Business & Finance
Fifth Newbuild Joins 2020 Bulkers
2020 Bulkers takes delivery of Bulk Shenzhen, the fifth of eight 208,000 dwt Newcastlemax newbuilds.
EMGS Vessel Utilization Increases
Electromagnetic Geoservices (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018. For the full year 2019, the vessel utilization was 59%, whereas the utilization for the full year 2018 was 33%. In the fourth quarter of
K Line CEO: We Can’t Reach IMO’s 2030 Targets by Simply Switching to LNG Fuel
K Line believes the future of its business excellence lies in the further development of alternative technologies.
Equinor Presents New Plan to Reduce Emissions in Norway
Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040 and to near zero by 2050. By 2030 this implies annual cuts of more than 5 million tonnes, corresponding to around 10
Yinson bags fresh extension for Vietnam FPSO
Malaysian FPSO provider Yinson has agreed to another short-term extension for its FPSO PTSC Lam Son, operating offshore Vietnam.
Waterplace Park Dredging Project (VIDEO)
J.F. Brennan Company, Inc. has just presented a video overview of the Waterplace Park dredging project in Providence, RI. The project is being done jointly by the City of Providence, the Nature Conservancy, the Coastal Resources Management Council, 195 Redevelopment District Commission, the Providen
ExxonMobil awards 5-year deal to Ranhill Worley JV in Malaysia
Perunding Ranhill Worley has been awarded a five-year engineering, procurement, and construction management (EPCM) contract by ExxonMobil in Malaysia.
Adani Ports To Take Majority Stake in Krishnapatnam Port
Adani Ports and Special Economic Zone Limited is to acquire a controlling stake in Krishnapatnam Port Company Ltd (KPCL).
Pang Brothers to Lead Pacific Radiance
Offshore vessel operator and subsea services provider Pacific Radiance has appointed James Pang and Anthony Pang to take over key roles in senior management. James Pang, currently managing director of commercial and business development, has been appointed as the acting chief executive officer (CEO)
Taiwan Reduces 2020 Offshore Wind Feed-in-Tariff
Taiwan’s Ministry of Economic Affairs has reduced the 2020 feed-in-tariff (FiT) for offshore wind by 7.6% compared to the 2019 FiT rate. The 20-year FiT for offshore wind power purchase agreements (PPAs) signed in 2020 is set at TWD 5.0946 per kW/h. The developers also have an option to receive TWD
Taiwan Reduces 2020 Offshore Wind Feed-in-Tariff
Taiwan’s Ministry of Economic Affairs has reduced the 2020 feed-in-tariff (FiT) for offshore wind by 7.6% compared to the 2019 FiT rate. The 20-year FiT for offshore wind power purchase agreements (PPAs) signed in 2020 is set at TWD 5.0946 per kW/h. The developers also have an option to receive TWD
TOP Ships Sells Its Only Two MR1 Tankers
TOP Ships disposed of its only two medium range (MR) 1 product/chemical tankers.
Pirates Attack TSHD Ambika, Four Dead, Three Kidnapped
The Nigerian-flagged trailing suction hopper dredger (TSHD) Ambika (ex Galilei 2000) was attacked last week when operating 3nm from the mouth of the Ramos River, off the coast of Nigeria. According to the international maritime security consultancy Dryad Global, during the attack, a firefight occurr
Equinor launches new plan to cut emissions in Norway to near zero by 2050
Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040, and to near zero by 2050.