Australia’s Global Energy Ventures (GEV), a developer of global integrated marine compressed natural gas (CNG) projects, and Yantai CIMC Raffles Offshore Limited (CIMC Raffles) have extended their Letter of Intent (LoI) to build the CNG Optimum 200 ships. The extension is for six months through to D
CNTIC VPower has bought another liquefied natural gas vessel as the joint venture is continuing to develop LNG-to-power projects. The venture consisting of Hong Kong-listed VPower Group and China National Technical Import & Export Corporation acquired the Karmol LNGT Powership Anatolia from Karmol.
Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization in the second quarter of 2020. The vessel activity decreased from 72 percent in Q2 2019 to 50 percent in Q2 2020. According to Polarcus, on a contracted basis the vessel utilization dropped to 50 percent in Q2
Eversendai has decided to acquire a 100 per cent equity interest in service provider Vahana Offshore and its subsidiaries for a purchase consideration price of RM235 million ($54.8 million).
Dutch ferry operator Rederij Doeksen said its first liquefied natural gas-powered ferry, Willem Barentsz, will start its service on Friday. The ship will operate on the Wadden Sea, a UNESCO World Heritage site. It will work on the ferry connection to Dutch islands of Terschelling and Vlieland. The B
Wind-assisted ship propulsion has immense potential for achieving fuel savings and cutting emissions. Even though it is not believed to be THE solution for full decarbonization of the industry and getting to net-zero, it has emerged as an intermediary step which, when combined with other available s
A staggering number of seafarers is being impacted by the inability to carry out crew changes due to the COVID-19 restrictions imposed on travel by national governments across the globe. Despite incessant calls from the maritime bodies, seafarers are yet to be designated as ‘key workers’ and exempte
The German propulsion manufacturer Schottel has been awarded a contract to supply rudder propellers to a tug being built by Turkish Uzmar Shipyard for the Port of Aarhus, Denmark’s largest container port. The 30.25-metre long and 11.75-metre wide RAmparts 3000 series tugboat features two Schottel Ru
Volkswagen Group said Wednesday it welcomed its first LNG-fuelled car carrier in the US Port of Davisville, Rhode Island. The Siem Confucius left Emden, Germany on June 16 to embark on its maiden voyage, which includes one stop in the US. In addition to its visit to Davisville, the car carrier will
South Korean shipping major HMM has welcomed the 7th of twelve 24,000 TEU container shipping giants into its fleet. These are the largest container ships in the world based on their carrying capacity. The latest ship from the batch to be named is HMM Hamburg, which was christened earlier today at Da
Corrosion has emerged as the arch-enemy of the exhaust gas cleaning systems as the uptake of the technology rose with the entrance into force of the IMO 2020 sulphur cap. Like with any new technology, scrubber maintenance and operation has been a learning curve for ship owners and operators, especia
Neptune Energy has awarded a subsea inspection contract to geo-data specialist, Fugro, which will employ remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.
The delivery of Royal Caribbean’s new cruise ship, Odyssey of the Seas, being built at German shipbuilder Meyer Werft, has officially been delayed, the company confirmed. The keel for the ship was laid in May 2019 and Odyssey of the Seas was scheduled to be delivered in autumn 2020. The ship is sche
Norwegian oil and gas company Aker BP has awarded Eidesvik Offshore a ship management agreement for two offshore supply vessels in operation on the Norwegian Continental Shelf (NCS).
