Business Developments & Projects
Digital platform for NSR to make Arctic shipping safer
Russia’s icebreaker operator Rosatomflot, part of the Rosatom Group, has signed an agreement to create a unified platform for digital services of the Northern Sea Route.
Report: Three dead, four still missing after FPSO explosion in Nigeria
At least three people have reportedly died following an explosion of the FPSO Trinity Spirit in waters off Nigeria.
Petrobras and Yinson firm up FPSO deal worth over $5 billion
Petrobras and Yinson have signed the contracts for the chartering and provision of FPSO services for the Jubarte field offshore Brazil.
Wight Shipyard to merge with OCEA
Britain’s aluminium shipbuilder, The Wight Shipyard Co., has unveiled an all-share merger with the complementary French shipbuilder OCEA to create a combined group to capitalise on the fast ferry and offshore renewable energy markets opportunities.
HydroWing secures spot to showcase next-generation Tocardo tidal turbines
UK’s HydroWing has secured a berth with 30 MW potential at a Morlais tidal site in Angelsey, Wales, to demonstrate next-generation Tocardo T-2si turbines configured into the HydroWing structure. HydroWing plans a phased approach starting with a commercial demonstrator project in 2023 which will be o
LNG carrier comes for 1st export cargo from Calcasieu Pass
Maran Gas-owned LNG tanker Yiannis has arrived at the new Calcasieu Pass export facility in Louisiana to take over the first export cargo.
BP sees profit surge while working to ‘accelerate greening’
BP saw its profit surge in the last quarter of 2021 as a result of higher oil and gas prices, refining margins, and stronger trading results.
Hapag-Lloyd to deploy first dual-fuel 23,500+ TEU ships in 2023
German container shipping company Hapag-Lloyd plans to deploy the first of its twelve new 23,500+ TEU vessels in 2023, Lutz-Michael Dyck, Senior Director Strategic Asset Projects at Hapag-Lloyd, confirmed.
Triangle on the lookout for interim CEO as current one steps down
Triangle Energy is searching for a potential interim chief executive officer (CEO) after the current one decided to resign from the position.
ORPC to set up testing center for next-gen RivGen device
Ocean Renewable Power Company (ORPC) has partnered up with nonprofit organisation Our Katahdin to create a testing center in Maine, the U.S., to support the next-generation design and development of its RivGen river hydrokinetic power system. The testing centre for the device that generates electric
Unifeeder bunkers VARO’s renewable biofuel in ‘major decarbonisation move’
Short-sea operator Unifeeder Group has bunkered its first sustainable 100% biofuel from oil refiner and supplier VARO Energy in the Port of Rotterdam as part of the collaboration targeting reduced carbon footprint of the shipping industry.
Defense technology firm buys Dive Technologies
Defense technology company Anduril Industries has acquired Boston-based subsea robotics designer and manufacturer Dive Technologies. Anduril said that this acquisition expands its suite of autonomous systems, extends its unmanned capabilities to the undersea domain, and significantly accelerates its
Eco advances Azinam deal as drilling plans take shape
Eco Atlantic is one step closer to finalising its 2022 drilling plans and completing the acquisition of Azinam Group and its asset portfolio.
New study to explore converting tanker to containership
Swedish tanker shipping company Concordia Maritime has launched a technical design study on the conversion of a tanker to a container vessel.