Tocardo earns Ofgem creds

first_imgDutch tidal energy developer Tocardo Tidal Power has obtained accreditation under the renewables obligation scheme for its 1.4MW EMEC deployment.The accreditation, issued by UK’s regulator for gas and electricity Ofgem, and the deployment at the European Marine Energy Centre (EMEC), have made Tocardo ready for large scale roll-out of its generic solution for tidal energy production, the company said.Hans van Breugel, CEO of Tocardo, said: “With this accreditation under this renewable support scheme for the EMEC project, a commercial business case has been secured. Tocardo’s benchmark is to produce energy at the cost of offshore wind in the near future. To be able to achieve this, the tidal energy sector needs to be enabled to increase the installed volume of equipment.“In that respect, it is important to see an industrial support scheme suitable for the marine energy sector, to encourage technology companies like Tocardo to build out on an industrial scale in the UK.”Tocardo has entered the tidal energy market in the UK with the InToTidal project kick-off and subsequent installation of Tocardo’s temporary foundation system (TFS) in Orkney earlier this year.The deployment at EMEC’s Fall of Warness grid-connected tidal test site year marked the start of the Tocardo’s planned 20-year commercial demonstration project in Orkney.Led by Tocardo, the project brings together Orkney-based companies EMEC and Leask Marine, and French research institute IFREMER.Tocardo has already been working with international shipyard DAMEN, as well as Leask Marine, Bryan J Rendall Electrical, and Aquatera in Orkney for the system deployment.The next deployments by Tocardo are planned to take place in Wales and Canada. Tocardo’s TFS system off Orkney (Photo: Tocardo)last_img read more

Dynagas LNG Partners posts Q2 loss

first_imgClean Energy (Image courtesy of Dynagas LNG Partners)Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, on Tuesday reported a second-quarter loss of $5.2 million, after reporting a profit in the same quarter a year before.The company posted loss per common unit of $0.19 for the three months ended June 30.Adjusted earnings per share and EBITDA were at $0.07 and $22.9 million, respectfully.Dynagas quarterly voyage revenues stood at $32 million as compared to $42.6 million in the second quarter of 2016.“We have previously communicated that this quarter would be affected by scheduled class surveys and related dry dockings for three of our six vessels which would result in cost items and would also qualify as off-hire under the relevant contracts,” said Chief Executive Tony Lauritzen.“We are satisfied that the class surveys, including dry dockings, were completed in a quick and efficient manner with an average of approximately 15 days per vessel from arrival to departure at the shipyard. The vessels are on a 5-year special survey cycle, therefore we expect the next special class survey and related dry docking to occur in about 5 years,” said Lauritzen.last_img read more

Naval Energies names new president

first_imgNaval Energies has appointed Laurent Schneider-Maunoury as a new president.Laurent Schneider-Maunoury, who will replace Thierry Kalanquin, is a graduate of Polytechnique and Ecole Nationale des Ponts et Chaussées.His mission is to accelerate the development and sustain the growth of Naval Energies, the company explained.Laurent Schneider-Maunoury said: “I am honoured and proud to join Naval Energies, this newly-created company, which already holds some impressive credentials. I admire its breakthrough technologies and its capacity to develop industrial projects in complex environments. I have every confidence in the talent of its teams and partners for successfully rising to the operational and commercial challenges that will allow Naval Energies to become a world industrial leader for marine renewable energy. Attentive to the needs of its customers, its employees and its shareholders, my priority will be to develop the group as energy transition is gaining momentum across the planet.”An engineer by training, Laurent Schneider-Maunoury has a solid experience of company management both in France and internationally.Laurent Schneider-Maunoury started his career within the PSA Group, then after being responsible for industrial development and special advisor to the Préfet of the Champagne-Ardenne Region, in 1996 he joined Safran where he held various senior positions.In 2016, Laurent Schneider-Maunoury was appointed general manager of Quantel, specialized in ophthalmological and industrial lasers, where he led the managerial and shareholder transition.Laurent Schneider-Maunoury is 51 years old and holds an MBA from the Collège des Ingénieurs.last_img read more

