Business Developments & Projects
d’Amico continues offloading MR tanker oldies to keep fleet young
d’Amico Tankers, operating subsidiary of Italian marine transportation company d’Amico International Shipping (DIS), has signed a memorandum of agreement for the sale of one of its oldest MR vessels to make place for eco ships in its fleet.
Subsea cables account for over 50 pct of total claims spend in offshore wind – GCube Insurance
Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR 2 million) to GBP 3.08 million (around EUR 3.6 million) in t
Ocean Infinity to build zero-emissions marine propulsion system
Marine robotics company Ocean Infinity and its partners are planning to build a marine propulsion test facility with an integrated ammonia marine propulsion system (AMPS).
Eidesvik, Aker BP eye ammonia fuel cell tech for OSVs
Norwegian shipowner Eidesvik Offshore ASA has entered into a memorandum of understanding (MoU) with compatriot oil company Aker BP and Alma, a venture under establishment by Clara Venture Labs, to explore opportunities for utilising Alma’s proprietary fuel cell technology to accelerate the move to z
Disappointing results for Aker BP in North Sea
Aker BP has concluded the drilling of a wildcat well in the North Sea and encountered a minor oil discovery, which is not commercial.
LNG bunkering ship Optimus in Estonia’s 1st STS bunkering op
Finnish-Baltic LNG bunkering service provider Elenger Marine has wrapped up the first ship-to-ship LNG bunkering operation in Estonia with its newbuild ship Optimus.
Equinor puts StormGeo in charge of weather and ship routing services
Equinor has awarded two contracts for weather and route advisory services in the North Sea and Norwegian Continental Shelf to StormGeo.
Wärtsilä to upkeep 10 Gaslog LNG carriers
Greek shipowner Gaslog has picked the Finnish technology group Wärtsilä to maintain and ensure operations of ten of its very large LNG carriers.
Tocardo T-1 tidal turbines on their way to Pembroke Dock
Dutch tidal energy company Tocardo has sent off three of its T-1 tidal turbines towards Pembroke Dock where they will be installed on QED Naval’s Subhub community-scale platform.
Maersk’s Svitzer to develop world’s 1st methanol fuel cell tug
Towage operator Svitzer, part of A.P. Moller – Maersk, has signed an agreement with naval architect company Robert Allan for the design of the world’s first fuel cell tug for harbour operations, running on green methanol.
Port of Felixstowe targets ops decarbonisation with new equipment
Hutchison Ports Port of Felixstowe, the UK’s largest container port, has made a ‘major’ investment in new equipment to help decarbonise its operations.
NKT targets Polish offshore wind with local power cable center
NKT is expanding its presence in Poland with an execution center to prepare for the growing demand for offshore and onshore power cables driven by the development of the local offshore wind market.
Denmark signs deal with NYSERDA on CCUS and H2
The New York State Energy Research and Development Authority (NYSERDA) and Danish energy ministry have expended agreement for carbon capture, utilisation, storage, and green hydrogen.
Prosafe gains support for restructuring plan in Norway
Prosafe has achieved what it says is an important milestone in its financial restructuring following the approval of its plan in Norway.