Marine software pioneer Greensea Systems Inc. has launched spin-off company Armach Robotics, that capitalizes on Greensea’s digital expertise to offer a subscription model robotic hull cleaning system using autonomy, intelligence and data fusion to tackle biofouling.Armach Robotics is not a technology company and does not sell robots; it is a service provider offering a subscription for clean
Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER.The market surge is being driven by crude prices that have climbed to the mid-$80s on fast rebounding oil demand
Near-term prospects for the deepwater sector are excellent. That’s the conclusion of an in-depth market analysis of the floating production market just completed by IMA/WER in the August 2021 Floating Production Systems Report.Asked what is driving the positive sentiment, WER’s Chairman Jim McCaul explains that, “Oil demand growth is expected to continue at a strong pace
The United States and Germany on Wednesday unveiled an agreement on the Nord Stream 2 gas pipeline under which Berlin pledged to respond to any attempt by Russia to use energy as a weapon against Ukraine and other Central and Eastern European countries.The pact aims to mitigate what critics see as the strategic dangers of the $11 billion pipeline, now 98% complete
President Joe Biden will soon order U.S. transportation agencies to crack down on anti-competitive conduct and unjust fees in the rail and sea shipping industries to try to lower costs to consumers, the White House said on Thursday.It said his executive order is aimed at the Federal Maritime Commission (FMC) and the Surface Transportation Board (STB).
Subsea energy services firm Subsea 7 said Thursday it had agreed to merge its renewables business with OHT, and Oslo-listed heavy lift and transportation vessel owner which is building a fleet of offshore wind installation vessels, too.The combined company will be renamed Seaway 7 ASA and will initially retain OHT’s listing on Oslo’s Euronext Growth market
Over 100 new offshore wind turbine and foundation installation and maintenance vessels will be required for offshore projects planned over the next decade, as the number of proposed projects grows, but also as the turbines and foundations get larger, meaning the currently available fleet won't be able to install them. What is more, most of the current fleet could become obsolete by 2025.
Iran said on Wednesday the United States had agreed to remove all sanctions on Iran's oil and shipping but Washington said "nothing is agreed until everything is agreed" in talks to revive the 2015 Iran nuclear deal.The remarks by outgoing President Hassan Rouhani's chief of staff Mahmoud Vaezi echoed previous assertions by officials in Rouhani's pragmatist camp that Washington is ready to make
Greensea appointed Rob Howard as Chief Growth Officer. Currently Howard is VP Growth & Strategy for Greensea’s sister company Armach Robotics, and Howard’s appointment to Greensea in this newly created role will ensure the company is able to exploit its future potential within the business of marine robotics.
Israel's Environmental Protection Ministry said on Thursday that it would not allow oil tankers to enter its Red Sea resort of Eilat as planned under a deal with partners from the United Arab Emirates to transport crude from the Gulf to Europe via Israel.The announcement could lead to the cancellation of the deal
Singapore state investor Temasek is working with its portfolio companies to help them become more green as advancing sustainability goals becomes the new normal, the firm's chief sustainability officer said on Thursday.Temasek, with a portfolio valued at S$381 billion ($278.81 billion) as of March, has committed more than S$2 billion this year to the decarbonization sector alone
The White House plans to move quickly on a $17 billion revamp of U.S. ports approved by Congress as part of President Joe Biden's $1 trillion infrastructure bill.Biden is due to visit the Port of Baltimore on Wednesday to tout funding for revamping U.S. ports facing huge backlogs.The $17 billion will "improve infrastructure at coastal ports, inland ports and waterways