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WATCH: Peninsula puts new LNG bunker vessel to work in the Mediterranean
Business Developments & Projects

WATCH: Peninsula puts new LNG bunker vessel to work in the Mediterranean

Maritime fuel supplier Peninsula has marked the beginning of the operation of its newest LNG supply vessel Levante LNG in the Mediterranean. The 12,500 cubic meter vessel arrived at the Mediterranean at the end of September and is now fully operational in the Strait of Gibraltar and Western Mediterr

about 2 years ago
Valaris 121 rig; Source: Valaris
Business Developments & Projects

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates.

about 2 years ago
Seaports
Business Developments & Projects

ZDS: German seaports are well-positioned to be carbon management hubs

German seaports believe they are well-positioned to be used as hubs for carbon management as part of the energy transition and a CO2 circular economy. However, they demand ‘a clear commitment’ from the federal government.

about 2 years ago
Wallenius Wilhelmsen
Business Developments & Projects

MAN to power Wallenius Wilhelmsen’s methanol dual-fuel car carriers

Norwegian shipping and logistic company Wallenius Wilhelmsen has ordered four methanol dual-fuel marine engines from German engine manufacturer MAN Energy Solutions. The engines are intended for the recently confirmed four 9,300 car equivalent unit (CEU) car carriers that will be built in China at t

about 2 years ago
Haugaland Næringspark in Gismarvik in Norway (Courtesy of Sunlit Sea)
Business Developments & Projects

Norwegian companies join forces for floating solar and EV charging

Sunlit Sea, in collaboration with Endra and Ev Powercharge, has been granted support to test a floating solar installation that will feature fast electric vehicle charging in Norway.

about 2 years ago
NEOM green H2 project gains ground with arrival of 1st major equipment
Business Developments & Projects

NEOM green H2 project gains ground with arrival of 1st major equipment

NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has reached a milestone in the construction and development of the NEOM green hydrogen plant, by receiving its first delivery of wind turbines at the Port of NEOM in Northwest Saudi Arabia. NEOM said th

about 2 years ago
Illustration; Source: Halliburton
Business Developments & Projects

Halliburton and Oil States Industries bringing ‘innovative’ deepwater managed pressure drilling solutions to life

Halliburton has joined forces with Oil States Industries to provide operators with deepwater MPD equipment, control systems, and services.

about 2 years ago
MSC Cruises’ third LNG-powered ship hits construction milestone
Business Developments & Projects

MSC Cruises’ third LNG-powered ship hits construction milestone

MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has reached a new milestone in the construction of its third LNG-fueled cruise ship, MSC World America. MSC World America, which is currently being built by Chantiers de l’Atlantique, was fitted with LNG tanks, the cruise company sh

about 2 years ago
ONE Readiness
Business Developments & Projects

Shanghai Waigaoqiao outpaces yearly production goals with ONE Readiness delivery

In a double feat for Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corporation, the shipyard celebrated the delivery and naming of Seaspan Corporation’s two 7,000 TEU container ships. The first ship in the 7,000 TEU series, named ONE Readiness, was officially delivered a

about 2 years ago
AD Ports buys 10 vessels in $200 million deal
Business Developments & Projects

AD Ports buys 10 vessels for $200 million

UAE-based AD Ports Group has acquired ten vessels for around $200 million, representing a circa 20% increase in offshore and subsea capacity for the company’s Middle East and Southeast Asia operations. The vessels, bought from offshore supply vessel owner and operator E-NAV, are said to make a well-

about 2 years ago
SCI, Wärtsilä to explore converting vessels to run on green methanol
Business Developments & Projects

SCI, Wärtsilä to explore converting vessels to run on green methanol

Finnish technology group Wärtsilä and Shipping Corporation of India (SCI) have signed a Memorandum of Understanding (MoU) to explore options for converting at least two SCI’s vessels to be capable of operating on green methanol.

about 2 years ago
Offshore Energies UK (OEUK)
Business Developments & Projects

As UK pledges more oil & gas licensing opportunities, calls emerge to supercharge renewables instead

Britain’s government is putting the wheels into motion to embrace more hydrocarbons with open arms by opening new licensing opportunities to ensure energy security while hoping to unlock more green investments in the process.

about 2 years ago
Cargill joins global trade association for methanol industry
Business Developments & Projects

Cargill joins global trade association for methanol industry

Swiss freight-trading organization Cargill Ocean Transportation has become the newest member of the Methanol Institute, a global trade association for the methanol industry. Founded in 1956 in Geneva, Cargill Ocean Transportation charters around 650 vessels worldwide. According to Rakhi Rastogi, Shi

about 2 years ago
Icon of the Seas
Business Developments & Projects

World’s largest cruise ship aces final sea trials

Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise ship, has finished its final sea trials.

about 2 years ago
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