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Business Developments & Projects

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PaxOcean, new DWT vessel
Business Developments & Projects

PaxOcean clinches deal for new cable laying vessel to bolster Japan’s offshore wind

Singapore-based shipbuilding player PaxOcean has landed a contract with Japan’s Penta-Ocean Construction to construct a 14,000 deadweight tonnage DWT cable laying vessel (CLV), seen as a “key project” in Japan’s offshore wind industry. According to PaxOcean, the vessel is expected to be delivered in

about 1 year ago
Port of Açu and Yamna earmark land for 1 mtpa green ammonia plant
Business Developments & Projects

Port of Açu and Yamna earmark land for 1 mtpa green ammonia plant

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London-based Yamna has signed a land reservation agreement with the Brazilian Port of Açu to develop a green ammonia plant.

about 1 year ago
FPU Salamanca; Source: Audubon
Business Developments & Projects

First oil from ‘world class’ Gulf of Mexico project on track for mid-2025 as FPU nears completion

U.S.-headquartered LLOG Exploration is closing in on the first oil production from a deepwater project in the U.S. Gulf of Mexico as a floating production unit (FPU) destined for work at this oil development achieves refurbishment progress, which is expected to be wrapped up soon.

about 1 year ago
Captain Arctic
Business Developments & Projects

Levelling up maritime decarbonization game: Captain Arctic, a new solar sails/electric cruise ship concept

The year 2024 was marked by innovative projects in the maritime industry which witnessed the increased adoption of various wind propulsion solutions. Toward year’s end, a ‘revolutionary’ new solar sails-equipped cruise ship concept hit the headlines.

about 1 year ago
COSL Innovator rig; Source: COSL
Business Developments & Projects

Phased FPSO restart underway as COSL prepares to drill next well in North Sea

Serica Energy is progressing with a phased restart of oil and gas production at an FPSO in the North Sea, which is working on its oil and gas assets on the UK Continental Shelf (UKCS).

about 1 year ago
An offshore platform with a vessel next to it
Business Developments & Projects

PM wants Vietnam’s first LNG power plants online by June as delays loom

Following delays related to the startup of Vietnam’s liquefied natural gas (LNG) projects under development announced at a recently held industry event, the country’s Prime Minister has called for stepping up the ante on starting their commercial operation.

about 1 year ago
50Hertz finds contractors for boulder removal campaign
Business Developments & Projects

Axess wins cable installation contract for 50Hertz German grid connection project

Axess Technologies has been awarded a cable installation contract by Greece-headquartered Hellenic Cables for the Ostwind 3 grid connection project, located in the German Baltic Sea. The scope of work comprises planning and pulling internal platform cables into the offshore high-voltage (HV) substat

about 1 year ago
Blocks offshore Uruguay; Source: Challenger Energy
Business Developments & Projects

Farm-out process offshore Uruguay and decision on assets in Trinidad & Bahamas coming in mid-2025

Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is making progress in setting the stage to embark on a formal farm-out process later this year for a shallow water exploration block off the coast of Uruguay.

about 1 year ago
PaxOcean receives order for methanol-ready offshore construction vessel newbuilds
Business Developments & Projects

PaxOcean receives order for methanol-ready offshore construction vessel newbuilds

PaxOcean has unveiled an order for up to four methanol-ready offshore construction vessels (OCVs) from an unnamed European shipowner. PaxOcean said it has signed shipbuilding contracts for two OCVs with a “renowned European shipowner” for delivery in 2027 and an option for two additional vessels. Me

about 1 year ago
CMA CGM adds another 2,000 TEU LNG-powered vessel to its fleet
Business Developments & Projects

CMA CGM adds another 2,000 TEU LNG-powered vessel to its fleet

French shipping giant CMA CGM has taken delivery of the final vessel in a series of ten LNG-powered 2000-TEU ships, built by the Hyundai Mipo shipyard in Ulsan, South Korea.

about 1 year ago
FPSO EmissionZero; Source: SBM Offshore
Business Developments & Projects

SBM Offshore takes slice of Ocean-Power ownership pie

On a mission to boost its decarbonization arsenal, SBM Offshore has become the owner of a minority stake in Norway’s Ocean-Power.

about 1 year ago
Höegh Autoliners kicks off 2025 with third multi-fuel Aurora-class PCTC delivery
Business Developments & Projects

Höegh Autoliners kicks off 2025 with third multi-fuel Aurora-class PCTC delivery

Norwegian shipping company Höegh Autoliners has taken delivery of the third multi-fuel Aurora-class pure car and truck carrier (PCTC) from China Merchants Heavy Industry (CMHI) Haimen Shipyard.

about 1 year ago
Danish companies set up autonomous subsea survey system partnership
Business Developments & Projects

Danish companies unite to provide integrated autonomous subsea survey system

Danish maritime technology companies EIVA and Tuco Marine have set up a new partnership to provide integrated autonomous systems for inspecting subsea assets. The idea includes Tuco Marine’s ProZero 8m Naval Intelligence uncrewed surface vessel (USV) sailing to an area of interest and launching EIVA

about 1 year ago
Port of Prince Rupert introduces bunkering service for deep-sea shipping
Business Developments & Projects

Port of Prince Rupert introduces bunkering service for deep-sea shipping

Canadian Port of Prince Rupert has welcomed the startup of Wolverine Terminals’ marine bunkering service for deep-sea shipping, thus adding a logistical capability to the port.

about 1 year ago