In light of the COVID-19 outbreak, the US Treasury Secretary Steven Mnuchin recently informed that the total cost of legislation aimed towards boosting the US private sector will be significant but not huge.
The UK Ministry of Defence has awarded an initial £1-million contract to Plymouth-based innovation firm MSubs Ltd to build a test extra-large autonomous submarine. The move seeks to explore the potential capabilities of larger unmanned underwater vehicles in the future.
According to Reuters, the Swiss UBS Bank decided to stop providing its support concerning drilling in the Arctic. In fact, the bank will stop funding future offshore oil and gas projects located in Alaska, amid efforts to face climate change.
The European Commission has launched DataPorts project, aimed to boost the transition of European seaports “from connected and digital to smart and cognitive”, in order to create an even more trusted, reliable and efficient way of conducting businesses in Europe.
The US Department of Labor has chosen the American Association of Port Authorities (AAPA) for a grant of $5,888,738, under the Apprenticeship: Closing the Skills Gap grant program. This is expected to help AAPA to expand leadership within maritime community regarding professional development and training.
Iran’s Ports and Maritime Organization (PMO) has allocated 36 trillion rials (=$857.2 million) of its budget resources for a program to develop the country’s maritime industry, including the construction of 83 vessels, the head of PMO informed.
Copenhagen Infrastructure Partners (CIP) announced that reached financial close for the 589 MW offshore wind project’s establishment in the coast of Changhua County, Taiwan. In fact, the Changfang and Xidao wind farm will be powered by 62 of MHI Vestas 9.5MW turbines and are expected to begin operations in early 2024.
The European Union is prepared in principle to provide a subsidy for the Porthos project on storage of CO2 from industry in Antwerp, Ghent, Zeeland and Rotterdam beneath the North Sea. This is according to the list of energy projects that the European Parliament approved on Wednesday.
The US Federal government recently granted $93 million to JAXPORT, concerning the next phase of its upgrade project. Namely, the investment will focus on the deepening of Jacksonville shipping channel to 47 feet from its existing depth of 40 feet.
The Dutch Research Council has approved funding of EUR 1.1 million for a project research in the field of large scale offshore wind production by developing offshore storage and transport alternatives. This comes in line with the ambition of the Dutch government to establish 75 GW offshore wind capacity by 2050.
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