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Business Developments & Projects

Klaveness unifies digital services to enhance maritime technology integration

Norwegian shipping company Torvald Klaveness has decided to consolidate all digital services with the purpose of focusing on the creation of ‘smarter’ and ‘more’ efficient digital solutions for the maritime industry. As disclosed, the digital offerings are set to be merged under Klaveness Digital, w

about 1 year ago

Business Developments & Projects

New MIT Maritime Consortium sets out to tackle industry challenges

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Maritime industry leaders and the Massachusetts Institute of Technology (MIT) have formed a new consortium to address challenges in the global shipping industry.

about 1 year ago

Business Developments & Projects

Cheniere reaches 4,000th LNG cargo mark ‘faster than any producer in history’

U.S. liquefied natural gas (LNG) producer and exporter Cheniere Energy has celebrated the 4000th shipment of LNG cargo at its terminal in Louisiana.

about 1 year ago

Business Developments & Projects

Large ships can save close to $500,000 on fuel costs by adopting wind propulsion, new study reveals

There are significant economic and climate benefits of using wind-assisted propulsion to power global shipping, a new report by marine NGO Seas At Risk found.

about 1 year ago

Business Developments & Projects

16 applicants pursuing Denmark’s $4.1 billion carbon capture and storage fund

The Danish Energy Agency has received applications from 16 companies in the call for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion (around $4.1 billion) available to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, tr

about 1 year ago

Business Developments & Projects

Vessev readies to debut hydrofoil technology as it docks in the US market

New Zealand-based electric hydrofoiling technology company Vessev has dropped anchor in the United States market with the launch of its first office in the country, driven by an ambition to address the increasing demand for sustainable maritime solutions. As disclosed, the opening of the new office—

about 1 year ago

Business Developments & Projects

NEO Energy and Repsol merging North Sea ops to bolster resilience in ‘tough’ UK conditions

Aberdeen-based full-cycle energy business New European Offshore (NEO Energy) has reached an agreement with Repsol Resources UK, a subsidiary of Spanish energy giant Repsol, to combine their North Sea businesses.

about 1 year ago

Business Developments & Projects

NIM-led project to develop ‘world’s first’ liquid hydrogen-powered general cargo ship

Led by the Dutch Innovation Company (NIM) and supported by the Dutch government, a new project has been launched to develop the “world’s first” zero-emission general cargo ship powered by liquid hydrogen.

about 1 year ago

Business Developments & Projects

Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal

Italian cabling company Prysmian Group and Dutch integrated subsea solutions service provider N-Sea Group have signed a seven-year framework agreement for rapid response maintenance and repair of submarine cables. The collaboration targets enhanced energy security, bolstering the resilience of subma

about 1 year ago

Business Developments & Projects

LNG cargo export indexed to Singaporean firm’s futures for the ‘first time’

A liquefied natural gas (LNG) cargo has been indexed to the LNG futures of Abaxx Commodity Exchange and Clearinghouse, owned by Abaxx Singapore, whose majority shareholder is financial software and market infrastructure company Abaxx Technologies, in what the firm says is the first over-the-counter

about 1 year ago

Business Developments & Projects

Shell picks McDermott to provide ‘full suite of offerings’ for its portfolio

U.S. offshore engineering and construction player McDermott has secured an enterprise framework agreement (EFA) with the UK-headquartered energy giant Shell for engineering and procurement services and integrated project management team services (IPMT).

about 1 year ago

Business Developments & Projects

PIL inks two MoUs to drive sustainable maritime operations and supply chain decarbonization

Singaporean shipping company Pacific International Lines (PTE) has signed memoranda of understanding (MoU) with two companies to further its journey towards sustainable maritime operations and supply chain decarbonization.

about 1 year ago

Business Developments & Projects

LNGameChanger: New project zeroes in on LNG-fueled shipping with onboard CCS

A Norwegian consortium led by HAV Group has unveiled a new research project focused on LNG-fueled shipping with onboard carbon capture and storage (CCS).

about 1 year ago

Business Developments & Projects

No luck for OMV as its North Sea wildcat comes up dry

OMV Norge, a Norwegian subsidiary of Austria-headquartered oil and gas player OMV, has failed to find hydrocarbons at its wildcat in the northern part of the North Sea, resulting in the well’s plug and abandonment.

about 1 year ago