Pat McCarthy and his daughters (left to right) Ainsley, 17, Ava, 13, and Lauren, 20, at their family’s dream home in Benowa Waters. Picture: Glenn HampsonCreating a dream home to accommodate a busy family of seven is no easy feat, but the McCarthys managed just that. Their Benowa Waters mansion has a long list of luxury inclusions, such as a 2500-bottle wine cellar and adjoining waterfront tasting room for the adults. And for the kids, the pool and tennis court were a hit. More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoA tennis court is just one of the luxury inclusions. The family are selling 64-66 Charolais Cres, Benowa Waters, to downsize. Owners Pat and Penelope McCarthy built the lavish property at 64-66 Charolais Cres 14 years ago. “It was our dream home,” Mr McCarthy said. “We had five children ranging from five to 21 at the time and lived in Benowa Waters but were looking for a much bigger home to suit a growing family.“At the house, everyone has their own space to go and chill out, watch TV, play games, play outside, but there are also lots of communal family areas for us all to be together.” MORE NEWS: The secret to building a Gold Coast dream home MORE NEWS: Enchanting Tamborine Mountain cottage ready for next chapter The expressions of interest campaign ends on March 18. Mr McCarthy said tennis lessons had been a Saturday morning ritual, with a coach hosting lessons for the whole neighbourhood on their family’s court. “We also started the Halloween craze in Benowa Waters,” he said. With only two kids left at home, they decided it was now time for the family to downsize and are on the hunt for their next dream home. The expat Americans designed the luxury coastal house to have a Hamptons feel. “We are both from the Hamptons and brought a lot of that feel with us. We wanted the look and feel of the places we grew up,” he said. “It has a beautiful coastal feel and is a modern house for a large family that enjoys the waterfront lifestyle.” The tasting room and wine cellar — wine not? Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 Plenty of spots to entertain. The six-bedroom house sits on a 2015sq m lot and offers 60m of waterfrontage, with a pontoon that can hold a 20m vessel. There is a private sandy beach, a boat shed and numerous indoor and outdoor living and entertaining zones. Ray White Broadbeach duo Sam Guo and Julia Kuo are marketing the property, with the expressions of interest campaign closing on March 18. Pick up a copy of the Gold Coast Bulletin today to see the Coast’s top 50 dream homes.
“The immaculate interiors bear the hallmarks of the meticulous craftsmanship that has gone into the restoration. Along with a new cyclone-rated roof, internal rendering, split-system airconditioning, and new wiring and plumbing, the 3.4m ceilings have been fully replaced, with all the moulding and cornicing restored or repaired. Imagine yourself cooking here.“Original features have been restored or faithfully replicated with painstaking detail, including the gorgeous french doors, elegant picture rails, delicate ceiling roses, brass casement fittings and the original front door and leadlight windows.” The lounge room retains the original hardwood timber floors, while the rest of the Tulip Oak timber flooring has been sourced from the Tablelands and stained to match. Relax on the porch.Set on a 759 sqm fully-fenced block with a near-new inground pool, the property is zoned medium-density housing, with the potential to convert the garage into a guesthouse and add a double carport. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:01Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:01 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAustralian homes fit for a celebrity01:01ONE for the history-lovers and those who appreciate design – this California bungalow-style home on the edge of the Cairns CBD has undergone an awe-inspiring transformation.Described as an “anomaly” by Belle Property agent Vanessa Robinson, 169 Buchan St, Bungalow – a 1930s art deco-inspired Federation home – is a four-bedroom surprise package.“This home is absolutely superb,” Ms Robinson said. 169 Buchan St, Bungalow“It’s an anomaly – for its location, workmanship and what it offers.“There are the original ceiling roses and cornices and other detailing throughout the home – it’s been authentically restored, renovated and extended. For Cairns it’s definitely one of our best.”The owners are moving south and said the renovation project on the home they’ve owned since late 2014 took 12 months.“When I first came across the property I just loved it and I felt it deserved to be given a new lease on life. I wanted to restore as many of the original features as possible,” one of the owners said. Bright and airy!“My husband likes to use the back deck because there’s a TV to watch the footy and we have a fur child while I use the lounge. “But really, we use all of the property as it is quite user-friendly and flows – we took out two walls to bring the home into 20th century living.”During the renovation, the owner came across a sign bearing the home’s name, Marberg.She said the former rental home “wasn’t looking too flash” but there was “enough there to bring it up to standard and make it look special”. The ornate architraving.