3682 results found for 'cgx'

3682 results found for 'cgx'
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  • In focus: Is climate crisis a ‘fossil fuels crisis’?

    22 September 2023
    Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition

    With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from both public and private sectors are […]

  • Berge Bulk wraps up carbon-offset voyage with Emporos

    15 April 2024
    Infrastructure, Outlook & Strategy, Transition, Vessels

    Dry bulk shipowner Berge Bulk and carbon-neutral freight trader Emporos have completed a carbon offset voyage, transporting 29,095 tonnes of cargo from Darrow, Louisiana, USA to Puerto Montt, Chile.

  • Janice Hahn and Ted Poe to Become AAPA’s Port Person of Year (USA)

    5 February 2013
    Business & Finance

    U.S. Representatives Janice Hahn (D-CA) and Ted Poe (R-TX) will be honored on March 19 as the American Association of Port Authorities’ (AAPA) 2013 “Port Persons of the Year” during the association’s annual Spring Conference event, March 18-19, at The Renaissance Washington, DC Downtown Hotel. Marking its 101st year as the Western Hemisphere’s leading trade […]

  • The Netherlands: Explanatory Notes Port Authority Study of Container Sector

    26 January 2012
    Business & Finance

    The Port Authority asked McKinsey to make an analysis of the demand for and availability of container throughput capacity in Rotterdam in the coming years. The purpose of the study was to get an independent opinion on the situation as it will develop from 2014 onwards when the new terminals on Maasvlakte 2 become operational. […]

  • Hamworthy to Open New Service Centre in Brazil

    19 August 2011

    Hamworthy is to open a new dedicated service centre in Brazil. The new service centre represents a direct investment in a market that has offered sustained growth for the company’s oil and gas handling systems and pump systems businesses in recent years. With offices in Rio and planned workshops and warehousing operations in Macae it […]

  • China: Fortune Oil Revenues Up

    25 April 2013

    Fortune Oil today reports its results for the financial year ending 31 December 2012. Corporate highlights: Agreed transformational combination of Fortune Oil’s natural gas business with that of China Gas Holdings Limited for consideration of US$400 million, of which Fortune Oil share is US$340 million. Will strengthen Fortune Oil’s strategic investment in China Gas Holdings […]

  • Polarcus Announces Start of its First 3D Multi-Client Project (UK)

    24 March 2011
    Business & Finance, Operations & Maintenance

      Polarcus Limited announces that the Company will commence acquisition in Q2 2011 of its first 3D multi-client project, in Quad 28 of the UK Continental Shelf. The survey, with the potential to cover an area of up to 2,000 square kilometers, is supported through industry pre-funding. The data will be acquired by the vessel […]

  • Early terminations and day rate reductions for Valaris rigs

    23 April 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.

  • COSCO splashes $2.87 bln on twelve methanol-powered 24,000 TEU mammoths

    31 October 2022
    Business & Finance, Business Developments & Projects, Green Marine, Transition, Vessels

    Hong Kong-listed shipping major COSCO Shipping Holdings has placed an order for the construction of twelve 24,000 TEU methanol dual-fuel containerships worth $2.87 billion. The construction contract was signed by the company’s subsidiaries Orient Overseas Container Line (OOCL) and Cosco Shipping Lines with Nantong Cosco Khi Ship Engineering (NACKS) and Dalian COSCO KHI Ship Engineering […]

  • Shipping readies for massive investments in decarbonization, IMO head says

    10 June 2025
    Market Outlooks, Outlook & Strategy, Regulation & Policy

    The global shipping industry requires significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change.

  • MAN ES unveils ‘next generation’ two-stroke methanol engine

    20 May 2025
    Business Developments & Projects, Innovation, Technology, Vessels

    German engine manufacturer MAN Energy Solutions (MAN ES) is set to deliver what it hails as “the world’s most powerful” two-stroke methanol engine. As disclosed, the MAN B&W 12G95ME-C10.5-LGIM (-liquid gas injection methanol) type engine is presently being built by a Chinese licensee, CSSC-MES Diesel Co., Ltd. (CMD), a joint venture between China State Shipbuilding […]

  • Trump overturns Obama’s Atlantic seismic permits denial

    11 May 2017

    U.S. President Donald Trump has reversed a decision by the previous administration that denied permit applications for seismic surveying of the U.S. Atlantic Outer Continental Shelf.  The U.S. Department of the Interior (DOI) on Wednesday announced it would move forward to resume its evaluation of applications from six companies seeking permits to conduct geological and […]

  • New ammonia-fueled 3,500 TEU ship design wins AiP

    3 June 2024
    Business Developments & Projects, Certification & Classification, Collaboration, Infrastructure, Innovation, Outlook & Strategy, Regulation & Policy, Vessels

    Classification societies ABS and Lloyd’s Register (LR) have awarded Approval in Principle (AiP) to a new ammonia-fueled 3,500 TEU container feeder vessel design.

