News

KDC Solar has completed the construction of a 3.25MW rooftop mounted solar facility in New Jersey, US, in partnership with SunDurance Energy.

Vietnam will receive a $8bn loan from Russia to build its first nuclear power plant in Ninh Thuan.

Voith Hydro will supply an entire equipment package for the Sainj Hydro-Electric Project in India, under a contract awarded by Himachal Pradesh Power Corporation.

Opcon Bioenergy has secured a Skr17m ($2.48m) order for machinery for the expansion of Skara Energi's bioenergy plant in Sweden.

The unique fuel conversion of the product tanker ‘Bit Viking’, from heavy fuel oil to gas operation, has been finalised and in October the vessel was handed over to the customer, Tarbit Shipping.

ST Kinetics, the land systems arm of ST Engineering, and Cargotec, on November 18, signed a cooperation agreement to develop automated seaport equipment.

In September Atlas Ship Delivery already brought the former passenger vessels from Sweden to Hardinxveld (The Netherlands) where the twins will be upgraded to luxury offshore energy accommodation vessels.

Salvors suspended operations alongside the Rena this afternoon because of deteriorating weather conditions, says Maritime New Zealand (MNZ).

One of the Tacoma Port main containership terminals requires dredging since sediments limited its use making it difficult to berth ships at the terminal. The Port officials plan to spend $1.5 million to deepen water adjacent.

Stena Line’s Superfast VII ship has arrived at her new Loch Ryan Port home in Cairnryan in preparation for the opening of the new ferry route between Scotland and Northern Ireland on November 21st.

Saturday November 19th, the LNG-powered ship Viking Prince was launched at Kleven Yard.

The globalization of maritime businesses allows shipping companies to source from the most cost-efficient suppliers. This has led to the reduction of international transport costs,

The World Bank has approved a $297m loan for the financing of the Ouarzazate concentrated solar power (CSP) plant in Morocco.

Wind turbine manufacturer Suzlon Energy (SEL) has secured a fourth consecutive order from GAIL to deliver 23MW of wind turbine generators which will be installed in the Indian states of Karnataka and Tamil Nadu.

Offshore Marine Management (OMM) has secured a contract from electricity grid operator TenneT, to provide project management and strategic consultancy services.

Origin Energy has secured a long-term power supply contract from Acciona for its 46.5MW Gunning wind farm in Australia.

Current oil prices are "reasonable" and the rapid rebound in Libyan crude output should see other OPEC members trim production, OPEC 's head said, adding he expected the next meeting of the oil exporter group to be more amiable than the last one in June.

Asian refiners could earn as much as 20 percent less in 2012 from processing a barrel of crude into fuel than this year's average, as they get pinched between new additions to capacity and expectations of slowing global demand growth.

A crude oil pipeline in the UAE that will bypass the Strait of Hormuz is nearly complete with first oil to flow next month, four industry sources told Reuters on Monday.

President Goodluck Jonathan has been urged to develop new ports in some major cities like Lagos, Calabar, and Port Harcourt to enable the country compete favourably in West and Central Africa.