German liner heavy-weight Hapag-Lloyd is not planning any significant orders this year in the newbuilding space, especially not in the ultra-large containership sector. Speaking earlier today in a virtual live session, Hapag-Lloyd CEO Rolf Habben Jansen said that if the company does move forward wit
A group of cross-industry experts, led by Grieg Star, has conducted a study involving the potential retrofitting of an open hatch vessel to run on green ammonia. Initial findings of the study said that elements perceived as challenges turned out not to be barriers or present major risks for moving f
While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.
Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.
Korean shipbuilding giant, Korea Shipbuilding & Offshore Engineering (KSOE), has unveiled the design of a small modular reactor (SMR)-powered ship, Business Korea reports. This marks the first time a Korean company has revealed such a detailed design concept for an SMR-powered vessel as nuclear powe
In a push to decarbonise operations at its facilities, California’s Port of Oakland, the fifth busiest container port in the US, has approved an environmental ordinance calling for its seaport tenants to develop a plan to reach zero emissions from cargo handling operations. The Oakland Board of Port
Germany-based engine manufacturer MAN Energy Solutions has obtained Approval in Principle (AiP) from the Italian classification society RINA for its methanol-ready MAN L/V 32/44CR engine. The AiP covers an upgrade concept for the four-stroke engine for conversion to dual-fuel running on methanol, MA
In early March, Japanese shipping major NYK sent one of its vessels to PHP Ship Recycling Facility in Bangladesh for green recycling. The company said that PHP Ship Recycling Facility, which is a ship-recycling facility operated by PHP Ship Breaking and Recycling Industries Ltd., has become the firs
Dutch geo-data specialist Fugro and Brazilian oil and gas giant Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of Brazil. Fugro used a remotely operated vehicle (ROV) deployed from the Fugro Aquarius to conduct the survey. Office-based personn
Guangzhou Shipbuilding International (GSI), a subsidiary of state-owned China State Shipbuilding Corporation (CSSC), has signed a contract with Guangzhou Yuanhai Car Carrier Transportation, COSCO Shipping’s joint venture, to build three 7,000 CEU pure car truck carriers (PCTCs). The dual-fuel car ca
Carbon capture and storage (CCS) projects are increasingly gaining more prominence in the race to make the world cleaner and more sustainable, driven by the interest from some of the most important offshore energy players.
Inelfe, a joint venture between the Spanish transmission system operator (TSO) Red Eléctrica and the French counterpart RTE, has awarded the engineering, procurement and construction (EPC) contracts for an electricity interconnection project that will link the two countries. The Biscay Gulf project
S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda in Bangladesh has been certified as compliant with the International Maritime Organization’s (IMO) guidelines for the Hong Kong Convention (HKC) on sustainable ship recycling. The certification process was undertaken by the Japan
