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Fujian Mawei starts construction on COSCO Shipping’s LNG-fueled RoRo ship
Business Developments & Projects

Fujian Mawei starts construction on COSCO Shipping’s LNG-fueled RoRo ship

China’s shipbuilder Fujian Mawei Shipbuilding has held a steel-cutting ceremony for the first roll-on/roll-off (RoRo) ship powered by liquefied natural gas (LNG) that is being built for COSCO Shipping.

about 3 years ago
Ocean thermal energy to power desalination plant in India
Business Developments & Projects

Ocean thermal energy to power desalination plant in India

Indian National Institute of Ocean Technology (NIOT), a research and development institute under the Ministry of Earth Sciences (MoES), is developing an ocean thermal energy conversion (OTEC) desalination plant in southwest India.

about 3 years ago
EIB joins IH2A, backs hydrogen projects in India
Business Developments & Projects

EIB joins IH2A, backs hydrogen projects in India

European Investment Bank (EIB), the bank of the European Union (EU), has signed a Memorandum of Understanding (MoU) to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects across India with indicative funding of €1 billion, subject to the Indi

about 3 years ago
Chevron allocates $26 million for Australian CCS research projects
Business Developments & Projects

Chevron allocates $26 million for Australian CCS research projects

Chevron Australia, an affiliate of US-based energy giant Chevron, has committed a combined A$38 million (around US$26.5 million) to contribute to carbon capture and storage (CCS) research projects in Western Australia and Victoria. The contribution aims to advance knowledge of the critical emissions

about 3 years ago
Boluda Towage
Business Developments & Projects

Boluda Towage steers toward global leadership with Smit Lamnalco acquisition

Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric

about 3 years ago
CMA CGM, La Poste team up on sustainable logistics
Business Developments & Projects

CMA CGM, La Poste team up on sustainable logistics

La Poste’s subsidiary GeoPost and a subsidiary of French shipping giant CMA CGM Group, CEVA Logistics, have inked a Memorandum of Understanding (MoU) to establish a closer business relationship and work on sustainable logistics.

about 3 years ago
Svitzer
Business Developments & Projects

Svitzer appoints its 1st Global head of green ports

Global towage operator Svitzer, a part of A.P. Moller-Maersk, has appointed Australia Chief Commercial Officer Ivan Spanjic as Global Head of Green Ports. The company created the role recently to focus on unlocking value for partners across the marine supply chain, as the demand for green ports and

about 3 years ago
An image mapping next offshore wind areas to be tendered in the Netherlands
Business Developments & Projects

RVO issues Nederwiek Zuid integrated ground model tender

The Netherlands Enterprise Agency (RVO) has issued a tender for the development of an integrated ground model (IGM) for the 2 GW Nederwiek Zuid Wind Farm Zone (NWWFZ). The objective of this tender is to conclude an agreement with a tenderer who is able to develop an IGM and a Geotechnical Interpreta

about 3 years ago
Gasum starts building new biogas plant in Sweden
Business Developments & Projects

Gasum starts building new biogas plant in Sweden

With final construction permits in place, Nordic energy company Gasum is starting the construction work on its latest biogas plant in Götene, Sweden, as the first in a line of strategic investments into increasing biogas availability. According to Gasum, the new plant will be producing 120 gigawatt

about 3 years ago
Stockholders endorse Talos-EnVen merger
Business Developments & Projects

Stockholders endorse Talos-EnVen merger

Houston-based oil and gas company Talos Energy has received stockholder approval for the acquisition of EnVen Energy Corporation, a private operator in the deepwater U.S. Gulf of Mexico. The deal is expected to double Talos’ operated deepwater facility footprint. Talos Energy announced on 8 February

about 3 years ago
Finland adopts hydrogen resolution
Business Developments & Projects

Finland adopts hydrogen resolution

Finland’s government has adopted a resolution on hydrogen in which it describes the countries’ objectives regarding hydrogen and the measures to promote them. According to the government, Finland’s goal is to become the European leader in the hydrogen economy in the entire value chain, and it has th

about 3 years ago
Eco Adriatica GG5G ship (Courtesy of Grimaldi Group)
Business Developments & Projects

Grimaldi buys stake in Port of Amsterdam terminal

Italian shipping company, Grimaldi Group, through its subsidiary Amsterdam Multipurpose Terminal (AMT, has gained strategies assets and a 20-year concession within the Port of Amsterdam.

about 3 years ago
WISAMO
Business Developments & Projects

WISAMO wing sail system wins DNV approval

Classification society DNV has awarded an Approval in Principle (AiP) to Michelin for their WISAMO wing sail system. DNV said that this was the first AiP to have been awarded to an inflatable wing sail design. The wing prototype with a surface area of 100 sqm is being installed on Compagnie Maritime

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

New oil discovery in North Sea ‘not profitable’ at this moment in time

Norwegian oil and gas player Aker BP has made a new oil discovery in the North Sea off Norway, using a Saipem-owned rig.

about 3 years ago
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