Business Developments & Projects
Golar’s LNGC spinoff firm CoolCo scores $570m loan
Bermuda-based LNG shipper Golar updates on its newly-formed company Cool Company (CoolCo) that will acquire its eight TFDE LNG carriers.
Stena Line, ABP ink £100M deal for new ferry terminal in Immingham
Swedish ferry operator Stena Line and UK ports group Associated British Ports (ABP) have entered into an agreement to jointly develop a new freight terminal at the Port of Immingham in the Humber region.
PGNiG receives 150th LNG cargo
Polish Oil and Gas Company (PGNiG) has received the 150th LNG cargo delivery at the Swinoujscie liquefied natural gas terminal.
Norway recorded higher oil & gas output in December
Norway’s oil production in December 2021 was below the NPD’s predictions for the second consecutive month along with the gas output.
Remote control fire fighting system ready for crewless ship ops
Survitec’s fire fighting system and safety equipment aboard Yara Birkeland – the world’s first fully autonomous containership – has completed its first annual service ahead of the 3200 dwt ship’s first laden voyage.
Forssea collects €3.8 million for ROV commercialization
French underwater robotics company Forssea Robotics has raised €3.8 million from SOFILARO (Crédit Agricole), Qair Innovation and a France 2030 grant to finance the commercial deployment of its ARGOS remotely operated vehicle (ROV). The fundraising will finance Forssea’s commercial deployment with th
Damen opts for world’s smallest BWTS
Dutch shipbuilder Damen has signed its first contact with Greek ballast water treatment systems manufacturer Erma First.
Eco Wave Power set to officially ring the Nasdaq bell
Swedish-Israeli wave energy company Eco Wave Power is set to hold a Nasdaq bell ringing ceremony to officially mark the occasion of becoming a publicly listed company on the U.S. stock market.
SBM Installer joins Asso’s fleet
Asso Group has taken over the dive support and construction vessel (DSCV) SBM Installer, following a purchase agreement with SBM Offshore. The vessel was delivered to Asso Group on 19 January in Algeciras, Spain, and was renamed Athena, hoisting the Greek flag. Over the next days, it will be re-clas
Frontier exploration drilling in 2021 fell to the lowest level ever recorded by Westwood
Westwood Global Energy has revealed that frontier exploration drilling fell to the lowest level ever recorded by the company.
Uber Boat building UK’s 1st hybrid high-speed passenger ferry
The UK-based Uber Boat by Thames Clipper, a partnership between river bus service Thames Clipper and transport company Uber, is building the country’s first hybrid high-speed passenger ferries.
Crowdfunding campaign launched to support sailing cargo ships
WiSEED is launching a crowdfunding campaign for NEOLINE Développement.
Global policies could make zero-emission shipping commercially viable
A new report for the Getting to Zero Coalition, an initiative for accelerating international shipping decarbonisation, outlining policy measures that could close the competitiveness between fossil fuels and zero-emission alternatives in shipping has been launched.
MAGPIE to create roadmap to green ports by 2050
MAGPIE (sMArt Green Ports as Integrated Efficient multimodal hubs) project says it works toward greener logistics in European ports, leading to emission-free and fully digitalised ports by 2050.