A coalition of shipping leaders, led by industry majors Shell and Mediterranean Shipping Company (MSC), launched today a technology accelerator intending to examine and advocate for maritime technology solutions to measure and manage methane emissions. The Methane Abatement in Maritime (MAM) Innovat
On 2 September, Japanese shipbuilder Kawasaki Heavy Industries held a naming ceremony for a new very large gas carrier (VLGC) that the shipping company NYK will charter to LPG trader and importer Astomos Energy Corporation.
Island Drilling Company has signed a contract with Trident Energy to provide a drilling unit and associated services for a campaign off Equatorial Guinea.
The partners in the EU-funded €3.4 million LiftWEC project have selected the final concept for a wave energy device, based on hydrodynamic lift forces, that will be put through its paces at the wave tank in Ecole Centrale de Nantes.
Exmar LPG, a joint venture (JV) between EXMAR and Seapeak, has placed a firm order for two midsize carriers with Korea’s Hyundai Mipo Dockyard (HMD). The 46,000 m³ dual fuel (LPG) vessels are scheduled for delivery in the fourth quarter of 2024 and the first quarter of 2025 respectively. The price t
UAE’s ADNOC Offshore has awarded a $548 million contract for a new main gas line at its Lower Zakum field offshore of Abu Dhabi.
Singapore-based unit of Australian energy major Woodside has entered into a flexible long-term sale and purchase agreement (SPA) with Germany’s energy company Uniper for Woodside to supply LNG from its global portfolio into Europe.
French shipping major CMA CGM has decided to create a Special Fund for Energies, backed by a five-year $1.5 billion budget, to accelerate its energy transition and achieve net-zero carbon by 2050. The fund will invest to support the industrial production of new fuels and low-emission mobility soluti
Abu Dhabi National Oil Company (ADNOC) has sent out the first shipment of low-carbon ammonia from the United Arab Emirates to Hamburg, Germany.
The U.S.-based ballast water treatment provider Ecochlor and China’s marine solutions provider company Sinotech have signed a new agreement to advance long-term sales, marketing and technical assistance and foster mutual maritime relationships worldwide.
Saudi Arabian logistics and shipping company Bahri has launched the first phase of its Fleet Performance Monitoring Center (FPMC), set to enhance operations in the areas of speed and consumption, energy efficiency and hull performance. Bahri aims to develop it into a centralized support system that
International maritime logistics conglomerate Wagenborg has welcomed Golar Igloo FSRU at the port of Eemshaven to serve as the new floating LNG terminal.
Ashtead Technology is expanding its mechanical solutions service offering with the acquisition of WeSubsea, a provider of subsea dredging technology solutions. The transaction is expected to close during the fourth quarter of the year and will be Ashtead’s sixth acquisition in the past five years. A
South Korean shipbuilder Hyundai Heavy Industries (HHI), autonomous navigation solutions startup Avikus, classification society Korean Register (KR) and Liberian Registry are collaborating to commercialise autonomous navigation technology. The parties signed a memorandum of understanding (MoU) on 26
