• 2020 January 21 11:05

    Fincantieri enters the green cutting-edge project “ITER”

    Fincantieri has been awarded a prestigious order, worth almost 100 million euros, for a number of high-profile systems, components, installations as part of the ITER Project, a multinational collaboration aimed at building an experimental hydrogen fusion reactor, first of its kind, and acknowledged as one of the most ambitious initiatives in the world in the field of sustainable energy.

    A temporary consortium has been established for the execution of these activities. It includes Fincantieri itself as the main contractor, its subsidiary Fincantieri SI, active in the field of plant design and industrial-scale electrical, electronic and electromechanical components, Delta-ti Impianti, specialized in mechanical plant engineering, and Comes, specialized in electrical plant engineering.

    The ITER Organization is the supranational body, headquartered in France, jointly funded and supplied by the European Union, China, India, Japan, Korea, Russia and the United States of America. The organization runs the ITER project, with construction currently underway at the Cadarache site in the South of France. The project will demonstrate the scientific and technological feasibility of hydrogen fusion, and will allow scientists and engineers to gain all the necessary knowledge for the construction of the electricity-generating fusion reactors to follow. ITER is the essential final step toward providing fusion power as a large-scale source of clean and virtually unlimited energy– a vital global need, given increasing energy demand – by using cutting-edge technologies specially developed by the countries taking part in the program.

    Alongside renewable energy resources, nuclear fusion could considerably help in fighting against climate change. Besides the nearly inexhaustible supply of fuel for fusion, one of the fusion’s benefits, in fact, lies in the limited production of residual waste, and the absence of emissions of CO2or other greenhouse gasses responsible for global warming. Hydrogen fusion is expected to be highly efficient and clean, because deuterium can be derived from water, and the fusion process produces no high-activity long-lived radioactive waste. Furthermore, the scientific and engineering challenges involved are producing beneficial breakthroughs in related fields such as superconductivity, cryogenics and vacuum systems.

    Fincantieri SI, which represents the operating arm of Fincantieri for this project, works in the field of hybrid ship propulsion, including energy storage systems, and in the field of emission reductions, with specific technological solutions such as the electrification of ports. With the acquisition of this ITER contract, the company confirms its vocation to become a reference on the world market for all green applications, supported in this by its own research and development center.




2020 February 20

18:27 SMOOTH PORTS Partners met and discussed in Livorno
18:07 UNIIQ invests in Tetrahedron’s innovative crane for next-gen wind turbines
17:52 RF Navy’s Admiral Kasatonov frigate left for Barents Sea to continue testing
17:30 Evergreen issues notice for reefer cargo to Shanghai、Ningbo and Xingang, China
17:17 Tersan Shipyard (Turkey) delivers lead crab catching and processing ship of Project ST184
17:00 West Africa Container Terminal to commence Phase 2 upgrade
16:53 Indonesia hosts new national workshop on maritime security risk
16:53 Port of Rotterdam increases sales of LNG and VLSFO
16:29 UN agencies collaborate to promote seafarers’ rights treaty
16:04 INOK TM and Admiral Makarov SUMIS sign agreement on cooperation
15:38 Rosmorport reports on its icebreaker support in Russian seaports as of February 17, 2020
15:11 Rosmorport changes tariffs for services offered at the seaport of Kaliningrad
14:47 BIMCO joins Japan to regulate carbon intensity of existing ships
14:25 ESPO published its Position Paper on European Green Deal objectives in ports
14:02 CHIMBUSCO starts to supply China-produced low sulphur bunker oil to international ships
13:43 Top-level speakers announced for Unmanned Maritime Systems Technology 2020 in London
13:20 Throughput of Russia’s river ports fell by 11.6%, from 143.1 million tonnes in 2010 to 126.5 million tonnes in 2019
13:01 BC Ferries names and christens the first two Island Class ferries
12:46 Bunker prices are flat at the Far East ports of Russia (graph)
12:31 National Marine Dredging Company and Royal IHC launch TSHD GHASHA
12:08 Port of Baku and Tamiz Shahar cooperate on environmental issues
11:48 Hapag-Lloyd improves operating result by more than 80 percent in 2019
11:41 Port of Gdynia widens its internal entrance to 140 m
11:15 CMA CGM announces PSS for exports from East Russia
10:52 Russian Maritime Register of Shipping introduces new scheme of oil and gas equipment approval
10:24 Main contractor Damen and more than a hundred companies contribute to Combat Support Ship
10:24 MABUX: Bunker market this morning, Feb 20
09:53 Ships of RF Navy’s Baltic Fleet left for Atlantic to perform combat training tasks
09:35 Brent Crude futures price is up 0.32% to $59.31, Light Sweet Crude – up 0.45% to $53.73
09:14 Baltic Dry Index is up to 465 points

2020 February 19

18:37 Eni launches hull for Coral Sul FLNG in offshore Mozambique
18:06 Port of Rotterdam aims to become the most sustainable biorefinery in Europe
17:52 NOVATEK’s 2019 profit grew 5.3 times YoY to RUB 865.5 billion
17:31 Royal IHC launches TSHD GHASHA for National Marine Dredging Company
17:28 Wärtsilä and Carnival achieve real-time data exchange between ship and port
17:06 Jan De Nul finishes deepening works in the Port of Maputo
16:46 Port of Hamburg seaborne cargo throughput up 1.1 percent to 136.6 million tons in 2019
16:42 PM Yury Borisov backs RF Transport Ministry’s proposal to assign cargo to Russian-flagged and Russian-owned vessels
16:13 Boston Ship Repair gets Navy's $14.3M contract
15:37 Russia’s market demand for marine fuel to exceed 10 million tonnes in 2020 – PM Yury Borisov
15:10 Inmarsat launches connectivity services in Saudi Arabia across land, sea and air
14:51 FESCO launches new regular container train from Novosibirsk to Khabarovsk
13:48 Russia’s bunker market fell by over 6% YoY to 11 million tonnes in 2019
13:06 Rosneft’s hydrocarbon production in 2019 remained flat YoY at 5.79 mmboed
12:39 Rosneft reports 29-pct increase of its 2019 net income to RUB 708 bln
12:05 Philippine Ports Authority net income soars 31% in 2019
11:47 Konstantin Anisimov appointed as Deputy Head of Federal Marine and River Transport Agency
11:00 Position of the European Federation of Inland Ports (EFIP) on the European Green Deal
10:52 Golar Power forms partnership with BR Distribuidora
10:41 IMO continues its work to counter maritime crime
10:21 MABUX: Bunker market this morning, Feb 19
10:18 Finland accedes to Cape Town Agreement on fishing vessel safety
09:54 Bunker prices go down at the port of Saint-Petersburg, Russia
09:32 Brent Crude futures price is up 1.07% to $58.37, Light Sweet Crude – up 1.05% to $52.84
09:19 Milaha takes part in the Qatar Maritime and Logistics Summit as its main sponsor
09:15 Baltic Dry Index is up to 450 points

2020 February 18

18:00 Petronas signs 12-year time charter party for two new build LNG vessels
17:36 MARAD announces more than $280 million in grants for US ports
17:27 Jotun Marine: Proactive measures needed to improve hull performance
17:06 CMA CGM announces FAK rates from the Mediterranean to USEC and USGULF