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corridor
Business Developments & Projects

Singapore-LA-LB green shipping corridor has vast decarbonization potential, study finds

One year after the signing of the memorandum of understanding (MoU) to establish a Green and Digital Shipping Corridor (GDSC), the Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach have completed a comprehensive baselining study. As informed, the study foreca

about 2 years ago
Bourne Tidal Test Site test structure (Courtesy of MRECo)
Business Developments & Projects

Tidal test site in Massachusetts first in US to receive federal license

The BTTS stands as the sole tidal test site in the U.S. to attain this license. With this license, the turbines can directly feed renewable electricity into the grid.

about 2 years ago
Equinor and Nexans extend long-term relationship with four-year agreement
Business Developments & Projects

Equinor and Nexans extend long-term relationship with four-year agreement

Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that

about 2 years ago
SBM Offshore's Fast4Ward FPSO design; Source: SBM Offshore
Business Developments & Projects

SBM Offshore gets its hands on $250 million FPSO construction loan

Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.

about 2 years ago
Yang Ming wraps up inaugural biofuel bunkering in Shenzhen with Banle Energy’s assistance
Business Developments & Projects

Yang Ming wraps up inaugural biofuel bunkering in Shenzhen with Banle Energy’s assistance

Yang Ming has completed its inaugural B24 biofuel bunkering supply in Shenzhen, China, with support from Banle Energy.

about 2 years ago
Shift plans new marine battery production facility in Johor to electrify ASEAN maritime industry
Business Developments & Projects

Shift plans new marine battery production facility in Johor to electrify ASEAN maritime industry

Shift and JLand Group (JLG) have signed an MoU to evaluate the establishment of a marine battery production facility in Johor.

about 2 years ago
Marsa LNG (illustration); Source: Technip Energies
Business Developments & Projects

TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub

TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.

about 2 years ago
Romania's Hidroelectrica and UAE's Masdar forge ties for floating solar projects. Source: Sebastian Burduja's Facebook
Business Developments & Projects

Romania’s Hidroelectrica and UAE’s Masdar forge ties for floating solar projects, eye offshore wind

The collaboration may be extended for another three years if the joint venture meets certain conditions during the initial three-year period, as proposed by the joint venture and approved by the board for the final investment decision (FID) phase.

about 2 years ago
JGC looking to boost competitiveness in hydrogen, ammonia and CCUS fields
Business Developments & Projects

JGC looking to boost competitiveness in hydrogen, ammonia and CCUS fields

JGC Holdings has decided to invest in AP Ventures Fund III to enhance its competitiveness in the exploration of technologies in the fields of hydrogen, ammonia and CCUS.

about 2 years ago
Eureka
Business Developments & Projects

New biofuel-capable cement carrier to join Eureka Shipping next year

Eureka Shipping, a cement carrier services provider jointly owned by Cyprus-based SMT Shipping and Canada’s CSL Group, is building a biofuel-capable, shore power-ready mechanical/pneumatic cement ship.

about 2 years ago
Korean firm gets financial support for US subsea cable factory
Business Developments & Projects

Korean firm gets $99 million boost for US subsea cable factory

South Korean cable manufacturer LS Cable & System has received financial support from the U.S. Department of Energy (DOE) for its high-voltage submarine power cable factory in the U.S. LS GreenLink USA, a wholly-owned subsidiary of LS C&S, plans to build a manufacturing facility to produce high-volt

about 2 years ago
AET brings in Singfar’s LNG dual-fuel Aframax duo on long-term charter
Business Developments & Projects

AET brings in Singfar’s LNG dual-fuel Aframax duo on long-term charter

AET, a petroleum arm of MISC, is advancing its fleet rejuvenation efforts with a new long-term charter for two LNG dual-fuel Aframaxes.

about 2 years ago
FPSO Voyageur Spirit; Source: KPL
Business Developments & Projects

Norwegian firm hands over piece of equipment for Africa-bound FPSO ahead of deadline

Techouse has wrapped up its scope of work for a cylindrical FPSO with the delivery of a new sulphate removal unit (SRU).

about 2 years ago
ABS, US DOE team up on decarbonization of maritime operations
Business Developments & Projects

ABS, US DOE team up on decarbonization of maritime operations

Classification society ABS and the U.S. Department of Energy (DOE) have signed a Memorandum of Understanding (MoU) to collaborate on clean energy development in the maritime domain and decarbonization of maritime operations.

about 2 years ago
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