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Japanese majors to develop next-gen eco-friendly VLCC, set to cut GHG emissions by 40%
Japanese maritime leaders Idemitsu Tanker Co., Iino Kaiun Kaisha, Nippon Yusen Kabushiki Kaisha (NYK), and Nippon Shipyard Co. have joined forces to create a consortium to design and build a low-emission Very Large Crude Carrier (VLCC). The consortium is targeting up to 40% reduction in greenhouse g
Nebula Energy buys majority stake in AG&P LNG for $300 million
Nebula Energy, a fully integrated investment management firm focused on LNG and CCS sectors, has acquired a majority stake in AG&P LNG, a subsidiary of AG&P Group and developer of LNG terminals and downstream infrastructure. On January 31, Nebula Energy announced it is investing $300 million in AG&P
HD HHI, Seoul National University team up on eco-friendly ship technology
South Korean shipbuilder HD Hyundai Heavy Industries is working together with Seoul National University to develop eco-friendly ship technology through the advancement of sloshing technology in ship cargo holds.
Accelerating innovation in maritime through startup-corporate partnerships
Startup-corporate partnerships are becoming increasingly important as the maritime sector experiences a greater demand for innovation. At the Offshore Energy Exhibition & Conference 2023, Buccaneer, a company that sources and supports startups and scaleups in the maritime, and PortXL, a B2B maritime
SLB and Equinor come closer to fully autonomous drilling with ‘exciting milestone’ off Brazil
SLB and Equinor have made inroads in bringing fully autonomous drilling operations to life while drilling a well section off Brazil.
Chiyoda, NYK, and KNCC explore the feasibility of CCUS value chain
Japanese engineering company Chiyoda Corporation, compatriot shipping major Nippon Yusen Kabushiki Kaisha (NYK), and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) have conducted a joint study to quantitatively evaluate and verify the feasibility of the carbon capture, utilization, and storage
TFG Marine welcomes LNG dual-fueled bunker tanker for Singapore operations
TFG Marine, an international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has christened the first liquefied natural gas (LNG) duel-fueled bunker tanker to join its fleet.
Saipem reports pipelayer incident offshore Australia
Italian oilfield services provider Saipem has reported that an incident occurred on its pipelaying vessel during operations offshore Australia. Saipem announced that early this morning, January 30, an incident occurred on the Castorone pipelay vessel off the waters of Australia during normal pipelay
SSI’s research program to empower business leaders with ‘actionable insights’
The Sustainable Shipping Initiative (SSI) has launched its State of Sustainable Shipping (SoSS) program, bankrolled by Lloyd’s Register Foundation. Expanding on the Roadmap to a Sustainable Shipping Industry, the SoSS program hones in on six crucial vision areas: Oceans, Communities, People, Transpa
Masdar and CMA CGM forge green maritime fuels alliance
Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supp
Erik Thun picks Cetasol’s AI solution to boost energy management of 50 ships
Swedish shipping company Erik Thun Group has chosen an AI-based solution developed by compatriot company Cetasol to enhance the energy management of nearly 50 vessels.
With new batch of drillship deals, Seadrill reels in $97.5 million
Seadrill has disclosed a new contract award and extension, totaling approximately $97.5 million in value, for two drillships.
bound4blue to install eSAIL on innovative newbuild vessel for the first time
Spanish cleantech engineering company bound4blue has been selected to install a 22-metre-high eSAIL onboard the newbuild multipurpose cargo vessel NA PAE E HIRO, owned by shipping company SNA TUHA’A PAE (SNA).
ACUA Ocean joins forces with Genevos for next-gen hydrogen-powered USVs
ACUA Ocean, a manufacturer of hydrogen-powered uncrewed surface vessels (USVs), and Genevos, a hydrogen fuel cell power systems integrator, have signed a memorandum of understanding (MoU) for a commercial collaboration to develop next-generation hydrogen-powered USVs (H-USV). The strategic collabora