Business & Finance
MeyGen delivers record-breaking 37GWh to UK grid as SIMEC Atlantis trims year-end losses
SIMEC Atlantis Energy, the developer of the MeyGen tidal energy project, has reduced the financial losses for 2020 – the year in which MeyGen tidal array exported over 37GWh of clean power to the UK grid, breaking every record for tidal energy production set so far.
Aker Solutions to modify Draugen platform for Hasselmus gas
Aker Solutions has won a contract from OKEA for modifications on the Draugen platform to enable the processing of gas from the Hasselmus discovery. The contract includes engineering, procurement, construction, installation and commissioning (EPCIC) of new equipment. The scope covers hook-up of a new
Toft: We are consuming too much fuel and have too many ships in the networks
The container shipping industry has been faced with an unprecedented congestion crunch over the past year and a half, driven by COVID-19 related labour shortages, as well as handling capacity limits resulting in major disruption across the global ports. Massive swings in container shipping demand co
Lobbyist’s comments in leaked video ‘inaccurate’, ExxonMobil CEO claims
Following an undercover reporter filming a lobbyist for ExxonMobil stating that the company’s climate policy was just a PR stunt, the chief executive officer (CEO) of ExxonMobil issued a statement refuting those claims.
Angela Merkel and Boris Johnson show support for UK-Germany power link
German Chancellor Angela Merkel and UK Prime Minister Boris Johnson have outlined their support for the NeuConnect interconnector between Germany and the UK. The two European leaders spoke about the NeuConnect project today, 2 July, as part of Merkel’s visit to the UK to meet Johnson. “Collaboration
Chevron sanctions $4 billion compression project in Australia
Chevron, the operator and the Gorgon joint venture, will proceed with the approximately $4 billion Jansz-Io Compression project in Australia.
Navios Partners to acquire five drybulk vessels
Dry cargo vessel owner and operator Navios Maritime Partners has inked a deal to acquire five drybulk vessels for a total of approximately $182.3 million.
Danaos takes full ownership of Gemini
Danaos Corporation has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation. Gemini is a Marshall Islands company incorporated in August 2015 and beneficially owned 49% by Danaos Corporation and 51% by Virage International, a company con
European recovery fund uplifts Dutch offshore floating solar ambitions
One of the largest funding programmes of the European Union, launched to accelerate the economic recovery following the coronavirus pandemic, has provided a substantial subsidy for the development of an offshore floating solar farm off the coast of The Hague in the Netherlands.
Workers at Melbourne container terminal lock in pay increase in new enterprise deal
Workers at the Victoria International Container Terminal at Melbourne’s Webb Dock have reached a deal with their employer on a new enterprise agreement locking in new employee benefits. The Maritime Union of Australia said the agreement would deliver immediate benefits to the workforce, with 75 per
BIMCO: 277 boxships changed hands in H1 2021
During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020, data from Vessels Value shows. The jump testifies to a red-hot container market that has fueled demand for tonnage, not only in the charter market,
Jadestone, OMV extend long-stop date for Maaki field buy
Oil and gas companies Jadestone Energy and OMV’s New Zealand arm have agreed to give themselves more time to complete the transaction for the Maari offshore field in New Zealand.
Chevron picks Aker subsea compression tech offshore Australia
Chevron Australia has selected Aker Solutions to provide subsea compression technology for the Jansz-Io Compression (J-IC) project offshore Western Australia. The companies remain in ongoing discussions to finalize the contract, after which a further announcement will be made. The value of the contr
De Nora wraps up acquisition of UV Technologies Division
De Nora, an Italian supplier of sustainable technologies, has formally completed the acquisition of the UV Technologies Division (CCUV) from Pennsylvania-based Calgon Carbon Corporation.