Franco-American oil services firm TechnipFMC Plc is putting on hold plans to split itself into two due to turbulence in financial markets linked to the coronavirus outbreak, it said on Sunday.The group, created three years ago via the merger of Technip and FMC, had been planning to separate its engineering and construction activities from its upstream oil services business in the first half of
Germany has awarded Dutch shipyard Damen a contract to construct at least four new multi-role warships worth nearly 6 billion euros ($6.7 billion) in an alliance with its Bremen-based partner Luerssen, the armed forces and budget lawmakers said on Tuesday.The ship tender is one of Germany's biggest arms projects
France and Italy forged a military shipbuilding alliance on Friday, as state-controlled Naval Group and Fincantieri signed off on a 50-50 joint venture that will bid for Franco-Italian warship projects and sell to the world market.The alliance reflects the two countries' desire to fend off competition in naval shipbuilding from the likes of China, the United States and Russia.
The intergovernmental agreement signed between French and Italian States to establish Naviris, the joint-venture (JV) between the shipbuilders Naval Group and Fincantieri.This agreement makes the long term alliance launched by these two industrial Groups fully operational.The JV, owned equally by the two groups, will manage ambitious projects
As part of the Sea Traffic Management STM Validation project Costa Crociere, part of Carnival Corporation, integrated Costa and Aida ships to exchange information with other actors, utilizing STM supported standardised formats and interfaces. After verifying operations with these initial ships, the rest of the Carnival Corporation fleet has now been added.
The Board of Directors of Harley Marine Services announced via press release that Harley Franco will no longer be serving as the company’s Chief Executive Officer. Matt Godden will remain as President of the Company. “Since the beginning of 2019, Harley Marine has made significant progress in ensuring its long-term stability as one of the nation’s leading marine transportation providers” said
London-based international law firm Watson Farley & Williams has advised TUI Cruises GmbH on its acquisition of Hapag-Lloyd Cruises from TUI AG for US$1.3bn, excluding net debt.According to the the transaction is subject to customary closing conditions and regulatory approvals and is expected to close in summer 2020.
A temporary consortium formed by Chantiers de l'Atlantique and Naval Group has been awarded a contract for four Logistic Support Ships (LSS). As part of the deal, MAN Energy Solutions will supply the Chantiers de l’Atlantique shipyard with a total of 16 engines in connection with the building of the four refueling tankers for the French Navy.
Fincantieri has been awarded an order from Chantiers de l’Atlantique (CdA) for the construction of the forward sections of four vessels based on the Italian “Vulcano” design.The forward sections will be built in Castellammare di Stabia (Naples), as for the “Vulcano” vessel, with deliveries to Chantiers de l’Atlantique scheduled between 2021 and 2027.
Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports in Japan are expected to decline 12 per cent to 72.8 million tonnes per annum (mmtpa) compared to 2018, while China’s import volume rises 37.5 per cent to 74.1 mmtpa.
Renewable energy investors and developers are increasingly turning to digital technology to build effective investment strategies, with almost half (47%) of the finance industry saying they have digitalization as a core part of their publicly stated strategy.New industry-wide report from DNV GL highlights benefits and challenges of digital technologies for renewable energy financing as market
91% of energy companies say digital skills training is needed, data science and big data analytics identified as most important digital skillsets & 65% of organizations need employees with creative problem-solving competence in their workforce.A lack of digital skills and internal barriers related to company culture and mindset are the biggest roadblocks hindering digital progress in the energy