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WATCH: 3rd LNG fuel-ready eco-friendly tanker delivered to Capital
Business Developments & Projects

WATCH: 3rd LNG fuel-ready eco-friendly tanker delivered to Capital

Greece’s Capital Ship Management has taken delivery of the newbuild LNG fuel-ready chemical/product medium-range (MR) tanker with an eco-friendly design, M/T Avax. The company announced on 24 March that the 50,000 dwt vessel was delivered by Hyundai Vietnam Shipyard. The ship is assigned with Wind-A

about 3 years ago
Hudong-Zhonghua hands over 3rd LNG carrier to COSCO and CNPC
Business Developments & Projects

Hudong-Zhonghua hands over 3rd LNG carrier to COSCO and CNPC

Chinese shipbuilder Hudong-Zhonghua Shipbuilding has delivered the third liquefied natural gas (LNG) carrier to compatriot COSCO Shipping Lines and energy firm China National Petroleum Corporation (CNPC).

about 3 years ago
Illustration; Source: Brazilian Institute of Petroleum and Gas (IBP)
Authorities & Government

Turning Brazil into world’s fourth largest oil producer with new hydrocarbon exploration programme

Brazil is setting the wheels into motion to launch a programme, which would step up investments in oil and natural gas exploration.

about 3 years ago
Maersk partners with SIPG on green methanol bunkering
Business Developments & Projects

Maersk partners with SIPG on green methanol bunkering

Danish shipping giant A.P. Moller-Maersk has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project.

about 3 years ago
In focus: Offshore hydrogen steals the show once again
Business & Finance

In focus: Offshore hydrogen steals the show once again

In a world troubled by climate change and energy crisis, it has become clear that hydrogen will play a significant role in creating a low-carbon energy mix. Multiple studies have explored its advantages in decarbonising hard-to-abate sectors and boosting the security of supplies as new pilot and lar

about 3 years ago
WinGD to deliver methanol-fuelled engines for COSCO container vessels
Business Developments & Projects

WinGD to deliver methanol-fuelled engines for COSCO container vessels

Swiss marine power company WinGD has announced it will supply 10X92DF-M methanol-fuelled engines to four 16,000 TEU container vessels to be built for Chinese COSCO Shipping Lines at COSCO Shipping Heavy Industry (Yangzhou) site. The vessels are scheduled for delivery from 2025, and according to WinG

about 3 years ago
West Hercules rig; Source: SFL Corporation
Authorities & Government

Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand

Westwood says that the UK’s tax changes could amplify the exodus of rigs from the North Sea, which is already in full swing.

about 3 years ago
Tekmar-Scoops-Neart-na-Gaoithe-Cable-Protection-Contract
Business Developments & Projects

Inter-array cable installation soon to start at Neart na Gaoithe offshore wind farm

Neart na Gaoithe Offshore Wind Farm Limited (NnGOWL) has announced that it is planning to conduct a pre-lay grapnel run (PLGR) and commence cable lay out for the first campaign of six inter-array cables and one interconnector between the two offshore substations, within the wind farm’s site in Scotl

about 3 years ago
Inseanergy’s floating solar unit (Courtesy of Inseanergy/Photo by Kristin Stoylen)
Business & Finance

Inseanergy gears up for fundraising campaign

Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has announced the upcoming fundraising campaign to prepare for further growth and internationalization.

about 3 years ago
LS Cable TPC
Business Developments & Projects

LS Cable & System secures Taiwanese submarine cable deal

LS Cable & System (LS C&S) has won a contract, worth approximately KRW 110 million (about $85 million), to supply submarine cables to Taiwan Power Corporation (TPC) for an offshore wind farm planned to be built in Changhua County, Taiwan. By winning this contract, LS C&S secured the rights to supply

about 3 years ago
HAWSEC wave energy device (Courtesy of US DOE/University of Hawaii)
Business Developments & Projects

HAWSEC wave energy device undergoes sea trials in Hawaii

Researchers at the University of Hawaii, with the help from experts at Gerard Nihous Consulting, have tested a small-scale version of Hawaii Wave Surge Energy Converter (HAWSEC) in real sea conditions.

about 3 years ago
LNG ship owners to equip vessels with GTT’s Sloshing Virtual Sensor solution
Business Developments & Projects

LNG ship owners to equip vessels with GTT’s Sloshing Virtual Sensor solution

French LNG containment specialist GTT has secured contracts with two undisclosed European LNG ship owners to equip a total of three vessels with its predictive maintenance solution, the Sloshing Virtual Sensor. According to GTT, this digital technology is dedicated to the assessment of sloshing acti

about 3 years ago
Sweden: Nord Stream incident caused by 'gross sabotage'
Authorities & Government

Following last year’s explosions, Danes find undefined object near Nord Stream pipeline

Following explosions in late September 2022 that caused damage to the Nord Stream pipelines, the Danish Energy Agency has found an undefined object near one of the two gas pipelines. A cylindrical object that is about 40 cm tall and 10 cm in diameter has been found near the Nord Stream 2 pipeline, t

about 3 years ago
Fratelli Cosulich inaugurates its first LNG bunkering vessel
Business Developments & Projects

Fratelli Cosulich inaugurates its first LNG bunkering vessel

Italian maritime transportation group Fratelli Cosulich has launched and christened its first LNG bunker tanker vessel named Alice Cosulich. The vessel, inaugurated at the CIMC SOE shipyard in China, will sail under the Italian flag and will be operated by both onshore and offshore personnel. It has

about 3 years ago
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