Business & Finance
German airport operator in talks over offshore wind PPA
A German airport operator has closed a tender call looking to procure electricity produced by offshore wind turbines in the country. While the latest tender notice shows that the procedure ended without an awarded contract, a recent update from the company said that the award procedure was in progre
Ever Given owners put new compensation offer on the table
The owners of the Ever Given containership, which has been detained in Egypt since April, have submitted a new compensation proposal to the Suez Canal Authority (SCA) to settle damages caused by the ship’s infamous March grounding. The 20,000 TEU, Panama-flagged, boxship is owned by Japanese company
CNPC in for three more LNG carriers at Hudong Zhonghua
China National Petroleum International Corporation (CNPC) has inked a deal on the construction of three LNG carriers with Hudong Zhonghua Shipbuilding (Group), a subsidiary of China State Shipbuilding Corporation. Under the terms of the memorandum on construction, the vessels will boast the fourth-g
Kawasaki set to debut its 1st sustainability-linked bond
Japan’s Kawasaki Heavy Industries has decided to issue its first sustainability-linked bond amounting to JPY 10 billion ($90.8 million).
MPS exceeds crowdfunding goal as campaign opens for public
Welsh marine energy developer Marine Power Systems (MPS) has reached over its £2 million crowdfunding target in an ongoing campaign that just opened for the general public.
Evergreen returns to Hudong-Zhonghua Shipbuilding for two more 24,000 TEU behemoths
Chinese shipbuilding major Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has won an order for the construction of two 24,000 TEU containerships from Evergreen Group. This is a repeat order, building on the contract between CSSC and Evergreen Group signed in Nove
TotalEnergies, Qatar Petroleum, Chevron win Suriname offshore acreage
A consortium between France’s major TotalEnergies and Qatar’s Qatar Petroleum and U.S. supermajor Chevron have submitted winning bids for shallow-water offshore acreage in Suriname.
Vaalco names new chief financial officer
Houston-based oil and gas company Vaalco Energy has appointed a new chief financial officer (CFO), effective 21 June 2021.
Siem Offshore sheds two anchor handlers
Offshore vessel owner Siem Offshore has sold two of its anchor handling tug and supply (AHTS) vessels to an undisclosed buyer.
Aker BP extends deal for Eidesvik platform supplier
Norwegian oil company Aker BP has awarded a 100-day contract to compatriot shipping company Eidesvik Offshore for one of its platform supply vessels.
Baron Oil tightens grip on Chuditch PSC off Timor-Leste
UK-based and AIM-listed oil and gas company Baron Oil has bought the remaining 15 per cent stake in a SundaGas subsidiary and with that increased its interest in the Chuditch discovery and prospects.
Eimskip agrees to pay $12 million to settle collusion case
Eimskip and the Icelandic Competition Authority have reached a settlement over a collusion case investigation linked to the Dutch company Samskip. The competition case has been under investigation for the past years, where the main period of investigation was 2008 to 2013. The Icelandic shipping com
Teekay LNG declares cash distributions on preferred units
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has declared cash distributions on the Series A and B preferred units.
Stena Line takes delivery of upgraded eco-friendly RoPax ferry
Swedish ferry company Stena Line has welcomed its new, scrubber fitted roll-on/roll-off passenger (RoPax) ferry following a handover ceremony at the Sedef Shipyard in Tuzla, Turkey.