Molten Salt Reactors: Maritime’s Nuclear Option
A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived discussion…
Bedrock Scores $8M in Funding to Fast Track Ocean Data Initiatives
Bedrock Ocean Exploration, which was created to make the business of gathering, processing and disseminating accurate information on the world’s oceans to key stakeholders, has raised an $8M seed round from Eniac Ventures, Primary Venture Partners, Quiet…
Gener8 Maritime Net Income Up 91%
Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share, for the three months ended June 30, 2016, a 91% increase compared…
DNV GL Seeks to Standardize Floating Turbines
DNV GL launched a new joint industry project (JIP) together with thirteen global partners to mutually develop a Recommended Practice for the coupled analysis of floating offshore wind turbines. Despite the fact that the wind industry has a strong focus on the development of floating offshore wind turbines…
Seafloor Massive Sulphide Mining Project Advances
Nautilus Minerals Inc. (TSX:NUS, OTCQX: NUSMF, OTC:NUSMF Nasdaq Intl Designation) announced it signed a new agreement with Tongling Nonferrous Metals Group Co. Ltd (“Tongling”) for the sale of the product extracted from the Company’s Solwara 1 deposit located in the Bismarck Sea of Papua New Guinea…
MacGregor Cranes for First Subsea Mining vessel
MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Limited for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel. Delivery of the cranes is scheduled for Q1/2017. The order was booked into first quarter 2015 order intake.
Nautilus Minerals Recommences Exploration Programs
Nautilus Minerals Inc. has signed a contract with Gardline CGG Pte Ltd. to provide exploration services for Nautilus' 2015 program in the Solomon Islands. The vessel MV Duke will be used to generate targets to expand Nautilus' Seafloor Massive Sulphide…
When Will Deep Sea Mining Commence? The Robot is Ready
The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved. Beyond PNG, in international waters, regulation…
Nautilus Minerals Completes Assembly of Bulk Cutter
Nautilus Minerals Inc. (TSX:NUS, OTCQX: NUSMF) announced that assembly of the Bulk Cutter (BC), which is the first of the Seafloor Production Tools (SPTs), has been completed. Nautilus' CEO, Mike Johnston said "This is a major milestone for the Company, having the first of the three SPTs assembled.
Today in U.S. Naval History: August 12
Today in U.S. 1918 - SECNAV approves acceptance of women as yeoman in U.S. 1942 - USS Cleveland (CL-55) demonstrates effectiveness of radio-proximity fuze (VT-fuze) against aircraft by successfully destroying three drones with proximity bursts fired by her five-inch guns. 1944 - LT Joseph P.
Today in U.S. Naval History: August 1
Today in U.S. 1801 - U.S. 1921 - Successful tests of gyroscopic high level bombsight (Norden Bombsight) at Torpedo Station, Yorktown, Va. Carl Norden developed the bombsight for the Bureau of Ordnance. For more information about naval history, visit the…
