Swedish ferry and port operator Stena Line has signed a significant deal with UK port operator Peel Ports Group to operate from Heysham Port for the next 77 years until 2100.
While Yemen’s Huthis intensify their attacks on vessels in the Red Sea, multiple nations bond together to tackle these security concerns.
A consortium led by Harim Group, the parent company of bulker operator Pan Ocean, has secured its position as the preferred bidder for the acquisition of South Korean shipping company HMM, Harim confirmed earlier today in a regulatory filing. The consortium, comprising Harim and its private equity p
Subsea7 has secured an extension of the existing frame agreement with UK energy giant BP for subsea construction, inspection, repair and maintenance services (IRM), for assets in the North Sea. Under the terms of the two-year extension to the end of 2025, Subsea7 will provide an IRM, survey and ligh
South Korean shipbuilder Samsung Heavy Industries (SHI) has received a court order to pay KRW 378 billion (about $290 million) to compatriot SK Shipping due to defects in the cargo holds of two liquefied natural gas (LNG) carriers.
The European Investment Bank (EIB) has confirmed an additional German contribution to the Green Hydrogen Fund, enabling the fund to broaden its scope and supporting the international ramp-up of the hydrogen economy. The Green Hydrogen Fund, established in 2021 and implemented by EIB, will now provid
Noble Corporation has won a contract extension for one of its jack-up rigs with Harbour Energy for operations in the UK part of the North Sea.
Norwegian seismic company PGS has reflagged the entire fleet of owned vessels to Norway, a move said to have the global geopolitical situation as a driving factor. The reflagging of the Ramform Tethys on December 5 marked the completion of the initiative to bring the entire PGS fleet of owned vessel
UK-based shipping company Zodiac Maritime has teamed up with Lloyd’s Register (LR), South Korean shipbuilder HD KSOE and power plant design and engineering company KEPCO E&C in a joint development project for the research and development of nuclear-propelled ship designs. The companies have signed a
Recom Technologies and Derex have developed the first floating solar power station in Latvia. With a capacity of 2.1 MW, the floating station is situated on the water’s surface using floating pontoons and will provide the necessary energy for the full operation of the wastewater treatment plant ‘Slo
Abu Dhabi-headquartered energy company Mubadala Energy has made a significant gas discovery offshore North Sumatra, Indonesia.
Australia’s Port Authority of New South Wales has joined the Blue Visby Consortium, a multilateral platform that aims to reduce international shipping carbon emissions by potentially 15 percent.
MODEC and Terra Drone Corporation received the world’s first approval from ABS for a drone-based FPSO hull thickness measurement.
With a focus on transforming the Cooper Basin into a decarbonization and low-carbon fuels hub, Australian energy giant Santos has signed multiple agreements with Japanese companies. Following the passage of legislation through the Australian parliament to facilitate the cross-border transfer of CO2,
