News

Wind turbine manufacturer Vestas has secured a 96MW order from Stena Renewable to deliver turbines for the Lemnhult wind farm projectin Vetlanda Municipality, Sweden.

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited (“XER”), has signed a letter of intent (“LoI”) with Teekay Shipping Norway AS

A further key link in the plan to provide effective search and rescue (SAR) coverage off the coast of Africa has been established

Wyker Dampfschiffs-Reederei (W.D.R.) puts the second double-ended ferry into service on the Föhr-Amrum line in only 18 months.

State-owned China Ocean Shipping​ (Group) Co (Cosco) plans to heavily invest in US, German and Indian port facilities, in a bid to increase revenue from its port-administration operations by securing controlling stakes in key container ports, said Cosco chairman Wei Jiafu.

A proposed extension of the EU-Morocco Fisheries Agreement was declined by the European Parliament.

Maersk Supply Service has signed a contract with Chilean shipyard Asenav for two innovative new offshore vessels with an option for – up to – four additional vessels.

According to ABB, a significant increase has been noted in terms of demand upgraded vessel information and control systems in last 12 months.

LNG as ship fuel is already a proven alternative for short sea shipping, but what about the primary engine of global trade – the boxship

Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services

Maersk Line announces the re-introduction of the CRX as per January 2012, the weekly liner service connecting Mexico and Costa Rica directly with UK, Netherlands and Germany.

The Competition Authority of Sweden has approved APM Terminals’ filing for the Skandia Container Terminal in Gothenburg, Sweden.

Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement with Bank of China. The facility provides financing of the third installment

IHC Merwede has announced that it has recently secured orders for advanced vessels and equipment in its core markets of dredging and offshore

Electricite de France (EDF) in partnership with GE has unveiled its plans to jointly develop its first 510MW gas fired power plant to be connected to a national grid in Bouchain, France.

France-based Alstom has signed a €400m contract with Iraq's Vice-Minister of Electricity to build a 728MW gas-fired power plant in the Diyala Governorate, north-east of Baghdad.

Power and automation technology group ABB will invest more than $400m to double the capacity of its manufacturing facility for high-voltage cables in Karlskrona, Sweden.

Leading German heavy lift operator BBC Chartering from Leer secured the contract to transport radio telescope antennas for the currently largest cosmic project on earth, the ALMA observatory.

Kleven Maritime has signed a contract with offshore ship owning company Ugland Offshore on the delivery of an advanced platform supply vessel. The vessel is to be delivered from Myklebust Yard in June 2012.

Keppel FELS Limited is on course to deliver ENSCO 8505, the sixth of seven ENSCO 8500 Series® ultra-deepwater semisubmersible (semi) drilling rigs to Ensco safely, on time and within budget.