operational requirements for this project.