Power generation is at an inflection point, certainly in the northeastern United States - where New York has announced a new set of procurements recently that will move the power grids further away from fossil fuels, replacing them with renewables...
Hermitage Offshore Services and 28 of its subsidiaries have filed voluntary petitions for reorganisation under the US Chapter 11 of the Bankruptcy Code, amid the global oil slump and coronavirus (Covid-19) pandemic.
Hermitage Offshore Services has sold two AHTS vessels under a deal that will result in a loss of approximately $4m to the company.
MAN Energy Solutions (MAN ES) has agreed with employee representatives to cut the number of job losses in planned restructuring in return for concessions on labour costs.
Montecon at the Port of Montevideo, Uruguay has placed an order with Liebherr Container Cranes for two large electric rubber tyre gantry (RTG) cranes.
Geo-data and underwater inspection specialist Fugro has ordered two 12 m SEA-KIT X class Uncrewed Surface Vessels (USVs), one for use in the Asia-Pacific region and the other the North Sea.
The developments in the field of science and technology, have influenced the application and complexity of dynamic positioning systems significantly over the last few decades.