Swiss-based technology developer ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) to equip ten China COSCO Shipping Corporation Limited’s container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the or
Green NortH2 Energy, a pioneer of green ammonia production in Finland, has won R&D funding from Business Finland, a public organisation under the Finnish Ministry of Employment and the Economy. Green NortH2 Energy has been granted €2.3 million in research and development funding that will be used in
Canada’s Ocean Supercluster (OSC) and Marine Renewables Canada (MRC) have formed a collaborative partnership to share knowledge and support the advancement of marine renewable energy in Canada.
Petrofac has picked a member of McDermott’s executive committee to replace its current group chief executive, who will step down next year.
Maersk Line Limited (MLL), a wholly-owned subsidiary of A.P. Moller – Maersk, has settled litigation with Hope Hicks, a former midshipman on the Maersk Line’s ship Alliance Fairfax, filed against the company in New York Supreme Court in June for sexual assault and harassment during her cadet Sea Yea
The conversion of a Port of Antwerp-Bruges tug to methanol has officially been launched at the beginning of this week with the first engine installed on Monday, November 21. The second dual-fuel engine is set to be installed next week enabling the vessel to run both on methanol and conventional fuel
Keppel Offshore & Marine (Keppel O&M), has delivered the first of three newbuild jack-up rigs to the UAE’s ADNOC Drilling.
Despite the uptick in utilisation and award activity for the North Sea semi-submersibles, Westwood said the demand outlook for 2023 is low.
France-based geophysical services company CGG has secured a multi-year extension with Brunei Shell Petroleum (BSP) to continue operating a dedicated imaging center. The imaging center is located at BSP’s head office in Seria. CGG won the contract back in 2017 to operate the center for a period of si
Can developers, offshore construction companies, and shipbuilders map a road for the offshore wind sector to reach massive capacity targets while avoiding bottlenecks caused by vessel shortages and port over-capacitation? But also, are some of these challenges in the industry providing opportunities
Odfjell Drilling is seeing an increase in demand for offshore rigs with average utilisation of 97.1 per cent for its own fleet.
Singapore-based owner and operator of LPG vessels BW LPG has completed the acquisition of Vilma Oil’s LPG trading operations to expand its product services division. The company entered into an agreement with Madrid-based Vilma Oil to acquire its LPG trading operations on 1 August 2022. The product
UK-based offshore drilling contractor Awilco Drilling has decided to transfer from the Oslo Stock Exchange to Euronext Growth Oslo.
German shipbuilder Meyer Werft has started production of the cruise ship Silver Ray for Silversea Cruises hosting a symbolic steel-cutting ceremony in Papenburg on Wednesday, November 23. The cruise vessel will feature an innovative propulsion system aiming to provide sustainable travel. The Nova-cl
