Asco Marine Ltd News

 

Canada: Tidal Energy Firm Says Enters Bankruptcy as Regulatory Hurdles Derail Planned Project

May 15, 2023

Sustainable Marine Energy (Canada) Ltd, which describes itself as Canada’s most successful tidal energy company, has been placed into voluntary bankruptcy and appointed Deloitte Restructuring Inc. as trustee.The company, which proved out its technology and delivered power to Nova Scotia’s grid, said Monday it had not been able to secure the authorizations it had required or agree a viable path forward…

Endless Acquires Energy Logistics Firm ASCO

Aug 14, 2023

Private equity firm Endless has acquired the Aberdeen-based logistics and materials management firm ASCO. ASCO supports the energy industry with solutions for their logistics and material management requirements with stevedoring, environmental services…

Singapore's Seatrium to Build Two Substations for U.S. Offshore Wind Farm Projects

May 05, 2023

Singapore's Seatrium, through its subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind, a joint venture between Equinor and BP…

Keppel's Profit Boosted by Sale of Offshore & Marine Business

Apr 20, 2023

Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit.In February, Sembcorp Marine completed a S$4…

Sembcorp Marine Proposes Name Change Following Merger with Keppel Offshore & Marine

Apr 03, 2023

Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited.'This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28…

Marco Polo Marine Partners Up with S. Korean Firms for Offshore Wind Work

Jan 13, 2023

Marco Polo Marine, a Singapore-listed offshore vessel company, has entered the South Korean market with a 'landmark' Memorandum of Understanding signed with South Korean companies Namsung Shipping Co., Ltd. and HA Energy Co., Ltd. (“HA-E”).Under the MoU…

Marco Polo Marine Eyes Offshore Wind Work in Japan

Dec 06, 2022

Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with 'K' Line Wind Service in that regard.Both parties, according to Marco Polo Marine…

Sangomar FPSO Gears Up for Topside Integration as Construction Phase Completed

Nov 29, 2022

Australian oil and gas company Woodside on Tuesday announced the completion of the construction phase for the floating production storage and offloading (FPSO) facility which will be deployed at the Sangomar field offshore Senegal. This will be Senegal's first offshore oil production unit…

Decommissioning: ASCO Wins Four NORM Decontamination Services Deals

Nov 21, 2022

UK-based firm ASCO said Monday it had signed four new contracts for Naturally Occurring Radioactive Materials (NORM) decontamination and disposal services with major operators, worth more than £10 million (around $11,8 million.)ASCO said that its subsidiary…

Mainprize Offshore's Wind Farm Service Vessel Hits the Water

Oct 05, 2022

UK-based Manor Marine has recently launched an offshore wind farm service vessel being built for Mainprize Offshore.With lifting assistance from Ainscough Crane Hire, Manor Marine launched the Mainprize Offshore Ltd vessel MO8 into the water in the last week of September…

Sembcorp Marine Bags Gas Topsides EPCI Deal

Jul 19, 2022

Singapore-based Sembcorp Marine said Monday it had secured an engineering, procurement, construction, and installation contract for a gas topsides project from a major energy company in Australia.Sembcorp Marine, which did not say who the client was…

Manor Marine, Chartwell Marine Partner

Jun 07, 2022

Shipbuilder Manor Marine UK Ltd. announced it has signed an agreement with naval architecture firm Chartwell Marine Ltd. to jointly develop vessel designs and pursue shipbuilding contracts in the offshore wind industry.The U.K.-based companies…

ASCO to Support Seagreen Offshore Wind Farm Construction

Apr 11, 2022

Aberdeen-based logistics and materials management firm  ASCO has won a contract with offshore wind turbine maker Vestas to support the Seagreen offshore wind farm project, located 27 km off the coast of Angus.Under the contract, of an undisclosed value…

Strategic Marine Delivers Crew Transfer Vessel Duo to WEM Marine

Mar 14, 2022

Singapore-based shipbuilding company Strategic Marine has delivered two crew transfer vessels (CTVs) to the UK-based offshore support vessel company WEM Marine Ltd. The new 27m vessels, built to the Stratcat 26 design, are the very first CTVs…

VARD Delivers Asia's First Newbuild Service Operation Vessel

Mar 11, 2022

Asia-first newbuild Service Operation Vessel for the offshore wind industry was delivered earlier this week at the VARD Vung Tau shipyard in Vietnam. The Taiwan-flagged SOV has been built for owner Ta San Shang Marine Co., Ltd, a joint venture between Mitsui O…

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