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Kevin Humphreys joins from Wärtsilä to lead Americas operation and Sung-Gu Park promoted to North East Asia President. LR has appointed Kevin Humphreys as its new Marine and Offshore President for the Americas, and has promoted Sung-Gu Park to President, responsible for the North East Asia region, including South Korea and Japan. The appointments form .
Ballast control system designed to improve the stability of floating offshore wind platforms. LR has granted Seaplace Approval in Principle for its active ballast control system, designed specifically for the company’s floating offshore wind platforms concept, CROWN, a novel technology that includes both buoy and reduced-draft spar operational concepts, expected to reduce CAPEX costs of .