In new research “France’s LNG Paradox,” the Institute for Energy Economics and Financial Analysis (IEEFA) has reported that France risks unnecessary investments in new liquified natural gas (LNG) infrastructure as the utilization rates of existing terminals decline and gas use falls. IEEFA noted tha
Greek shipowner Spring Marine has selected UK tech provider SulNOx to supply its products to cut fuel consumption and carbon emissions.
Maritime fuel supplier Peninsula has won an LNG bunkering operator license from the Government of Gibraltar and the Gibraltar Port Authority. The company recently sent its new 12,500 cubic meters LNG supply vessel, Levante LNG, to the Strait of Gibraltar. Levante LNG will be operated by Peninsula, s
Turan Drilling & Engineering has secured a long-term contract extension worth $300 million for work on eight platforms off Azerbaijan.
The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c
Japanese shipping company MOL and PT MCS Internasional (PT MCSI)) have established PT McMOL Crewing International, a new joint-venture LNG carrier manning company in Indonesia.
Norwegian subsea services provider DeepOcean and oil and gas player Aker BP have entered into an agreement to “pioneer” the use of an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work. According to DeepOcean, the USV solution can reduce CO2 emissions w
China Classification Society’s (CCS) Zhejiang Branch has issued the first type approval certificate of ship cyber security firewall to Supcon Ocean Technology (Zhejiang) Co.
An anchor handling tug supply (AHTS) vessel has been awarded a long-term contract with an undisclosed oil company for work outside Australia.
South Korean shipbuilding major Samsung Heavy Industries (SHI) has secured an order for the construction of a liquefied natural gas (LNG) carrier. The contract, which is valued at a staggering KRW 350.8 billion ($260 million), was awarded by an unnamed Asian shipowner. The vessel is expected to be c
While current impacts are bound to be limited, a further spike along with a disruption of oil supplies are believed to be on the cards if Iran joins the fray.
A 210,000-ton LNG dual-fuel bulk carrier built by Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has completed sea testing. CSSC said that during the trial, the shipowner, ship inspector, shipyard and service providers worked together, made arrangements, coordinate
Italian shipbuilder Fincantieri has signed a contract for the construction of liquified natural gas (LNG) dual-fuel RoPax ferry for Sicilian Region.
Greek shipping magnate Evangelos Marinakis, alongside his son Miltiadis and private company Capital Maritime & Trading, has revealed plans to propose a significant shift in the business focus of New York-listed shipowner Capital Product Partners. The proposal, disclosed in a filing with the U.S. Sec
