All Stories

RINA Awards AiP for Innovative DAC Green Methanol Offshore Production Platform

The multinational inspection, certification, ship classification and engineering consultancy, RINA, has awarded Kindon New Energy Technology (Jiangsu) Co., Ltd. the Approval in Principle (AiP) for its innovative green methanol offshore production platform solution. Produced entirely offshore, the methanol is derived from renewable CO2 through DAC (Direct Air Capture) technology and green hydrogen from offshore wind power water electrolysis technology.

RINA Awards AiP for Innovative DAC Green Methanol Offshore Production Platform

GeoAcoustics Appoints Dave Holland as New Chief Technology Officer

GeoAcoustics is pleased to announce that Dave Holland has been appointed as its new Chief Technology Officer (CTO). Dave, a hydrographic, geophysical, and oceanographic survey industry veteran, joins GeoAcoustics in this newly created position with the responsibility of steering development of the highly regarded GeoSwath bathymetric sonar, GeoPulse sub-bottom profiler and Pulsar side scan sonar product ranges.

GeoAcoustics Appoints Dave Holland as New Chief Technology Officer

Austal Rejects Hanwha’s Takeover Bid

Austal Limited (Austal) confirms it has received an unsolicited, conditional and non-binding indicative proposal from Hanwha Ocean Co., Ltd. (Hanwha) to acquire Austal by way of a scheme of arrangement (Indicative Proposal). Under the Indicative Proposal, Austal shareholders would receive $2.825 cash per Austal share.

Austal Rejects Hanwha’s Takeover Bid

OPT Reaches Company Milestone with $1.5 Million in Orders for WAM-V USVs in Latin America

Ocean Power Technologies, Inc. (OPT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, announced the largest quantity order in the company’s history, marking a significant commercial milestone. A valued customer engaged in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USV's, representing a substantial investment totaling over $1.5 million and highlighting OPT’s continued expansion in the region.

OPT Reaches Company Milestone with $1.5 Million in Orders for WAM-V USVs in Latin America

Film-Ocean Invests in Third SMD ROV

Subsea solution provider, Film-Ocean, has announced the expansion of its work-class ROV fleet with the purchase of a third hydraulic ROV from global technology manufacturer, SMD. The company has also entered into a support agreement for services and spares.

Film-Ocean Invests in Third SMD ROV

NOV Acquires MAATS Tech's Business Intellectual Property Rights

In 2023, NOV formed a new Cable Lay team based in Stonehouse, UK. The team, formerly senior and principal engineers with MAATS Tech Ltd, brings more than 70 years of combined experience in engineering fully integrated lay systems with advanced automation and line control. The dedicated Cable Lay team in Stonehouse is incorporated with the Remacut team in Rivoli, Italy.

NOV Acquires MAATS Tech's Business Intellectual Property Rights
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