3671 results found for 'cgx'

3671 results found for 'cgx'
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  • Greener or dirtier? Study shows biofuels exceed fossil fuels in CO2 output

    9 October 2025
    Environment, Transition

    On a global scale, the utilization of biofuels has led to a greater uptick in carbon dioxide (CO2) emissions than the fossil fuels that they are envisioned to replace, a new study done on behalf of Europe’s Transport & Environment (T&E) suggests. The report, which was released by consultancy firm Cerulogy on behalf of T&E, […]

  • India vows nearly $8B to boost its shipbuilding and maritime ecosystem

    25 September 2025
    Authorities & Government, Infrastructure, Transition

    The government of India has approved a package encompassing a whopping ₹697.25 billion (approximately $7.86 billion) aimed at rejuvenating the South Asian nation’s shipbuilding and the overall maritime ecosystem. As disclosed by India’s Ministry of Ports, Shipping and Waterways (MoPSW), the financing represents a four-pillar approach that was crafted with a vision to breathe new […]

  • UK oil & gas consolidation continues: Serica makes move on Spirit Energy’s North Sea assets

    16 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    UK-based upstream oil and gas player Serica Energy has taken another consolidation step on the UK Continental Shelf (UKCS) by striking a deal to acquire the oil and gas portfolio of Spirit Energy Limited and its affiliates for an upfront consideration of £57 million (around $74 million).

  • MOL puts financing in place for Singapore’s second LNG terminal

    24 December 2025
    Business & Finance, Business Developments & Projects

    Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has struck a finance deal for a floating storage and regasification unit (FSRU), which will be deployed in Singapore, Asia.

  • Serica splashes hundreds of millions on BP’s stake in UK’s largest producing gas field

    13 October 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    UK-based upstream oil and gas player Serica Energy is expanding its North Sea footprint by setting the wheels in motion to acquire the entire interest the UK-headquartered energy giant BP holds in a natural gas field, which is considered the biggest producing gas asset on the UK Continental Shelf (UKCS).

  • HD KSOE and Cochin Shipyard forge strategic shipbuilding partnership

    7 July 2025
    Business Developments & Projects, Collaboration, Transition, Vessels

    South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), an arm of HD Hyundai, has joined forces with Cochin Shipyard Limited (CSL), the largest state-owned shipbuilder in India, to set up long-term cooperation in the vessel construction sector. As disclosed, the deal marks a ‘full-scale’ entry into the market for the South Korean company, […]

  • European maritime and nuclear players ink strategic cooperation agreement

    6 November 2025
    Business Developments & Projects, Collaboration, Environment, Safety, Transition

    France-based classification society Bureau Veritas (BV), together with thirty European companies from the French and wider nuclear and maritime sectors, has formally signed a cooperation declaration aimed at speeding up nuclear applications in the maritime industry. Formally named the “Declaration of Cooperation for Accelerating Nuclear for Maritime Applications to meet Climate Ambitions”, the agreement was […]

  • Serica facing stabilization setbacks after North Sea FPSO restart

    30 July 2025
    Business Developments & Projects, Exploration & Production, Infrastructure

    The UK-based upstream oil and gas player Serica Energy is experiencing delays with stabilizing production from its fields in the North Sea, which is achieved via a floating production, storage, and offloading (FPSO) vessel operated by Dana Petroleum.

  • Rig and drilling site search next on Inpex’s deepwater oil & gas exploration agenda in Malaysia

    13 October 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Seascape Energy Asia, a wholly owned subsidiary of Southeast Asia-focused E&P company Seascape Energy, has confirmed the green light for the entry into the second exploration phase of a production sharing contract (PSC) for a deepwater block, operated by Japan’s Inpex, enabling the drilling of a prospect off the coast of Sarawak, Malaysia.

  • Canada’s Port of Nanaimo hosts its first LNG bunkering operation

    18 June 2025
    Business Developments & Projects, Green Marine, Infrastructure, Operations & Maintenance, Ports & Logistics, Vessels

    Canada’s Port of Nanaimo has witnessed its first LNG bunkering with compatriot shipowner Seaspan completing a ship-to-ship operation and marking a new milestone for the port.

  • Giant Kiewit-built structure en route to Cenovus’ project off Newfoundland

    13 June 2025
    Business Developments & Projects, Infrastructure

    Topsides for an offshore platform operated by Canada’s oil and gas company Cenovus Energy have begun their journey from Kiewit’s facility in Texas to their destination offshore Newfoundland.

