French LNG containment specialist GTT has received two orders from its partner the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of new liquefied natural gas carriers (LNGCs). According to GTT, the orders were made in the first quarter of 2023 for a total
UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Australian shipbuilder Austal has signed a Letter of Intent (LoI) with Swedish Rederi AB Gotland to design a high-speed catamaran that will be able to run on hydroge
Equinor has awarded a letter of intent to KBR for the front-end engineering design (FEED) of topside facilities for the Bay Du Nord FPSO.
Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities
Singapore-based energy solutions provider Pavilion Energy, a subsidiary of Temasek, has loaded the first termed small-scale LNG cargo bound for Chinese city gas distributor Zhejiang Hangjiaxin Clean Energy. The first cargo was loaded on board LNG Jia Xing, a 46,200 cbm small-scale LNG vessel from th
Técnicas Reunidas, an engineering company, and Cetaer, a company with a goal to bring innovation projects to commercial scale in the transport sector, have signed a collaboration agreement for the development of an e-methanol plant to be built in Almería, Spain. According to Técnicas Reunidas, the f
A groundbreaking ceremony has been held in Qidong for the construction of an FPSO, destined to work for Petrobras offshore Brazil.
Cemre Shipyard starts construction of Molslinjen’s electric ferry
Two tankers collided on Tuesday, April 4 in the Great Bitter Lake region, part of the Suez Canal, a key artery for the movement of goods between Europe and Asia. According to the head of the canal authority Lieutenant-General Osama Rabie, the ‘minor friction’ occurred when the tanker Lyric Magnolia
South Africa-headquartered aviation industry player Ultimate Aviation has completed the acquisition of North Sea-focused helicopter services provider for the oil & gas industry Offshore Helicopter Services (OHS). The acquisition is effective immediately and will see OHS continue operating under its
Chinese shipyard Wison Heavy Industry, a subsidiary of Wison Offshore & Marine Limited (WOM), is advancing construction works on a 2.4 million tonnes per year (mtpa) floating liquefied natural gas (FLNG) unit ordered by Italian oil and gas company Eni. According to the shipyard’s social media update
Linde, an industrial gases and engineering company, has made a long-term agreement with ExxonMobil, an energy and petrochemical company, for the offtake of carbon dioxide associated with Linde’s new clean hydrogen production in Beaumont, Texas, US. Under the terms of the agreement, ExxonMobil is exp
The International Maritime Organization’s (IMO) Legal Committee has highlighted the risks and consequences of ship-to-ship transfers in the open ocean and the methods used to obscure ship identities. At its 110th session in London, the committee was informed that a fleet of between 300 to 600 tanker
