Business & Finance
EU approves Polish € 22.5 billion offshore wind CfD scheme
The European Commission has approved Polish offshore wind Contracts for Difference (CfD) scheme, through which the country plans to support the realisation of offshore wind projects with € 22.5 billion and reach its renewable energy targets without unduly distorting competition. The CfD scheme, whic
Development Bank of Japan joins Poseidon Principles
Development Bank of Japan Inc. (DBJ) has become a signatory to the Poseidon Principles, a regulatory framework for responsible financing of the shipping industry. DBJ joins a number of Asian financial institutions to ink the framework over the recent period, including Sumitomo Mitsui Banking Corpora
Safety order for Equinor after two cases of possible asbestos exposure
Norwegian offshore safety watchdog has given Equinor a notice of an order after two cases of exposure to carcinogenic asbestos fibres.
Two 8,500 TEU scrubber-fitted boxships delivered to Seaspan
Seaspan Corporation has taken delivery of two 8,500 TEU containerships.
Shell signs deal to sell Philippines business to Udenna
Oil major Shell has signed an agreement with Udenna Corporation’s subsidiary for the sale of its 100 per cent shareholding in Shell’s arm in the Philippines.
Maersk Drilling boasts largest quarterly backlog addition since 2017
Maersk Drilling has added hundreds of millions to its contract backlog, its largest quarterly backlog addition since 2017.
Infranode supports Yilport Oslo’s green transition
Nordic infrastructure fund Infranode has signed an agreement with Yilport Oslo, a subsidiary of Yilport Holding, supporting Oslo Port’s effort to become the first fossil-free port in the world.
Hydra buys Subsea Responder IV
Hydra Subsea, part of Hydra Offshore Construction, has acquired the deep-water DP2 multi-purpose construction vessel Subsea Responder IV. Subsea Responder IV, previously named URF Challenger and DMT Emerald, is a US-built Jones Act-compliant vessel with dual internal work-class remotely operated veh
DSME swings to loss in Q1, 2021
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) reported a net loss for the first quarter of 2021, reversing from last year’s profit amid lower than expected order intake. DSME said that the net loss for the first quarter was KRW 234 billion ($207 million), against a profit
Seadrill racks up over $400 million in contracts during first quarter
Offshore drilling contractor Seadrill Limited has won over $400 million in new deals during the first quarter of 2021 bringing the company’s total backlog to $2.1 billion.
Genco adds fuel-efficient Ultramax pair to its fleet
Bulk shipping company Genco Shipping & Trading Limited has inked a deal to acquire two 2022-built 61,000 dwt Ultramax vessels to be constructed at Dalian Cosco KHI Ship Engineering (DACKS). The shipowner did not reveal the price tag of the two newbuilds. The vessels are expected to be delivered to G
Total strikes LNG supply deal with ArcelorMittal
French major Total has secured a five-year LNG sale and purchase deal with ArcelorMittal Nippon Steel, a joint venture between ArcelorMittal (60 per cent) and Nippon Steel (40 per cent).
Wintershall Dea makes new discovery near Dvalin field
Oil and gas company Wintershall Dea has made a gas/condensate and oil discovery near the Dvalin field in the Norwegian Sea.
Valaris jack-up wins Gulf of Mexico job
Offshore drilling contractor Valaris has been awarded a contract for one of its jack-up rigs in the U.S. Gulf of Mexico.