“You get a lot of Queenslanders in Cairns but not many old California bungalows,” she said. “It has lovely street appeal and would suit anyone really. It has a good-sized backyard and a large lockup double garage.“It could even suit someone working from home as the main front room has separate french doors to the porch. It’s also close to everything – I walk every morning into the city and the dog park just up the road.” Modern and classic go hand in hand.The property has also benefited from a well-considered extension that includes a timber deck at the rear which captures the prevailing breezes. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“The main building is of double brick construction from local woodfired clay bricks and the skilled workmanship and integrity of the design have executed a seamless integration of old and new, so it’s virtually impossible to discern where the original house ends and the addition begins,” Ms Robinson said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:06Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:06 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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MORE: Ultimate upcycled mansion his market This home at 34 Wentworth Pde, Balmoral, is for sale. Picture supplied.THERE was the 50th birthday bash featuring an Elvis impersonator and seven-piece band, countless kids’ birthday celebrations, work dinner parties and, who could forget, the extravagant black-tie cocktail soiree for 60 guests?“It has been a house of parties,” says Hedy Cray, the owner of this Balmoral beauty, which she has called home for the past eight years.“The space is phenomenal for entertaining.” Brisbane, Gold Coast among world’s best luxury cities This home at 34 Wentworth Pde, Balmoral, is for sale. Picture supplied.Mrs Cray is referring to the open-plan living and dining area and the breathtaking views beyond of the Brisbane city skyline, which appears so close, you could almost reach out and touch the Story Bridge.Yet there’s no evidence of any partying having taken place at 34 Wentworth Parade.In fact, the oyster pearl marble floor tiles are so sparkling, you could practically eat off them.In the past six months Mrs Cray and her husband Alistair have ripped up and replaced 550 sq m of tiles. The couple built the house from scratch in 2012 and recently spent about $280,000 on improvements.They wanted an inner-city home that had everything, which was a challenge that the architect Loucas Zahos accepted.A significant excavation allowed them to create four levels of space, spanning 859 sq m under one roof — all accessed via stairs or a nine-person, commercial lift.“We gave the architect a very big list,” Mrs Cray laughs. “I wanted entertaining and elegance.” It has panoramic views of the cityThe Crays originally bought the land as a double block with Mrs Cray’s brother and built separate houses together, so they could make the most of the block size.A 1.5m gap is usually required between two houses, but because of their relationship, they were able to build close enough to leave only the tiniest of gaps between the two properties.Yet the design of each house allows for complete privacy. “It was a wonderful journey because we started it as a family,” Mrs Cray says.Not ones to skimp on quality, they used concrete blockwork for the foundations and walls, which also makes the home soundproof. “We’ve tried to make noise in our media room, but my brother can’t hear us.”Mrs Cray spends most of her time in the kitchen, which is the centrepiece of the combined lounge and dining space. It features European appliances, a concealed butler’s pantry, stone benchtops and backlit onyx features.“I’m a cook trapped in a lawyer’s body,” she says.From her position behind the giant island bench, Mrs Cray reckons she has the best view of the city skyline. There are plenty of entertaining spacesAn outdoor entertaining area extends from the lounge and dining space and custom-made pergola controls the amount of light let in to the space. The steel beams supporting it had to be craned in because they were so heavy. The garage can be accessed from this level. It was built underground so as not to be visible from the street.“I don’t like it when you can only see the garage at the front of a house,” Mrs Cray says.Upstairs is the children’s domain. The Crays’ two children, Madeleine, 15, and Oliver, 13, have a room each, separated by a bathroom with a freestanding bath, along with a large living area known as “the X-box” room and a balcony.On the top level is the parent’s retreat, which features a large bedroom, ensuite, double access walk-in wardrobe and a balcony where the centrepiece is a temperature-controlled hot-tub, from which the Crays often spend their nights enjoying the glittering view of the city with a glass of champagne.“This ridge offers probably the best views in Brisbane; that’s why we built here — the view,” Mr Cray says. The house comes with a 2,700-bottle cellarHe works from home, so it’s perhaps not surprising that his favourite room in the house is the study. “This is the world’s best office.”The study and guest bedroom directly below were designed by the architect as a separate ‘pod’ added on to the rest of the house.