According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed
Yinson Production has secured a $230 million term loan facility in relation to an FPSO vessel, which will be deployed off the coast of Brazil.
As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit
Saipem has won two new E&C offshore contracts in Romania and in Germany with a total value of around €1.8 billion, which is close to $2 billion ($1.97 billion).
German provider of engineering services for the design and supply of gas carriers TGE Marine Gas Engineering has completed gas trial onboard very large gas carrier (VLGC) Gas Neptune.
In the midst of a thriving shipbuilding upcycle fueled by the global decarbonization drive, Singapore-listed shipbuilder Yangzijiang Shipbuilding has secured a staggering $5.76 billion worth of orders for 72 vessels in the first half of 2023. The strong demand for clean energy vessels has been a sig
Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
Romania’s National Agency for Mineral Resources has endorsed the development plan for a massive deepwater natural gas project in the Black Sea.
French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on
Italian shipbuilder Fincantieri has delivered the second of six new Prima-class cruise ships to Norwegian Cruise Line (NCL).
Crown LNG Holdings, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, and Catcha Investment, a publicly traded special purpose acquisition company, have announced a definitive agreement for a business combination that is set to result in Crown becom
Norwegian wave energy company Havkraft has joined forces with Singapore-based Neuto to spearhead green transition in Southeast Asia through the development of ocean energy projects using the Havkraft N-class wave power plant.
TotalEnergies and SOCAR have inked a deal, which will enable each to sell a 15 per cent participating interest in a gas field off Azerbaijan.
Construction of the Woodfibre LNG, a project being developed by Pacific Energy and Enbridge, has officially begun as Qingdao McDermott Wuchuan (QMW) fabrication yard, a joint venture of McDermott and China State Shipbuilding Corporation (CSSC), started building the first module for the project. QMW
