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Maersk
Vessels

Maersk names fifth large methanol dual-fuel boxship in Felixstowe

Danish shipping giant A.P. Moller Maersk has held a naming ceremony for the fifth 16,000 TEU methanol dual-fuel containership in Felixstowe, UK.

about 1 year ago
KCA Deutag
Business & Finance

$900 million lands on KCA Deutag’s backlog for cross-geography drilling ops

KCA Deutag has landed multiple new onshore and offshore drilling assignments and extensions, spanning different continents, which expands its total backlog by $900 million.

about 1 year ago
UAE-headquartered diving company PETRODIVE and Malaysia-based Seatech Engineering Maintenance have entered into a commercial collaboration agreement (CCA) to boost commercial diving operations in Saba
Business Developments & Projects

Two companies seal deal to boost Sabah’s commercial diving ops

UAE-headquartered diving company PETRODIVE and Malaysia-based Seatech Engineering Maintenance have entered into a commercial collaboration agreement (CCA) to boost commercial diving operations in Sabah, Malaysia. The agreement, signed by PETRODIVE’s CEO, Stéphane Troté, and Seatech’s Managing Direc

about 1 year ago
fuel
Market Outlooks

LR: Fuel quality continues to be ‘critical issue’ for shipping industry

Ongoing concerns around fuel quality are still a critical factor and significant expense for the maritime industry, class society Lloyd’s Register (LR) said in a new report.

about 1 year ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Shell’s new solar-powered platform with 20-year design life on its way to offshore gas field (Gallery)

Shell is setting all the puzzle pieces together to kick off production from a natural gas development off the coast of Malaysia. The latest milestone in this project comes with the jacket and topside sail-away events for an offshore platform specifically built for the project and designed to run on

about 1 year ago
An aerial view of an LNG terminal
Business & Finance

Partners exploring viability of France’s CO2 transport and liquefaction network, eyeing 2030 completion date

Following June’s call for expressions of interest (CEI) to develop a network of CO2 transport infrastructure in France, French liquefied natural gas (LNG) operator Elengy has launched feasibility studies for the project in partnership with compatriot Société du Pipeline Sud-Européen (SPSE), a player

about 1 year ago
MPA Singapore
Business Developments & Projects

Singapore MPA and Shandong pen agreement for new green and digital shipping corridor

The Maritime and Port Authority of Singapore (MPA) and the Shandong Provincial Transport Department have inked an agreement to establish a new green and digital shipping corridor (GDSC), aimed at fostering sustainable and technologically advanced maritime trade between Singapore and China’s Bohai an

about 1 year ago
MHB has secured award for conversion works of a MPDU into a mobile WIF; Source: MHB
Business & Finance

Rig getting new lease on life as water injection unit for more sustainable oil recovery

MHB has landed a conversion deal to breathe new life into a mobile offshore drilling unit (MODU) by turning it into a water injection facility (WIF) designed to optimize reservoir pressure, enhance oil recovery rates, and reduce environmental impact.

about 1 year ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business & Finance

US DOE pours $33M into marine and hydropower projects to boost innovation and commercialization

The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated more than $33 million in funding to advance marine energy and hydropower projects. Out of the total funding, nearly $25 million is dedicated to 25 marine and hydropower research and development (R&D) projects

about 1 year ago
ABL Centre Manche
Business & Finance

ABL secures work on French offshore grid connections

Energy and marine consultancy company, ABL, has been appointed as marine warranty surveyor (MWS) to support the marine transportation and installation (T&I) operations for the Centre Manche 1 and Centre Manche 2 offshore substations in France. Centre Manche 1 and Centre Manche 2 are part of two offs

about 1 year ago
Gearbulk
Business & Finance

Marubeni to acquire 28% stake in Gearbulk

Japanese conglomerate Marubeni will buy a 28% stake in Switzerland-based shipping company Gearbulk from Kristian Jebsen and his family.

about 1 year ago
UK government
Authorities & Government

UK Chamber of Shipping charts a $915 million course to net zero in new budget proposal

The UK Chamber of Shipping has published a roadmap laying out the ways shipping in the UK could reach net-zero emissions by 2050 with a proposed plan for £700 million (circa $915.5 million) worth of investments in the upcoming Budget as part of efforts to aid the country in becoming a clean and ecol

about 1 year ago
Denmark sets aside $4.2 billion as part of its third fund for carbon capture and storage
Authorities & Government

Denmark sets aside $4.2 billion as part of its third fund for carbon capture and storage

The Danish Energy Agency has launched the tendering procedure for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion ($4.2 billion) available for interested parties to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, trans

about 1 year ago
ESL Shipping orders methanol-powered bulker quartet to serve Nordic green transition
Vessels

ESL Shipping orders methanol-powered bulker quartet to serve Nordic green transition

Finland shipowner ESL Shipping has placed an order for four new methanol-fueled bulk carriers at China Merchants Jinling Shipyard (Nanjing).

about 1 year ago
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