• 2018 February 7 16:17

    Aker Solutions expands into offshore floating wind

    Aker Solutions invested in floating wind power technology company Principle Power Inc., forming an alliance that brings its offshore oil and gas field engineering expertise into a fast-growing renewable energy market, the Company said.

    Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power's technology - an innovative floating foundation for offshore wind turbines, known as WindFloat - to a broader market.

    "We see a major opportunity in offshore floating wind where demand is growing in the transition to a low-carbon future," said Aker Solutions Chief Executive Officer Luis Araujo. "Combining our capabilities with Principle Power's technology will help advance floating solutions for offshore wind, reducing costs and risks for customers and spurring further growth in the sector."

    "Partnering with Aker Solutions will strengthen our leading market position and accelerate the wider development of the offshore wind industry, with floating wind acting as a key industry enabler at a time when demand is increasing globally," said João Metelo, chief executive officer of Principle Power.

    Offshore installed capacity for wind power is expected to more than double by 2022 from 2016 levels amid a global push to use fuels with lower carbon emissions following the 2015 Paris agreement to reduce carbon dioxide as a way to tackle climate change.

    This goes hand in hand with Aker Solutions' push into sustainable energy solutions. The company has commercially available carbon capture, utilization and storage technology, an essential tool in helping to meet global emissions targets. It also has leading capabilities in natural gas, a fuel that complements the global shift to more renewable power.

    Principle Power's WindFloat foundation allows wind turbines to be placed at offshore sites with some of the most abundant wind resources, irrespective of water depths. Installation, operation and maintenance of the WindFloat foundation lower the risks, costs and environmental impact compared with competing technology.

    Aker Solutions purchased an initial 5 percent stake in Principle Power and will increase this to 10 percent by the end of this year. It has the option to increase ownership further at a later stage. The companies are not disclosing the value of the transaction.

    About Aker Solutions
    Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values.




2018 May 21

15:59 Federal funding contributes to critical infrastructure projects to support trade through the Port of Vancouver
15:31 Vympel Shipyard launches 75th Mangust patrol boat for Russian FSB Border Service (photo)
15:00 Marine Recruiting Agency starts implementing a package of educational software for UCL Holding companies
14:29 Average wholesale prices for М-100 HFO up to RUB 6,326 in RF spot market
14:03 'Sulphur cap chaos in 2020' warn world’s shipowners - ICS
13:57 BMT supports installation of Kriegers Flak Foundations
13:53 Multipurpose Reloading Complex doubles its investments in development
13:27 Financial report of Azerbaijan Caspian Shipping Company receives positive review
12:58 Tallink wins prestigious tourism award at Asia’s biggest tourism fair ITB China
12:29 IMO supported Regional Workshop for Latin-American countries to implement treaties dealing with liability and compensation
11:56 Vladimir Serebrennikov elected as Director General of Arkhangelsk Sea Commercial Port
11:20 FESCO reduces delivery time from Republic of Korea to Russia from 23 to 15 days
10:31 Water Transport newspaper celebrates its centenary on 31 May 2018 at Boris Yeltsin Presidential Library
10:08 MOL starts selling of new "Viable Organism Analyzer" for ballast water
10:02 Brent Crude futures price up 0.7% to $79.06, Light Sweet Crude – up 0.69% to $71.86
09:38 NOVATEK creates Maritime Arctic Transport Company
09:17 Baltic Dry Index down to 1,273 points

2018 May 20

09:21 Hapag-Lloyd announces FAK rates from North Europe to Caribbean, Central America and South America West Coast
09:19 EU Ambassadors visit Peru’s largest multipurpose terminal
09:16 SEA\LNG bolsters its knowledge base with the addition of MAN Diesel & Turbo
09:13 Finnlines starts new direct service between Helsinki and Aarhus
09:11 Canadian Coast Guard selects ABS for fleetwide contract

2018 May 19

10:56 CMA CGM announces FAK rates from Asia to North Africa
10:01 CMA CGM announces PSS from Nigeria to India and Vietnam
07:50 Port of Kiel welcomes “Saga Sapphire” maiden visit
07:47 The “GRANDE HALIFAX” christened in Halifax

2018 May 18

18:00 Denis Manturov appointed as the Minister of Industry and Trade of the Russian Federation
17:44 Port of Hamburg posts Q1 2018 results
17:39 Yevgeny Ditrikh appointed as the Minister of Transport of the Russian Federation (photo)
17:38 Seaspan accepts delivery of third 10000 TEU SAVER containership in four ship series
17:35 Prosafe extends standstill agreement with Cosco
17:17 Okskaya Sudoverf delivered Belmax 1, first non-self-propelled tank barge of Project ROB20
16:51 Special event on ports at IMO Headquarters will focus on single window, ports and logistics
16:35 Port of Hamburg receives ‘Best Global Seaport’ award
16:05 IMO begins scoping exercise on autonomous vessels
15:42 Brand-new jetty at Rotterdam LBC Tank Terminals ready for vessels
15:40 HELCOM group meets in Riga to discuss nutrients from land-based sources
15:39 Multimillion pound investment continues in Grangemouth, Scotland's premier port
15:38 India benefits from IMO training on port emissions
15:11 Nevsky Shipyard starts sea trials of medium sea tanker of project 23130 (photo)
14:44 Star Marine takes delivery of RAstar 3400 quartet
13:53 Ladozhsky Bridge in the Leningrad Region drawn twice to let PORT FLEET’s tugboats through
13:47 Eniram signs MoU with Arista Shipping to participate in Project Forward for developing new generation of bulk carriers
13:29 Statoil ASA changes name to Equinor ASA
13:00 Cargo turnover at inland water ways of Azov-Don Basin down 12.7% to 606,000 tonnes
12:42 ABS to provide class and certification services for the entire Canadian Coast Guard fleet
11:57 Astrakhan branch of Zvyozdochka shipyard launches rescue towboat for RF Defence Ministry (photo)
11:35 Huntington Ingalls authenticates keel of submarine Montana (SSN 794)
11:18 Akademik Lomonosov FPU arrives in the Kola Bay (photo)
11:03 UAE signs MoU with ITF
10:32 Throughput of port Kaliningrad in 4M’18 up 10% Y-o-Y to 4.71 million tonnes
10:30 Scorpio Tankers announces sale and leaseback agreements for five product tankers
10:13 Brent Crude futures price up 0.30% to $79.54, Light Sweet Crude – up 0.21% to $71.64
09:56 ZNT Yard launched the lead hydrographic survey vessel and lays down two more HSVs (photo)
09:17 Baltic Dry Index fell to 1,305 points

2018 May 17

18:05 Technava and Propulsion Analytics join forces for providing management solutions to the shipping industry in Greece and Cyprus
17:54 Throughput of port Taganrog in Jan-Apr'18 up 39.8% to 1.46 million tonnes
17:35 EUROGATE chosen as “Best Green Container Terminal Operator 2018”
17:19 Throughput of port Vyborg in 4M’18 up 22% Y-o-Y to 417,000 tonnes
17:05 Costa Group and Marseille Fos Port announce partnership