Neptune Energy has revealed a new gas discovery at an offshore prospect and confirmed the volumes for an appraisal well in the North Sea.
Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi
Italian company Remacut, part of NOV, has won a contract with Nexans to deliver the cable-lay equipment for the company’s new cable-lay vessel (CLV). Building on its predecessor, the CLV Nexans Aurora, the newly constructed vessel will incorporate a 3,500-ton underdeck carousel to complement the 10,
Japanese shipping major NYK Line has teamed up with compatriot shipbuilders Namura Shipbuilding Co. and Sasebo Heavy Industries Co. to replace the main propulsion on steam turbine–driven Moss-type LNG carriers. In October 2023, NYK was granted Approval in Principle (AiP) from the Japanese classifica
South Korean producer of electric and hydrogen hybrid propulsion systems Vinssen has tested and delivered a hydrogen fuel cell system for a trial project that aims to test hydrogen as a marine fuel. In order to deliver the system, Vinssen collaborated with Shell Singapore as the project sponsor, Sea
Northern Ocean is on the lookout for further assignments for a semi-submersible rig, which is expected to finish its work with Shell in the summer next year.
Italian shipbuilder Fincantieri has celebrated the beginning of construction of the second LNG-powered Sphere Class cruise ship ordered by the US-based cruise line Princess Cruises, part of Carnival Corporation. The keel laying ceremony for the Star Princess took place in Monfalcone, Italy, on Decem
As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels.
Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?
Dutch bank ABN AMRO is investing in the Clean Hydrogen Equipment Fund, managed by Hy24, a clean hydrogen investment fund committed to scaling up the global hydrogen economy. This is said to be the second climate-related fund investment taken on by ABN AMRO Corporate Investments and fits with the ban
The Northern Lights Joint Venture and SLB have signed a memorandum of understanding (MoU) with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS). In the i
The cost of the European Union’s (EU) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions, according to the forecasts from International Transport Intermediaries Club (ITIC). The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute l
German container shipping company Hapag-Lloyd is eyeing a potential 4,500 TEU newbuilding vessel with wind-assisted propulsion as part of the company’s R&D activities involving alternative technologies and fuels.
China’s Dalian Shipbuilding Industry Company (DSIC) is pressing on with the construction of 175,000 cubic meter LNG carriers ordered by compatriot China Merchants Energy Shipping (CMES). On December 8, DSIC said it had held a keel laying ceremony for the first ship in the joint project with CMES and
