Latest News for: Offshore managers

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Bad-Asset Manager Huarong Repays $250 Million Bond as Default Worries Persist

Caixin Online 24 Jun 2021
An offshore financing arm of bad-debt manager China Huarong Asset Management Co ... Controlled by the Ministry of Finance and the largest of China’s Big Four asset management companies by total assets, it missed two official deadlines to publish its 2020 results, triggering steep sell-offs in its offshore bonds.
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Queen’s property manager says profits fell 22% in first year of pandemic

The Guardian 24 Jun 2021
Crown estate’s profits fell by nearly £76m in year to March despite offshore wind auction windfall A historic offshore wind ...
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BSE Institute inks MOU with GIFT City for training in finance and capital markets

Business Line 24 Jun 2021
Tapan Ray, MD & CEO of GIFT City, commented, “An important piece of this endeavour is to provide avenues for skill development and training in various areas of international products, offshore fund management, international bullion trading among others.
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Major Evergrande Creditor Says It Has Cut Exposure to Debt-Ridden Developer

Caixin Online 24 Jun 2021
(Bloomberg) — China Minsheng Banking Corp., one of the major creditors to China Evergrande Group, said it has cut its exposure to the embattled property developer over the past nine months ... With more than $20 billion of offshore bonds, Evergrande stands alongside China Huarong Asset Management Co ... Get our weekly free Must-Read newsletter. .
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Philippines to prepare offshore wind roadmap

Renewables Now 23 Jun 2021
The PhilippinesDepartment of Energy (DOE) on Monday held a virtual launch of the Philippine Offshore Wind Roadmap project, it said yesterday. The project is funded through the World Bank Group’s Energy Sector Management Assistance Programme (ESMAP).
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AFRY hired for enviro assessment of 1.4-GW wind project off Finland's shore

Renewables Now 23 Jun 2021
Stockholm-based consultants AFRY will assess the environmental impact of a 1.4-GW offshore wind project in Finland planned by the Finnish National Board of Forestry (Metsahallitus) ... The Finnish National Board of Forestry manages ...
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Bipartisan group of US senators introduces bill to provide coastal states with revenue from offshore ...

Splash24/7 23 Jun 2021
The Act would require that states use this money for coastal restoration, hurricane protection or infrastructure; offsetting damage to fish, wildlife or other natural resources caused by offshore wind-energy development; and creating and enacting marine-, coastal- or conservation-management plans.
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NSML 1st Customer for JAWS Application on KONGSBERG’s K-IMS Platform

The Maritime Executive 23 Jun 2021
JAWS also monitor and reports live fuel and emissions savings back to managers, giving a real-time insight into the benefits of deploying this technology across a fleet ... “K-IMS is also establishing an appreciable market footprint in the offshore segment,” says Vegar Løver, Sales Manager, LNG, Kongsberg Maritime.
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PIETER HUNDERSMARCK: Ham-fisted Naspers and Prosus serve their shareholders baloney

Business Day 23 Jun 2021
Overshadowing any operational result from Naspers and Prosus is the increasing concern around capital allocation and management incentives that have destroyed shareholder value for more than a decade ... There are ways to close the discount, but it’s clear that management isn't incentivised to pursue them ... Kinnevik management had two options.
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DoE, WB work on offshore wind roadmap project

The Manila Times 22 Jun 2021
Dubbed the Philippine Offshore Wind ... The Philippine Offshore Wind Roadmap is among the series of offshore wind roadmap studies commissioned by the WBG under the joint Energy Sector Management Assistance Program-International Finance Corporation Offshore Wind Development Program.
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DOE launches offshore wind roadmap

Manila Standard Today 22 Jun 2021
Funded through the WBG's Energy Sector Management Assistance Program, the project aims to identify areas in the Philippines with high potential for offshore wind development; establish short and long-term offshore wind targets; formulate strategies to successfully integrate ...
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Bill would send coastal states revenue from offshore wind energy

Houma Today 22 Jun 2021
Louisiana has learned to use money from offshore energy production to rebuild our coastline and protect our communities," said Bill Cassidy, R-La., one of 10 senators sponsoring the measure ... Biden boosts offshore wind energy, wants to power 10 million homes by 2030 ... to generate 30 gigawatts of offshore wind energy by 2030.
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Funding boost for Orca Hub offshore robotics

The Engineer 22 Jun 2021
ORCA Hub has secured £2.5m of further funding from UK Research & Innovation to support the development of robots for the offshore energy industry ...The international offshore energy industry is undergoing a revolution, adopting aggressive net-zero objectives, and shifting rapidly towards large scale offshore wind energy production.
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Web Hosting Talk 22 Jun 2021
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Citizens Energy Corp. working with Schneider Electric to drive energy equity in Northeast

Solar Builder 22 Jun 2021
Citizens Energy also partners with the Vineyard Wind project, the first large-scale offshore wind project in North America. Citizens Energy is responsible for managing the Resiliency and Affordability Program (RAP) for some of the projects’ host communities ... offshore wind project.

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