  • Green Ray project targeting methane slip from LNG-fuelled engines wins EU backing

    27 February 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Equipment, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Transition, Vessels

    The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for research and innovation. The project is coordinated […]

  • MPA Singapore, Port of Rotterdam & partners set sights on 30 pct emission reduction by 2030

    20 September 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Green Marine, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam (PoR) and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop, held this week in Rotterdam. The Green & Digital […]

  • Maersk scores 4.9 of 5.0 on environmental reporting

    24 December 2020
    Business & Finance, Environment, Outlook & Strategy, Transition, Vessels

    Maersk, the world’s largest container shipping company, tops the list of 12 liner companies based on their sustainability performance reporting and planning, the Gliese Foundation said. The company won 4.9 stars out of possible 5.0, the foundation said. As explained, the company’s 2019 sustainability report holds the bull by the horns—GHG emissions—from the very beginning, […]

  • Hamworthy to Inaugurate New Service Center in Brazil

    19 August 2011
    Business & Finance

    Hamworthy is to open a new dedicated service centre in Brazil. The new service centre represents a direct investment in a market that has offered sustained growth for the company’s oil and gas handling systems and pump systems businesses in recent years. With offices in Rio and planned workshops and warehousing operations in Macae it […]

  • USA: Horizon Lines Receives 2011 Vessel Awards for Safety and Stewardship

    23 June 2011
    Business & Finance

      Horizon Lines, Inc. America’s leading domestic ocean shipping company, has received recognition from the Chamber of Shipping of America (CSA) and the United States Coast Guard (USCG) for its record of safety and stewardship. CSA presented Horizon Lines with the Jones F. Devlin Awards for safety at the Chamber’s recent Annual Ship Safety Awards […]

  • EIA: spot indexes use in Asian LNG trade rising

    29 September 2015

    Unlike the natural gas market in the United States, natural gas prices in Asian markets typically reflect contracts that are indexed to crude oil or petroleum product prices.

  • Mexico: Pemex Fears the Drinking Straw Effect

    27 April 2010

    Officials at state oil monopoly Petroleos Mexicanos, or Pemex, can do little more than watch from the sidelines as oil majors break deep-drilling records on the U.S. side of the Gulf of Mexico. The recent startup of the massive Perdido offshore drilling hub — a joint-venture of Royal Dutch Shell Plc (RDSB), Chevron Corp. (CVX), […]

  • Adira Energy Provides Update on its Operations Offshore/Onshore Israel

    18 March 2011
    Business & Finance

    ADIRA ENERGY LTD.  Adira Energy Ltd.provides an operational and project update and appointment of new auditors. Offshore Licenses Offshore, on the Company’s “Gabriella” and “Yitzchak” licenses, Western Geco has completed a state of the art dual azimuth 511 kilometers and 129 kilometer 3D survey, respectively. (See press release December 14, 2010). This detailed survey will […]

  • Report: 16 Beirut port officials detained as investigation into deadly explosion resumes

    7 August 2020
    Infrastructure, Ports & Logistics

    Lebanese authorities detained 16 Beirut port staff members on Thursday, while over a dozen other workers were questioned as part of an investigation into the deadly blast that rocked Lebanon’s capital on Tuesday, Reuters reports. The investigation, being carried out under the supervision of the Lebanese Army and Lebanon’s Internal Security Forces Information Division, saw […]

  • TSA Recommends New Contract Rates

    2 October 2014
    Business & Finance

    Concerns of container shipping lines in the Asia-U.S. trade lane like sharply higher mandated fuel costs beginning in 2015, inland rail and truck capacity shortages are being addressed in a new approach for the Transpacific Stabilization Agreement (TSA), as the carrier discussion group prepares for a new round of service contract negotiations, TSA said.  The research and discussion […]

  • Brazil: GE Oil & Gas Wins USD 120 Million Subsea Equipment Maintanance Contract from Petrobras

    17 June 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      Petróleo Brasileiro S.A. (Petrobras), a world leader in deep-water and ultra-deep water oil production, has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes service […]

  • Companies step up work on maritime cyber security

    16 December 2020
    Business Developments & Projects, Collaboration, IT & Software, Research & Development, Safety, Technology

    Following several cyber attacks that happened in the maritime sector this year, the issue of maritime cyber security is gaining prominence.