Business Developments & Projects
Gunvor ties up $1.13 billion LNG facility
Swiss commodity trader Gunvor Group has signed a $1.13 billion syndicated borrowing base facility to support the working capital needs of the company’s LNG activities globally.
ESPO: TEN-T review gives maritime deserved place
The European Sea Ports Organisation (ESPO) has embraced the European Commission’s proposal setting out the new guidelines for the Trans-European Transport Network (TEN-T).
PetroNor names interim replacement after authorities detain CEO on suspicion of criminal offence
PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.
Langh Tech exploring carbon capture onboard ships
In view of the upcoming CO2 emission regulations, Finland-based green tech company Langh Tech has started researching the possibility of carbon capture onboard vessels.
SIMEC Atlantis troubleshooting redeployment ops for MeyGen tidal turbines
SIMEC Atlantis Energy has stepped up its efforts to redeploy three MeyGen tidal turbines, after a setback faced with the reinstallation of the first turbine to the Caithness site.
BEST sets sights on becoming greenest container terminal in Mediterranean
Hutchison Ports BEST, a semi-automated terminal, aims to become the greenest container terminal in the Mediterranean with 100% electricity coming from renewable sources starting from 2022.
Leonardo da Vinci sports Miros WaveSystem technology
Norwegian sea-state monitoring firm Miros has installed its WaveSystem IoT dry-sensor onboard Prysmian’s cable-laying vessel Leonardo da Vinci.
Five players chasing carbon storage areas offshore Norway
Norway’s government has received applications from five companies for two areas associated with the injection and storage of CO2.
Isle of Wight tidal power scheme gains full approval
The Isle of Wight tidal power initiative, known as Perpetuus Tidal Energy Centre (PTEC), has been granted a planning permission to begin with the construction of onshore elements of the project.
Golar to separate its 8 TFDE LNG carriers into CoolCo
Bermuda-based LNG shipper Golar has entered into a pre-commitment agreement for the newly-formed firm Cool Company (CoolCo) to acquire its eight TFDE LNG carriers.
AqualisBraemar LOC takes the reigns at Innosea
AqualisBraemar LOC Group has taken the full ownership of engineering, design and R&D consulting firm specialising in marine renewables Innosea.
IMO, Norad embark on new biofouling project
The International Maritime Organization (IMO) and the Norwegian Agency for Development Cooperation (Norad) have signed an agreement to kick-start a new biofouling project.
Maersk partners with Unilever on international logistics
Danish container shipping and logistics giant A.P. Moller – Maersk has entered into a strategic partnership with multinational consumer goods company Unilever on the ocean and air transport.
BP to raise its stake in ‘iconic’ UK field as Viaro heads out
BP is increasing its stake in a field located on the UKCS through a deal signed with Viaro Energy’s subsidiary RockRose Energy.