Business Developments & Projects
HSHI orders GTT tank design for 6 LNG-fueled ships
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the fuel tank design of six LNG-fueled container vessels from French LNG containment specialist GTT.
Damen to build RoPax fleet for Malaysian Penang Port
Dutch shipbuilder Damen Shipyards Group has been contracted by Malaysia’s Penang Port to build up to five roll-on/roll-off passenger (RoPax) ferries to replace the current fleet.
SIMEC Atlantis’ novel pitch system advance leads to greater tidal turbine capacity
SIMEC Atlantis Energy, together with its partner Asturfeito, has developed a new pitch system that enables the rotor diameter and rated capacity of tidal energy turbines to increase.
Golar LNG: CoolCo wraps up $250m private placement
Bermuda-based LNG shipper Golar says its newly-formed company CoolCo, which will acquire its eight LNG carriers, has successfully closed an upsized private placement of $275 million in new shares.
ZIM, 2M go separate ways on transpacific route
Israeli shipping company ZIM Integrated Shipping Services has decided to end the cooperation with the 2M alliance members Maersk and Mediterranean Shipping Company (MSC) on key transpacific trades.
PGS: Seismic market weaker in 2021, but gradually recovering
Norway-based Petroleum Geo-Services (PGS) has reported an almost $6 million decrease in segment revenues in 2021 compared to 2020 due to, as the company says, the overall seismic market being “weaker”. Segment revenues and other income reached $590 million in 2021, compared to $595.9 million in 2020
India: ONGC taps L&T for pipeline replacement project
L&T Hydrocarbon Engineering (LTHE) has secured a contract from Oil & Natural Gas Corporation (ONGC) for operations on India’s west coast.
Welsh marine energy firm seeks platform deployment system designer
Marine Power Systems (MPS) has announced a tender for a contractor to design and build a platform deployment system for its megawatt-scale wind and wave energy demonstrator.
JAPEX and Petronas to jointly study CCS in Malaysia
Japan Petroleum Exploration (JAPEX) has agreed to conduct a joint study for CO2 capture and storage (CCS) in Malaysia with the country’s national energy company Petronas.
Ashtead expands Middle East portfolio with new reseller deal
Ashtead Technology, a subsea technology specialist, has signed a multi-year reseller agreement with Norbit Subsea, a provider of technology solutions to the global maritime sector.
Shell starts power-to-hydrogen operations in China
Energy giant Shell has started production of green hydrogen at the power-to-hydrogen electrolyser in Zhangjiakou, one of the world’s largest H2 electrolysers.
Volkswagen opts for green ship recycling
Germany’s transport and logistics company Volkswagen Group Logistics, part of Volkswagen AG, has become a signatory of the Ship Recycling Transparency Initiative (SRTI), an information disclosure platform hosted by the Sustainable Shipping Initiative (SSI).
TEK Ocean Spirit getting ready for Marinus Link duty
Marine engineering geotechnical site investigation (MEGSI) of Australian Marinus Link, a proposed 1500 MW subsea and underground electricity connection between Victoria and Tasmania, is about to begin.
MOL and Mitsui ink LNG carrier time charter deal
Japanese shipping major Mitsui O.S.K. Lines (MOL) has concluded a time charter contract for a newbuild LNG carrier with compatriot shipping company Mitsui & Co.