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  • India: IACC Successfully Hosts US Shipping and Logistics Delegation

    22 February 2012

    Indo American Chamber of Commerce (IACC), Tamil Nadu successfully hosted a first of its kind B2B meet on US – India Business Growth opportunities in Shipping and Logistics on February 20, 2012 in Chennai. Francisco Sanchez, Under Secretary of Commerce for International Trade, U.S Department of Commerce presided over the event as the Chief Guest […]

  • Microsoft and maritime players launch digital venture studio

    11 April 2023
    Business Developments & Projects, Project & Tenders, Technology

    Tech giant Microsoft, together with companies Hafnia, DNV, Wilhelmsen and IMC Ventures, has created a new digital venture studio, Studio 30 50.

  • Velesto expects insurance to mitigate sunken rig costs

    6 May 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Rules & Regulation, Safety

    Velesto Energy expects the financial impact of an incident in which its NAGA 7 rig submerged off Sarawak will be mitigated by the insurance.

  • HFIA Clears First Procedural Hurdle (USA)

    28 January 2014

    The U.S. Senate last night voted 86-13 to move forward and debate the bipartisan Homeowner Flood Insurance Affordability Act (HFIA) sponsored by U.S. Senator Mary L. Landrieu, D-La. and supported by 31 bipartisan, geographically diverse senators. Last month, Sen. Landrieu secured a commitment from Senate Majority Leader Harry Reid, D-Nev., to bring the bill to […]

  • Jadestone Energy on the lookout for new CFO

    23 December 2021
    Business & Finance, Business Developments & Projects, Human Capital

    Jadestone Energy is on the lookout for a new Chief Financial Officer (CFO), as the current one will be stepping down from the role next year.

  • Congressmen Graves and Moulton Introduce COASTS Act

    3 July 2018
    Business & Finance

    Congressmen Garret Graves and Seth Moulton yesterday introduced the Creating Opportunity and Sustainability Through Science (COASTS) Act, which will help ensure that coastal communities are more resilient and sustainable in the face of coastal degradation. Specifically, this legislation: Directs the Secretary of Commerce, through NOAA, to develop and carry out a competitive grant program focused on […]

  • OPEC lowers 2020 oil demand forecast

    19 November 2020
    Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy

    The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day.

  • FCC debuts LNG-powered tanker Fairchem Pioneer

    10 April 2023
    Business Developments & Projects, Outlook & Strategy, Vessels

    Fairfield Chemical Carriers (FCC), a US operator specialising in chemical tankers, has launched the Fairchem Pioneer, its first LNG-powered stainless steel chemical tanker. The LNG dual-fueled (DF) vessel, jointly developed by Fukuoka Shipbuilding and Fairfield Japan, a subsidiary of FCC, was launched on 7 April. According to FCC, it boasts LNG propulsion technology that reduces […]

  • Australia: SEQ Communities to Share in River Cleanup Grants

    19 January 2012

    Community groups who are continuing the long task of cleaning up flood-damaged waterways are set to get a further boost thanks to a new Bligh Government funded grant program, Environment Minister Vicky Darling announced today. Ms Darling said the Community Waterway Litter Cleanup Grants – to be administered by Healthy Waterways – would provide assistance […]

  • Export cable installation marks official start of offshore construction on world’s largest wind farm

    29 April 2022
    Business Developments & Projects

    Offshore construction work has now officially started on what will become the world’s largest offshore wind farm with the installation of the first length of the HVDC export cable off the Yorkshire coast. NKT has commenced work on the laying of the nearshore cable for Dogger Bank A, the first of the three 1.2 GW […]

  • Newhaven Flood Alleviation Scheme – July Update

    16 July 2018
    Business & Finance, Project & Tenders

    The construction works continue on the Newhaven flood alleviation scheme, which is aimed to reduce the risk of flooding to approximately 430 homes and 390 businesses in and around the East Sussex. According to the Environment Agency, the works on the west bank are complete and the focus is now on the east bank. Area 1: A26 […]

  • 3 dead, 1 missing after tragic sinking of tug involved in Wakashio oil spill cleanup

    2 September 2020
    Environment, Vessels

    Three men have died, while one remains missing after a tug involved in the cleanup efforts of the oil spill caused by the Capesize bulker Wakashio, capsized following a collision with a barge in bad weather. Four people have been rescued from the water after the collision on Monday night. As Offshore Energy-Green Marine understands […]

  • Thailand: Floods Management Projects to Help Construction Industry

    6 December 2013

    The Construction Institute of Thailand (CIT) has revealed that the 1 trillion baht investment target in the construction sector this year is unlikely to be realized, and that the industry’s growth next year might still be on a slow pace. CIT Director Chakporn Oonjitt stated this year’s declining growth in the construction industry is in […]

  • Second Phase of MGT Expansion Includes Dredging

    6 December 2019
    Business & Finance

    International Container Terminal Services, Inc. (ICTSI) has initiated the second phase expansion of its Matadi Gateway Terminal (MGT), located 92 miles upstream on the left bank of the Congo River, Democratic Republic of the Congo (DRC). The Phase 2 expansion will more than double MGT’s existing annual throughput capacity to 400,000TEU/yr. “The expansion of MGT […]

  • With FPSO remediation winding down, production restart from Australian field targeted for next month

    19 January 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    Jadestone Energy is expecting to wrap up remaining works and restart production from a field off Australia during the next month.

