Canary Island News

28 Jun 2016

Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä will offer maintenance and repair services at a new maintenance hub for marine and power plant operators in cooperation with Zamakona Yards in Las Palmas, Canary Islands. Photo Wartsila

Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups, Zamakona Yards, will provide Wärtsilä's high quality service expertise to satisfy the growing needs of marine and power plant operators. Wärtsilä will offer maintenance and repair services at a new maintenance hub for marine and power plant operators with special focus on the offshore market in cooperation with CCB Zamakona Offshore S.L.

09 Mar 2016

APM Terminals Wraps Up TCB Acquisition

TCB Barcelona container terminal photo APM

APM Terminals has completed the USD 1 billion acquisition of Spanish Grup Maritim TCB’s port and rail interests. APM Terminals has yet to receive approval for three of 11 terminals under Grup Maritim TCB, but has decided to move ahead with the acquisition, as the remaining terminals constitute less than 5% of the value of the acquisition. The acquisition thus adds 8 ports with a combined 2 million TEU equity-weighted volume to APM Terminals, expanding the network to 72 operating ports, across 69 countries.

31 Mar 2015

CMA CGM profits up 43%

Photo: CMA CGM

French container line operator CMA CGM has announced that its 2014 net consolidated profits rose by 43% over the previous year to USD584 million thanks to a growth in volume and significantly reduced costs. Consolidated operating revenue for the company increased by 5.3% in 2014, compared with the previous year, to $16.7bn on an 8.1% volume increase to 12.2m teu, which CMA CGM said was mainly attributable to east-west gains. Volumes carried rose by 8.1% year on year (y/y) to 12.2 million teu and revenues increased 5.3% to USD16.7 billion.

24 Jun 2014

Spain Gives Go-ahead to Canary Islands Drilling

Spain's Supreme Court approved on Tuesday a $7-billion oil exploration project off the Canary Islands, clearing one of the final hurdles for oil company Repsol to begin drilling within months. In 2012, Spain's government granted permits for hydrocarbon exploration off the coasts of the Fuerteventura and Lanzarote islands, but they were frozen while courts decided on a number of appeals on environmental grounds. Of the seven appeals against drilling rejected by the Supreme Court, one was from the local Canary Island government, which initially supported the project but then turned against it. Repsol, which leads a consortium including Australia's Woodside Petroleum Ltd and Germany's RWE Dea AG…

29 Apr 2013

Canarias Multinautica Gains IMCI Certification

Canarias Multinautica S.L. located in the Canary Island has been successfully certified by IMCI in all four required business certification areas: boat specialized trade, accessories specialized trade, boat service specialized trade, engine sales and service specialized trade (three levels). The certification of Canarias Multinautica S.L. was commissioned on behalf of Yanmar. IMCI has an advanced corporate certification approach which focuses on quality. Compliance is regularly checked using clearly defined objectives.

11 May 2012

Gamesa to Site Prototype Offshore Wind Turbine in Spain, Not U.S.

This offshore prototype will be the first to be installed in Spain,  Gamesa having chosen Arinaga Quay in Gran Canary Island: a decision driven by technical and wind resource considerations, offshore market trends and investment return criteria. The installation of  Gamesa's first offshore prototype in Europe freezes the offshore prototype project in Virginia (United States), in Cape Charles. The milestone to design a competitive offshore turbine in the R&D centre in Virginia has been fulfilled, but the prospects for the U.S. offshore market and its regulatory conditions in this segment so far do not justify the next step, the installation of a prototype in the U.S.

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