Longitude Engineering, part of LOC Group, has provided the concept and basic design services for Woen Jinn Harbor Engineering’s new DP2 cable-laying vessel that will service the Taiwanese offshore wind market. Longitude Engineering also provided construction specifications for yard engagement and pr
South Korea’s shipping major HMM closed the first quarter of this year with a significantly narrowed net loss, driven mostly by the company’s cost-reduction measures and high profitability of tanker business.
After extending seafarers’ contracts at sea twice due to the overall challenges for executing crew changes and keeping seafarers safe from exposure to COVID-19, the unions and employers have given governments one month to facilitate crew changes. The deadline was revealed last week following the lat
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
Seadrill has been hit by early termination of a drilling contract for a drillship operating in Southeast Asia.
Unique Group and Cranemaster have completed passive heave compensation (PHC) during subsea installation on the ONGC KG-DWN-98/2 project in the Krishna-Godavari basin, India. The client used MPSV Surf Allamanda along the Cranemaster technology to install mudmats for the project. Prashant Shah, genera
Houston-based energy and LNG engineer KBR said Wednesday it has secured a carbon capture contract from Japan’s JX Nippon Oil & Gas Exploration Corporation. Under the master service agreement and feasibility study, KBR will assess options for carbon capture and sequestration, alongside blue hydrogen
Two more cruise ship workers died as crewing crisis continues in the global shipping industry, the International Transport Workers’ Federation said.
The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Managing risks: how to select the appropriate dredging contract’. The contracting environment for dredging and offshore works is diverse. Moreover, in
South Korea’s KB Kookmin Bank will lend 240 million Canadian dollars ($171 million) for the construction of a pipeline that will supply gas to the Shell-led LNG Canada project. KB Kookmin Bank said in a statement that it is the only South Korean lender taking part in the Coastal GasLink project fund
India has been the world’s fourth-largest importer of liquefied natural gas (LNG) since 2011.
The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. “From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak tim
