Norway’s Bounheur ASA has established a new company, Fred. Olsen 1848, dedicated to developing and commercialising new technologies related to renewable energy such as floating offshore wind and floating solar. Fred. Olsen 1848 will focus on the development and commercialization of existing, but als
Standard Drilling has agreed to sell one of its large-sized PSVs for $10.3 million to increase its capital to pursue diversified investments within the energy sector.
South Korean shipbuilding company Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order for ten liquefied natural gas (LNG)-powered containerships worth approximately KRW 745.6 billion ($627 million).
Danish shipping company Dan-Unity CO2 is ready to order the world’s first vessels capable of large-scale CO2 transportation.
UK-based PJ Valves has won two FPSO valve contracts worth $11 million for projects in Brazil.
Bermuda-based ship owner and charterer SFL Corporation has agreed to acquire four modern Aframax LR2 product tankers for an aggregate purchase price of $160 million.
CMA CGM delivered a strong financial performance for the third quarter of 2021 with a net income rising to $5.6 billion from $567 million seen in Q3 2020.
Towage operator Svitzer, part of A.P. Moller – Maersk revealed plans to convert its whole fleet of 10 tugs in London and Medway to be powered by marine biofuel, following a successful pilot.
Swedish shipping company Thun Tankers has welcomed the last in a series of LNG-fueled chemical tankers built by Dutch shipbuilder Ferus Smit.
The third hybrid roll-on/roll-off (RoRo) vessel ordered by Finnish shipping company Finnlines was launched at China Merchants Jinling Shipyard (Jiangsu) on 22 November 2021.
Emissions verification company Verifavia Shipping has launched the real-time carbon intensity indicator (CII) dashboard to determine the operational efficiency and CII rating of ships over 5,000 GT.
Swire Projects, the projects division of Swire Shipping, has signed an agreement with the Hamburg-based Nordic Projects & Finance (NPF) for the long-term charter of six multipurpose (MPP) heavy-lift vessels.
Bulk carrier Frontier Sky, which is owned by Japanese shipping major NYK and operated by Singapore-based Tata NYK Shipping, has conducted a trial use of biofuel to transport cargo provided by Tata Steel Limited, a major steel manufacturer in India.
Shipping company Capital Product Partners (CPLP) has taken delivery of two LNG carriers Attalos and Asklipios from the Korean shipyard Hyundai Heavy Industries.
