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NYK
Innovation

NYK to debut eco-friendly restaurant ship with hybrid propulsion by 2027

Japan’s shipping heavyweight Nippon Yusen Kabushiki Kaisha (NYK) has signed a contract with compatriot Maehata Shipbuilding Corporation to construct a new hybrid electric restaurant ship, underscoring the company’s focus on sustainable maritime operations. As disclosed, the ship is scheduled for com

about 1 year ago
Unifeeder’s energy-efficient containership duo named in China
Vessels

Unifeeder’s energy-efficient containership duo named in China

Short-sea operator Unifeeder, a part of UAE-base logistics giant DP World, has named two energy-efficient containerships at a ceremony held at Changhong shipyard in Zhoushan, China.

about 1 year ago
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.
Business & Finance

Subsea data provider joins upcoming SeaRAY ocean energy system demonstration

U.S.-based Tiburon Subsea, a subsea data collection and delivery provider, has joined fellow U.S. marine energy company C-Power’s partner engagement and co-development (PEC) program to handle subsea data collection for the upcoming SeaRAY ocean energy system demonstration. The two companies will col

about 1 year ago
ABS gives green light to SHI’s new ammonia FPSO design
Business Developments & Projects

ABS gives green light to SHI’s new ammonia FPSO design

Classification society ABS has approved a new design of an ammonia floating production storage and offloading (FPSO) unit developed by South Korean shipbuilder Samsung Heavy Industries (SHI). Having completed design reviews on the topside process, interface system, and layout based on class and stat

about 1 year ago
A floating, production, storage and offloading unit
Business & Finance

Brazil sees monthly increase in oil & gas production, with lion’s share coming from Petrobras’ offshore fields

The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has published its monthly oil and natural gas production bulletin for August 2024, comprising consolidated data on national production.

about 1 year ago
REGENT
Infrastructure

REGENT: New phase in seaglider prototype development kicks off

REGENT Craft, a US manufacturer of all-electric seagliders, has begun hardware and systems integration of its full-scale seaglider prototype, a key step forward in the company’s journey to revolutionize regional coastal mobility.

about 1 year ago
Norwegian energy giant hires compatriot firm for subsurface support
Business & Finance

Norwegian energy giant hires compatriot firm for subsurface support

Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l

about 1 year ago
Arkas Bunker debuts Türkiye’s first biofuel refueling
Ports & Logistics

Arkas Bunker debuts Türkiye’s first biofuel refueling

Fuel supplier Arkas Bunker has started the use of biofuel for the first time in the Turkish maritime sector by supplying Arkas Line’s containership Matilde A with Bio24F.

about 1 year ago
Laguna Star drillship; Source: Constellation
Business & Finance

As drillship gets ready for its Brazilian gig with Petrobras, $500 million lands on Hanwha Drilling’s backlog

Hanwha Drilling, part of South Korea’s Hanwha Group, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work at the coast of Brazil for the South American country’s energy giant Petrobras.

about 1 year ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Business & Finance

TotalEnergies greenlights ‘historic’ $10.5 billion oil project, enabling new dawn to break over Suriname’s economy (Video)

TotalEnergies has kept its word by reaching a final investment decision (FID) for a giant oil project in Block 58 off the coast of Suriname before the year-end, as promised. With the construction and installation phases estimated to take approximately four years, the first oil is anticipated in 2028

about 1 year ago
onboard
Carbon Capture Usage & Storage

ClassNK: Practical operation of onboard CCS is significant for maritime decarbonization goals

The practical operation of the onboard carbon capture system (OCCS) installed earlier this year on Evergreen’s Neopanamax containership opens the door for a wider use, representing an important step for the maritime industry to achieve net-zero greenhouse gas (GHG) emissions, Japanese classification

about 1 year ago
Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing
Business & Finance

Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing

In a major strategic realignment, UK-based midstream LNG & BioLNG company Avenir LNG has revealed its intent to divest from the HIGAS LNG storage terminal in Sardinia, Italy, as part of a shift to ‘exclusively’ focus on providing ‘efficient and sustainable’ small-scale liquefied natural gas (LNG) su

about 1 year ago
EU and Uruguay to strengthen energy cooperation, hydrogen in focus
Authorities & Government

EU and Uruguay to strengthen energy cooperation, hydrogen in focus

To deepen the bilateral energy cooperation between the European Union (EU) and Uruguay, Commissioner for Energy Kadri Simson has visited the South American country.

about 1 year ago
Two large vessels at sea surrounded by four smaller ones
Business & Finance

First LNG cargo from floating terminal offshore Mexico sets sail for Europe (Video)

U.S. energy infrastructure player New Fortress Energy (NFE) has reached another milestone at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico with first full cargo and sail away.

about 1 year ago
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