Business & Finance
Despite higher day rates, new rig orders not on the cards soon, says Westwood
While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.
Equinor picks Nauticus and Stinger Technology for North Sea project
Nauticus Robotics has been hired – together with its partner, Stinger Technology – for a pilot project by Norway’s Equinor.
Ammonia-powered ships expected to be 50-130 pct pricier to build
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Exceedence launches €500K crowdfunding campaign
Irish fintech company Exceedence has launched a crowdfunding campaign on Seedrs platform, aiming to raise €500,000 to advance its software solution exfin that can help accelerate the roll out of offshore wind, wave and tidal energy projects.
Reports: Hapag-Lloyd doesn’t make it to the shortlist in the bid for HMM
The fervent contest to secure ownership of South Korea’s premier shipping enterprise, HMM Co., has recently taken a compelling turn with the entry of Hapag-Lloyd AG, Germany’s foremost container shipping powerhouse. Hapag-Lloyd, Germany’s most prominent and the fifth largest global player, stood as
Solstad is on a roll as six vessels win new jobs in African and Norwegian waters
Solstad Offshore is experiencing a prolonged spell of success, demonstrated by the latest batch of contracts for six vessels in its fleet.
Aker BP, Aker Solutions and Subsea 7 kick off construction work for oil & gas project off Norway
Aker BP, Aker Solutions, and Subsea 7 have started the work on the first of three seabed installations for huge oil & gas projects.
MAN furnishing three North Sea oil & gas platforms with compressor technology
MAN Energy Solutions has been hired to provide seven compressor units for three new offshore oil and gas production platforms.
EnBW buys into Norwegian green ammonia project
German energy supply company EnBW Energie Baden-Württemberg has entered into an investment agreement with Skipavika Green Ammonia (SkiGA), which is said to be one of Europe’s most advanced projects for emission-free ammonia production, in Western Norway. Under the agreement, EnBW will acquire a 10%
Van Oord’s new cable-laying vessel comes to Dutch shores
Van Oord has taken delivery of the newest member of its fleet, a next-generation, cable-laying vessel, which arrived in the Netherlands.
World’s 1st methanol-powered boxship completes Europe’s inaugural methanol bunkering on final leg to Copenhagen
Slowly but surely the world’s first containership powered by green methanol is making its way from South Korea to its final destination of Copenhagen where it will be christened in September. The 2,100 TEU boxship, built by Hyundai Mipo Dockyard, has arrived in the Port of Rotterdam, the final stop
OceanPal becomes partner in a deal for methanol-ready tanker newbuilding pair
Nasdaq-listed shipowner OceanPal Inc. announced that it is investing in a Norwegian entity, RFSea Infrastructure II AS, that will construct two methanol-ready, stainless steel chemical tankers. The two 600 dwt chemical tankers, ordered under two separate contracts, will be built at China’s Wuhu Ship
AW-Energy hops on Halliburton Labs Clean Energy Accelerator
AW-Energy, a Finnish near-shore wave energy technology developer, has joined the Halliburton Labs Clean Energy Accelerator program, gaining access to broad range of know-how to scale up its business.
Wärtsilä rolls out onboard carbon capture and storage feasibility studies
Technology group Wärtsilä has added carbon capture and storage (CCS) feasibility studies to its portfolio of products intended for shipowners and operators. The company has already conducted a number of studies on a range of vessel types including ro-ro and ro-pax vessels, a drill ship, a container