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The technology group Wärtsilä has secured a new agreement for its exhaust gas cleaning systems to be installed on two newbuild 218m roll-on/roll-off passenger vessels (RoPax) at Guangzhou Shipyard International (GSI) in China. The contract, which was signed in February 2022, will see Wärtsilä fit and commission two 25-megawatt V-SOx hybrid scrubber systems, which can run… Read More
Shipping decarbonization depends on net zero fuels, and ammonia, methanol and biofuels have different roles to help this transition. Lifecycle analysis can help colour scales to measure shipping emissions and compare fuels more equitably. The shipping industry is calling for decisive government action and enabling policy frameworks to scale the use of zero-emission fuels to… Read More
A new briefing on floating offshore wind from Clarksons Research sees a global potential for 14.5 GW and 1,300 turbines by 2030. Released onto the Clarksons Renewables Intelligence Network, the briefing profiles the prospects for growth in the sector, examining capacity trends, the maritime supply chain and key projects in the industry. Steve Gordon, managing… Read More
Coastal areas are home to major cities around the globe, as well roughly 40% of the world’s population.1 Rising sea levels and coastal flooding around the world due to climate change threaten these areas. While all coastal areas are subject to storms and natural events causing erosion, these factors tend to become greater as sea… Read More
Shipbuilders in the port city of Brownsville, Texas, are nearing the halfway mark on shaping 14,000 tons of steel into a vessel designed to ensure the country’s gamble on offshore wind is less dicey. Meanwhile, 1,676 miles east in Virginia, executives with Richmond-based Dominion Energy who ordered the ship have their fingers crossed. They are… Read More
Marine construction firm J.F. Brennan Company (Brennan) is excited to announce the addition of new Senior Estimator, Government Relations and Hydro Operations Manager Christopher Rousseau, P.E., F.ASCE to its team. “We are fortunate to have Chris join our team,” says Vice President of Business Development Mark Binsfeld. “His firsthand knowledge of hydroelectric generation and surrounding… Read More
This morning, HAL Holding N.V. (HAL) announced an intended voluntary public offer of EUR 32.50 per ordinary share for all issued ordinary shares in the capital of Royal Boskalis Westminster N.V. (Boskalis). On 8 March 2022, HAL informed Boskalis of its intentions. The Board of Management and Supervisory Board of Boskalis will carefully consider all aspects… Read More
KEY FIGURES 2021 Revenue: EUR 2.96 billion (2020: EUR 2.52 billion) EBITDA: EUR 462 million (2020: EUR 404 million) Net profit: EUR 151 million (2020: loss EUR 97 million) Order book: EUR 5.41 billion (2020: EUR 5.31 billion) Dividend proposal: EUR 0.50 per share all cash OUTLOOK Well-filled order book offers solid basis for 2022 Dredging: steady pick-up of market volume with stable margins Offshore… Read More
Royal Boskalis Westminster N.V. (Boskalis) has published both its Annual Report 2021 and its Sustainability Report 2021. In addition to reflecting on developments in 2021, the reports also look ahead. The Annual Report takes a closer look at the development of macro trends and the markets in which Boskalis operates in addition to the strategy for the… Read More
The King Abdulaziz Port in Dammam has recorded the highest daily container throughput at Saudi ports by handling a total volume of 18,020 TEUs on a single vessel through its integrated operational mechanism of maritime and logistical services, according to the company’s release. The landmark milestone was reached when COSCO Shipping Capricorn, a giant container… Read More