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Business & Finance

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Seaway Heavy Lifting Opens Branch Office in Hamburg, Germany
Business & Finance

Seaway Heavy Lifting Opens Branch Office in Hamburg, Germany

Seaway Heavy Lifting announces that it has opened a branch office in Hamburg, Germany. The German offshore wind market is considered to be one of the leading markets in the field of the installation of offshore wind farms. The ability to provide its services within close proximity to the existing an

about 14 years ago
The Netherlands: IHC Merwede Builds Special Modular Offshore Support Vessels
Business & Finance

The Netherlands: IHC Merwede Builds Special Modular Offshore Support Vessels

A series of special modular support vessels for operators in the offshore industries is being built by IHC Merwede, the Netherlands dredging and offshore specialists. Known as the IHC SupporterTM class, the ships are part of a six-year joint industry framework project between IHC and Lloyd’s Registe

about 14 years ago
Belgium: GeoSea Signs Cooperation Agreement with Barge Master
Business & Finance

Belgium: GeoSea Signs Cooperation Agreement with Barge Master

GeoSea NV and Barge Master BV have signed a cooperation agreement for the testing and deployment of the first S700/C400 Barge Master platform. The S700/C400 Barge Master is a motion compensation platform that compensates up to 95% of sea-induced motions. The platform can be installed on a supply ves

about 14 years ago
Denmark: Palfinger Awarded Commissioning Contract for Anholt Offshore Wind Farm
Business & Finance

Denmark: Palfinger Awarded Commissioning Contract for Anholt Offshore Wind Farm

Leading service provider Palfinger Marine Services has been awarded the commissioning contract for 111 offshore cranes for DONG Energy’s offshore wind farm Anholt. “We are pleased that DONG Energy puts their trust in our service, and very proud to be working with DONG Energy on a project of this sca

about 14 years ago
Finland: Fortum, Sitra Increase Funding for Wave Energy Technology
Business & Finance

Finland: Fortum, Sitra Increase Funding for Wave Energy Technology

Fortum and Sitra, the Finnish Innovation Fund have increased their funding in the wave energy technology developed by the Finnish company AW-Energy Oy. With this funding AW-Energy commences the development of the commercial scale WaveRoller device as well as ensures the completion of operational tes

about 14 years ago
The Netherlands: IHC Hydrohammer to Supply Largest Piling Hammer for Seaway Heavy Lifting
Business & Finance

The Netherlands: IHC Hydrohammer to Supply Largest Piling Hammer for Seaway Heavy Lifting

IHC Hydrohammer®, part of IHC Merwede, has been awarded a contract by Seaway Heavy Lifting to design and manufacture the S-2500 piling hammer, which is the largest ever built by the company. The order highlights the strong and reliable cooperation that has developed between the two companies over mo

about 14 years ago
TenneT to Finalize Sale of Two German Grid Connection Projects This Year
Business & Finance

TenneT to Finalize Sale of Two German Grid Connection Projects This Year

TenneT’s CEO Mel Kroon told Reuters that the company will finalize the sale of minority stakes in the SylWyn1 and DolWyn1 cables by the end of this year as it needs to raise funds to build new power links in Germany. This sale will total in 6 out of 10 TenneT’s German offshore projects valued [&hell

about 14 years ago
The Netherlands: TenneT Releases H1 Figures
Business & Finance

The Netherlands: TenneT Releases H1 Figures

In the first six months of 2012 TenneT realised a steady growth (underlying) of revenue and profit in both the Netherlands and Germany. Underlying revenue amounted to EUR 842 million (EUR 816 million reported revenue), with underlying growth both in the Netherlands (23%) and in Germany (28%). Underl

about 14 years ago
China: Sinovel’s Net Profits Drop 96.25% to USD 3.89
Business & Finance

China: Sinovel’s Net Profits Drop 96.25% to USD 3.89

China’s largest wind turbine manufacturer Sinovel Wind Group Ltd has reported that its H1 profits have dropped 96.25 percent to 24.67m yuan comparing to the same period last year, reports Xinhua. Operating revenues dropped 42.04 percent year-on-year to 3.09 billion yuan. The global economic crisis a

about 14 years ago
Germany: Windreich Welcomes Regulation of Grid Connection Liability
Business & Finance

Germany: Windreich Welcomes Regulation of Grid Connection Liability

Windreich AG, a leading wind power company in Germany and a pioneer in the offshore industry, welcomed the decision of the Federal Government to regulate the liability for delayed or disrupted grid connections of offshore wind farms. According to the plans of the Federal Government, the law should b

about 14 years ago
Canada: NaiKun Releases Third Quarter Financial Results
Business & Finance

Canada: NaiKun Releases Third Quarter Financial Results

NaiKun Wind Energy Group Inc. (the “Company” or “NaiKun Wind”) announced its financial results for the three months ended June 30, 2012, a fiscal period in which the Company continued to explore ways to forward the NaiKun Wind Project while controlling its costs. A substantial restructuring was unde

about 14 years ago
Scottish Government Awards GBP 7.9 Million Funding to Five Marine Energy Developers
Business & Finance

Scottish Government Awards GBP 7.9 Million Funding to Five Marine Energy Developers

Five marine energy developers will benefit from £7.9 million funding to further develop testing of new wave and tidal prototypes in the seas around Scotland, Deputy First Minister Nicola Sturgeon has announced. The second round of WATERS (Wave & Tidal Energy: Research, Development & Demonstration Su

about 14 years ago
UK: Gardline Wins New Contracts and Employs 20 People Each Month
Business & Finance

UK: Gardline Wins New Contracts and Employs 20 People Each Month

Gardline Marine Sciences, a marine survey company which employs about 2,000 people worldwide, has been recruiting about 20 new people every month for the past 18 months. The Norwich Evening News site quotes head of the renewables group at Gardline Marine Sciences, John Morse, as saying that in July

about 14 years ago
Oceanflow Wins WATERS-2 Funding from Scottish Enterprise
Business & Finance

Oceanflow Wins WATERS-2 Funding from Scottish Enterprise

Oceanflow Development Limited has been successful in winning WATERS-2 (Wave and Tidal Energy R&D Support) funding from Scottish Enterprise for the development of a twin-turbine variant of its floating, tethered Evopod technology. This latest award follows WATERS 1 funding in 2010 to demonstrate Ocea

about 14 years ago
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