10000 results found for 'elgin'

10000 results found for 'elgin'
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  • ESL Shipping secures loan from NIB for 4 green methanol-powered bulkers

    13 May 2025
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    The Nordic Investment Bank (NIB), a Finland-based financial institution of the Nordic and Baltic countries, has signed a 10-year loan agreement with compatriot shipowner ESL Shipping to finance the construction of four IA ice-classed green Handysize ships.

  • Morlais tidal energy project scales up as Cydnerth construction begins

    31 July 2025
    Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders, Technology

    Construction has started on the Cydnerth infrastructure project in Holyhead to increase grid capacity for the Morlais tidal energy scheme from 18 MW to 240 MW, according to Menter Môn. Initial work at Parc Cybi involves laying underground cables to connect the Morlais substation at Ynys Lawd (South Stack) with the national grid. The £16 […]

  • US startup pens $160M deal for deployment of hybrid-electric tugboats

    11 September 2025
    Business Developments & Projects, Collaboration, Ports & Logistics, Vessels

    Los Angeles-headquartered electric boat manufacturing startup Arc has inked a $160 million contract with compatriot marine company Curtin Maritime for eight hybrid-electric ship assist tugboats. As disclosed, the tug octet—part of a privately funded project—is set to be constructed in collaboration with the Snow & Co shipyard. The units, which will reportedly see the “largest commercial […]

  • Wison-H2Carrier collab targets lower costs for green ammonia production

    11 September 2025
    Business Developments & Projects, Collaboration, Outlook & Strategy, Research & Development

    Chinese clean energy services provider Wison New Energies and Norwegian company H2Carrier have launched a new initiative aimed at reducing the production costs of green ammonia.

  • Quest One and MasTec CE&I join forces to scale green hydrogen solutions in North America

    11 June 2025
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    Quest One and MasTec Clean Energy & Infrastructure (CE&I) have signed a memorandum of understanding (MoU) to accelerate the development and deployment of green hydrogen solutions in North America.

  • Denmark’s Project Greensand hires NOV for CO2 transfer solution

    30 May 2025
    Business Developments & Projects, Carbon Capture Usage & Storage, Infrastructure, Technology

    INEOS and its partners in Project Greensand, an initiative that aims to set up a large-scale carbon capture and storage (CCS) value chain offshore Denmark by 2026, have selected a provider of an offshore CO2 injection system for the project.

  • Stena Line’s first methanol-ready hybrid ferry wraps up sea trials

    26 June 2025
    Business Developments & Projects, Infrastructure, Vessels

    Stena Futura, the first methanol-ready NewMax hybrid ship built for Swedish ferry company Stena Line, has completed its sea trials in China.

  • Navigator Gas, Amon Maritime form JV to build two ammonia-fueled ammonia carriers

    17 July 2025
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Navigator Holdings (Navigator Gas), a UK-based owner and operator of the ‘world’s largest’ fleet of Handysize liquefied gas carriers, has entered into a joint venture with Norwegian ammonia specialist and shipping company Amon Maritime.

  • Venture Global secures top spot in Germany’s LNG market with expanded SEFE deal

    10 July 2025
    Business Developments & Projects, Project & Tenders

    Germany’s Securing Energy for Europe (SEFE) has finalized an agreement with U.S. energy player Venture Global to purchase an additional quantity of liquefied natural gas (LNG) from a project the latter is developing in Louisiana, United States.

  • Wärtsilä picks up lifecycle optimization job for LNG vessel duo

    2 July 2025
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Wärtsilä has landed a multi-year deal to provide enhanced operational support for two liquefied natural gas (LNG) carriers (LNGC) with Athens-based LNG management company, Alpha Gas.

  • ClassNK validates decarbonization potential of dual-fuel LPG/ammonia carrier newbuild

    1 July 2025
    Certification & Classification, Collaboration, Innovation, Regulation & Policy, Rules & Regulation, Vessels

    The Japanese classification society ClassNK has examined the operational and environmental performance of a recently delivered dual-fuel liquefied petroleum gas (LPG)/ammonia carrier, seeking to confirm whether the unit can ‘successfully’ contribute to green transition efforts. As disclosed, the society evaluated the newbuilding christened Crystal Odyssey under the “Zero-emission Accelerating Ship Finance” program, jointly operated by […]

  • HD Hyundai’s safety solution for ammonia-fueled ships gets KR’s stamp of approval

    16 September 2025
    Business Developments & Projects, Certification & Classification, Regulation & Policy, Safety, Technology, Vessels

    Classification society Korean Register (KR) has granted approval in principle (AIP) for Hi-CLEARS, a safety solution for ammonia-fueled ships, developed by the affiliates of South Korean conglomerate HD Hyundai – HD Hyundai Heavy Industries (HD HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE).

