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‘World’s first’ 700 TEU pure battery-powered containerships are here
China’s shipping company COSCO Shipping Development has taken delivery of two 700 TEU electric containerships built by COSCO Shipping Heavy Industry (Yangzhou), part of COSCO Shipping Group.
US firm taking over Brazil’s only FPSO operator, thanks to $390 million deal for Ocyan
EIG is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry.
WATCH: All about upgrade works for three new jack-up rigs in drilling player’s fleet
Arabian Drilling has provided an update on the upgrades to its new offshore rigs, which have been hired for drilling ops by Aramco.
Vår Energi holds no stake in North Sea field after sale wraps up
Vår Energi has completed the divestment of its entire interest in a field located in the Norwegian part of the North Sea to Petrolia NOCO (Petrolia).
GAC Germany to open office in Stade as it readies for LNG vessel surge
GAC Germany, a provider of shipping and logistics services in Northern Europe and a subsidiary of the UAE-based Gulf Agency Company (GAC), is set to open a new office in Stade on January 1, 2024.
Mermaid Maritime gets its hands on multi-million loan to repay vessel acquisition
Mermaid Maritime has entered into a facility agreement loan with SinoPac Capital International (HK) Limited to borrow up to $10 million.
IAPH President: Ports should not compete but collaborate to ensure infrastructure for green fuels
Jens Meier, President of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority has called on ports to actively collaborate on knowledge sharing between themselves and the maritime community to accelerate decarbonization.
After delivering converted FPSO to MODEC, Seatrium gets its hands on refinancing of over $303 million
Seatrium has secured early refinancing of S$400 million (more than $303.13 million) from DBS Bank Limited with an option to convert to a sustainability-linked loan.
Keel laid for Star of the Seas, Royal Caribbean’s next LNG-powered cruise ship
Finnish shipbuilder Meyer Turku has celebrated the end of 2023 with another big milestone — the hull assembly of Royal Caribbean International’s Star of the Seas has begun at the yard.
Electrification: Key to unlocking untapped oil & gas reserves and augmenting production
The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online.
Fincantieri lands €415 million green loan
Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R
Subsea interconnectors as protagonists of offshore renewable grid story
Subsea interconnectors open new opportunities for sharing the access and use of renewable energy between countries while upping the decarbonization ante and strengthening the security of electricity supply.
As 410-day campaign wraps up, TGS sets record for ‘longest deepwater node survey’
TGS has completed a 410-day deepwater node survey campaign offshore Guyana ahead of schedule, setting a record for the longest deepwater node survey. On December 1, the final node recovery marked the culmination of three exclusive ocean bottom node (OBN) surveys commissioned by ExxonMobil Guyana. TG
China dominates global shipbuilding, South Korean giants expected to miss annual targets
China continues to assert its dominance on the global shipbuilding scene, China Daily reported citing data from the Ministry of Industry and Information Technology. China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023,