BIMCO’s Documentary Committee, chaired by Mr Karel Stes, gathered in Singapore for its spring meeting on 23 April. The Committee’s contract experts reviewed a number of new contracts and clauses dealing with a wide variety of topical subjects ranging from wind farms to solid bulk cargoes that can li
Floating wind turbines are to be the initial focus of a new agreement between Britain and the United States this week as international talks convene in London to accelerate the deployment of clean energy technologies. Energy Ministers from 23 of the world’s leading economies will gather in London on
Hitachi Ltd. and Fuji Heavy Industries, Ltd. have reached a basic agreement on the assignment of FHI’s wind turbine generator system business to Hitachi. Towards the completion of assignment, which is planned for July 1, 2012, Hitachi and FHI will discuss the specific terms of the future agreement.
While the future of new wind farm development hangs in the balance, there are still many more dollars to be made by focusing on smarter operations & maintenance (O&M) strategy for live projects in North America. This becomes even more essential as the volume of projects reaching end-of-warranty incr
Siemens continued broad-based revenue growth in the second quarter of fiscal 2012. Revenue in the second quarter rose nine percent year-over-year, supported by a strong order backlog. New orders were down 13 percent. Income was considerably below the prior year due to burdens in the Power Transmissi
Hydrodynamicists at Pelamis Wave Power have published a scientific paper that could have profound implications for the race to commercial production of wave energy converter machines, after proving the theoretical advantage of line absorbers over point absorbers. The paper entitled “Maximum wave-pow
Ballast Nedam is holding up in the still deteriorating market conditions and has achieved a revenue and profit approximately in line with those for the first quarter of 2011. Excellent results have been achieved on several major multiyear projects and in niche markets, while the regional infrastruct
93% of Scots polled are either more supportive or their views unchanged by Trump’s comments on wind power. Poll also suggests 85% of Scots surveyed believe Scottish Government should place little or no weight on Donald Trump’s views when making decisions about energy policy The majority of people po
Effective May 1, 2012, Karlheinz Springer (53) will become CEO of the Power Transmission Division of Siemens Energy. He was head of the Instrumentation & Electrical business unit since 2005 before he took over the leadership of the Power Transmission Solutions business unit at the beginning of March
Columbia Power has awarded InterMoor, an Acteon company, the contract to design a cost-effective and survivable mooring system for its StingRay offshore wave energy converter (WEC) prototype. The project, which has already started with some advanced modelling and design work, will last for two years
ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, dr
The Bureau of Ocean Energy Management (BOEM) announced the next step in evaluating a proposed lease for testing marine hydrokinetic technology offshore Florida. The bureau is making available for public review and input an environmental assessment that considers the effects of issuing a lease for te
A model of MCT’s SeaGen tidal technology is one of a number of exhibits on display at the BIS Marine Industry showcase, which is taking place in London between 16th – 27th April. The Marine Industry Showcase is opportunity to highlight the industry sector’s contribution to the UK economy and the Gov
Nexans today announced 2012 first-quarter sales of 1,752 million euros, that is, 1,169 million euros at constant non-ferrous metal prices, reflecting an annual growth of +0.6% at constant exchange rates and comparable scope. As a reminder, the organic growth rate for the first quarter of 2011 was 13
