French shipping major CMA CGM Group has finalized its acquisition of Global Container Terminals (GCT) Bayonne and New York terminals which was announced in December last year. “Through this strategic investment, the group strengthens its position as a global port terminal operator, and a leading sup
Equinor has hired two semi-submersible rigs from COSL Offshore Management for drilling operations on the Norwegian continental shelf (NCS).
While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.
Researchers from the National Renewable Energy Laboratory (NREL) and Pacific Northwest National Laboratory (PNNL) have developed a more comprehensive and accurate methodology to measure the wave energy available in ocean sites around the world.
Japanese companies Mitsui & Co., Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co. have signed a memorandum of understanding (MoU) to execute a joint study to establish a hydrogen and ammonia supply chain based in the Osaka coastal industrial zone. Under the MoU, the four companies
Jadestone Energy has disclosed its new timeline for the restart of production from an FPSO in the Timor Sea offshore Australia.
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has launched a 7,600 CEU liquefied natural gas (LNG) dual-fuel vehicle carrier being built for SAIC Anji Logistics, a subsidiary of China’s automobile manufacturer SAIC Motor. The ship was ordered back in 2022 as part of a
Nauticus Robotics has been hired – together with its partner, Stinger Technology – for a pilot project by Norway’s Equinor.
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Irish fintech company Exceedence has launched a crowdfunding campaign on Seedrs platform, aiming to raise €500,000 to advance its software solution exfin that can help accelerate the roll out of offshore wind, wave and tidal energy projects.
Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.
The European Commission (EC) has published terms and conditions for its upcoming pilot auction dedicated to European renewable hydrogen production under the umbrella of the EU Hydrogen Bank. The auction is funded by the Innovation Fund and is intended to open on 23 November 2023. It will award up to
The fervent contest to secure ownership of South Korea’s premier shipping enterprise, HMM Co., has recently taken a compelling turn with the entry of Hapag-Lloyd AG, Germany’s foremost container shipping powerhouse. Hapag-Lloyd, Germany’s most prominent and the fifth largest global player, stood as
Saipem has confirmed the timeline for closing its divestment process related to an FPSO working in the Espírito Santo Basin offshore Brazil.
