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Stranded but not sunk amid a deepening financial storm
(Times Online) For years, the global wind energy industry has been growing at a 25 per cent clip, driven by surging investment, a slew of government subsidies and tax breaks. By 2007, total installed wind capacity had grown from only six gigawatts globally in 1996 to 94 gigawatts. Now, however, comes an abrupt reversal in fortunes. From Britain to Australia, developers are facing fierce headwinds as the credit ...read full story...
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Tampa Port Authority approves transfer of shipyard lease
(MarineLog) At its monthly business meeting today, the Tampa Port Authority approved transfer of the lease of Tampa Shipyards to Tampa Ship, LLC (Tampa Ship), a newly created Florida limited liability company wholly owned by members of the Gary Chouest family. According to local press reports, Tampa Ship will retain Tampa Bay Shipbuilding & Repair Co.'s 500 employees and plans to add workers and ...read full story...
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Dabhol plant's shut down for maintenance
(Business Standard) Dabhol power plant's output will fall to its one-third from midnight tonight as two units of country's largest gas-fired electricity generating project have been shut down for maintenance inspection. "The plant is producing 900 Mw of power now. This will come down to 300 Mw as we are shutting down two units for maintenance inspection," an official in Ratnagiri Gas and Power, the company that ...read full story...
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High and dry
(The Star) For the past 30 years, dawn at Malacca’s Klebang beach will see Yusop Wahab carrying his fishing gear – a pair of 2.5m pole push-net – into the sea. There, in waist-deep water, he will push the traditional fishing net for hours, catching shrimps and fishes brought in by the tide. The same activity would be repeated in the evening during low tide. “It’s a tough job but it’s the only job I know. I have been ...read full story...
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PTP Sees "Good Opportunities"
(Bernama) -- While the shipping world "groans" under the pressure of a global recession with the prospect of declining trade, the Port of Tanjung Pelepas (PTP) in Johor is optimistic of "inherent opportunities" in the current crisis. "I admit that we have been affected by the economic downturn in the United States and Europe and there is already some impact on our volume, but we consider this to be a short-term ....read full story...
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China plows ahead on infrastructure
(Pacific Shipper Online) China’s financial sector appears to have escaped much of the turmoil gripping banks, insurers and other service providers in the developed world, but the country’s economy is taking a hit because of reduced demand for its merchandise exports. Though transportation infrastructure improvement projects are continuing, there are some fears these projects could slow. A number of projects are ...read full story...
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Hijacked oil tanker anchored off Somalia coast
(AP) MOGADISHU, Somalia - Pirates who seized a Saudi supertanker loaded with $100 million in crude oil anchored the ship within sight of impoverished Somali fishing villages Tuesday, while the U.S. and other naval forces decided against intervention for now. With few other options, shipowners in past piracy cases have ended up paying ransoms for their ships, cargos and crew. NATO said it would not divert ...read full story...
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Charlottesville airport not a likely candidate for sediment
(Cvilletomorrow) The Executive Director of the Charlottesville-Albemarle Airport Authority spent over 30 minutes at the November 13, 2008 meeting of the South Fork Reservoir Stewardship Task Force explaining why the airport likely cannot use dredged material as part of a project to extend its runway. Barbara Hutchison was asked to appear to respond to the proposal that sediment removed from the reservoir could ...read full story...
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Boskalis acquires remaining 50% share in Dragamex, Mexico
(Boskalis) Royal Boskalis Westminster nv has acquired the remaining 50% share in its Mexican subsidiary Dragamex. The agreement will become effective as of mid-November 2008. Boskalis has had an ongoing presence in Mexico since 1993 when the Mexican dredging market was liberalized, at which point Boskalis, together with its local partner, acquired a large part of the government's dredging fleet. Mexico is ...read full story...
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Town should just say no to dredging group request
(Island Packet) The South Island Dredging Association once again has come looking for a handout from the Town of Hilton Head Island, and again the answer should be no. The dredging association has asked the town to pay for environmental testing and a consultant to manage its next dredging project. No doubt the dredging association would benefit from the town taking on oversight and management of a project to dredge ...read full story...
