System integrator Alewijnse Marine Systems and international dredging and marine contractor Van Oord signed a long-term service level agreement covering the Van Oord cable-laying vessels Nexus and HAM601. The contract was started on September 1…
The heads of 7 of the 8 political groups of the European Parliament's environment committee wrote to the Environment Ministers of the 28 EU countries urging them to include international shipping and aviation in a global climate deal at Paris…
Azerbaijan's 2016 budget draft envisages an estimated oil price of $50 per barrel, down from $90 this year, and sees economic growth of 1.8 percent, the document published on the finance ministry's website showed on Monday.The former Soviet…
Roger Holm has been appointed President of Marine Solutions, EVP and member of the Board of Management of Wärtsilä Corporation, effective 1 November 2015. In this position, he is responsible for Wärtsilä's Marine Solutions business globally…
Caterpillar Inc. has been named to the 2015 Dow Jones Sustainability Indices (DJSI), recognizing Caterpillar as a sustainability leader in the Industrial Engineering sector. This marks the 16th time Caterpillar has been included in the DJSI list…
Burning all the world's fossil fuel reserves could thaw the entire Antarctic ice sheet and push up world sea levels by more than 50 metres (160 feet), over thousands of years, an international study said on Friday.Such a melt, also eliminating the far smaller ice sheet on Greenland…
Press release - Aker Solutions has appointed José Formigli to its innovation board and to serve as an adviser for overall strategic decisions.Formigli, a Rio de Janeiro native and engineer by training, has more than 30 years' experience in the oil and gas business…
The 11th Summer Spartakiada Games of Gazprom were opened today in the Tuapse District of the Krasnodar Territory. The opening ceremony took place at the Orlenok All-Russian Children’s Center. Taking part in the event were Elena Kasyan, Head of Gazprom’s Department and Alexander Koryakin…
Two joint-venture companies that NYK has established with Chubu Electric Power Co. Inc. each concluded a time-charter contract for a new liquefied natural gas (LNG) carrier with Chubu Electric Power Co. Inc. In addition, one of the joint-venture companies…
The Switch, a supplier of megawatt-class electrical drives for wind energy, marine and industrial applications, has opened its new global headquarters in Helsinki.According to Jukka-Pekka Mäkinen, President and CEO of The Switch, the primary…
Aker Solutions has appointed David Clark as regional president of the U.K. and Africa to oversee an expansion and support operations in these key markets, the company announced today.Clark, a U.K. national, has more than 30 years of experience from the oilfield services…
From 1 October, a new regulatory amendment will come into effect which requires cruise ships calling to use low sulphur fuel (01% of less) while berthed in Sydney Harbor.A second stage of the amended regulation, which will require the use of low sulphur fuel (0…
The Global Marine Technology Trends 2030 report released today indicates that: * Momentum and capability for a significant evolution in ship design and operation is now building – the report presents design scenarios for commercial ships…
Leading classification society Bureau Veritas has opened a Verification Academy which will help it to meet increasing demand for verification in the EU and globally and to cement its leadership in verification.The Aberdeen-based academy…
Silverstream Technologies, pioneers of air lubrication technology for the shipping industry, today announced the appointment of Stephen Potts as its new Head of Supply Chain. The development is based on the company’s strategy to further…