Business Developments & Projects
A.P. Moller Holding-backed C2X to produce over 3 mln tonnes of green methanol by 2030
C2X, a new, independent company, backed by A.P. Moller Holding, the controlling shareholder of the A.P. Moller – Maersk, one of the world’s largest shipping and logistics companies, has unveiled plans to build large-scale green methanol production facilities. The move follows a successful fundraisin
Sea Traders linked to scrubber-fitted Kamsarmax quartet
Greek shipping giant Sea Traders has placed an order for four state-of-the-art Kamsarmax vessels from the Qingdao Yangfan shipyard in China, according to shipbroker reports. The four 82,000 dwt Kamsarmax vessels will adhere to the stringent NOx Tier III and EEDI Phase 3 regulations. These regulation
Putin visits Zvezda complex, attends naming of Sovcomflot LNG carrier
Russia’s President Vladimir Putin has visited the Zvezda Shipbuilding Complex, located in Bolshoi Kamen, Primorsky Territory, taking part in the naming ceremony of two reinforced ice-class carriers. The first vessel, the shuttle tanker, built by the order of Rosnefteflot, was named after the Soviet
WATCH: World’s 1st methanol-powered containership reaches final destination
The world’s first container vessel powered by green methanol has arrived in Copenhagen after completing a 21,500 km maiden trip from Ulsan, South Korea. The 2,100 TEU boxship was assisted into the port of Copenhagen by Svitzer’s tugs and the container ship docked in the Toldboden area of the Copenha
Mammoet done with jacking, load-out and float-over job for BP’s Caspian Sea platform – gallery
Mammoet has performed jacking, load-out and float-over operations for a 19,600-tonne offshore platform destined for BP’s project in the Caspian Sea, offshore Azerbaijan.
Wärtsilä to equip world’s first methanol-fueled hybrid RoRo vessels
The world’s first methanol-fueled hybrid RoRo vessels, being built at the China Merchants Jinling Shipyard (Weihai) for the Swedish shipping company Stena RoRo, will use technology group Wärtsilä’s solutions. Specifically, Wärtsilä will supply an integrated hybrid propulsion system for the two vesse
ProSep gets work on Aker BP’s new North Sea platform
ProSep has secured a contract for produced water treatment on Aker BP’s new central processing and wellhead platform (PWP) in the North Sea off Norway.
Converter station suppliers selected for UK subsea electricity superhighway
National Grid Electricity Transmission (NGET) and SP Energy Networks have selected preferred grid suppliers for HVDC converter stations for the 2 GW Eastern Green Link 1 (EGL1) subsea electricity superhighway. The 525kV, £2.5 billion HVDC link will connect Torness in East Lothian, Scotland, to Hawth
Ithaca buying Shell’s stake in UK’s ‘second largest undeveloped oil and gas discovery’
Shell has wrapped up a marketing process with Ithaca Energy for its interest in the controversial Cambo offshore development.
Resen Waves puts company and tech on sale
Danish company Resen Waves is looking to sell the company or patent and know-how for its wave energy technology after 12 years of development.
Funding awarded for hydrogen-fuelled USV
SEA-KIT International has secured funding from the Zero Emissions Vessels and Infrastructure (ZEVI) competition to design and manufacture a hydrogen-fuelled uncrewed surface vessel (USV). The Zero Emissions Ports Hydrogen Refilling Survey Vessel (ZEPHR) project aims to extend vessel operation for po
Elogen and Valmax pen new electrolyzer supply deal
Elogen, a GTT group company, has signed a new contract with Valmax Technology, a system integrator for energy solutions in the hydrogen sector, to design and manufacture a proton exchange membrane (PEM) electrolyzer with a power of 2.5 MW. The electrolyzer, with a production capacity of up to 1 ton
MSC vows to acquire a 49% shareholding in Hamburg’s HHLA
A wholly owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest container shipping company, has revealed plans to acquire a substantial 49% shareholding in HHLA Hamburger Hafen und Logistik AG, a prominent port operation, container transport, and logistics group headquartered in
After its CEO steps down, BP puts current CFO in charge on interim basis
BP has decided to appoint its current CFO as its interim Chief Executive Officer, following the resignation of Bernard Looney from the role.