Business & Finance
Wage settlement ends oil strike in Norway
Norwegian oil firms were able to strike a wage bargain with officials of labour union Lederne on Friday, ending a 10-day strike which threatened to cut the country’s oil and gas output by almost 25 per cent.
Hyundai Mipo wins order for LPG carrier duo
South Korean shipbuilding major Hyundai Mipo Dockyard has secured an order for the construction of two LPG carriers from an undisclosed African shipowner. According to Clarksons Platour Shipbroking, West Africa LPG is behind the order featuring two 23,000 cbm fully refrigerated LPG carriers. The ves
MV Werften secures fresh round of funds to stay afloat
German shipbuilder MV Werften, part of Genting Hong Kong (GHK), has received a €193 million (about $227 million) state-supported loan to complete the cruise ship Crystal Endeavor for delivery and keep the shipyard operations till March 2021.
Asahi Tanker orders world’s 1st zero-emission tankers
Japanese shipping firm Asahi Tanker Co. has placed an order for the construction of two electrically-powered tankers. Japanese shipbuilders Koa Sangyou Co and Imura Zosen KK will be in charge of constructing one vessel each, while Kawasaki Heavy Industries will serve as the system integrator for the
Norway’s striking labour union, oil firms to meet with mediator
Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent.
Bombora lines up multiple mWave suppliers
Welsh-based Bombora Wave Power has awarded several contracts to support the fabrication and subsequent testing of its mWave energy device.
Welsh business hires Scottish wave energy power take-off unit
Marine Power Systems (MPS) has selected Quoceant as a contractor for the delivery of the first stage of WaveSub energy device’s power take-off design.
Siemens Gamesa, Vinci VR developing virtual reality training for US offshore wind
Siemens Gamesa and Boston-based startup Vinci VR have secured funding from the Massachusetts Clean Energy Center to develop Virtual Reality (VR) training simulations for the offshore wind sector in Massachusetts and the U.S. East Coast. The USD 124,670 grant will be used to create the first Global W
Havyard extends closure as 75 people test positive for COVID-19
A total of 75 people associated with Norway’s shipbuilder New Havyard Ship Technology AS, part of Havyard Group, have tested positive for the coronavirus, further extending the closure of the yard. The Leirvik-based shipyard temporarily halted activities on September 30, after four infection cases w
Noble Corporation scores rig extension deal with ExxonMobil
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.
Swiss developing wind turbine design and assessment tool
Akselos and École Polytechnique Fédérale de Lausanne (EPFL) have won a CHF 1.2 million grant from the Swiss Innovation Agency (Innosuisse) to deliver a next-generation structural design and assessment tool for wind turbines. The grant is part of a project that aims to increase the computational capa
Lukoil, KazMunayGas ink deal for Al-Farabi block in Kazakh Caspian Sea
Russian oil and gas company Lukoil and Kazakhstan’s state-owned company KazMunayGas (KMG) have signed an agreement for future obligations on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.
Container shipping majors boosted by positive credit ratings
Rating agency Moody’s has upgraded the outlook on the ratings of the world’s largest container shipping company Maersk from negative to positive. Concurrently, Moody’s affirmed the Baa3 long-term issuer rating of the company. “Following a very strong performance amidst the global pandemic by the con
Swire Blue Ocean to rebrand ahead of stock exchange debut
Swire Pacific Offshore is planning to list its subsidiary Swire Blue Ocean (SBO) on the Oslo Stock Exchange. The proposal to take Swire Blue Ocean public comes after the announcement of expansion plans, the company said. The subsidiary is also undergoing full rebranding and will be renamed Cadeler.