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Business Developments & Projects

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Estonian State Fleet
Business Developments & Projects

Hydrogen fuel-cell ferry wins LR’s AIP

The Estonian State Fleet has won Approval in Principle (AIP) from Lloyd’s Register (LR) for a hydrogen fuel-cell ferry designed by Finnish ship design and engineering company Deltamarin. As part of the certification, LR approved the current stage of the design process to be suitable for further desi

about 2 years ago
Northern Lights
Business Developments & Projects

K Line to manage Northern Lights’ 3rd LCO2 carrier

Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery

about 2 years ago
Green light for Italy's €1.3 billion, 1 GW submarine power line
Business Developments & Projects

Green light for Italy’s €1.3 billion, 1 GW submarine power line

Italy’s Ministry of Environment and Energy Security has given its approval for the Adriatic Link submarine power line, set to facilitate the integration of renewable sources and support energy transition goals in Italy. The Italian Ministry of Environment and Energy Security authorized, through a de

about 2 years ago
Morten Haug Emilsen, Manager for Well Control at AGR.
Business Developments & Projects

Vår Energi awards Norwegian firm with long-term well control contract

Norwegian energy services company AGR has secured a long-term contract for the provision of blowout and well control studies and associated services to Vår Energi’s activities on the Norwegian continental shelf (NCS). Under the framework agreement, AGR is set to provide services within blowout conti

about 2 years ago
US company boosts survey capabilities on West Coast
Business Developments & Projects

US company boosts survey capabilities on West Coast

International marine environmental consulting and survey company CSA Ocean Sciences has been granted a non-exclusive General Offshore Geophysical Survey permit which allows it to conduct low-energy marine surveys within a three-mile zone from the mean high tide line along California’s coast. The per

about 2 years ago
Core Power
Business Developments & Projects

KSOE bolstering efforts on nuclear propulsion for ships

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (KSOE), a sub-holdings company of HD Hyundai, has entered into a cooperation deal with prominent nuclear power companies Core Power and TerraPower to develop nuclear power for ships. The move is being announced following a

about 2 years ago
RABN
Business Developments & Projects

RABN picks Econowind system for Odda Marie

Finland-based shipping company RABN – Rederi Ab Nathalie has decided to equip its general cargo ship Odda Marie with a wind-assisted propulsion system and a shore power system.

about 2 years ago
Höegh LNG settles disputes with charterer of PGN FSRU Lampung
Business Developments & Projects

Höegh LNG settles disputes with charterer of PGN FSRU Lampung

Bermuda-based owner and operator of LNG carriers and FSRUs Höegh LNG has provided an update stating that the previously disclosed disputes and pending arbitrations with the charterer of PGN FSRU Lambung, which is serving Pertamina’s Perusahaan Gas Negara (PGN) off Indonesia, have been settled. In a

about 2 years ago
Aras Driller jack-up rig; Source: Ocean Oilfield
Business Developments & Projects

1979-built jack-up rig wraps up its assignment off UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of a plug & abandonment program, which one of its jack-up rigs carried out at an offshore field in the UAE for Atlantis (UAQ) Limited.

about 2 years ago
MSC
Business Developments & Projects

Quadrise readies for MSAR and bioMSAR fuel trials, eyes commercial supply

UK-headquartered Quadrise has signed a collaboration agreement with renewable biofuels supplier Cargill NV and MAC2 Solutions, part of Group Machiels, concerning the production of MSAR and bioMSAR fuels for its forthcoming marine vessel trials. Upon completion of trials, Quadrise aims to commence co

about 2 years ago
Shearwater GeoServices goes to India
Business Developments & Projects

Shearwater GeoServices goes to India

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has appointed Norway’s Shearwater GeoServices to deliver an ocean bottom node (OBN) survey off the coast of India. According to Shearwater, the venture will showcase its Pearl node technology aboard the SW Tasman, a vessel

about 2 years ago
GEFO
Business Developments & Projects

GEFO orders ten stainless steel chemical tankers in China

Germany-based family-owned shipping company GEFO has decided to invest ‘a three-digit million amount’ in ten new 3,850 dwt tankers.

about 2 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business Developments & Projects

International offshore rig count activity gets a boost in January

Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.

about 2 years ago
Arsenio Dominguez IMO
Business Developments & Projects

IMO’s decarbonization focus tested amid escalating Red Sea tensions

Following a major step to create a regulatory framework for the full decarbonization of the maritime industry with the adoption of a revised Greenhouse Gas (GHG) strategy in July last year and alignment with the objectives of the Pairs Agreement on curbing global warming, the International Maritime

about 2 years ago
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