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Teekay Corporation and Teekay Offshore get new chairman

9 March 2017

Business & Finance

Teekay Corporation and Teekay Offshore Partners L.P. have elected a new chairman to their respective boards of directors. Teekay said on Wednesday that C. Sean Day would be stepping down from his role as chairman of both companies. He would remain on both boards as a member. Current Teekay director, William “Bill” Utt, will replace Day […]

EU Launches Clean Fuel Strategy

24 January 2013

The European Commission announced an ambitious package of measures to ensure the build-up of alternative fuel stations across Europe with common standards for their design and use. Policy initiatives so far have mostly addressed the actual fuels and vehicles, without considering fuels distribution. Efforts to provide incentives have been un-co-ordinated and insufficient. Clean fuel is […]

ABS Establishes Korea Energy Technology Center

28 October 2011

Business & Finance, Operations & Maintenance, Research & Development

Leading classification society ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012. This is ABS’ first energy center and will focus on applied research to a broad range of current and future technology challenges. In a related move, the […]

Excelerate Energy signs 10-year FSRU charter deal with Petrobras

18 October 2023

Business & Finance, Business Developments & Projects, Infrastructure, Vessels

Texas-based LNG company Excelerate Energy has signed a ten-year contract with Brazilian state-owned oil and gas giant Petrobras to charter the floating storage and regasification unit (FSRU) Sequoia. Under the agreement, which will commence on January 1, 2024, Excelerate will continue to deploy the FSRU Sequoia to provide regasification services in Brazil, primarily at the Bahia regasification […]

LNG-powered Silver Ray delivered to Silversea

15 May 2024

Vessels

German shipbuilder Meyer Werft has delivered liquefied natural gas (LNG)-powered cruise ship Silver Ray to Monaco-based cruise company Silversea Cruises.

Gulf Coast Shipyard Inks Three-Year Lease Space with Port of Gulfport (Update)

23 January 2014

Business & Finance

Gulf Coast Shipyard Group, Inc., a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets as well as the Trinity Yachts brand, has announced its expansion by signing a three-year lease with one-year options with the Port of Gulfport. Specifically, Gulf Coast Shipyard Group will use 400 linear feet […]

Siem Offshore Selects Wartsila

17 February 2014

Following similar orders placed in November 2012 and August 2013, Siem Offshore has again contracted Wartsila to supply the design and integrated solutions for four new platform supply vessels (PSVs). The ships will be built at the Remontowa Shipbuilding yard in Poland. The contract was signed in January 2014. The four new vessels, like the […]

Moody’s Lowers MOL’s Rating over Its Large Debt

24 December 2018

Business & Finance

Moody’s Japan K.K. has downgraded Mitsui O.S.K. Lines’ (MOL) corporate family rating to Ba2 from Ba1.

Nakilat developing decarbonisation strategy with ABS

11 January 2022

Business Developments & Projects, Collaboration, Outlook & Strategy, Research & Development, Transition

Nakilat, a Qatari LNG shipping operator, has formed a partnership with the classification society American Bureau of Shipping (ABS) with the aim of developing a decarbonisation strategy.

Yara and NYK execute ‘world’s first’ time-charter deal for ammonia-fueled medium gas carrier

10 February 2025

Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Research & Development, Vessels

Norwegian ammonia distributor Yara Clean Ammonia and Japan’s shipping company NYK Line have concluded what is said to be the “world’s first” time-charter contract for an ammonia-fueled medium gas carrier.

Kongsberg Maritime to convert Island Offshore PSV trio to hybrid power

18 August 2020

Business & Finance, Business Developments & Projects, Infrastructure, Project & Tenders, Vessels

Norwegian offshore shipping company Island Offshore has awarded a contract to Kongsberg Maritime to supply turnkey hybrid battery solutions for three of its platform supply vessels.

