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  • Day 2 of Offshore Energy Exhibition & Conference kicks off

    27 October 2021
    Business & Finance

    At the kick-off of the second day of Navingo’s Offshore Energy Exhibition & Conference (OEEC) 2021, our Anne Visser, director of operations, reflects on the first day of the event and gives us a sneak-peek into today’s agenda.

  • DCSA: eBL standard – the holy grail of global trade

    21 May 2020
    Innovation, IT & Software, Technology

    The Digital Container Shipping Association (DCSA) believes that the potential of eliminating paper from trade and digitising bills of lading might be sped up in the post-COVID-19 reality. As explained, despite the enormous potential in savings of time and money, the promise of an electronic bill of lading (eBL) for the container shipping industry has […]

  • KHI opts for sustainable financing as it eyes large LH2 carrier by 2026

    6 December 2022
    Business & Finance, Business Developments & Projects, Research & Development, Vessels

    Japanese shipbuilder Kawasaki Heavy Industries (KHI) has established the Sustainability Linked Loan Framework Template and in accordance with the principles, set future targets regarding the establishment of a hydrogen supply chain.

  • Stena Bulk, OGCI: CCS is technically feasible on large tanker

    13 December 2021
    Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Infrastructure, Outlook & Strategy, Regulation & Policy, Research & Development, Transition, Vessels

    Capture & storage (CCS) technology is technically feasible on a large tanker, tanker shipping company Stena Bulk said, announcing the results of a recent partnership with the Oil and Gas Climate Initiative (OGCI).

  • BIMCO: Oil product tanker demolition on track to break 11-year record

    11 May 2021
    Outlook & Strategy, Vessels

    In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in 2019 and 2020 respectively due to unfavorable freight rates. If that pace continues for the rest of the year, an 11-year record is set to […]

  • Dredging the Somerset Levels Set for This Month

    4 September 2015
    Business & Finance

    Dredging the Somerset Levels event, organized by the Institution of Civil Engineers (ICE), will take place on September 15, in Sunley Conference Center at University of Northampton. In 2014 Land & Water Services undertook the dredging of the Somerset Levels for the Environment Agency. The project focused on sustainable dredging and focused on a low carbon project […]

  • $12-billion mega Bay du Nord oil project put on the back burner for three years

    1 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Equinor has put on hold for three years the development of its controversial Bay du Nord oil project off the coast of Newfoundland & Labrador.

  • Nine banks provide financing to BW Offshore for Barossa FPSO

    1 September 2021
    Business & Finance, Business Developments & Projects, Vessels

    BW Offshore has completed the $1.15 billion project debt financing for the construction and operation of the FPSO for Santos’ Barossa field.

  • IOG awaits survey data for clarity on next steps for delayed North Sea well

    25 January 2022
    Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Outlook & Strategy, Project & Tenders

    IOG is considering potential solutions to resume drilling ops in the UK North Sea while a timeline is expected after seabed survey analysis.

  • ICTSI Poland Set for Development

    10 May 2012

    Baltic Container Terminal (BCT), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Poland, recently entered into a credit facility agreement for US$46.5 million with Bank Pekao S.A for the modernization of the terminal in Gdynia. The facility consists of a 10-year capital expenditure (capex) loan, a refinancing of existing long-term loan and an overdraft facility. […]

  • IOG frustrated as severe weather hampers UK gas project start-up

    21 February 2022
    Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Project & Tenders, Safety

    IOG is experiencing a further delay in the start-up of its Saturn Banks Project – Phase 1 due to stormy weather conditions.

  • ACE Winches Expands Global Footprint

    19 June 2019
    Business & Finance, Equipment, Operations & Maintenance

    ACE Winches has increased its global presence through working partnerships with Hendrik Veder Group in Norway and the Netherlands, and a strategic alliance agreement between ACE and Emirates Safety Services in the Middle East. ACE Winches said it will strengthen its offering by providing a full suite of heavy spooling equipment located in Aberdeen, Singapore, […]

  • USA: Transportation Committee Leaders Introduce WRRDA

    12 September 2013
    Business & Finance

    Committee leaders introduced unprecedented bipartisan water resources reform legislation that cuts federal red tape and bureaucracy, streamlines the infrastructure project delivery process, promotes fiscal responsibility, and strengthens the water transportation networks to promote America’s competitiveness, prosperity, and economic growth. H.R. 3080, the Water Resources Reform and Development Act of 2013 (WRRDA), was introduced in the […]

  • Teekay LNG Partners tops off Norwegian bond offer

    12 November 2021
    Business & Finance, Business Developments & Projects

    Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has priced NOK 1,000 million ($115,194) in new senior unsecured bonds that mature in November 2026 in the Norwegian bond market.

