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Business Developments & Projects

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NKT nearing finish line for its Swedish expansion project
Business Developments & Projects

Swedish company wins $109M deal for next phase of NKT cable factory expansion

Sweden’s construction company Skanska has signed a SEK 1.2 billion (approximately $109 million) contract with Denmark-headquartered power cable manufacturer and installation firm NKT for the next stage of the cable factory expansion in Karlskrona, Sweden. According to Skanska, the agreement, booked

about 1 year ago
Latest addition completes GOGL’s 85,000 dwt eco-friendly Kamsarmax fleet
Business Developments & Projects

Latest addition completes GOGL’s 85,000 dwt eco-friendly Kamsarmax fleet

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Golden Ocean Group (GOGL) has taken delivery of the final environmentally-friendly 85,000 dwt Kamsarmax bulk carrier from CSSC Tianjin Shipyard, a subsidiary of China’s Dalian Shipbuilding Industry Company (DSIC).

about 1 year ago
‘Landmark’ deal to establish green hydrogen supply chain between Belgium and Oman
Business Developments & Projects

‘Landmark’ deal to establish green hydrogen supply chain between Belgium and Oman

Collaboration between Belgium and Oman has been strengthened with a new memorandum of understanding (MoU) signed by the Belgian Hydrogen Council and Hydrom.

about 1 year ago
Noble Patriot semi-submersible rig; Source: Noble Corporation
Business Developments & Projects

Noble rigs score more work with TotalEnergies, BP, and TAQA as Inpex opts for early termination

Noble Corporation has secured further work for two floaters in Nigeria with France’s TotalEnergies and in the UK with TAQA while one of its jack-up rigs also got more work in Britain with BP. However, Inpex has decided to break off the deal in Australia for one of the rig owner’s floaters.

about 1 year ago
A digital rendering of an LNG carrier
Business Developments & Projects

LR provides insight into its stamp of approval for GTT’s new LNG carrier design

The UK-based classification society Lloyd’s Register (LR) has shared the rationale behind granting an approval in principle (AiP) to French technological containment specialist Gaztransport & Technigaz (GTT) for its 200,000 cubic meters (cbm) liquefied natural gas (LNG) carrier concept.

about 1 year ago
FSRU Independence; Source: Höegh Evi, former Höegh LNG
Business Developments & Projects

Ownership of FSRU deployed in Europe changes hands

KN Energies has taken possession of a floating storage and regasification unit (FSRU) working at its LNG terminal on Lithuania’s Kiaulės Nugara Island.

about 1 year ago
DNV spotlights strategies for cutting FuelEU Maritime compliance costs
Business Developments & Projects

DNV spotlights strategies for cutting FuelEU Maritime compliance costs

While compliance with upcoming regulations will be expensive, applying certain strategies and measures can significantly reduce the cost, according to a new white paper from classification society DNV.

about 1 year ago
GSL
Business Developments & Projects

Global Ship Lease to purchase four Post-Panamax ECO boxships for $274 million

London-based containership owner Global Ship Lease (GSL) has penned a deal to purchase four high-reefer ECO 9,115 TEU containerships for an aggregate purchase price of $274 million. According to London-based data provider VesselsValue, the boxships were built by the Philippines-based Hanjin Subic sh

about 1 year ago
Danish HØST PtX Esbjerg project gains ground
Business Developments & Projects

Danish HØST PtX Esbjerg project gains ground

The Danish Environmental Agency has granted the HØST PtX Esbjerg project the primary environmental approvals – EIA approval of the project and environmental approval of the facility, marking a milestone in the project’s development.

about 1 year ago
AKOFS Seafarer; Source: AKOFS Offshore
Business Developments & Projects

$300M extension keeps AKOFS vessel busy offshore Norway

Equinor has prolonged a well intervention assignment for one of Oslo-headquartered AKOFS Offshore’s vessels on the Norwegian Continental Shelf (NCS).

about 1 year ago
(left to right – standing): Bernardo Xavier, operations director, Proper Marine; Guilherme Leal, engineering director, Proper Marine; (sitting) Hugo Jordao, finance & business development director, Pr
Business Developments & Projects

ABL Group to acquire Brazilian engineering firm to advance its capabilities

Norway’s ABL Group has entered into an agreement to acquire Proper Marine, a Brazilian naval architecture and engineering consultancy, with the aim of bolstering its design and engineering capabilities. According to ABL Group, the acquired company will integrate with the Norwegian company’s existin

about 1 year ago
Deepsea Bollsta rig; Source: Northern Ocean
Business Developments & Projects

Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins

Northern Ocean (NOL) has confirmed a short-term assignment with an undisclosed operator on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently under contract in Africa.

about 1 year ago
Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration
Business Developments & Projects

Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration

Liquid Wind signed a collaboration agreement with SAMSUNG E&A to accelerate the development of e-fuel projects beyond Europe, in Asia, Africa, and the Middle East.

about 1 year ago
WinGD
Business Developments & Projects

‘Major shipowner’ goes on 16-engine spree for its LNG carrier octet

Swiss marine power company WinGD has received an order for 16 X-DF dual-fuel engines that are set to power eight liquefied natural gas (LNG) carriers following a late-stage change of heart by what the firm says is a “major shipowner.”

about 1 year ago