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoThe final level, the ground floor, is lovingly referred to as the ‘play level’. “This is the toys’ home — as in, it has toys for adults,” Mrs Cray enthuses.Such toys include a fully-equipped gym with adjoining sauna and bathroom, a cinema, separate bar and custom-made wine cellar, holding more than 2,500 bottles that can be viewed through a glass display panel.“This is how you do a cellar,” Mr Cray says, admiring a bottle of Penfolds Grange.From this level it is also easy to step out into the inground pool for a quick dip with yet another incredible view of the city.“I’m never without a relaxation point in this house,” Mrs Cray explains.“It’s also never boring. There are quiet spots for reflection, and play spots.”The couple have bought another property in the same area but on a bigger block and plan to build again. Tenders close on March 12“We spent three years gnashing our teeth over whether to move,” Mrs Cray said. “We realised if we were going to embark on another journey, we would have to build it ourselves because we couldn’t find a house on the market that had everything we wanted in it.“We couldn’t find anything we wanted, and then we fell in love with a block of land with an old house on it.”The Crays are renting the house while they plan their next dream home.Mrs Cray admits it’s come as a bit of a shock to the children, who were used to living a life of luxury.“Maddie’s like; ‘Where’s my ensuite bathroom?” Mrs Cray said.“So it’s been a life lesson for them.”And it’s not only the kids who are missing their former home. “I’ve decided I don’t like the life lesson,” Mr Cray said.The property is on the market via a tender process, which closes at 4pm on March 12.
Seismic players: Report puts energy in jeopardy The American Petroleum Institute (API) is disappointed with the Bureau of Ocean Energy Management’s (BOEM) final Programmatic Environmental Impact Statement (EIS) on seismic surveying in the Gulf of Mexico.API said it had previously joined the International Association of Geophysical Contractors (IAGC), the National Ocean Industries Association, and the Offshore Operators Committee to submit detailed comments on BOEM’s Draft Programmatic Environmental Impact Statement. It said the final Programmatic EIS failed to take into account extensive industry mitigation efforts and use the best available scientific information in setting new operational measures.“While we appreciate BOEM moving forward in this process, today’s decision is based on a flawed interpretation of scientific data,” said Andy Radford, API Senior Offshore Policy Advisor. “It also disregards the fact that the natural gas and oil industry has been conducting safe, effective seismic research in the Gulf of Mexico for decades with effective mitigation measures that provide strong protections to marine life. We urge BOEM to consider these important facts as this process continues.”API says that seismic surveys are a safe and proven technology that help make offshore energy development safer and more efficient.“Advances in seismic imaging technology and data processing over the last decade have dramatically improved the industry’s ability to locate oil and natural gas offshore. In addition to the oil and natural gas industry, seismic surveys are commonly used by the U.S. Geological Survey, the National Science Foundation, and the offshore wind industry. A rigorous permitting process ensures that seismic surveys are properly managed and conducted so they have minimal impact on the marine environment,” API, representing, 625 members, including large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms, said.“Our industry remains committed to improving the scientific understanding of the impacts of our operations on marine life,” said Radford.“Seismic surveying in the Gulf of Mexico is a critical part of safe offshore energy development that is necessary if we are to continue to harness our nation’s energy potential for the benefit of American energy consumers.” The U.S. Bureau of Ocean Energy Management (BOEM) has issued the final programmatic environmental impact statement regarding the proposed geological and geophysical surveys in the U.S. Gulf of Mexico.According to Earth Justice, an environmental group, the four-volume, 2592 pages, BOEM document, concluded seismic surveys for oil and gas exploration in the Gulf of Mexico would cause significant harm to marine mammals.The analysis finds that as many as 31.9 million marine mammals in the Gulf of Mexico will be injured and harassed by oil and gas seismic surveys. This includes 80 percent of the Gulf’s endangered sperm whale population, estimated at 763 animals. Sperm whales will experience as many as 760,000 harassing exposures to airgun blasting over the next decade, Earth Justice said.