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Neu Seeschiffahrt to equip its fleet with Yara Marine’s FuelOpt
German shipping company Neu Seeschiffahrt and Yara Marine technologies (YMT) have signed an agreement to install the propulsion optimization technology YMT’s FuelOpt across Neu Seeschiffahrt’s fleet.
CorPower Ocean’s wave energy device starts exporting power to Portugal’s grid
CorPower Ocean has completed the first steps of the commissioning program for its commercial-scale wave energy converter – the CorPower C4 – enabling the device to start exporting power to the Portugal’s grid.
Vår Energi revamps oil spill detection technology on assets off Norway
Vår Energi has hired Vissim to fit a new and upgraded oil spill detection solution at its installations on the Norwegian continental shelf.
Overseas Shipholding buys BP’s methanol-ready tanker
US-based Overseas Shipholding has signed an agreement with BP Oil Shipping Company to purchase a methanol-ready tanker.
US firm orders subsea-tracked trenching vehicle to back offshore wind work
U.S. cable installation contractor Caldwell Marine International (CMI) has placed an order with Royal IHC Offshore Energy for a subsea-tracked trenching vehicle, expected to support its future work in the U.S. offshore wind sector. The scope of the contract award includes the new Amphibious Hi-Traq
Wallem appoints John Rowley as new CEO
The CEO of Wallem Group John-Kaare Aune is stepping down from his role following a transitional period, culminating in his departure in January 2024. Aune’s journey with Wallem commenced in 2019 when he assumed the role of Managing Director, Shipmanagement. Subsequently, in January 2021, he ascended
Equinor gets clearance to dispatch Odfjell rig for drilling ops in North Sea
Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.
World’s 1st LNG-fueled Panamax-class coal carrier starts operations
The world’s first LNG-fueled Panamax-class coal carrier, named Shoyo, has kick-started commercial operations after being bunkered with its first fuel at the beginning of October. The vessel was built by Japanese shipbuilder Oshima Shipyard for compatriot Nippon Yusen Kabushiki Kaisha (NYK) and Kyush
Hudong-Zhonghua hands over third LNG carrier to CSSC Shipping
China’s Hudong-Zhonghua Shipbuilding has delivered the third LNG carrier to CSSC Shipping, the financial leasing entity of China State Shipbuilding Corporation (CSSC), and is on track to set a new record in annual LNG carrier deliveries. The 174,000 cubic meter LNG carrier named Wen Cheng was delive
CIMC SOE hosts delivery ceremony for Fratelli Cosulich’s LNG bunkering ship
China’s CIMC SOE has held a delivery signing ceremony for Italian shipowner Fratelli Cosulich’s 8,200 m3 LNG bunkering ship Alice Cosulich. The vessel has a total length of 113 m, a molded width of 20 m, a molded depth of 13.5 m, a design draft of 6.35 m and a load capacity of about 5,300 […]
World’s most compact marine hydrogen fuel cell in the making
Norwegian cleantech company TECO 2030 has elaborated on “the world’s most power-dense marine and heavy-duty hydrogen fuel cell module”, the FCM400.
With different decarbonization pathways in play, how are NOCs holding up against IOCs?
Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.
Are Gulf of Mexico vessel restrictions a boon for whales but a curse for America’s offshore oil & gas industry?
New report warns that restrictions on oil & gas vessels in the Gulf of Mexico will undermine U.S. energy security and hamper economic growth.
DP World raises $1.5 billion for decarbonization
Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant investments. DP World said that the Sukuk was oversub