SAAM, a company providing port, logistics and towage services in the Americas, concluded the purchase of 21 tugboats from the Brazilian company Starnav. Starnav’s fleet includes 19 tugs currently in operation and two additional vessels in the final phase of construction. “This is one of the largest
Following a 4 percent increase in average sailing speed during the COVID-19 pandemic triggered by strong demand and widespread port congestion, the situation today is very different in the liner sector. Namely, during the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down
Despite oil demand in the transport sector being forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement, the recent Transport in Transition report from DNV shows. Today, transport of passengers and goods accounts for about a quarte
Norwegian oilfield software specialist FutureOn has secured a multi-year contract with Petrobras to license its digital design and decision-making platform FieldTwin.
German e-fuels supplier INERATEC has signed a memorandum of understanding (MoU) with Zenith Energy Terminals to build a power-to-liquid (PtL) plant in the port of Amsterdam. As disclosed, the planned facility will produce up to 35,000 tonnes of e-fuels per year from locally generated and imported gr
French company EEL Energy has informed about very encouraging results gained through the test campaign for its tidal energy device, which uses undulating membrane to produce energy.
Electrofuels provider Infinium has manufactured a ton of its proprietary, patented CO2 conversion catalyst at its facility in West Sacramento, California, US. According to Infinium, its catalyst is a critical component in the creation of electrofuels (eFuels), a new class of synthetic fuels that rep
Marine geophysical services provider PXGEO has secured a contract for a 3D marine towed streamer (MTS) survey in Oceania.
AW-Energy, a Finnish near-shore wave energy technology developer, has signed a memorandum of understanding with Kaoko Green Energy Solutions for the deployment of WaveRoller wave energy farms offshore Namibia.
Danish container shipping heavyweight Maersk has hailed the agreement reached on the new FuelEU Maritime regulation, a first-of-its-kind legislation designed to speed up the adoption of green fuels and promote decarbonisation in the shipping industry by the end of the decade. FuelEU Maritime takes a
Engineering and technology companies Technip Energies and John Cockerill have established Rely, a provider of integrated and competitive green hydrogen solutions. According to Technip, Rely will offer end-to-end solutions, from pre-final investment decision (pre-FID) services, including technical an
Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a record performance of container shipping majors, impacted by
BP, TotalEnergies, Eni, ExxonMobil and Chevron have revealed strong operating and financial performance in the first quarter of 2023.
South Korean shipbuilding company Samsung Heavy Industries (SHI) has developed a next-generation floating liquefied natural gas production facility (FLNG) model. It announced that it has received Approval in Principle (AiP) for an FLNG floater independent model (MLF-N, a multi-purpose LNG floater-ne