  • $44 billion Alaska LNG project scores new offtake deal with Japanese player

    27 October 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has boosted the commercial momentum of its Alaskan liquefied natural gas (LNG) export development through a deal with Japan’s energy utilities giant Tokyo Gas, representing the fifth agreement in seven months, totaling more than half of the project’s volume.

  • Yang Ming seals the deal for 6 methanol-ready boxships

    30 October 2025
    Infrastructure, Vessels

    Taiwanese shipping company Yang Ming Marine Transport Corporation has signed contracts for six 8,000 TEU methanol dual-fuel-ready containerships with three local shipyards.

  • DeepOcean and Saudi partner to form joint venture for subsea work in Middle East

    4 November 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Vessels, Vision

    Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint venture plans to enter into a five-year charter agreement […]

  • Setec expands marine engineering reach with Sealand Projects acquisition

    7 April 2025
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy, Vision

    French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities. According to Setec, the acquisition expands the company’s service offering in the marine renewables sector and enhances its presence in the UK and Northern Europe. It follows the launch of Setec offshore wind in […]

  • LNG terminal electrification moving forward as contractor gets shore connection job

    5 May 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    KN Energies (KN), former Klaipedos Nafta, has picked a contractor for engineering, procurement, and construction (EPC) works related to its LNG terminal electrification project on Lithuania’s Kiaulės Nugara Island.

  • Prysmian hand-picks CRP Subsea’s cable protection gear for Spanish interconnection project

    7 May 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Prysmian has placed an order with the UK-headquartered CRP Subsea, part of AIS, for a cable protection solution, which will be used on the submarine power interconnection between the Spanish mainland and Ceuta, a Spanish city on the North African coast.

  • Alotta delivers Chile’s first floating solar at Mowi site

    2 June 2025
    Business Developments & Projects, Equipment, Exploration & Production, Project & Tenders, Technology

    Alotta Energy Chile has delivered the country’s first floating solar installation at Mowi’s Isla Huar salmon farm in the Los Lagos region, aiming to cut CO2 emissions and reduce diesel reliance in offshore aquaculture. The system, developed, financed, and installed by Alotta Energy Chile, a subsidiary of Norway-based Alotta AS, forms part of the company’s […]

  • Aker Solutions turns to Norwegian firm for personnel on Northern Lights expansion project

    6 May 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Project & Tenders

    Aker Solutions has hired Multiconsult Norge to supply qualified personnel on a hire-in basis to work as an integral part of its project team, representing the civil disciplines, for the second phase of Northern Lights, part of the Longship full-scale carbon capture and storage (CCS) project.

  • HD Hyundai Philippines kicks off first vessel construction

    2 September 2025
    Infrastructure, Vessels

    South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has held a steel-cutting ceremony for a 115,000-ton petrochemical carrier at its shipyard in Subic Bay in the Philippines.

  • Tsuneishi ‘strengthens’ shipbuilding portfolio with full acquisition of Mitsui E&S unit

    3 July 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Japan’s Tsuneishi Shipbuilding has made the decision to acquire all shares of compatriot Mitsui E&S Shipbuilding from ship equipment manufacturer Mitsui E&S, making it a wholly-owned subsidiary. The transaction was made official on June 30 this year. Going forward, Mitsui E&S Shipbuilding will operate under the name Tsuneishi Solutions Tokyobay. The name change was initially […]

  • ABS and HD Hyundai Mipo to drive digital automation in shipyard operations

    9 May 2025
    Automation, Business Developments & Projects, Certification & Classification, Collaboration, Equipment, IT & Software, Operations & Maintenance, Outlook & Strategy, Regulation & Policy, Research & Development, Technology

    Classification society American Bureau of Shipping (ABS) and South Korean shipbuilder HD Hyundai Mipo (HMD) have signed a joint development project (JDP) to create digital manufacturing-based automation equipment for shipyards.

  • $320M project to store CO2 at Gulf of Thailand gas field gets green light

    9 September 2025
    Business & Finance, Business Developments & Projects

    Thailand’s national oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), has reached the final investment decision (FID) on a carbon capture and storage project (CCS) at a gas field in the Gulf of Thailand.

  • IINO Lines rings the welcome bell to inaugural dual-fuel VLEC for INEOS charter

    8 September 2025
    Business Developments & Projects, Vessels

    Japanese maritime transport player IINO Kaiun Kaisha (IINO Lines) has welcomed the first of two dual-fuel very large ethane carriers (VLECs), which will be chartered out to global manufacturing company INEOS Europe AG. As disclosed, the vessel—named Iino Ineos Vestá—was handed over by South Korean shipbuilding major HD Hyundai Heavy Industries (HD HHI) on September […]