Dutch shipbuilder Damen Shipyards Group has reported a EUR17 million (USD19 million) net loss for 2018, a decrease it attributes to ongoing difficulties in certain maritime markets and the result of absorbing operating losses from a number of recent investments. This is the first time the company
Israel Aerospace Industries (IAI) has signed deals worth USD93 million with the Indian Navy (IN) and India's state-owned Cochin Shipyard Limited (CSL) to provide additional equipment for the IN's Barak-8 air- and missile-defence systems. The company announced in a 30 January statement
Indian shipbuilder Mazagon Dock Shipbuilders Limited hosted a launching ceremony for the Indian Navy's third Project 15B destroyer at its Mumbai shipyard on April 20. Imphal, as the third unit is the class will be named, entered water with a launch weight of 3,037 tonnes. The 163-meter will displace 7,300 tonnes once fully fitted out. […]
The CEOs of Eni, Fincantieri, Cassa depositi e prestiti (CDP) and Terna have signed an agreement to develop and build wave power stations on an industrial scale. The agreement seeks to combine the expertise of the collective companies to transform the Inertial Sea Wave Energy Converter (ISWEC) pilot project into a project on an industrial scale. Eni installed the project at its Ravenna offshore site, and it became operational in March. The ISWEC production unit is capable of converting energy generated by waves into electricity and adapting to different sea conditions so as to guarantee a high continuity in energy production. The pilot plant has been integrated into the world's only hybrid smart grid system featuring photovoltaics and energy storage as well. It reached a peak power output of over 51kW, or 103 percent of its nominal power. The technology, part of Eni's strategic decarbonization plan, is suitable for powering medium and large offshore assets and, in the future, will enable Eni to convert ...
The Independence-variant littoral combat ship USS Charleston (LCS 18) sails through San Diego Bay in transit to the ship's Naval Base San Diego homeport, successfully completing the ship's maiden voyage from the Austal USA shipyard in Mobile, Alabama. Charleston is the ninth ship in the littoral combat ship Independence-variant class and is the eleventh LCS to be homeported in San Diego. U.S. Navy photo by Mass Communication Specialist 1st Class Woody S. Paschall (Released) 190419-N-KG738-1051