“Oil industry airgun blasts harm whales and dolphins rather than giving them the protection they deserve. We can’t keep treating the Gulf of Mexico with such flagrant disregard,” said Miyoko Sakashita, ocean program director with the Center for Biological Diversity. “Trump’s promises to expand offshore drilling will amplify the damage we’re doing to whales and other marine animals.”The draft estimates that seismic blasting would cause as many as 588 injuries to the Gulf’s Bryde’s whales—of which only 33 individuals remain—or about 17 times for each member of this imperiled population.The report, Earth Justice says, estimates that oil and gas seismic surveys will harm whales and dolphins with as many as 4.3 million instances of injury, including permanent hearing loss.The report also outlines possible mitigation measures, including closure areas where seismic blasting would be banned, and reductions in the amount of activity permissible each year.Oil industry disappointed International Association of Geophysical Contractors (IAGC) President Nikki Martin published the following statement after BOEM issued its final Programmatic Environmental Impact Statement (PEIS):“Today, the BOEM issued a final PEIS that jeopardizes one of the most important regions for energy resources, the U.S Gulf of Mexico (GOM). In choosing its preferred alternative, the agency disregarded fifty years of successful seismic survey exploration alongside vibrant thriving marine ecosystems in the GOM, and issued a final PEIS that ignores the best available science.“While we are still reviewing the details of the final PEIS, it appears to remain overly precautionary with seriously flawed marine mammal effects analysis for seismic activities and is unsupported by best available information, thus leading to the proposed alternative which poses non-scientific and unnecessary restrictions on geophysical surveys.“For nearly eight decades, geophysical surveys have been conducted in the GOM, including extensive activity for the past fifty years, and there is no documented scientific evidence of this activity adversely affecting marine animal populations or coastal communities.”“Mitigation measures for the sake of “precaution” based on unsubstantiated claims from anti-energy development interests should have no basis in U.S. statute or regulation and threaten the economic and operational feasibility of performing geophysical surveys in areas ripe for updated data to support future lease sales and production. Specifically, an arbitrary 4-month near-shore closure in all coastal waters, including state waters, has no scientific merit or environmental benefit and should be precluded from the BOEM’s Record of Decision.“Last year when the BOEM issued its draft PEIS, the industry urged the agency to rely on science and risk-based regulations consistent with existing practices which are both effective and operationally feasible and not bow to the political pressure of the anti-oil and gas agenda which refuses to look at the long-standing history of environmentally safe seismic operations in the Gulf of Mexico.“For nearly eight decades, geophysical surveys have been conducted in the GOM, including extensive activity for the past fifty years, and there is no documented scientific evidence of this activity adversely affecting marine animal populations or coastal communities. Geophysical surveys have taken place alongside multiple industries, including successful fishing and tourism industries, and within a thriving ecosystem with an abundance of marine life.“IAGC will review the PEIS in detail and work with the Trump Administration to encourage BOEM to issue a Record of Decision that reflects the Administration’s commitment to rational decision making based on a clear-eyed review of the best available science and recognizes the positive, critical contributions of geophysical surveys in the GOM for locating and producing safe affordable energy.”Offshore Energy Today Staff
ION Geophysical has said that a new 2D multi-client program acquisition is in progress offshore Panama. Supported by industry funding, this is the first seismic survey acquired there in approximately 30 years. PanamaSPAN is designed to provide the framework to evaluate the hydrocarbon potential of this unexplored area ahead of the anticipated inaugural license round.According to ION, initial results will be available in Q4 2017 and complete interpretation of the data will be available by mid-2018 to guide investment strategies.The National Energy Secretary of Panama, Víctor Urrutia, said: “Hydrocarbon exploration in Panama has identified various sedimentary basins, proving the existence of geological structures that may contain oil and gas, although there hasn’t been a commercially exploitable discovery. Today, through the use of new and more sophisticated techniques, it is possible to identify prospective areas that previously were not considered economically viable, such as deep water deposits and/or those that are geologically more difficult to locate. The initiation of this seismic survey will provide high-value information to help assess Panama’s oil and natural gas prospectivity. We value the geological and geophysical expertise ION is providing to this process and are confident they will deliver the products and understanding required for proper evaluation. We look forward to working with them throughout this process.”“The unique survey design will provide a better understanding of the hydrocarbon potential offshore Panama,” commented Joe Gagliardi, SVP of ION’s Ventures group. “We will deliver the highest quality products and geologic insight to properly evaluate the exploration potential offshore Panama that our clients have come to expect from BasinSPAN programs.”
