Business Developments & Projects
Maersk posts record earnings, further expands logistics portfolio
Danish container shipping and logistics giant A.P. Moller – Maersk has delivered record earnings for 2021 despite persistent supply chain disruptions.
Green SCR system for German cruise ship
MAN PrimeServ Augsburg, part of MAN Energy Solutions, has completed the retrofitting of dual selective catalytic reduction (SCR) systems aboard the cruise ship MS Amadea.
Petrofac looks into green hydrogen development on Russia’s Sakhalin Island
International energy services provider Petrofac has won its first new energy-focused project in Russia for the first wind-to-hydrogen development on Sakhalin Island.
Scots back enhanced subsea gas tieback project with £765k
Worley has secured £765,000 support from Scottish Enterprise for an enhanced subsea gas tieback project which is said to reduce operational CO2 emissions in gas fields by more than 90%. The funding will be used for full pre-production testing of Worley’s pseudo dry gas (PDG) liquid removal system wh
MOL signs charter for new Arctic LNG 2 ice-breaking carrier
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a charter contract for a newbuilding ice-breaking tanker to serve Russia’s Arctic LNG 2 project.
Digital platform for NSR to make Arctic shipping safer
Russia’s icebreaker operator Rosatomflot, part of the Rosatom Group, has signed an agreement to create a unified platform for digital services of the Northern Sea Route.
Wight Shipyard to merge with OCEA
Britain’s aluminium shipbuilder, The Wight Shipyard Co., has unveiled an all-share merger with the complementary French shipbuilder OCEA to create a combined group to capitalise on the fast ferry and offshore renewable energy markets opportunities.
HydroWing secures spot to showcase next-generation Tocardo tidal turbines
UK’s HydroWing has secured a berth with 30 MW potential at a Morlais tidal site in Angelsey, Wales, to demonstrate next-generation Tocardo T-2si turbines configured into the HydroWing structure. HydroWing plans a phased approach starting with a commercial demonstrator project in 2023 which will be o
LNG carrier comes for 1st export cargo from Calcasieu Pass
Maran Gas-owned LNG tanker Yiannis has arrived at the new Calcasieu Pass export facility in Louisiana to take over the first export cargo.
BP sees profit surge while working to ‘accelerate greening’
BP saw its profit surge in the last quarter of 2021 as a result of higher oil and gas prices, refining margins, and stronger trading results.
Hapag-Lloyd to deploy first dual-fuel 23,500+ TEU ships in 2023
German container shipping company Hapag-Lloyd plans to deploy the first of its twelve new 23,500+ TEU vessels in 2023, Lutz-Michael Dyck, Senior Director Strategic Asset Projects at Hapag-Lloyd, confirmed.
Unifeeder bunkers VARO’s renewable biofuel in ‘major decarbonisation move’
Short-sea operator Unifeeder Group has bunkered its first sustainable 100% biofuel from oil refiner and supplier VARO Energy in the Port of Rotterdam as part of the collaboration targeting reduced carbon footprint of the shipping industry.
New study to explore converting tanker to containership
Swedish tanker shipping company Concordia Maritime has launched a technical design study on the conversion of a tanker to a container vessel.
Shell and GTT team up for LH2 carrier innovation
Energy giant Shell and containment specialist GTT will work together to develop innovative technologies to enable the transportation of liquid hydrogen (LH2), including a preliminary LH2 carrier design.