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Business Developments & Projects

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Grimaldi pours $1.3 billion into new methanol-ready Ro-Pax fleet
Business Developments & Projects

Grimaldi pours $1.3 billion into new methanol-ready Ro-Pax fleet

Italian shipping group Grimaldi has placed a $1.3 billion order for nine methanol-ready Roll-On/Roll-Off Passenger (Ro-Pax) vessels at China Merchants Jingling Shipyard (Weihai) as part of its fleet expansion and renewal agenda.

about 1 year ago
MSC’s cruise division officially opens new sustainable terminal in Barcelona
Business Developments & Projects

MSC’s cruise division officially opens new sustainable terminal in Barcelona

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The cruise division of Switzerland-based shipping major MSC Group has officially inaugurated the new MSC Barcelona terminal in Spain, with EXPLORA II, the second ship from luxury lifestyle ocean travel brand Explora Journeys, making the first call.

about 1 year ago
Illustration; Source: Rystad Energy
Business Developments & Projects

Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons

Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays.

about 1 year ago
A large vessel at sea
Business Developments & Projects

GMS finds work for jackup barge in Arab Gulf region

Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels to the offshore energy industry, has secured a contract for one of its large‐class vessels in the Gulf Cooperation Council (GCC).

about 1 year ago
Ireland-headquartered GKinetic Energy will test its 3 kW waterpower generator at the Ifremer flume tank in Boulogne-sur-Mer, France, as part of preparations for commercial pilots scheduled for later t
Business Developments & Projects

GKinetic Energy heads to France for waterpower generator testing

Ireland-headquartered GKinetic Energy will test its 3 kW waterpower generator at the Ifremer flume tank in Boulogne sur Mer, France, as part of preparations for commercial pilots scheduled for later this year. The testing campaign is supported by the RISEnergy Transnational Access (TA) programme, an

about 1 year ago
Fincantieri and Viking launch ‘world’s first’ hydrogen-powered cruise ship; ink deal for two new units
Business Developments & Projects

Fincantieri and Viking launch ‘world’s first’ hydrogen-powered cruise ship; ink deal for two new units

Italian shipbuilder Fincantieri and Swiss cruise line Viking have launched the “world’s first: cruise ship to be powered by hydrogen stored onboard for propulsion and electricity generation.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business Developments & Projects

Aramco firms up 20-year LNG offtake deal with US player

Aramco has signed a multi-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Houston-headquartered NextDecade Corporation, ensuring offtake from an LNG export project located in Texas, United States (U.S.).

about 1 year ago
An LNG terminal
Business Developments & Projects

Spanish LNG firm reaches new heights with operations in 30 countries

Spanish LNG terminal operator Reganosa Group has expanded its global footprint to 30 countries.

about 1 year ago
Illustration: Source: Wood Mackenzie
Business Developments & Projects

Trump’s ‘economic revolution’ leaves US energy industry at tariff wars’ mercy

Wood Mackenzie has underlined that the U.S. power industry is among the most exposed areas to the shockwaves of U.S. President Donald Trump’s tariff hikes, which are forecast to result in a slower global growth and weaker demand for many commodities, including oil.

about 1 year ago
APM Terminals and Hateco inaugurate Haiphong terminal in Vietnam
Business Developments & Projects

APM Terminals and Hateco inaugurate Haiphong terminal in Vietnam

APM Terminals, an independent entity of Danish shipping giant A. P. Moller – Maersk, and Vietnam’s Hateco Group have celebrated the grand opening of the new terminal in Haiphong, Vietnam.

about 1 year ago
E-methanol from ‘world’s largest’ commercial PtX plant gets EU green fuel certification
Business Developments & Projects

E-methanol from ‘world’s largest’ commercial PtX plant gets EU green fuel certification

The Kassø Power-to-X facility in Aabenraa, Denmark, also known as the world’s largest commercial e-methanol facility, has received the first EU certification for green fuels.

about 1 year ago
UK
Business Developments & Projects

UK firms set to benefit from €35M fund supporting clean maritime technologies

The sixth round of the Clean Maritime Demonstration Competition (CMDC), a UK government-funded initiative to support the delivery of net zero emissions across the maritime industry, is currently open for bidders until April 16, 2025.

about 1 year ago
'Offshore industry's first’ vessel geometry assurance software comes to market
Business Developments & Projects

‘Offshore industry’s first’ vessel geometry assurance software comes to market

UK energy solutions provider OEG Energy Group has unveiled what it says is the offshore industry’s first dedicated vessel dimensional control assurance solution for survey and positioning systems onboard vessels and subsea vehicles to feature calibration software. GEOBASE provides an independent res

about 1 year ago
Two LNG tankers at berth
Business Developments & Projects

ExxonMobil unveils names for new LNG sister ships

ExxonMobil LNG, a subsidiary of the U.S. energy giant ExxonMobil, has named two liquefied natural gas (LNG) tankers it will charter from South Korea’s H-Line Shipping.

about 1 year ago