ITF urges for investigation into Chevron’s Gorgon evacuation procedures

16 March 2015

The International Transport Workers’ Federation said it held concerns for the welfare of workers trapped on Barrow Island as they prepared for the arrival of Tropical Cyclone Olwyn. “More than 1,000 workers were stranded on Barrow Island, off the north-west coast of Australia, after Chevron stuffed up plans to evacuate its workforce ahead of the […]

Canada’s BC Ferries in LNG retrofit

8 September 2017

Canada’s British Columbia Ferry Services (BC Ferries) said that its vessel Spirit of British Columbia had been removed from service to undergo mid-life upgrade and conversion to run on liquefied natural gas (LNG). The vessel will depart from BC Ferries’ fleet maintenance unit in Richmond to Remontowa yard in Gdansk, Poland on September 12. In 2016, BC […]

ABS Forms Operational, Environmental Performance Team (USA)

1 February 2013

Business & Finance

ABS, a leading provider of global classification services, has taken another step forward to meet industry needs with the formation of an Operational and Environmental Performance department. This hand-picked leadership team brings more than 120 years of collective experience to the table to take on the critical industry issues of operational performance, energy efficiency and […]

Russia: Meeting on Developing Civilian Shipbuilding Sector

3 September 2013

Russian President Vladimir Putin held a meeting in Vladivostok a few days ago on developing Russia’s civilian shipbuilding sector. With the opening remarks on developing civilian shipbuilding sector, Russian President Vladimir Putin said: “Shipbuilding is a complex high-tech sector and its development is of crucial importance. It creates a base for resolving defence and socio-economic […]

USA: New CEO for Anadarko

22 February 2012

Anadarko Petroleum said it has promoted Al Walker, the company’s President and Chief Operating Officer, to the position of President and CEO. Jim Hackett, who was named Anadarko’s CEO in December of 2003, will continue serving the company in the newly created position of Executive Chairman. The leadership changes will be effective May 15, 2012, […]

SNC-Lavalin acquires Kentz

22 August 2014

SNC-Lavalin Group completed the acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, construction management and technical support services to clients in the oil and gas sector. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company. The […]

Biden’s energy transition might not run so smoothly after all

24 November 2020

Authorities & Government, Market Outlooks, Outlook & Strategy, Regulation & Policy, Vision

Following President Trump’s effective surrender of his three-week protest of the election results on Monday by submitting to the government’s official transition to the incoming Joe Biden administration, the time has come for the new administration to set new energy transition plans into motion – but the plan might have more spanners in the wheel than originally suspected.

Iveco Presents LNG, CNG Vehicles in Brussels, Belgium

29 October 2012

Iveco has presented its natural gas range at the “European Natural Gas Summit 2012”, an event focused on the natural gas vehicle market, held in Brussels the 24 and 25 October. Iveco is European leader in the production and marketing of natural gas vehicles, that represent an important advantage both in economic and in environmental […]

“Bring it back to America”: Trump unveils plan to rejuvenate US shipbuilding

5 March 2025

Authorities & Government, Regulation & Policy

Speaking to the US Congress, President Donald Trump proposed a ‘sweeping’ plan to revive US shipbuilding, pledging renewed efforts to strengthen both military and commercial vessel production. Framing the initiative as both an economic imperative and a national security priority, against the backdrop of the USA’s “once-thriving-now-withered” shipbuilding sector, President Trump vowed in his March […]

IRClass celebrates Sagar Anveshika vessel commissioning

27 April 2020

Equipment

Indian Register of Shipping (IRClass) has celebrated commissioning of the coastal research vessel Sagar Anveshika, capable of conducting environmental indexing and bathymetric surveys in both coastal and offshore waters. Sagar Anveshika is a DP1-capable vessel owned by National Institute of Ocean Technology (NIOT/ Ministry of Earth Sciences, Govt of India). Sagar Anveshika is the second […]

USA: BAE Systems Cuts Steel for GulfMark’s PSV

27 March 2013

Executives and employees from BAE Systems and GulfMark gathered recently at the BAE Systems’ facility in Mobile to oversee the initial cutting of steel for the GulfMark Platform Supply Vessel’s first module, which is expected to be delivered in the second half of 2014. The BAE Systems-built 300-Class Green DP2 vessels are designed by MMC […]