Business Developments & Projects
Saipem lays gas pipeline for Greece’s first offshore LNG terminal
Pipelaying activity for Gastrade’s Alexandroupolis LNG terminal, the first offshore LNG project in Greece, has been completed. On 8 August, oilfield services provider Saipem shared an update on social media stating its pipelay vessel Castoro 10 had completed the activity in the North-East of Greece,
Hafnia reveals investment in methanol-powered newbuilds backed by TotalEnergies
Singapore-based tanker owner and operator Hafnia has leaped onto the methanol bandwagon with the recent order for four 49,800 deadweight dual-fuel methanol chemical IMOII Medium-Range (MR) tankers. The deal was signed with China’s Guangzhou Shipyard International (GSI) together with Hafnia’s joint-v
Peninsula opts for Windward’s tech for compliance process
Maritime fuel supplier Peninsula has selected Windward’s AI technology to enhance their existing compliance processes.
Snøhvit Future is a go, underpinning Norway’s role as low-emission gas supplier
The Norwegian government has given its stamp of approval for the Equinor-operated Snøhvit Future project, which comes with plans for the future operation of Snøhvit and Hammerfest LNG, subject to certain conditions.
New operator taking the helm at North Sea oil & gas discovery
OKEA will be taking over the operatorship next month from the compatriot player, DNO Norge, at the Brasse license in the North Sea.
New rig deals bolster day rates and lift Diamond Offshore’s backlog to $1.6 billion
Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.
Association of Panamanian Shipowners joins ICS
The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS). Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Panama’s shipping industry. This membership will build on the relationships across th
HydrogenPro revises business strategy, appoints new CEO
HydrogenPro, a Norwegian technology company and an OEM for high-pressure alkaline electrolyzers, has announced that the company will take a new strategic business direction. The company said: “The plan for building capacity in the U.S. stays firm, but with the current market sentiment, raising fundi
Valaris undertakes $400 million private placement to fund acquisition of two drillships
Valaris revealed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030.
Lloyd’s Register awards first UK approval for remote inspection techniques
Lloyd’s Register has awarded Aberdeen-based 3D scanning company Viewport3 with the first UK approval for remote inspection techniques using underwater photogrammetry. “It is a huge honour for a small company like Viewport3 to receive such a credible certification. Our team are absolutely delighted t
Hapag-Lloyd, DB Schenker ink biofuel-powered transport deal
German liner major Hapag-Lloyd has entered into a partnership with compatriot logistics provider DB Schenker for emission-reduced container transports with waste- and residue-based biofuel. The deal follows the launch of Hapag-Lloyd’s “Ship Green” product in May enabling customers to transport their
Zvezda launches new LNG carrier for Novatek’s Arctic LNG 2 project
Russian shipyard Zvezda Shipbuilding Complex has launched a new ice-class ARC7 LNG carrier for the Arctic LNG 2 project. According to Zvezda, the vessel was named Sergei Witte and has a capacity of 172,600 m3. It is the third unit in a series of fifteen LNG carriers ordered by Sovcomflot and being b
ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency
Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie
Dutch company’s pioneer USV powered by biofuel-hybrid propulsion combo
The Netherlands-based marine robotics manufacturer and shipyard RC Dock has unveiled its first fully classed uncrewed surface vessel (USV) designed for inspection, maintenance, repair (IMR) and survey operations. The 12-meter catamaran is equipped with an in-house developed launch and recovery syste