Business Developments & Projects
ESL Shipping has a robust plan to achieve net zero by 2040
Finland-based shipping company ESL Shipping has joined the Science Based Targets initiative (SBTi), committing to setting both near-term and long-term science-based emission reduction targets aligned with the goal of limiting global warming to 1.5°C above pre-industrial levels. In 2021, ESL Shipping
Red Sea crisis: Missile attacks prompt Maersk subsidiary to halt transits, as emissions surge due to rerouting
Two U.S.-flagged containerships, Maersk Detroit and Maersk Chesapeake, operated by Maersk Line, Limited, a U.S. subsidiary of A.P. Moller-Maersk, were targeted by anti-ship missiles while transiting the Bab el-Mandeb on January 24, 2024. The attacks were confirmed by Maersk saying that the two vesse
New CEO taking the reins at SBM Offshore
SBM Offshore has disclosed the departure of its current CEO and Chair of the management board along with the appointment of his successor.
Two new search and rescue choppers coming to work at Equinor’s North Sea assets
Equinor has handed a five-year contract for two new search and rescue helicopters (SAR), which will carry out operations on the NCS.
GTT nets technical services contract for JOVO-operated LNG carriers
French LNG containment specialist GTT has signed two technical services agreements (TSA) with China-based energy supplier JOVO, with contracts covering GTT’s assistance and operational support for JOVO-operated LNG carriers (LNGCs). GTT said it will provide its field expertise for inspections, maint
Tweaks in Falklands development plan come to light but sanctioning of Israeli player’s largest operated project still slated for 2024
Israel’s Navitas Petroleum has revamped its development plan for the Sea Lion project located off the Falkland Islands.
In response to client demand, Rovco grows fleet with new survey vessel
UK-based Rovco has added a second hull-mounted survey vessel to its fleet, a move said to come in response to client demand for geophysical and geotechnical survey solutions. Rovco has entered into a four-year charter agreement with Glomar for the DP2 vessel Glomar Worker. “We are delighted with our
Gas Vitality marks 100th LNG bunkering operation
The Gas Vitality liquefied natural gas (LNG) bunker vessel marked the beginning of the New Year with the completion of its 100th bunkering operation. The 18,600m3 LNG bunker vessel carried out simultaneous operations (SIMOPS) for LNG bunkering, transferring 8,000 m3 of LNG to the MSC Freya, an MSC c
Trafigura aims for six zero-emission ships by 2030
Global commodity trading giant Trafigura has set an ambitious target of having at least six zero-emission green ammonia-fuelled vessels in its fleet by 2030 to achieve a 25% reduction in the GHG intensity of its shipping operations. Trafigura, one of the world’s largest charterers of vessels, is res
Kongsberg put in charge of life cycle simulator project at Equinor’s North Sea gas field
Equinor has handed out a two-year life cycle simulator project to Kongsberg Digital for a gas field in the North Sea off the coast of Norway.
ABB strengthens ship route optimization offer with DTN buy
Switzerland-based technology company ABB has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (DTN Shipping), expanding the company’s offering in maritime software.
Strike action threatens to engulf workers on multiple offshore platforms in UK waters
The offshore workers are pondering whether to go on a strike in a bid to improve their work-life balance.
Neglected at sea: Seafarer abandonment surges, showing once again that critical ‘S’ is missing in sustainability
In a disheartening revelation, the International Transport Workers Federation (ITF) has unveiled alarming statistics regarding the abandonment of vessels in 2023. The figures reflect a worrying increase compared to the previous year, signifying an unsettling trend that demands urgent attention from
BP embarks on its ‘largest-ever’ seismic program at supergiant oilfield
BP has set a major four-dimensional (4D) high-definition ocean bottom node seismic program in motion at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.