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Liebherr: Future wind farms might be installed from office
Business Developments & Projects

Liebherr: Future wind farms might be installed from office

At this year’s Offshore Energy Conference and Exhibition (OEEC) in Amsterdam, Armin Seidel, Area Sales Manager Heavy Lift Ship and Offshore Cranes from Liebherr, talked about the company’s achievements throughout the years, as well as the future of crane development in the offshore wind realm.

about 2 years ago
Höegh Autoliners taps VARO for biofuels supply
Business & Finance

Höegh Autoliners taps VARO for biofuels supply

Ocean transportation solutions provider Höegh Autoliners and Swiss energy company VARO have formed a strategic partnership focused on the use of biofuels to advance the decarbonization of the maritime sector. The collaboration will see VARO supply Höegh Autoliners with 100% advanced biofuels for dee

about 2 years ago
ABS, GRSE, Shift Clean Energy and Seatech to develop electric tugs
Business Developments & Projects

ABS, GRSE, Shift Clean Energy and Seatech to develop electric tugs

Classification society ABS has joined hands with Garden Reach Shipbuilders and Engineers (GRSE), Seatech Solutions International and Shift Clean Energy to work on the development of electric tugboats for the Indian market.

about 2 years ago
FPSO Alvheim; Source: Aker BP
Business & Finance

With oil spill all sorted out, Aker BP’s North Sea field back online after unplanned downtime

Aker BP has restored production at a field located in the central part of the North Sea, close to the British sector.

about 2 years ago
Stena Line
Business Developments & Projects

Stena Line inks major deal to operate at Heysham Port until 2100

Swedish ferry and port operator Stena Line has signed a significant deal with UK port operator Peel Ports Group to operate from Heysham Port for the next 77 years until 2100.

about 2 years ago
Illustration; Source: Maersk
Authorities & Government

With Red Sea ensnared in security woes, ten nations come together to untangle it, after BP pumps the brakes on oil & gas trade

While Yemen’s Huthis intensify their attacks on vessels in the Red Sea, multiple nations bond together to tackle these security concerns.

about 2 years ago
HMM
Business & Finance

Harim emerges as HMM’s preferred bidder

A consortium led by Harim Group, the parent company of bulker operator Pan Ocean, has secured its position as the preferred bidder for the acquisition of South Korean shipping company HMM, Harim confirmed earlier today in a regulatory filing. The consortium, comprising Harim and its private equity p

about 2 years ago
BP and Subsea7 extend agreement from 1998
Business & Finance

BP and Subsea7 extend agreement from 1998

Subsea7 has secured an extension of the existing frame agreement with UK energy giant BP for subsea construction, inspection, repair and maintenance services (IRM), for assets in the North Sea. Under the terms of the two-year extension to the end of 2025, Subsea7 will provide an IRM, survey and ligh

about 2 years ago
SHI
Authorities & Government

Samsung Heavy ordered to pay $290 million to SK Shipping over LNG carrier defects

South Korean shipbuilder Samsung Heavy Industries (SHI) has received a court order to pay KRW 378 billion (about $290 million) to compatriot SK Shipping due to defects in the cargo holds of two liquefied natural gas (LNG) carriers.

about 2 years ago
European Investment Bank and Germany ally to replenish Green Hydrogen Fund
Business & Finance

European Investment Bank and Germany ally to replenish Green Hydrogen Fund

The European Investment Bank (EIB) has confirmed an additional German contribution to the Green Hydrogen Fund, enabling the fund to broaden its scope and supporting the international ramp-up of the hydrogen economy. The Green Hydrogen Fund, established in 2021 and implemented by EIB, will now provid

about 2 years ago
Noble Intrepid jack-up rig; Source; Noble Corporation
Business & Finance

North Sea assignment lengthened for another Noble jack-up rig

Noble Corporation has won a contract extension for one of its jack-up rigs with Harbour Energy for operations in the UK part of the North Sea.

about 2 years ago
Norwegian firm reflags whole fleet of owned vessels to Norway
Business & Finance

Norwegian firm reflags whole fleet of owned vessels to Norway

Norwegian seismic company PGS has reflagged the entire fleet of owned vessels to Norway, a move said to have the global geopolitical situation as a driving factor. The reflagging of the Ramform Tethys on December 5 marked the completion of the initiative to bring the entire PGS fleet of owned vessel

about 2 years ago
LR nuclear propulsion
Business Developments & Projects

Zodiac Maritime, HD KSOE & partners team up on nuclear propulsion

UK-based shipping company Zodiac Maritime has teamed up with Lloyd’s Register (LR), South Korean shipbuilder HD KSOE and power plant design and engineering company KEPCO E&C in a joint development project for the research and development of nuclear-propelled ship designs. The companies have signed a

about 2 years ago
Wastewater plant to run on floating solar power
Business Developments & Projects

Wastewater plant to run on floating solar power

Recom Technologies and Derex have developed the first floating solar power station in Latvia. With a capacity of 2.1 MW, the floating station is situated on the water’s surface using floating pontoons and will provide the necessary energy for the full operation of the wastewater treatment plant ‘Slo

about 2 years ago
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