Indian Register of Shipping (IRS) and Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL), a private limited state government company incorporated in India, have signed an MOU for classification and certification of solar-electric boats. The Mou is expected to provide the requisite fillip in the promotion
Zenith Energy has washed its hands of negotiations regarding a production sharing contract for a block containing an oilfield offshore Benin.
DOF Group has secured what it describes as a “significant” SURF contract to deliver services for a tier 1 contractor and operator in West Africa. DOF reported that it had secured a SURF contract in the region of $80-100 million for the construction support vessel (CSV) Skandi Acergy, with 326 days o
The Clean Autonomous Public Transportation Network (CAPTN) has reached a milestone in autonomous shipping with the opening of the control center for monitoring and remote control of the research vessel, catamaran MV Wavelab.
The U.S. Environmental Protection Agency (EPA) has settled with French container shipping major CMA CGM over claims of violations of EPA’s vessel general permit issued under the Clean Water Act. Under the terms of the settlements, CMA CGM will pay $165,000 in penalties for claims of violations by fo
GEOS is expanding its fleet of offshore supply vessels with four PSVs and one SSV for a total consideration of $94 million.
Registro Italiano Navale, Fondo Italiano d’Investimento and RINA have signed an agreement aimed at allowing the Italian fund to become a shareholder in RINA.
Norwegian regulator has given Equinor its consent to use a COSL Drilling-owned rig for production drilling at a field in the North Sea.
Japan’s Mitsubishi Heavy Industries (MHI) has started operations at Nagasaki Carbon Neutral Park, a center dedicated to the development of MHI Group’s energy decarbonization technologies. Located in Nagasaki, the new base is expected to progressively expand over the coming years, and according to MH
Aker Solutions, Subsea 7 and SLB have obtained all required regulatory approvals from competition authorities for the establishment of a subsea joint venture (JV). “We are now a big step closer to day 1 for the coming world-class subsea company Aker Solutions are establishing together with SLB and S
According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed
Yinson Production has secured a $230 million term loan facility in relation to an FPSO vessel, which will be deployed off the coast of Brazil.
As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit
Saipem has won two new E&C offshore contracts in Romania and in Germany with a total value of around €1.8 billion, which is close to $2 billion ($1.97 billion).