  • South Korean and US ports formalize green shipping corridor agreement

    7 November 2025
    Business Developments & Projects, Collaboration, Ports & Logistics, Transition

    South Korea’s Busan Port Authority (BPA) and the Ulsan Port Authority and the United States’ Northwest Seaport Alliance (NWSA), the Port of Tacoma (PoT) and the Port of Seattle have penned a formal agreement aiming to strengthen efforts in establishing a green shipping corridor. As officials from environmental organization Pacific Environment have shared, the NWSA […]

  • LNG-fueled BYD Xi’an, one of the world’s biggest car carriers, threads through Suez Canal

    17 July 2025
    Authorities & Government, Ports & Logistics, Safety, Vessels

    Chinese plug-in hybrid electric vehicle manufacturer BYD’s roll-on/roll-off (RoRo) car carrier BYD Xi’an, hailed as one of the largest ships of its type in the world, has passed through the Suez Canal on its maiden voyage. The 219-meter-long vessel was launched in April this year, back-to-back with the sister ship, BYD Shenzhen, embarking on its […]

  • Edison shakes hands with Knutsen for new LNG vessel to be built by Hanwha Ocean

    9 December 2025
    Business & Finance, Business Developments & Projects, Vessels

    Asian shipbuilder Hanwha Ocean will construct a new vessel for the transport of liquefied natural gas (LNG), with a capacity of 174,000 cubic meters at Geoje (Okpo), in South Korea, thanks to a deal Norway’s Edison made with shipowner Knutsen OAS Shipping.

  • AD Ports, Nimex Terminals to establish LNG, LPG terminal hubs at Khalifa Port

    5 November 2025
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Ports & Logistics

    The UAE-based terminal operator AD Ports Group and Nimex Terminals, an affiliate of the global trading organization Nimex Petroleum Group, have signed two long-term agreements to establish liquefied natural gas (LNG) and liquefied petroleum gas (LPG) terminal hubs at Khalifa Port.

  • Industry giants eye e-methanol bunkering and export facility in UAE

    5 June 2025
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Project & Tenders, Research & Development, Transition, Vision

    AD Ports Group, Masdar, Advario, and CMA CGM Group have signed a collaboration agreement to explore the feasibility of developing an e-methanol bunkering and export facility at Khalifa Port and KEZAD, UAE.

  • $25.6M acquisition expanding Serica’s North Sea footprint

    30 September 2025
    Business & Finance, Business Developments & Projects

    The UK-based upstream oil and gas player Serica Energy has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream from Prax Exploration & Production.

  • MoU signed to advance Fujairah’s maritime ecosystem and attract investment

    17 June 2025
    Business & Finance, Business Developments & Projects, Collaboration, Operations & Maintenance, Outlook & Strategy, Ports & Logistics, Research & Development

    Fujairah Terminals, a subsidiary of the UAE-based terminal operator AD Ports Group, and the Fujairah Free Zone Authority (FFZA) have signed a memorandum of understanding (MoU) to attract investment, streamline operations, and promote sustainable growth within Fujairah’s maritime ecosystem.

  • US Coast Guard: Risk assessment now prerequisite for LNG, alternative fuel bunkering

    31 July 2025
    Authorities & Government, Ports & Logistics, Regulation & Policy, Rules & Regulation, Safety

    The United States Coast Guard (USCG) has proposed new guidelines to govern the transfer of liquefied natural gas (LNG) and other alternative marine fuels during bunkering operations, warning operators that no transfers may proceed without prior risk assessment. As disclosed, the CG-OES Policy Letter No. 01-25 provides guidance to Coast Guard Captains of the Port […]

  • World’s first commercial ammonia-fueled engine is here

    1 September 2025
    Business Developments & Projects, Collaboration, Equipment, Infrastructure, Innovation, Outlook & Strategy, Vessels

    Japan Engine Corporation (J-ENG) accomplished the first fully functional full-scale commercial ammonia-fueled engine on August 30, 2025.

  • Singapore and France agree on pilot projects to support maritime decarbonization

    2 June 2025
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Research & Development, Transition

    Singapore and France have signed an enhanced maritime partnership agreement to elevate their cooperation on decarbonization, digitalization, cybersecurity, innovation, and training.

  • Maritime industry accelerates shift toward digital trade

    16 June 2025
    Business Developments & Projects, Collaboration, IT & Software

    IQAX, a digital trade solutions provider operating under Orient Overseas (International) Limited (OOIL), parent company of OOCL, has become ‘the first in the world’ to implement the latest Digital Container Shipping Association (DCSA) electronic bill of lading (eBL) 3.0 API standard. As disclosed, the achievement, which went live June 11 following months of cooperation, was […]

  • £50 billion going down the drain as UK keeps oil & gas windfall tax in place

    27 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    As the dust continues to settle over the United Kingdom (UK) government’s decision to retain the energy profits levy (EPL), known as the windfall tax on oil and gas profits, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has expressed its dissatisfaction with the move it portrays as a bitter blow to the UK’s energy workers and industry players.

  • CMA CGM to expand foothold in Vietnam with new deep-water terminal

    26 May 2025
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Ports & Logistics

    French shipping and logistics major CMA CGM Group has signed a partnership agreement with Vietnamese port operator Saigon Newport Corporation (SNP) to develop a new deep-water terminal in Haiphong, northern Vietnam.

  • HD KSOE confirms $1.76B order for eco-friendly boxship octet

    10 June 2025
    Vessels

    HD Korea Shipbuilding & Offshore Engineering (HD KSOE), part of HD Hyundai, has landed a ‘massive’ KRW 2.4 trillion (approximately $1.76 billion) contract to build eight dual-fuel liquefied natural gas (LNG)-powered containerships for an undisclosed owner based in Asia. The 15,900 TEU vessels are reportedly due to join the fleet of Singapore-based Ocean Network Express […]