  • Contract Awarded for New Dragline Machine

    27 August 2019
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Memphis District recently awarded a $15 million contract to construct a new dragline machine to Seatrax, Inc., of Houston, Texas. Procurement of this new machine represents Phase I of a project to replace the current dragline machine. Workers will eventually mount the machine on a barge, allowing it to […]

  • Indo-Bangladesh Dredging Agreed

    24 November 2015
    Business & Finance

    Secretary shipping level talks between India and Bangladesh were held in New Delhi last week. The Indian delegation was led by Shri Rajive Kumar from the Ministry of Shipping, and Bangladesh delegation was led by Mr. Shafique Alam Mehdi, Secretary of the Ministry of Shipping. The two parties appreciated close cooperation and achievements made so far, expressing hope that the […]

  • Demolition of crude oil tankers: All talk and little walk

    12 March 2021
    Business & Finance

    The industry buzz around large scale demolition of crude oil tankers has brought little tonnage to the scrapyards crushing market recovery hopes pinned on scrapping, BIMCO said. The year 2021 has been tough on crude oil tanker freight rates across the board so far. Nevertheless, there has been all talk and very little walk when […]

  • Cameron LNG-dedicated tanker delivered

    4 November 2020
    Infrastructure, Vessels

    Nippon Yusen Kaisha (NYK Line) on November 3, took delivery of Diamond Gas Metropolis, a Cameron LNG dedicated tanker.

  • Hanjin Heavy wins order for boxship quartet

    5 October 2021
    Business Developments & Projects, Infrastructure, Vessels

    Hanjin Heavy Industries & Construction Co., a mid-sized shipbuilder in South Korea, has secured a KRW 310.5 billion(about $261.8 million) order for the construction of four containerships.

  • Hurricane suspends output guidance after Lancaster well shut-in

    22 May 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance

    Hurricane Energy has shut-in one of two wells at the Lancaster Early Production System due to interference between two producing wells.

  • Boskalis Reports Lower Revenues, Increased Order Book

    10 May 2017
    Business & Finance

    Royal Boskalis Westminster N.V. has just released its latest trading update, saying that the market picture for the coming period would be characterized by continued lower volumes of work and pressure on both utilization levels and margins. Compared to the same period last year, revenue declined at virtually stable fleet utilization rates. Weak market conditions resulted […]

  • Höegh LNG extends Trafigura, Cheniere charter deals

    9 February 2021
    Infrastructure, Vessels

    Norwegian floating LNG player Höegh LNG, has secured charter extensions of its current interim LNG carrier deals with Trafigura and Cheniere.

  • Highway Bill Includes RESTORE Act (USA)

    2 July 2012

    U.S. Sen. David Vitter last week announced that the Highway Bill has been approved by the U.S. House and Senate conference committee and passed by both chambers. Vitter specifically has been instrumental in making sure the RESTORE Act was included in the final version of the bill. Vitter is the only Louisiana member on the […]

  • Shire of Gingin: Grace Darling Park Temporary Closure

    4 June 2018
    Business & Finance

    The Shire of Gingin has temporarily closed access to Grace Darling Park in Lancelin owing to recent storm activity which has badly eroded the beach and undercut the gazebo making it unsafe for members of the public. “The gazebo structure and barbeque facility will be relocated to a safer area within the park until a […]

  • Woodland Levee System Findings Released (USA)

    17 July 2014
    Business & Finance

    Inspections by the U.S. Army Corps of Engineers Sacramento District rated the levee system surrounding the City of Woodland as unacceptable. The Sacramento District conducted a periodic inspection of the levee system beginning in December 2012. Initial findings were provided in June 2013 for review to the Central Valley Flood Protection Board, Reclamation District 2035, […]