Business Developments & Projects
Will UK pull out of energy treaty now or wait to see if low-carbon and green provisions will be woven into its fabric?
The UK is set on reviewing its Energy Charter Treaty membership, which will enable it to consider withdrawal as an outcome of the review.
ExoTechnologies and RONN team up on hydrogen propulsion
The Isle of Man-based ExoTechnologies, the owner of Glasgow boat builder Ultimate Boats, and Arizona-based hydrogen car and truck maker RONN have entered a hydrogen propulsion partnership. The companies, which signed a Letter of Intent (LoI), are expected to develop clean hydrogen electric propulsio
Grimaldi’s 2nd CO2-slashing multipurpose vessel delivered
The Grimaldi Group has taken delivery of its second con-ro multipurpose ship of the G5 class named the Great Lagos. The G5-class vessel was built by Hyundai Mipo Dockyard Co. Ltd. in Ulsan, South Korea. It is able to transport 4,700 linear metres of rolling freight, 2,500 Car Equivalent Units (CEU)
In focus: Backed with government and private funding, offshore energy and shipping industries go full steam ahead towards net-zero future
Europe and the United States have set in place a number of funding programs designed to boost and accelerate the development of a very diverse ‘clean energy sector’, which is being backed by significant initiatives from the major players coming from the more established maritime and oil and gas indu
Port of Blyth’s largest oil & gas decom gig underway for three North Sea platforms
Port of Blyth is embarking on its largest oil and gas decommissioning project to date, covering several topsides and jackets from three North Sea platforms
Another rig deal for COSL as exploration activity heats up off Norway
Vår Energi has picked a sixth-generation semi-submersible rig from COSL Offshore Management for drilling operations in the Barents Sea.
IUMI: EV-caused fires are not more frequent than in conventional vehicles
The International Union of Marine Insurance (IUMI) has published recommendations on the safe carriage of electric vehicles (EVs) amid growing concerns within the shipping community, including marine underwriters, about fires breaking out on car carriers and roros with the assertion that many of thes
TotalEnergies inaugurates gas field while anticipating enrichment of Azerbaijan’s transition arsenal with renewables and energy storage
TotalEnergies has held an inauguration ceremony for a gas and condensate field, which recently came on stream in the Caspian Sea.
Shell Ventures invests in Value Group
Dutch sustainability firm Value Group, which brings together sister companies Value Maritime and Value Carbon, revealed that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy. Shell Ventures, the corporate ven
GasLog’s entire LNG carrier fleet to sport smart shipping solution
GasLog, owner and operator of LNG carriers, has decided to equip its entire fleet with a smart shipping solution from GTT Group brand, Ascenz Marorka. Under the contract with GasLog, Ascenz Marorka will equip the shipowner’s entire fleet of more than 35 LNG carriers with its Smart Shipping solution.
More time for Solstad’s subsea vessel with Ocean Infinity
Norwegian offshore vessel owner Solstad Offshore has secured a contract extension with Ocean Infinity for one of its construction support vessels (CSVs).
Reach Subsea prolongs Havila vessel’s work assignment
Reach Subsea has exercised an option to extend the existing contract for one of Havila Shipping’s IMR, survey, and construction vessels.
CMA CGM wraps up GCT acquisition, eyes development and decarbonization investments
French shipping major CMA CGM Group has finalized its acquisition of Global Container Terminals (GCT) Bayonne and New York terminals which was announced in December last year. “Through this strategic investment, the group strengthens its position as a global port terminal operator, and a leading sup
New offshore drilling gigs for two COSL rigs bringing $369 million
Equinor has hired two semi-submersible rigs from COSL Offshore Management for drilling operations on the Norwegian continental shelf (NCS).