Conrad Industries Announces Third Quarter 2025 Results and Backlog
Conrad Industries, Inc. announced its third quarter and nine months ended September 30, 2025 financial results and backlog at September 30, 2025.For the quarter ended September 30, 2025, Conrad had net income of $5.5 million and earnings per diluted share of $1.09 compared to net income of $7.5 million and earnings per diluted share of $1.49 during the third quarter of 2024. The Company had net income…
Noatum Maritime, Siemens Energy and GPT Team Up for Offshore Renewables
Noatum Maritime, Siemens Energy and Green Parrot Tech (GPT) have signed a partnership agreement to explore collaboration in the offshore renewable energy sector.Noatum Maritime, an AD Ports Group company, Siemens Energy and GPT plan to combine their capabilities to support the development of offshore renewable infrastructure including substations and power grid networks.The partnership aims to integrate expertise in electrical systems…
Study: Allseas SMR Tech Seen as Key Maritime, Industry Decarbonization Tool
Allseas’ small modular reactor (SMR) technology could generate up to $150 million billion in economic value for the Netherlands and create as many as 40,000 new jobs by 2050, according to an impact study released on Monday by the offshore engineering group.The study, conducted by consultancy Roland Berger, found that deploying the company’s 25 MWe / 70 MWt high-temperature gas-cooled SMR could also help cut grid congestion…
First Locally-Built Nacelles Installed at Polish Offshore Wind Farm
The Baltic Power offshore wind project has installed the first turbine nacelles manufactured in Poland, marking a milestone for the country’s emerging offshore wind supply chain.Three 15 MW turbines have been fitted with nacelles produced at Vestas’ newly opened plant in Szczecin, the first offshore wind manufacturing facility operated by the Danish company in Poland.In total, 76 turbines will be installed at the 1.2 GW project…
Technip Energies to Supply CO2 Loading Arms for Northern Lights CCS Project
Technip Energies Loading Systems has secured a contract to supply three fully electric marine loading arms for phase 2 of the Northern Lights CO2 transport and storage project in Øygarden, Norway.The loading solution will be installed at the new Northern Lights jetty and will consist of three marine loading arms fully qualified to transfer liquefied CO2.For this second phase, Technip Energies Loading Systems will deliver a fully electric design…
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