Business Developments & Projects
Danaos returns to Yangzijiang for two more methanol-ready containerships
Greek shipowner Danaos Corporation has placed a $188.4 million order for the construction of two methanol-ready 8,258 TEU containerships at Yangzijiang shipyard in China. The latest fleet renewal move brings the company’s orderbook to twelve ECO methanol-ready containership newbuilds with an aggrega
HAROPA starts work on shore power connections at Le Havre cruise terminal
The construction of electricity supply connections to ships at berth has officially begun at the Le Havre cruise terminal, France. Led by HAROPA PORT, the 5th largest port complex in Northern Europe, the strategic project aims to reduce emissions from cruise activity by electrifying cruise docks. By
CMB launches Euronav takeover bid
Belgian shipping major Compagnie Maritime Belge (CMB) has launched its mandatory public takeover bid on all shares in Euronav that are not already directly or indirectly owned by CMB or its affiliates. The move comes after CMB, Euronav’s biggest shareholder, struck a deal with Frontline in October 2
GTT nets tank design order for eight new very large LNGCs
French LNG containment specialist GTT has received an order from a Chinese shipyard for the tank design of eight new very large liquefied natural gas carriers (LNGCs). GTT said it will design the tanks for these eight LNG carriers, which will each offer five tanks with a total capacity of 271,000 m3
First gas flows from North Sea project 22 months after final investment decision
Petrogas E&P Netherlands has kicked off production from a gas field in the northern part of the Dutch North Sea.
Double whammy for Vår Energi in North Sea as both wells come up dry
Vår Energi has drilled two wildcat wells in the North Sea, using one of Odfjell Drilling-managed semi-submersible rigs.
Chesapeake, Delfin and Gunvor ink long-term LNG liquefaction offtake deal
Chesapeake Energy Corporation, Delfin LNG, a subsidiary of Delfin Midstream, and Gunvor Group, through Gunvor Singapore, have entered into a liquefied natural gas (LNG) export deal that includes executed sales and purchase agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeak
Two out of six platforms hit the water for Dutch offshore solar pilot
Dutch-Norwegian company SolarDuck has launched the first two platforms for the Merganser offshore floating solar demonstration project into the water at TMA Logistics in Amsterdam, Netherlands. The Merganser offshore floating solar demonstrator plant will have an installed capacity of 520 kWp and wi
HAV Hydrogen secures fresh funding for H2 energy system for ships
HAV Hydrogen, a subsidiary of HAV Group, has received NOK 12.4 million (around $1.18 million) in funding from Innovation Norway to build, test, and certify a full-scale prototype of a containerized hydrogen (H2) energy system for ships called Zero Emission Pod. The Zero Emission Pod is a complete de
23 methanol-powered ships ordered since the start of 2024
The maritime industry’s fervor for alternative fuels shows no signs of abating as we enter 2024. According to data from DNV-Maritime, since the beginning of the year, 23 methanol-fueled ships have been to the Alternative Fuels for Shipping Index (AFI) database. The ordering has been dominated by the
Star Bulk adds three more ECO Kamsarmaxes
Athens-based dry bulk shipping firm Star Bulk Carriers has brought its newbuilding tally of ECO Kamsarmax to five after revealing that it has contracted Qingdao Shipyard Co. for three more 82,000 dwt newbuilding vessels. Namely, in November 2023 Star Bulk revealed it had ordered two high-specificati
Expro acquires UK firm to expand well construction and intervention portfolio
Energy services provider Expro has entered into a definitive agreement to acquire Scotland-based well integrity and production optimization company Coretrax, from an investment group led by Buckthorn Partners, for a total consideration of approximately $210 million. By acquiring Coretrax, Expro said
Nordsol’s new plant getting closer to supplying bio-LNG to maritime sector
FirstBio2Shipping, a bio-LNG project developed by Dutch companies Attero, Nordsol and Titan, is nearing production of the first bio-LNG to be supplied to the maritime sector. On February 13 Nordsol shared a social media update stating that good progress was made in the construction of the bio-LNG pl
Irish floating wind and wave energy test site seeking floating LiDAR services
The Sustainable Energy Authority of Ireland (SEAI) has issued a call for tenders for a floating LiDAR and associated provision of data for the Atlantic Marine Energy Test Site (AMETS). The scope of work under the contract that will be awarded through the tender includes the installation, operation,