South Korea’s defense and energy conglomerate Hanwha Group will proceed with the acquisition of a majority stake in the compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). The duo signed a tentative takeover deal in September that would see Hanwha Group acquire a 49.3 percent sta
MAN PrimeServ, an after-sales division of MAN Energy Solutions (MAN ES), has signed a contract to retrofit two liquefied petroleum gas (LPG) carriers for the Chinese liquefied gas carrier operator Tianjin Southwest Maritime Ltd. As informed, the COSCO Shipping Heavy Industry (Guangdong) yard will ho
The commissioning of the Baltic Pipe receiving terminal in western Denmark is set to be further postponed due to continued technical challenges. The receiving terminal for gas from the Norwegian Europipe II pipeline was initially planned to be commissioned on 8 October but was postponed to 20 Octobe
Chinese shipbuilder Nantong COSCO Khi Ship Engineering (NACKS) has secured approval in principle for its ammonia-powered containership design from the UK-based classification society Lloyd’s Register. The 16,000 TEU ammonia-fueled container ship has been jointly developed by LR, NACKS and Hudong Hea
European Commission (EC) has proposed a new emergency regulation to address high gas prices in the European Union (EU) and ensure the security of supply this winter. On 18 October, the EC made additional proposals to fight the energy crisis through joint gas purchasing, price limiting mechanisms on
M.A.R.S. has been awarded a major EU Green Recycling contract for Teekay’s Petrojarl Foinaven FPSO.
The Australian, Tasmanian and Victorian governments have reached a funding agreement to build the 1,500 MW bi-directional Marinus Link interconnector between Victoria and Tasmania. The Australian government funding is part of the $20 billion Rewiring the Nation plan to transform the country’s electr
Croatian shipping company Jadroplov has signed a contract with Swiss company Irus Holding to buy a liquefied petroleum gas (LPG) transport ship for just over $25 million.
The US Department of Energy (DOE) has announced $35 million in funding to advance river current and tidal energy systems, the largest ever made for these renewable energy technologies in the United States so far.
French LNG containment specialist GTT has received two orders from Chinese shipyards for tank designs of three new liquefied natural gas (LNG) carriers. The first order came from the Chinese shipyard Jiangnan, on behalf of an international shipowner, for one LNG carrier. The second order was placed
Japanese shipping major NYK has reached a basic agreement to invest in PT Pertamina International Shipping (PIS), a shipping subsidiary of Indonesia’s state-owned oil and gas company PT Pertamina (Persero). The duo plans to conclude an investment agreement and complete the investment by the end of 2
Solstad Offshore has secured a new five-year contract for one of its platform supply vessels (PSVs) with TotalEnergies in the North Sea.
Seaspan Corporation, a Hong Kong-based owner and operator of container vessels, has launched ZIM Sammy Ofer, the first in a series of ten 15,000 TEU liquefied natural gas (LNG) dual-fuel containerships ordered back in 2021. According to the company’s social media update, the ship was launched in Geo
Solstad Offshore has won a contract for the subsea construction vessel (CSV) Normand Baltic, as well as a contract extension for CSV Normand Navigator within the renewables sector. The contracts are for renewable energy projects in North Europe and Asia and represent a combined firm utilization of 3
