Business Developments & Projects

Euronav takes full control of two FSOs working on Qatar’s giant oil field
Euronav has become the full owner of two FSO vessels, operating on Qatar’s Al-Shaheen field, as previously held in its JV with International Seaways.

JR Shipping: Six more ships to use Value Maritime’s filter and carbon capture system
Dutch shipping company JR Shipping has contracted compatriot technology firm Value Maritime to retrofit another six vessels with the latter’s exhaust cleaning Filtree and carbon capture system, making almost the entire fleet sustainable for the future.

Latvia to order study on potential LNG terminal projects
After receiving project applications for the construction of LNG terminals in Latvia, the country’s ministries are to order an in-depth risk assessment for two LNG terminal projects.

Pembrokeshire Coastal Forum appoints new managing director
Pembrokeshire Coastal Forum (PCF), the legal entity behind Marine Energy Test Area (META) project, has named Jetske Germing as its new managing director.

Northumberland subsea cable factory closer to reality
Northumberland County Council has welcomed the approval of JDR Cable Systems’ plan to open a new subsea cable manufacturing facility in Cambois, near Blyth. JDR revealed in September 2021 that it plans to build the 69,000 sqm facility on the site of the former coal-fired power station at Cambois. I

Mitsubishi Shipbuilding gets BV AiP for LCO2 spherical cargo tank system
Classification society Bureau Veritas (BV) has delivered approval in principle (AiP) to Japanese shipbuilder Mitsubishi Shipbuilding – part of Mitsubishi Heavy Industries (MHI) Group – for a spherical cargo tank system for liquefied CO2 (LCO2) carriers.

Plug to build large-scale green hydrogen plant at Port of Antwerp-Bruges
American hydrogen company Plug Power will build a 35-tonnes-per-day green hydrogen generation plant at Port of Antwerp-Bruges in Belgium.

Chevron and KazMunayGas set on unlocking lower carbon potential in Kazakhstan
Chevron has joined forces with KazMunayGas to collaborate on evaluating, investigating and pursuing lower carbon opportunities in Kazakhstan.

Daphne Technology wins DNV AiP for onboard methane abatement tech
Classification society DNV has granted approval in principle (AiP) to Swiss-Norwegian climate tech startup Daphne Technology (DT) for the onboard installation of its methane abatement technology, SlipPure.

ABB heads project for largest shore-to-ship power solution in France
Swiss technology company ABB has been selected to lead a consortium providing shore-to-ship power connection for ferries and cruise ships in the Port of Toulon, which is said to be the first Mediterranean port to supply power to all of its docks. It is estimated that the port handles over 1.6 millio

Shearwater targets time and cost efficiency with novel ocean bottom node
Shearwater GeoServices has launched a new node that is said to expand the potential ocean bottom seismic market due to its time and cost efficiency. The Pearl node is of small size and low weight which allows wider and denser spreads reducing operational time by a third compared with current deploym

DNV, Saronic Ferries team up to develop electric ferry concept in Greece
Classification society DNV has signed a memorandum of understanding (MOU) with Greek ferry company Saronic Ferries to enable the development of an electric ferry for local deployment in Greece.

New lineup for Equinor’s board of directors
Equinor has added a new member to its board of directors and re-elected several others, including shareholder-elected members.

Port of Gothenburg first to provide shore power for tankers
As part of a plan to provide shoreside power for tankers berthed at the Energy Terminal, the Gothenburg Port Authority has created a new concept that makes the system safe, environmentally friendly, and cost-effective.