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Value Maritime, partners win funding for CCS aboard Samskip Kvitbjorn
Business & Finance

Value Maritime, partners win funding for CCS aboard Samskip Kvitbjorn

Dutch maritime technology company Value Maritime and its partners in the Maritime Efficient & Easy Carbon Capture (ME2CC) project have received funding from the Maritime Masterplan 2024 to advance the development, construction and demonstration of a compact, modular carbon capture system to be insta

about 1 year ago
carbon
Regulation & Policy

47 governments, shipping industry propose text for IMO carbon tax

The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the United Nations’ International Maritime Organization (IMO) to adopt a maritime greenhouse gas (GHG) emissions pricing mechanism for international shipping.

about 1 year ago
Buzzard oil & gas field in the UK North Sea; Source: CNOOC Petroleum Europe
Authorities & Government

UK hits Chinese oil & gas giant’s European arm with £125K fine in flaring and venting clampdown

North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.

about 1 year ago
Aerial view of a shipyard
Business Developments & Projects

Korean duo picks TMC Compressors for 32 ships set to work for ‘LNG shipping major’

Norway-based TMC Compressors has been hired by South Korea’s Samsung Heavy Industries (SHI) to supply marine compressed air systems for a set of liquefied natural gas (LNG) carriers the latter is building for an undisclosed national energy company.

about 1 year ago
United Heavy Lift deploys Syroco weather routing platform on F900 Eco-Lifter ships
Business Developments & Projects

United Heavy Lift deploys Syroco weather routing platform on F900 Eco-Lifter ships

United Heavy Lift (UHL) has started deploying a weather routing platform developed by Syroco on its F900 Eco-Lifter class ships.

about 1 year ago
BYD
Collaboration

BYD Hefei sets sail as first BYD-owned LNG dual fuel PCTC (Gallery)

The first 7,000 CEU liquefied natural gas (LNG)-powered dual-fuel pure car and truck carrier (PCTC) owned by China’s plug-in hybrid electric vehicle manufacturer BYD has been delivered. As disclosed, the vessel, named BYD Hefei, embarked on its maiden voyage on January 7, 2025, following the deliver

about 1 year ago
Perenco's Cap Lopez terminal in Gabon; Source: Dixstone
Business & Finance

African FLNG project getting its ‘ideal choice’ of LNG liquefaction technology

Perenco has picked a liquefied natural gas (LNG) liquefaction technology partner for its floating LNG (FLNG) project in Gabon, West Africa. Thanks to this, Aragon, a Norway-headquartered engineering, procurement, and construction (EPC) player, which is part of Seatrium, will work on the firm’s FLNG

about 1 year ago
Emirati company wins $1B contract for subsea gas pipeline in Taiwan
Business & Finance

Emirati company wins $1B contract for subsea gas pipeline in Taiwan

UAE’s NMDC Energy, formerly known as National Petroleum Construction Company, has secured a $1.136 billion engineering, procurement, and construction (EPC) contract with a Taiwanese company for the installation of subsea gas pipelines, among other things, for the renewal of a power plant in Taiwan.

about 1 year ago
Denmark's tender invites applications for coastal CO2 storage exploration
Authorities & Government

Denmark inviting applications for coastal CO2 storage exploration

The Danish Energy Agency is today opening the fourth round of tenders inviting companies to apply for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark. The tender covers three areas near the Danish coast – Jammerbugt, Lisa and Inez, which are among several

about 1 year ago
AtoB@C Shipping
Business Developments & Projects

AtoB@C Shipping, Yara International extend sustainability-driven cooperation

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, and Norway’s Yara International, a crop nutrition company and a provider of environmental and agricultural solutions, have extended the existing contract of affreightment until 2033.

about 1 year ago
Safe Zephyrus; Source: Prosafe
Business & Finance

Prosafe vessel staying 954 more days with Petrobras

Prosafe has won a multimillion-dollar contract extension for one of its semi-submersible vessels, which is providing safety and maintenance support to Petrobras, a Brazilian state-owned energy giant.

about 1 year ago
llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)
Authorities & Government

Wales introduces strategic resource areas for tidal stream energy

Wales has taken a step forward in marine planning by introducing its first Strategic Resource Areas (SRAs) for tidal stream energy, aiming to foster the sustainable development of marine energy while safeguarding sensitive ecosystems. The Welsh government launched its first marine plan in 2019, layi

about 1 year ago
FPSO Atlanta; Source: Yinson Production
Business & Finance

Yinson Production confirms first oil from its third FPSO in Brazil

Yinson Production has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals.

about 1 year ago
CLdN picks Elomatic’s energy-saving solution for its hybrid RoRo pair
Business Developments & Projects

CLdN picks Elomatic’s energy-saving solution for its hybrid RoRo pair

CLdN has contracted Elomatic to install tunnel thruster technology on two new hybrid RoRo vessels.

about 1 year ago
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