Norwegian maritime technology company Kongsberg Maritime has agreed to acquire Swedish propulsion specialist Berg Propulsion in a move aimed at expanding its marine propulsion portfolio and strengthening its position across a wider range of vessel segments.Financial terms of the transaction were not disclosed
Introduction. Looking back at history one could argue that it was French author Jules Verne in his book “20,000 Leagues Under the Sea”, published in 1869, who was speculating about a new power source much in the same out of the box thinking that H.G. Wells employed when he wrote about inter-planetary flight in “War of the World’s.
Great Lakes Dredge & Dock Corporation and Saltchuk Resources, Inc. announced a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion.Under the terms of the agreement, which has been unanimously approved by the Board of Directors of both companies
More than 200 guests attended the official naming ceremony of Stena Line’s newest vessel, Stena Futura, at Belfast Harbour. The 147-mhybrid freight ferry Stena Futura is the first of two next-generation “NewMax” freight vessels purpose-built for the busy Belfast–Heysham route. The ship is methanol-ready and equipped with hybrid propulsion systems
Bernhard Schulte Offshore (BSO) has taken delivery of Windea Clarke, the fourth and final commissioning service operation vessel (CSOV) in its latest newbuild series, with the vessel set to enter a seasonal charter on a UK North Sea offshore wind project.The vessel was christened on June 30 at Ulstein Verft in Norway and completes a series of four new CSOVs integrated into BSO’s offshore fleet
Australia's competition regulator said on Friday the proposed merger of energy contractors Subsea7 and Saipem would face a second-phase review over concerns it could reduce competition in key offshore oil and gas services.Here are a few details:The Australian Competition and Consumer Commission (ACCC) said the deal could lessen competition in the supply of certain subsea infrastructure used to
Siemens Energy on Thursday warned of possible wind turbine capacity cuts in Europe if governments fall behind in efforts to expand offshore power, saying a lack of determination could become an "existential threat" to the industry.The comments by one of Europe's biggest industrial firms reflect growing concerns about the future of the continent's manufacturing capabilities
Berg Propulsion has reorganized its leadership structure as part of a planned transition aimed at supporting the company’s long-term growth strategy.Philip Chaabane had assumed the role of chief executive officer (CEO) at the company, effective May 1, while Stefan Sedersten would remain executive chairman focusing on growth initiatives.
The Pentagon is sending an aircraft carrier from the Caribbean to the Middle East, two U.S. officials told Reuters on Friday, a move that would put two carriers in the region as tensions soar between the United States and Iran.The Gerald R. Ford carrier, the United States' newest and the world's largest carrier
HII announced that its Newport News Shipbuilding (NNS) division has successfully completed builder’s sea trials of John F. Kennedy (CVN 79), the second Gerald R. Ford-class nuclear-powered aircraft carrier.Kennedy returned to NNS after testing important ship systems and components at sea for the first time.The sea trials brought together NNS shipbuilders, John F.
Christopher Ralph Lavers and Edmund G. R. Kraal have released a new edition of their volume 7 book, Advanced Electrotechnology for Marine Engineers - Reed's Marine Engineering and Technology Series. Copies can be purchased here.
Belgium-based offshore installation services company DEME has secured a contract to carry out the transport and installation works for the inter-array cables for the Nordseecluster B offshore wind farm in Germany.DEME deemed the contract sizeable, meaning its value is between $58 million and $176 million.