Video Courtesy: DamenDamen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project during the past two and a half years. The 31,500 dwt Petrojarl 1 has been operated by Teekay for 28 years in the North Sea and is now destined for the Atlanta Field in Brazil.After extensive engineering, more than 50% of the process equipment was removed and replaced by new and additional equipment, required to treat heavy oil at the new location in accordance with the most stringent specifications and Brazilian compliance requirements, Damen explained.The available deck space presented major challenges during engineering and execution of the work on board, Damen added.“The Petrojarl 1 project fits within the strategy of Damen to expand further into the repair and conversion of complex offshore vessels and operating units. The recent acquisition of the Damen Verolme Rotterdam yard (DVR), located in the Botlek area of the Port of Rotterdam and holding an extensive track record of successfully refurbished offshore vessels, further complements us in this ambition,” Mark Witjens, Director at Damen Shiprepair & Conversion, commented.The self-propelled FPSO spent 14 months in one of the company’s docks undergoing refurbishment of its marine systems, underwater hull, seawater system, crane booms, heating coils in the cargo tanks and specialised steel works in the upper and lower turret areas, which needed to be completely revised and adapted to suit the 1,500-meter-deep mooring location.Simultaneously, new designed prefabricated equipment skids containing heating, cooling, separation, compression, boilers, centrifuges as well as a new E-house with electrical equipment were placed on board. Interconnecting piping and cabling was installed to complete the topsides and connect it to the remaining facilities.
UK-based SeaRoc Group has announced the expansion of its team with a number of new hires throughout the second quarter of 2017.SeaRoc Group has taken on additional software developers to support the development roadmap for its marine management system, SeaPlanner.These hires boost the development team to ten people and the additional resource will support the timely delivery of significant product development, the company said.In addition, SeaRoc Group has grown its client support team in response to the increase in the number of projects that the SeaPlanner system supports onshore and offshore. A team of three is now responsible for supporting users of SeaPlanner to deliver appropriate training, gain client feedback and ensure clients maximise the benefits of the system on their projects.As part of its strategy to support effective cost-reduction and optimisation during O&M phases of offshore wind farms, the company has invested in expanding its specialist GIS Asset Management service department. An additional GIS Analyst has joined the team to help support clients in data management and analysis services including seabed monitoring and prediction – all critical services that allow issues to be identified before they pose a substantial financial risk to the project.Steve Pears, SeaRoc Group’s Managing Director, said: “The skills and experience that we have added to our team will be hugely valuable to our end clients and we see these hires as a sign of our commitment to the renewables industry. The boost to our workforce will allow us to leverage our abilities to provide the best possible solutions to our clients, now and in the future.”
Offshore oil & gas performance improvement specialist, Salos Sunesis, has recently carried out a management buyout, which has enabled director Grant Wallace to acquire the Aberdeen-based company from founder Ty Crandall.The company was formed 21 years ago, and during this time the team has assisted in the successful delivery of over 70 of the most challenging high pressure high temperature (HPHT) wells around the world.Transferring knowledge from these challenging wells, Salos delivers performance focused auditing, coaching and training to maximise efficiency whilst ensuring safe well delivery.Grant joined the business in 2013 and saw an opportunity to develop its service offering, which now includes managed pressure drilling (MPD) project services. He has also brought industry stalwart, Bob Dickson onto the senior management team as the company’s operations manager.Bob has held senior positions such as subsea wells manager with Talisman and has over 35 years experience in the industry covering many aspects of drilling engineering and management. He has managed projects in the North Sea, Middle East, Russia, Norway and North Africa.Grant Wallace, managing director at Salos Sunesis, said: “The MBO has allowed the team to build on the last two decades of expertise. We are very positive about the future potential of the business and with increased enquiry levels we are seeing strong signs of the sector recovering. Bob’s appointment is another indication of our drive and ambition to grow the company by focussing on delivering value and assurance to our clients. He brings a wealth of expertise and insight to the team and more importantly our clients to enhance performance at the well site.”
