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
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 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.
A devastating collision in the Suez Canal on Saturday resulted in the sinking of a tugboat, claiming the life of one crew member, according to the Suez Canal Authority (SCA). The incident involved a Hong Kong-flagged LPG tanker Chinagas Legend and the canal authority’s tugboat Fahd. The collision to
Shanghai Waigaoqiao Shipbuilding (SWS), a part of China State Shipbuilding Corporation (CSSC), has delivered the third and fourth eco-friendly 7,000 TEU containership to Singapore-based shipowner X-Press Feeders.
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).
German provider of engineering services for the design and supply of gas carriers TGE Marine Gas Engineering has completed gas trial onboard very large gas carrier (VLGC) Gas Neptune.
In the midst of a thriving shipbuilding upcycle fueled by the global decarbonization drive, Singapore-listed shipbuilder Yangzijiang Shipbuilding has secured a staggering $5.76 billion worth of orders for 72 vessels in the first half of 2023. The strong demand for clean energy vessels has been a sig
Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor
French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on
