Finnish shipbuilder Rauma Marine Constructions (RMC) revealed it has entered into three major supply contracts worth over €100 million ($117.4 million) in total for the main equipment of Pohjanmaa Class multi-purpose corvettes commissioned by the Finnish Defense Forces.The most crucial contracts for the supply of critical main equipment with long delivery times were signed during spring and
U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area.Chevron Corp, Royal Dutch Shell Plc and BHP Group were returning workers to production platforms in the U.S.-regulated northern Gulf of Mexico, the companies said.
Over the past three years, P. Ravindran’s commute from his southern Indian village has been about more than getting to work - the SIM card seller sees his daily trip on India’s first solar-powered ferry as doing his bit for the green revolution.“I am proud to be a frequent traveler on the Aditya...
Offshore oil and gas driller Noble Corp said on Friday it had filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.The company said it would swap all its bond debt, which accounts for more than $3.4 billion of its total debt, with equity in the restructured company.
Galveston, Texas-based dredging contractor Callan Marine announced Thursday it has ordered a new 28-inch cutter suction dredger that's due to join its fleet in 2021.The new dredge, General Bradley, is currently being built by Hagler Systems at the Halimar Shipyard in Morgan City, La. It will be 341 feet long with a 6.6-foot draft.
Callan Marine's new Jones Act cutterhead suction dredge (CSD) General MacArthur and its accompanying idler barge have entered service in Texas, heading to work on several projects before transiting to Corpus Christi for the second phase of the deepening and widening project.The newest and largest dredger in Callen Marine's fleet
Norwegian Cruise Line Holdings Ltd, the world’s third-largest cruise operator, raised doubts about its ability to continue operating on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.The company’s shares closed down more than 20% as it launched a $1.
Four of Carnival Corp’s cruise lines said on Monday they would extend the suspension of all voyages by a month to May due to the coronavirus crisis that has worsened over the past few weeks.The brands - Holland America Line, Carnival and luxury cruise ship operators Seabourn and Cunard - together operate 49 ships.
Carnival Corp’s luxury cruise ships operator Cunard said on Monday it would extend the suspension of all voyages by a month to May 15 due to the coronavirus pandemic.Carnival, also the operator of two coronavirus-stricken Princess cruises, has already temporarily suspended several of its ships due to concerns over the rapidly spreading COVID-19 crisis earlier this month.
U.S. President Donald Trump on Friday said that major cruise lines would suspend cruises for 30 days, following a series of industry announcements that came after repeated transmission of coronavirus among passengers at sea.“At my request, effective midnight tonight, Carnival, Royal Caribbean, Norwegian, and MSC have all agreed to suspend outbound cruises for thirty days,” Trump said on Twitter.
Domestic and international lenders are vying for a slice of Japan’s nascent offshore wind power sector, which is expected to provide as much as ¥3trn (US$29bn) in project financing opportunities, albeit at very low margins.Akita Offshore Wind completed the nation’s first fundraising for a major offshore wind project last month, raising ¥80bn to build wind turbines near two ports in western Japan.
Born at the University of Michigan in the early 1990s, Bristol Harbor Group (BHG) has grown into a diverse and widely respected naval architecture and marine engineering firm. Cory Wood, Vice President and one of the four co-founders of BHG, discusses the companies past and design drivers to power its future.