On April 25, the European Parliament approved the Net-Zero industry Act to bolster EU production in technologies needed for decarbonization.
Denmark-based shipping company MH Simonsen has placed an order for eight hybrid-electric methanol dual-fuel chemical tankers at China’s Jiangxi New Jiangzhou Shipbuilding.
As its current CFO steps down from the role, Norway’s Aker Carbon Capture has appointed an interim CFO, who will take the reins in 2Q 2024.
ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.
Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.
UK-based midstream LNG & BioLNG company Avenir LNG has entered into a shipbuilding contract with China’s Nantong CIMC Sinopacific Offshore & Engineering (SOE) in China, a subsidiary of CIMC Enric, for two 20,000 cbm LNG bunker & supply vessels.
Greece-based Asso.subsea has completed the cable installation, burial, and protection operations for the Provence Grand Large floating offshore wind project in France. The Provence Grand Large floating offshore wind project is located 17 kilometers off the coast in the Mediterranean Sea, on a 100-me
Norwegian shipping company MPC Container Ships (MPCC) has signed a $55 million pre- and post-delivery ECA-covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings.
RWE and Abu Dhabi-based Masdar have appointed Dutch geo-data specialist company, Fugro, to carry out geotechnical seabed surveys at the Dogger Bank South (DBS) offshore wind project sites in the UK. Located over 100 kilometers off the northeastern coast of England, the DBS offshore wind farm will be
France-based shipping major CMA CGM and public sector investment bank Bpifrance have launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry.
The EU is one step closer to pulling out of the Energy Charter Treaty (ECT), as there is no end in sight for the stalemate over revamping its terms.
German container shipping giant Hapag-Lloyd has decided to adopt IQAX eBL to issue electronic bills of lading (eBL) over Global Shipping Business Network’s (GSBN) infrastructure.
Mitsubishi Heavy Industries (MHI) has commenced the operation of a test module of the solid oxide electrolysis cell (SOEC) at Takasago Hydrogen Park.
Finnish technology group Wärtsilä has been contracted to provide methanol-fueled auxiliary engines for twelve new 24,000 TEU containerships owned by Chinese shipping companies COSCO Shipping Lines and Orient Overseas Container Line (OOCL).
