Business Developments & Projects
Boluda Towage steers toward global leadership with Smit Lamnalco acquisition
Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric
CMA CGM, La Poste team up on sustainable logistics
La Poste’s subsidiary GeoPost and a subsidiary of French shipping giant CMA CGM Group, CEVA Logistics, have inked a Memorandum of Understanding (MoU) to establish a closer business relationship and work on sustainable logistics.
Svitzer appoints its 1st Global head of green ports
Global towage operator Svitzer, a part of A.P. Moller-Maersk, has appointed Australia Chief Commercial Officer Ivan Spanjic as Global Head of Green Ports. The company created the role recently to focus on unlocking value for partners across the marine supply chain, as the demand for green ports and
RVO issues Nederwiek Zuid integrated ground model tender
The Netherlands Enterprise Agency (RVO) has issued a tender for the development of an integrated ground model (IGM) for the 2 GW Nederwiek Zuid Wind Farm Zone (NWWFZ). The objective of this tender is to conclude an agreement with a tenderer who is able to develop an IGM and a Geotechnical Interpreta
Gasum starts building new biogas plant in Sweden
With final construction permits in place, Nordic energy company Gasum is starting the construction work on its latest biogas plant in Götene, Sweden, as the first in a line of strategic investments into increasing biogas availability. According to Gasum, the new plant will be producing 120 gigawatt
Finland adopts hydrogen resolution
Finland’s government has adopted a resolution on hydrogen in which it describes the countries’ objectives regarding hydrogen and the measures to promote them. According to the government, Finland’s goal is to become the European leader in the hydrogen economy in the entire value chain, and it has th
Grimaldi buys stake in Port of Amsterdam terminal
Italian shipping company, Grimaldi Group, through its subsidiary Amsterdam Multipurpose Terminal (AMT, has gained strategies assets and a 20-year concession within the Port of Amsterdam.
WISAMO wing sail system wins DNV approval
Classification society DNV has awarded an Approval in Principle (AiP) to Michelin for their WISAMO wing sail system. DNV said that this was the first AiP to have been awarded to an inflatable wing sail design. The wing prototype with a surface area of 100 sqm is being installed on Compagnie Maritime
New oil discovery in North Sea ‘not profitable’ at this moment in time
Norwegian oil and gas player Aker BP has made a new oil discovery in the North Sea off Norway, using a Saipem-owned rig.
Höegh LNG secures refinancing for two FSRUs deployed in Germany
Norwegian shipowner Höegh LNG has signed a new loan facility agreement with a group of banks to refinance two floating storage and regasification units (FSRUs) employed on long-term contracts in Germany. Höegh LNG’s FSRUs Höegh Esperanza and Hoegh Gannet were chartered by the German Federal Ministry
Cable works at Fécamp offshore wind farm in full swing
Italy-headquartered Prysmian Group has installed thirty inter-array cables at the Fécamp offshore wind farm in France. The cabling contracts for the 500 MW offshore wind farm were awarded to Prysmian, which is in charge of supplying and installing both the inter-array cables and the export cables fo
Gasunie to realise hydrogen network in German North Sea
Dutch gas infrastructure company Gasunie has applied to the European Commission for Project of Common Interest (PCI) status, proceeding with its intentions to develop a hydrogen network in the German part of the North Sea. Gasunie’s application is part of the international Clean Hydrogen for Europe
Hyundai Heavy orders GTT tank designs for three 200,000 cbm LNG carriers
South Korean shipyard Hyundai Heavy Industries (HHI) has ordered the tank design of three new LNG carriers from French LNG containment specialist GTT. HHI placed the order on behalf of an undisclosed European shipowner for three LNG carriers which will offer a total cargo capacity of 200,000 m3 each
20-year-old Solstad PSV finds new owner
Solstad Rederi, a wholly owned subsidiary of Norwegian shipping company Solstad Offshore, has sold one of its platform supply vessels (PSVs). The new owner, whose name Solstad did not disclose, took over the 88.8-meter-long PSV Normand Flipper on 9 February. The vessel was built in 2003 and is of UT