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HMM Copenhagen
Certification & Classification

HMM’s vessels cruise comfortably within CII regulation

South Korea’s shipping major HMM said that 99% of its owned vessels are well-placed to keep their voyage under the Carbon Intensity Indicator (CII) regulation. The outcome resulted from the verification of ‘KR GEARs’, a Greenhouse Gas (GHG) Emission Authentic Reporting system launched by the Korean

about 3 years ago
methanol powered tanker
Business Developments & Projects

IBIA and Green Marine to develop methanol bunkering training programme

The International Bunker Industry Association (IBIA) and Green Marine have signed a cooperation agreement to develop a methanol bunkering training programme, with support form the Methanol Institute. The aim of the agreement is to provide for existing and future crew operating on bunker tankers and

about 3 years ago
NYK Line welcomes fifth LNG-powered car carrier
Business Developments & Projects

NYK Line welcomes fifth LNG-powered car carrier

On 24 July, Freesia Leader, the fifth LNG-fueled pure car and truck carrier (PCTC) operated by NYK, arrived at the port of Nagoya in Aichi Prefecture for a delivery ceremony.

about 3 years ago
Wuhu Shipyard
Business Developments & Projects

Wuhu Shipyard wins deal for methanol-powered chemical tankers

Chinese shipbuilder Wuhu Shipyard has signed a contract with RFOcean, a London-based alternative investment and commercial management firm focusing on the maritime industry, for the construction of four 6,600-ton methanol dual-fuel stainless steel chemical tankers. This series of ships represents an

about 3 years ago
Shell
Business & Finance

Shell sells stake in deepwater block off Indonesia

Shell has inked a sale and purchase agreements with Petronas and Pertamina to divest its entire stake in a deepwater block off Indonesia.

about 3 years ago
ABS study points to ‘transformative role’ nuclear propulsion can have on the maritime industry
Business Developments & Projects

ABS study points to ‘transformative role’ nuclear propulsion can have on the maritime industry

A new study carried out by Herbert Engineering Corp. (HEC) on behalf of ABS classification society finds that the adoption of advanced nuclear reactors onboard a 14,000 TEU containership would basically eliminate the need for refueling of the vessel during its entire 25-year lifespan. The study look

about 3 years ago
Floating LiDAR deployed offshore Italy for two wind projects
Business Developments & Projects

Floating LiDAR deployed offshore Italy for two wind projects

A floating Light Detection and Ranging (LiDAR) buoy has been deployed in waters off the coast of Brindisi, Italy, to conduct surveys and preparations for the construction of the Kailia Energia and Lupiae Maris floating offshore wind farms. Equipped with fully autonomous remote sensing devices, the b

about 3 years ago
Prelude FLNG; Source: Shell
Authorities & Government

Shell awaits green light for work on gas project off Australia

Shell has submitted an environment plan (EP) for the installation of the drilling template on the Crux natural gas field off Australia.

about 3 years ago
Survey on schedule for France-UK interconnector until mid-September
Business & Finance

Survey on schedule for France-UK interconnector until mid-September

Marine survey operations are about to begin along a section of an interconnector between France and the UK. UK’s A-2-Sea Solutions will conduct marine survey operations along a section of the IFA2 cable route, commencing on 27 July with an estimated completion on 13 September. For the activities, th

about 3 years ago
WISAMO
Business Developments & Projects

Michelin’s WISAMO wing sail testing the waters on MN Pelican

Michelin’s Wing Sail Mobility (WISAMO) project has achieved a significant milestone with the completion of the installation of its wing sail on the MN Pélican, a container ship owned by Compagnie Maritime Nantaise – MN. The vessel has returned to sea since June, according to an update from WISAMO. T

about 3 years ago
MoU signing ceremony between WPDA and Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum (Courtesy of WPDA)
Business & Finance

UAE company eyes floating solar opportunities in Pakistan

The Water and Power Development Authority of Pakistan (WAPDA) has signed two memorandums of understanding (MoU) with the Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum of United Arab Emirates for capacity enhancement of existing small hydroelectric power plants and the developm

about 3 years ago
Wan Hai Lines opts for $96mln sustainability-linked financing
Business & Finance

Wan Hai Lines opts for $96mln sustainability-linked financing

Taiwanese shipping company Wan Hai Lines has signed a 10-year sustainability-linked shipping financing agreement with Standard Chartered Bank.

about 3 years ago
Mike Wirth, Chevron's chairman and CEO; Courtesy of Chevron
Business & Finance

Chevron enables current CEO to remain longer in the role and unveils new CFO

Chevron has disclosed a waiver of the mandatory retirement age for its current chairman and chief executive officer (CEO).

about 3 years ago
Well-Safe Defender rig; Source: Well-Safe Solutions (video)
Business & Finance

Well-Safe Solutions rig winds down decom ops at one North Sea field and moves to another

Well-Safe Solutions’ semi-submersible rig has wrapped up its decommissioning assignment on one of the fields on the UKCS.

about 3 years ago
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