  • Offshore wind project costs decrease with bespoke vessels and lower oil & gas activity

    10 September 2020
    Business & Finance, Vessels

    The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshore wind projects, as the sector is getting more room to use its own fleet instead of deploying vessels from the oil & gas industry, which can be costly if high oil price is driving increased oil & gas […]

  • SCDNR: Charleston Harbor Dredging Holds Key to Saving Crab Bank

    29 June 2018
    Business & Finance

    Coastal bird populations face multiple threats, including habitat loss and degradation, human disturbance, increased predation and sea level rise, the South Carolina Department of Natural Resources (SCDNR) said in its latest release.  In fact, their populations have declined by 70 percent during the last forty to sixty years, according to SCDNR. South Carolina is a critical […]

  • EIB Launches Blue SOS

    25 October 2019
    Operations & Maintenance, Research & Development

    European Investment Bank (EIB) has launched the Blue Sustainable Ocean Strategy (Blue SOS) to improve the health of oceans, build stronger and more resilient coastal environments and enhance the sustainability of ocean-related activities.  The EIB, as the EU Bank, commits to more than double its lending to sustainable ocean projects to EUR 2.5 billion over […]

  • Hurricane confirms ‘extraordinary productivity’ at Lancaster

    15 April 2020
    Business Developments & Projects, Exploration & Production, Project & Tenders

    Hurricane Energy has confirmed the “extraordinary productivity” of two wells and the reservoir at its Lancaster EPS, located in the West of Shetland area.

  • Malaysia: MARC Lowers TLP’s Ratings

    14 November 2012
    Business & Finance

    Malaysian Rating Corp Bhd (MARC) has downgraded the ratings of Tanjung Langsat Port Sdn Bhd’s (TLP) RM250mil bonds and RM135mil debt notes while the outlook on the ratings remains negative. The rating action reflects TLP’s continued losses and weak cash flow arising from a delay in the commencement of TLP’s port operations which has resulted […]

  • GTT, SWS get BV’s nod for LNG dual-fuel VLCC design

    9 May 2023
    Business Developments & Projects, Certification & Classification, Vessels

    French LNG containment specialist GTT and Chinese shipbuilder Shanghai Waigaiqiao Shipyard (SWS) have obtained approval in principle from classification society Bureau Veritas (BV) for the design of LNG dual-fuel very large crude carrier.

  • Mitsubishi Shipbuilding to develop an ammonia fuel supply system for WinGD

    5 June 2023
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Technology, Transition

    Mitsubishi Shipbuilding Co., part of the Japanese major Mitsubishi Heavy Industries (MHI) Group, will conduct technical studies on an ammonia fuel supply system for large, low-speed two-stroke marine engines which are being developed by Swiss marine engine maker Winterthur Gas & Diesel AG (WinGD). The memorandum of understanding (MOU) between the duo was formally signed […]

  • QRC: Senate Report Backs Reef Plan (Australia)

    3 September 2014
    Business & Finance, Project & Tenders

    The peak industry body for the Queensland resources sector said the Senate report into the Great Barrier Reef backs the work that was well underway to improve reef health. Queensland Resources Council Chief Executive Michael Roche said the report published 29 recommendations that largely reflected the work of a host of stakeholders on the Reef […]

  • TORM signs 1st sustainability-linked loan

    11 November 2020
    Business & Finance

    Danish shipping company TORM has refinanced its existing facility with Danish Ship Finance with a new $150 million loan which includes a CO2 emission-linked pricing mechanism. The facility will postpone the debt maturity for eight vessels until 2027, providing the company with $12 million in liquidity. TORM said the adjustment in pricing is linked to the […]

  • Sea Intelligence: Carriers to see $9 billion profit in 2020 if they manage to keep current rate levels

    23 June 2020
    Business & Finance, Market Outlooks

    Container shipping companies’ fight to maintain freight rates high through capacity management seems to have paid off, beating forecasts on carrier profitability. The liners’ ability to adapt to the new normal through a disciplined approach to the deployment of ships comes as a surprise as dwindling of demand was expected to push carriers into the […]