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Dubai palm opens with star-studded party |
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Friday, 21 November 2008 |
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(CNN) A huge man-made island shaped like a date palm tree opened Thursday off the coast of Dubai with a celebrity-studded gala and a three-day party. The Palm Jumeirah increased Dubai's shoreline by 100 percent after work started on it in 2001. It features resort hotels, homes, luxury shopping and entertainment. Though the entire island officially opened Thursday, parts of it already opened weeks ago -- including the ...read full story... |
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$5 million grant gives boost to the Port of Toledo |
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Friday, 21 November 2008 |
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A $5 million grant from the Ohio Department of Development will be used by the Port of Toledo to dredge for a deep sea port along the Maumee River, and pay for infrastructure improvements on the site. The improvements will make the Port of Toledo the largest on the Great Lakes. “This grant is an important shot in the arm for our economy,” said State Rep. Peter Ujvagi. “The project will enhance the ability of the ...read full story... |
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Green light to dredge Port Hedland harbour |
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Friday, 21 November 2008 |
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(ABC North West WA) BHP's proposal involves dredging almost four million cubic metres of materials at Finucane Island for two new shipping berths, as well as extensions to the existing departure channel. In its report, the EPA found the proposal could be managed to meet environmental standards regarding water quality, rehabilitation and soil management. However, it is recommended a number of conditions be ...read full story... |
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Ocean HeavyLift in battle to free detained vessel |
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Friday, 21 November 2008 |
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(Lloyd's List) Ocean Heavylift is fighting to release one of its four heavylift transport ships from US authorities, after being sued for $60m for costs and losses. The HeavyLift Ancora has been arrested in the US for its failure to transport an offshore construction vessel across the Atlantic to the UK after it returned for repairs. In late October the HeavyLift Ancora lost its cargo, the KS Titan 1 liftboat, on its way to the ...read full story... |
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OceanWind submits planning notice |
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Friday, 21 November 2008 |
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(Energy Business Review) Norwegian offshore wind developer OceanWind has submitted a planning notice for the Aegir offshore wind farm in the North Sea to the Norwegian Water Resources and Energy Directorate. Aegir wind farm is situated in the southern Norwegian sector of the North Sea, and is dimensioned for 1,000MW installed capacity. The wind conditions in this area are reported to be promising and ...read full story... |
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Bond Pearce acts on landmark wind farm deal |
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Friday, 21 November 2008 |
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(Legal Week) Regional outfit Bond Pearce has landed a role opposite Linklaters advising regular energy client npower renewables on its stake in the world’s largest offshore wind farm. The deal sees Bond Pearce advising npower on its acquisition of a 50% stake in Greater Gabbard Offshore Winds from Scottish and Southern Energy (SSE) in a transaction valued at £308m. The firm put forward a team under ...read full story... |
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Land reclamation projects to slow |
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Thursday, 20 November 2008 |
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(The National) Dredging companies are bracing for a drop in contracts as developers slow reclamation work on some island projects. The liquidity squeeze has encouraged the pioneer of local man-made islands, Nakheel, to scale back reclamation activity on the Palm Deira, the largest of its three Palm island developments in Dubai. And dredging contractors expect work on other long-term reclamation developments to ...read full story... |
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New pilot system for the treatment of contaminated sediments |
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Thursday, 20 November 2008 |
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(Basqueresearch) Historically the industrial activities carried out along the banks of the river Nervion in the Basque city of Bilbao, as well as along the banks of the rivers feeding this main estuary, have given rise over the years to a gradual accumulation of contaminants in the sediment of the riverbed. And, despite efforts made over the past decade resulting in a clear improvement of the water quality along the main ...read full story... |
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DP World gets EU clearance for Antwerp port venture |
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Thursday, 20 November 2008 |
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(Reuters) - State-owned investor Dubai World won permission on Tuesday from EU competition authorities to form a venture for breakbulk services with Conti 7 and Rickmers at the Belgian port of Antwerp. "The (European) Commission's investigation showed that the proposed transaction would not lead to increased market shares in breakbulk terminal services at the port of Antwerp," the European ...read full story... |
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Beach restoration work to begin next month in West Hampton |
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Wednesday, 19 November 2008 |
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(27East) In a few weeks, a ship positioned one mile south of West Hampton Dunes will begin sucking up sand off the ocean floor and redepositing it, with the help of series of pipes, onto the village’s depleted beaches. Tentatively scheduled to begin in early December, the pending re-nourishment work is part of a settlement reached with the federal, state and county governments following a series of devastating ...read full story... |
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Norfolk takes a hit in battle over aircraft carrier move |
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Wednesday, 19 November 2008 |
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(Trading Markets) The Navy announced Monday it wants to base a nuclear-powered aircraft carrier at Mayport Naval Station, an effort that would cost $426 million and could divert 3,200 sailors and civilian personnel from Virginia to Florida. Moving one carrier to Mayport would reduce the risk of a catastrophic natural disaster or attack on the East Coast carrier fleet, now based entirely in Norfolk, Navy ...read full story... |
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Malaysian govt to resume Penang Port dredging |
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Wednesday, 19 November 2008 |
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(Business Times) The government will resume work on the multi-million-ringgit project to deepen the north channel of Penang Port, which had been shelved under the Ninth Malaysia Plan (9MP) Mid-term review. Transport Minister Datuk Seri Ong Tee Keat said after reviewing the scope of work and budget for the proposed project, a requisition has been forwarded to the Finance Ministry to resume work on the project. "Our ...read full story... |
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