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IMO
Authorities & Government

NGOs urge IMO to adopt mandatory measures to cut underwater noise impact on marine life

The Clean Arctic Alliance, comprising 20 not-for-profit organisations, called for urgent action to address the impact of underwater noise from ships on Arctic wildlife, as a meeting of the International Maritime Organization’s (IMO) Sub-Committee on Ship Design and Construction opens in London. A pr

about 3 years ago
NYK’s new LPG-powered LPG carrier delivered
Vessels

NYK’s new LPG-powered LPG carrier delivered

Japanese shipbuilder Kawasaki Heavy Industries has delivered new liquefied petroleum gas (LPG)-fueled LPG carrier Lantana Planet to compatriot shipowner Nippon Yusen Kabushiki Kaisha (NYK).

about 3 years ago
GTT-KFTC update: Supreme court suspends Seoul High Court’s decision
Authorities & Government

GTT-KFTC update: Supreme court suspends Seoul High Court’s decision

Following an appeal from French LNG containment specialist GTT, the Supreme Court of Korea has decided to suspend the execution of the Seoul High Court’s decision concerning GTT’s obligation to separate technology license and technical assistance if requested by the shipyards. On 1 December 2022, th

about 3 years ago
SF Russia's largest shipping company
Authorities & Government

Sanctions aftermath: India emerges as top buyer of Russia’s seaborne crude

India has become the largest seaborne importer of Russian crude in the wake of the EU ban on seaborne oil imports and subsequent G7 price cap for exports. Exports to India increased from virtually nothing prior to Russia’s invasion of Ukraine to 1.2 Mb/d in November last year, according to Poten & P

about 3 years ago
Liquid Wind to set up third electrofuel facility for maritime sector
Business Developments & Projects

Liquid Wind to set up third electrofuel facility for maritime sector

Swedish green electrofuel developer Liquid Wind has revealed its plan to establish the country’s third electrofuel facility for the maritime sector, following similar FlahshipONE and FlagshipTWO projects. For this purpose, Liquid Wind, in partnership with Umeå Energi, carried out a feasibility study

about 3 years ago
Beihai Shipbuilding
Business & Finance

Fredriksen buys 4.6 million more shares in Euronav as arbitration over failed merger looms

Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 additional shares in Belgian tanker shipping company Euronav. Together with related companies, Famatown holds 45,641,478 shares in Euronav or 22.62% stake. The move has brought Fredriksen close

about 3 years ago
U.S. offshore rig count takes a downward plunge
Business & Finance

U.S. offshore rig count takes a downward plunge

Baker Hughes’ weekly rig count report says that the number of offshore rigs in the U.S. took a nosedive last week and fell by 3 units.

about 3 years ago
Ursula von der Leyen, President of the European Commission
Business & Finance

In focus: Energy transition caught between cooperation and fragmentation

The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect

about 3 years ago
Consortium lands deal for project at world’s largest offshore sour gas development
Business & Finance

Consortium lands deal for project at world’s largest offshore sour gas development

ADNOC has handed out a letter of award (LOA) related to offshore facilities for a giant offshore gas development to a consortium led by NPCC.

about 3 years ago
Fugro plots first remotely operated autonomous offshore wind farm inspection
Business & Finance

Fugro plots first remotely operated autonomous offshore wind farm inspection

Netherlands-headquartered Fugro has revealed plans to carry out a remotely operated autonomous offshore wind farm inspection, said to be an industry first. Fugro will use its Blue Essence uncrewed surface vessel (USV) equipped with the Blue Volta fully electric remotely operated vehicle (ROV) to con

about 3 years ago
containership
Authorities & Government

U.S. fines two Greek-based shipping companies

Greece-based shipping companies Empire Bulkers Limited and Joanna Maritime Limited were ordered to pay $2 million ($1 million each) over violations of pollution acts in the U.S. The two companies were convicted for knowing and willful violations of the Act to Prevent Pollution from Ships (APPS) and

about 3 years ago
Germany welcomes floating LNG terminal Hoegh Gannet
Business & Finance

Germany welcomes floating LNG terminal Hoegh Gannet

Höegh LNG’s floating liquefied natural gas (LNG) terminal Hoegh Gannet has arrived at Brunsbüttel’s Elbehafen port near Hamburg, Germany to increase German liquid gas import capacity. RWE, which is responsible for filling the FSRU with LNG, together with companies Uniper and EnBW, said that in the n

about 3 years ago
Euronav names LNG-ready, scrubber-fitted VLCC duo
Business Developments & Projects

Euronav names LNG-ready, scrubber-fitted VLCC duo

Belgium’s tanker shipping company Euronav has held a naming ceremony for two very large crude carriers (VLCCs) being built at South Korean shipyard Hyundai Samho Heavy Industries (HSHI).

about 3 years ago
Contract signing sets in motion survey campaign offshore Timor-Leste
Business & Finance

Contract signing sets in motion survey campaign offshore Timor-Leste

Mahakarya Geo Survey (MGS), an Indonesian provider of marine seismic, underwater services, and geotechnical survey, has signed a contract with Timor GAP, the national oil company of Timor-Leste, to conduct surveys offshore Timor-Leste as part of the Metinaro survey campaign project.

about 3 years ago
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