Hartree Maritime Partners (HMP), the shipping affiliate of global energy and commodities firm Hartree Partners, has signed a $108 million debt finance facility to purchase two environmentally friendly very large crude carriers (VLCCs).
Noraway’s Solstad Offshore has secured a contract with MMT Sweden for the construction support vessel (CSV) Far Superior.
Providence Resources has completed the site survey at the K drilling location of the Barryroe field in the North Celtic Sea.
Japanese shipping major Mitsui O.S.K. Lines (MOL) has joined forces with compatriot Namura Shipbuilding and Mitsubishi Shipbuilding to develop a large-size ammonia carrier powered by ammonia fuel.
Norwegian subsea shipping company Siem Offshore has secured contract extensions for its offshore subsea construction vessels (OSCVs) Siem Stingray and Siem Spearfish. Siem Stingray will continue working for GE Renewable Energy under a contract secured at the beginning of the year. The extension will
Norwegian shipping and tank terminal company Odfjell SE has entered into a sales agreement for the last three 9,000 dwt short-sea vessels that have operated in the company’s regional trade in Asia.
Shipping company Fratelli Cosulich Bunkers Singapore (Fratelli Cosulich) has signed a joint development project (JDP) agreement with Italian classification society RINA and Singapore-based vessel design specialist SeaTech Solutions to develop an ammonia bunker tanker design.
European shipowners have supported a dedicated fund to be set up under the EU Emission Trading Sustem (EU ETS) to stabilise the carbon price.
Hyundai Global Service (HGS), part of South Korean shipbuilder and engine maker Hyundai Heavy Industries (HHI), has teamed up with Swiss company ABB Turbocharging to offer an engine part-load optimization (EPLO) service for shipowners seeking to cut emissions in line with the International Maritime
Edwin van Leeuwen, Managing Director at Ulstein, talks about how the company is designing and developing ships that cover all the needs of an offshore wind farm – from installation to operation.
Finnish shipbuilder Meyer Turku has installed an LNG fuel tank on the Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise vessel.
Japanese shipping company Kawasaki Kisen Kaisha (K Line) and compatriot shipbuilder Kawasaki Heavy Industries (KHI) have signed a co-development contract to create an AI-based marine machinery operation support system that will be deployed in autonomous vessel operations in the future.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed an agreement with Vale International SA, part of Brazilian mining giant Vale, to conduct a joint study on the installation of a wind propulsion system on a 200,000-ton in-service bulk carrier, which mainly transports iron ore for steel p
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.