Bureau Veritas to Class CMA CGM’s LNG Fuelled Mammoths

first_imgFrance-based classification society Bureau Veritas (BV) has been awarded the responsibility for classification of CMA CGM’s new 22,000 TEU containerships. The classification society informed that the decision for the nine ships to be fuelled by liquefied natural gas (LNG) has been carefully considered and Bureau Veritas has been closely involved in feasibility studies, working with the owner, builders and technology providers.“This is a breakthrough order for gas fuelled shipping – both in scale and in the use of a membrane containment system. Bureau Veritas has been supporting the project throughout, providing assistance to ensure the requirements for the safe use of LNG are addressed,” Philippe Donche-Gay, President, Bureau Veritas Marine & Offshore, said.The new ships will have a bunker capacity close to 18,000 cubic metres (cbm) and this represents a significantly higher volume than has been required in the LNG fuelled ship market. Bureau Veritas has investigated the feasibility of the design together with shipbuilding group China State Shipbuilding Corporation (CSSC) and French marine engineering company Gaztransport et Technigaz SA (GTT).GTT has been chosen for the design of cryogenic tanks for the nine containerships.“As CMA CGM have said, they will be the first shipping company in the world to equip giant containerships with LNG propulsion, pursuing a strong commitment to the protection of the environment and to ocean conservation. For us this is an exciting project to be involved in and our teams in China, supported by expertise in Paris, are looking forward to working on these innovative new ships,” Jean-François Segretain, Bureau Veritas Marine Technical Director, said.The deliveries of the nine vessels will take place between the end of 2019 and the end of 2020.last_img read more

HSH Nordbank Looking to Sell All Shares in FSL Trust

first_imgGodan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is in discussions with investors for a potential sale of all of its shares in FSL Holdings, the sponsor of the trust.FSL Holdings, through FSL Asset Management, owns all of the shares of the trustee-manager.The sale by Godan, a subsidiary of HSH Nordbank AG, would result in the change of the beneficial ownership of the sponsor and the trustee-manager.“The trustee-manager views this as a positive development for the trust and anticipates that with a long-term strategic investor controlling the sponsor, prospects for a refinancing and/or extension of the trust’s indebtedness should be greatly improved,” FSL Trust Management said.The manager added that there “is no certainty or assurance as at the date of this announcement that Godan will enter into any definitive agreements for the sale of FSL Holdings.”last_img read more

Spotted: PhilaPort Hosts Another Record-Breaking MSC Ship

first_imgImage Courtesy: PhilaPortMSC Shuba has become the largest container vessel to ever call at the Port of Philadelphia.The 12,238 TEU Neopanamax docked at the Packer Avenue Marine Terminal on February 13.Operated by Switzerland’s Mediterranean Shipping Company (MSC), the 330-meter-long MSC Shuba B arrived from the West Coast of South America.“Being able to handle a 12,200 TEU container capacity vessel is a game changer”, Jeff Theobald, PhilaPort Executive Director and CEO, commented. “This size of vessel is increasingly being used as the workhorse for shipping lines around the world. It’s the reason why we are working so hard to make the necessary capital improvements which we have planned as quickly as possible,” he added.MSC Shuba B took the title of the largest boxship to call this port from the 11,568 TEU MSC Avni which is also operated by the abovementioned company.PhilaPort is currently implementing a USD 300 million infrastructure improvement plan which includes wharf strengthening, new cranes, paving and many other terminal improvements.In 2017, the port realized 19 percent growth in its containerized cargo volumes handling 548,000 containers.“It’s great to see this new class of vessel here before we have our new cranes and the official opening of the new deeper channel”, Tom Holt, President of Holt Logistics, said.last_img read more

GDPR: Updated privacy notice

first_imgYou are probably aware of the new General Data Protection Regulation (GDPR) that will come into effect on May 25th.  In a nutshell it means your personal data will better protected, hence increasing your privacy.We have always cared about your privacy and will continue to do so in all our future activities. That is why we have updated our Privacy Policy and Terms of Use (from May 25, 2018, in compliance with the GDPR, that protects your privacy rights.In our updated Privacy Policy and Terms of Use you can read how we collect and use your data. We recommend you read these documents.These updates will take effect for both new and existing users. By continuing to use our platforms, you agree to these updated terms.Please feel free to contact us with any further questions in regards to the GDPR.Thank you for using our platforms and we hope to welcome you soon again.last_img read more

