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China’s first diesel-electric hybrid ASD tug delivered
China’s shipbuilder Jiangsu Zhenjiang Shipyard has completed and delivered the first domestic diesel-electric azimuth stern drive (ASD) tugboat, Yonggang Tuo 80.
Euronav to acquire CMB.TECH for $1.25 billion
Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversificati
Dolphin Drilling hit with legal action over rig termination deal
Dolphin Drilling is now facing legal action after ending a contract in Nigeria for a semi-submersible rig with Peak Petroleum Industries Nigeria Limited (Peak Petroleum).
Hutchison Ports welcomes LNG-powered 23K TEU colossus CMA CGM Palais Royal
On December 19, Hutchison Ports BEST terminal received 23,000 TEU containership CMA CGM Palais Royal, one of the world’s largest liquefied natural gas (LNG)-powered vessels.
Hands full for TGS in North Sea
Oslo-headquartered TGS has secured an ocean bottom node (OBN) data acquisition contract in the North Sea for a repeat customer. The three-month proprietary OBN data acquisition is set to begin in the second quarter of 2024. TGS did not reveal any other information about the work scope or the contrac
Empyrean eyes drilling ops for big prospect off China in 2024
Empyrean Energy is setting the stage to drill a high-impact prospect next year in Block 29/11 offshore China.
Neste: Porvoo refinery to be gradually transformed into renewable and circular solutions refining hub
Finnish company Neste has completed the strategic study and begins a gradual transformation of its crude oil refinery in Porvoo into a renewable and circular solutions refining hub. Neste launched the strategic study in September 2022 with an aim to significantly grow its renewables and circular pro
Prosafe: With new vessel tenders on the horizon, tightening of supply on the cards
Oslo Stock Exchange-listed Prosafe is in high hopes over the upcoming tendering activity for 2025 and beyond, as the market tightens.
MODEC and Toray unveil FPSO and FSO repair technique
MODEC and Toray have pooled resources to develop a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on FPSOs and FSOs.
Norway’s gas production on the rise but oil still slightly below forecast
Norway saw a slight rise in oil production in November 2023 compared to the volume seen in October 2023 and last year.
K Line’s new bulker to become world’s largest ship using only green steel
K Line has decided to employ JGreeX, the green steel product manufactured by JFE Steel Corporation (JFE Steel), for one of its newbuild bulkers.
Navigating the new normal: Vessel rerouting spurs higher emissions as ships avoid the Red Sea
In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, includin
Allseas starts subsea pipelay work for BP’s giant LNG project in Africa
Swiss-based construction company Allseas has commenced work on UK energy major BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) liquified natural gas (LNG) project offshore Mauritania and Senegal, with its vessels executing the subsea pipelay scope. According to Allseas, its construction support ve
Vitol completes first biofuel delivery in UAE, consolidates shipping activities
Switzerland-based energy and commodities company Vitol has completed its first biofuel deliveries in Fujairah, the United Arab Emirates (UAE).