Business & Finance
Scorpio Bulkers nets $101.5 million as it kicks up a notch its bulker selling spree
Scorpio Bulkers Inc. has entered into agreements with two unaffiliated third parties to sell five Kamsarmax bulkers for a total of $101.5 million. The ships that will be changing hands are the SBI Parapara, SBI Jive, SBI Swing and SBI Mazurka, Kamsarmax bulk carriers built in 2017, and SBI Reggae, a
Petrobras to shed 50 pct stake in Marlim cluster
Brazilian oil major Petrobras has launched an opportunity disclosure stage (teaser) for the sale of its 50 per cent in offshore oil fields known as the Marlim Cluster in the Campos Basin, offshore Brazil.
Nord Pool exchange to offer new North Sea Link capacity
European power exchange Nord Pool has won a contract by National Grid and Statnett to deliver a solution outside of the Internal Energy Market (IEM) to provide implicit capacity in its day ahead market for the 1,400 MW North Sea Link (NSL). NSL, a joint venture between National Grid and Statnett, wi
New European coalition targets more sustainable offshore wind development
Eighteen offshore wind companies, transmission system operators and environmental NGOs have launched a new coalition dedicated to ensuring that Europe delivers its planned expansion of offshore wind energy while preserving nature and marine ecosystems. The aim of the Offshore Energy and Nature Coali
A flurry of crude oil carrier orders for Korean shipbuilders surpasses $1 billion
Korean shipbuilding heavyweights have amassed over $1.06 billion in crude carrier orders in a single day having reported shipbuilding contracts for a total of 13 newbuilds. Korea Shipbuilding & Offshore Engineering has won orders for ten 300,000 ton very large crude carriers (VLCCs) worth $890 milli
SBM Offshore orders electrical cables for Mero 2 FPSO
Marine and offshore electrical cables manufacturer CCI CableService has been awarded a contract by SBM Offshore for the supply of cables for the new FPSO Sepetiba set for the Mero 2 project.
Sapura Energy scores offshore deals worth $148.4 million
Subsidiaries of oil and gas services provider Sapura Energy has won several contracts worth RM611 million (around $148.4 million).
EU adds 4 more ship-recycling facilities to its list as UK yards face Brexit-related removal
The European Commission has added new yards to the European List of ship recycling facilities suitable for the dismantling of EU-flagged vessels in an environmentally-friendly way. These include two European yards and two more yards in Turkey. “With the addition of these new yards, ship owners of EU
Equinor makes corporate structure changes
Norwegian oil major Equinor has made changes in the corporate structure and the corporate executive committee.
US: NY Congress members back Empire Wind’s Brooklyn terminal plans
U.S. Congress members from New York State, Jerrold Nadler and Nydia M. Velázquez, have sent a letter to New York Governor Andrew Cuomo in support of the Empire Wind offshore wind project, more specifically its Port Infrastructure Improvement Plan (PIIP) which would set up an offshore wind hub at the
Fugro and NYK Group jointly target Japanese offshore wind market
Fugro and the Tokyo-based transportation company, NYK Group, have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables proj
DSME wins $652 million deal to build 6 ULCVs
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has inked a deal to build six containerships for an undisclosed European shipowner. The contract is worth $652 million (KRW 722.6 billion), the shipbuilder disclosed in a regulatory filing. The containerships are sched
Shell awards more work to Maersk drillship in Brunei
Following a recent one-well contract award, Maersk Drilling has now also secured a one-well extension for the Maersk Viking drillship with Shell in Brunei.
Fincantieri points to Q3 production recovery in an unprecedented year
Italian shipbuilder Fincantieri reported a 16% drop in revenues for the first nine months of 2020 reaching €3.53 billion, considerably impacted by the Covid-19 outbreak. The shipbuilder’s EBITDA stood at €200 million, down from €306 million reported in the same period in 2019, with an EBITDA margin