Aker BP given nod for three North Sea wells

first_imgMaersk Intrepid. Image source: Maersk Drilling under CC BY-NC-ND 2.0 licenseAker BP has been given a permission by the Norwegian Petroleum Directorate to drill three wells in the North Sea.The company will use the Maersk Intrepid jack-up drilling rig to drill production wells 25/10-16 S, 25/10-16 A, and 25/10-16, after it completes drilling production wells on the Martin Linge field in the northern part of the North Sea.The drilling program for wells 25/10-16 S and 25/10-16 A relates to the drilling of two appraisal wells and the drilling of one wildcat well 25/10-16 B in production license 028 B. Aker BP ASA is the operator with an ownership interest of 35 percent. The other licensees are Equinor Energy AS (50 percent) and Spirit Energy Norge AS (15 percent).The area in this license consists of part of block 25/10. The wells will be drilled about ten kilometers north of the Ivar Aasen field in the central part of the North Sea.Production license 028 B was awarded on 15 December 1999, and was carved out of production license 028 which was awarded in 1969 in the 2nd licensing round on the Norwegian shelf. These are the first three exploration wells to be drilled within the actual license, but two exploration wells were drilled when oil and gas discovery 25/10-8 Hanz was proven and delineated for the first time in 1997.last_img read more

TE SubCom Wins MainOne Cable System Extension Project

first_imgTE SubCom, a TE Connectivity company, has secured a contract from connectivity and data center solutions provider, MainOne, to extend its active submarine cable system into West Africa’s francophone region with two additional branches connecting Senegal (Dakar) and Cote D’Ivoire (Abidjan). These new branches will connect to MainOne’s 7,000km cable system, which extends from Portugal to Nigeria, and will inject new technology that upgrades the system to a potential capacity of 10TBps by November 2019 when the subsea system becomes operational.With this development, MainOne will have landing points in five markets – Nigeria, Ghana, Senegal, Cote D’Ivoire and Portugal, in addition to Cameroon. A cluster of francophone countries in West Africa that are experiencing an increased demand for advanced telecom services including Burkina Faso, Mali, and Mauritania will also benefit from these extensions into Cote D’Ivoire and Senegal.“MainOne continues to lead the current digital transformation of the region by ushering in affordable connectivity to drive economic development. Our objective remains focused on bridging the digital divide between West Africa and the rest of the world. We have, and will continue to, invest significantly in projects to accelerate broadband access to help local businesses address the challenges they face procuring capacity at competitive rates. This extension of our subsea cable to Senegal and Cote D’Ivoire will further open up their international bandwidth markets, drive down costs and ultimately boost the economic and commercial development of the region,” said Kazeem Oladepo, MainOne’s regional executive for West Africa.“These MainOne enhancements bring two additional connectivity options to this rapidly growing region,” said Debbie Brask, vice president, project management of TE SubCom. “MainOne has also selected SubCom’s industry leading WSS ROADM technology to achieve dynamic capacity management in fulfilling the region’s burgeoning demand.”The new branches will be equipped with TE SubCom’s WSS ROADM technology that allows MainOne and its partners to match the capacity in each branch to the market need, thus optimizing cable utilization. SubCom will light the new branches with Ciena’s transmission equipment, which enables this flexibility and higher capacity. It is also an industry first for the deployment of undersea spectrum-sharing in Africa.The MainOne Submarine Cable System links West Africa with Europe, bringing ultra-fast broadband in the region. It runs from Seixal in Portugal to Lagos in Nigeria. The system first went live in July 2010, becoming the first privately-owned subsea cable to bring open-access broadband capacity in West Africa.last_img read more

Interview: Investing in Stakeholder Engagement

first_imgDuring the recent Dredging for Sustainable Infrastructure Conference in Amsterdam, we interviewed Mr Jaap van Thiel de Vries, General Manager of Hydronamic at Boskalis, on the importance of investing in stakeholder engagement.The stakeholder engagement is one of four key enablers that were presented in the CEDA-IADC Dredging for Sustainable Infrastructure guidebook.The guidebook, which was officially unveiled at the conference, has been designed as an authoritative guide to delivering dredging projects that enhance the natural and socio-economic systems.In it, the four key enablers vital to the industry were discussed: the issues of valuation of ecosystem benefits, the stakeholder engagement, adaptive management of dredging projects and the beneficial use of dredged materials.Here’s what Mr de Vries from Boskalis had to say on the importance of investing in stakeholder engagement and other dredging related topics during our conference in Amsterdam.last_img read more