The first of four LNG-fueled container vessels being built for Finnish shipping company Containerships has been launched at Wenchong Shipyard in China. The launching ceremony for the 1,368 TEU Containerships Nord was held on November 4.The shipbuilding work of the first vessel continues now on an outfitting pier where interior, such as piping, cabling, smaller machinery and furnishings, of the vessel will be installed. The main engine factory acceptance was completed in September and the LNG tanks have been accepted and are ready to be installed at the shipyard, the company said.The launching of the first LNG-powered vessel was followed by the keel laying of the second vessel, which is now under construction. The block production for the second vessel is nearly completed and 148 blocks have been accepted. The main engine testing is planned for the end of November, according to Containerships.The steel for the third vessel was cut in May and for the fourth vessel in September.In 2018, Containerships will have the total of four new LNG-fueled vessels in operation in the Baltics and North Sea. The first vessel is expected to start sailing during the first half of 2018, depending on the completion of sea trials.The construction of the four vessels is part of the EU DOOR2LNG project aimed at turning the multimodal door-to-door logistics chain completely to LNG. In total, EUR 17 million was granted to Containerships, of which EUR 10 million is allocated for four LNG vessels for North and Baltic Sea operations and EUR 7 million for the upgrade of the port infrastructure and development of cargo handling capacity in ports of Helsinki, Rotterdam and Teesport.Additionally, the Nordic Environment Finance Corporation (NEFCO) decided to invest EUR 5 million in supporting the company’s environmental strategy in the Baltic Sea region.On November 10, the company said that its up to EUR 70 million bonds 2015/2016 will be redeemed in advance. The date of the redemption will be December 15, 2017. On the same day, Containerships placed a EUR 60 million senior secured bond under a framework of up to EUR 100 million. As explained, the proceeds from the transaction will be used to refinance the company’s existing bond and for general corporate purposes including investments and acquisitions.“Not only does the bond issue allow the company to lower its cost of financing; it will enable the company to deliver on its ambition of launching Europe’s first fully LNG-based supply chain, positioning it at the vanguard of European short sea logistics,” Kari-Pekka Laaksonen, CEO of Containerships, commented.
German wind turbine manufacturer Senvion has partnered with EnBW and R&D institutes such as DTU, ECN and Fraunhofer IWES, among others, to jointly develop a 10MW+ offshore wind turbine.Senvion has also, in collaboration with partners, submitted an application for a Horizon 2020 funding to the European Commission for the project.The pan-European consortium led by Senvion has gathered around the ReaLCoE project with the aim of developing a next generation double-digit MW offshore wind turbine for clean, competitive electricity. The project is expected to trigger hundreds of millions of Euros of investment into the European clean tech sector.In May 2017, Senvion announced the development of a 10MW+ turbine for the offshore business. By the implementation of an integrated approach within the consortium project, the company is said to take a further step forward in this development.Over the course of nearly one year, 150 participants from nine countries prepared the ReaLCoE project content throughout three workshops in Hamburg.Throughout the project, the consortium plans to develop, install, demonstrate, operate and test a technology platform for the first prototype of a double-digit rated capacity turbine in a realistic offshore environment.“Senvion anticipates being a front-runner in the offshore business with double-digit rated capacities. “ReaLCoE’s” vision is to unleash the full potential of offshore wind energy to be in direct competition with conventional energy sources in electricity markets worldwide. This will be achieved by innovating and combining multiple disciplines within the offshore sector,” Jürgen Geissinger, CEO at Senvion, said.”This will make it possible to leverage on the efficiencies and LCoE reduction potentials in every link of the value chain. The contribution of the European Commission would kickstart new collaborative partnerships and begin the transformation of the offshore wind energy sector towards a truly digital industrial sector.”According to Senvion, the company has invited Europe’s most experienced offshore industry stakeholders and innovative SMEs to join this value adding partnership. This vision comes to reality through the vertical integration of the value chain by moving from sequential to modular and parallel development, testing and certification and new forms of cooperation, Senvion said.“Interchangeable components and parallel testing and certification will lead to a much faster time to market. Increased operational lifetime and lower service and maintenance requirement will substantially reduce LCoE. This robust, reliable and modular turbine design allows us to easily customize the turbine to different markets and client requirements,” Geissinger said