Business Developments & Projects
Finnish Hamina LNG terminal receives first LNG carrier
Hamina liquefied natural gas (LNG) terminal, the first LNG import terminal in Finland connected to the transmission network, has received the first commercial LNG carrier. On 22 October, an LNG cargo ordered by the Estonian energy company Alexela from the Zeebrugge LNG terminal in Belgium arrived at
European Investment Bank boosts clean energy financing with €30B for REPowerEU plan
The European Investment Bank Group (EIB Group) has agreed to support the REPowerEU plan with additional €30 billion in loans and equity financing over the next five years.
Green light for Neptune to spin the drill bit in Norwegian Sea
Neptune Energy has secured two types of permits from Norwegian authorities for drilling operations in the Norwegian Sea.
BayWa r.e. starts construction of Austria’s largest floating solar plant
German renewable energy company BayWa r.e. has made progress on the construction of Austria’s largest floating solar power plant that will, once constructed, be able to supply 7,500 households with green electricity.
High subsea activity lifts DOF’s figures up
DOF Group has reported that its fleet achieved an average utilization of 88% in the third quarter of 2022, an increase from 83% in the same period last year, backed by “continued high activity and good performance” in subsea regions. In Q3 2022, DOF’s revenue totaled NOK 2,862 million, an increase f
GTT rolls out three-tank LNG carrier concept with approvals from DNV and BV
French LNG containment specialist GTT has received two approvals in principle (AiP) from classification societies DNV and Bureau Veritas (BV) for its three-tank LNG carrier design. According to GTT, the technological solution aims to increase the profitability and overall performance of the vessel.
Grimaldi books construction of five ammonia-ready car carriers
The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. The agreement foresees an option for additional five units, for a total i
SeaRenergy lands DolWin6 logistics support contract
SeaRenergy has been awarded a contract by Siemens Energy to provide integrated onshore and offshore logistics services during the commissioning of DolWin6 converter platform in the German Bight. The contract consists of various packages. Besides marine coordination and management of all personnel tr
German govt gives conditional nod to COSCO’s minority stake in HHLA container terminal
The German government approved the acquisition of a minority stake in HHLA Container Terminal Tollerort (CTT) by the Chinese company COSCO Shipping Ports Limited (CSPL), Hamburger Hafen und Logistik confirmed earlier today. The approval is subject to conditions, which include a limitation of the sha
SodaFlexx treats scrubber emissions from ships with baking soda
London-based equipment innovator SodaFlexx has developed a concept to treat exhaust gas emissions from ships with sodium bicarbonate powder, also known as baking soda. As of 1 January 2020, the IMO Sulphur Cap entered into force limiting the use of sulphur in fuel oil used on board ships operating o
Jumbo Maritime’s HLV wraps up biofuel voyage across Atlantic
Heavy lift vessel (HLV) Jumbo Jubilee has completed a transatlantic voyage to and around the USA powered mostly with biofuels.
More time for Eidesvik PSV with Wintershall Dea
Eidesvik Offshore has secured a contract extension for one of its platform supply vessels (PSVs) with Wintershall Dea.
DeepOcean charters 85-meter multi-purpose support vessel
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR
ABL Group takes over well control specialist’s UK business
Energy and marine consultancy ABL Group has acquired the operations of a well control equipment specialist, HOSE International.