Business & Finance
World’s 1st circular ship dismantling yard wins EU backing
Circular Maritime Technologies (CMT), a Dutch startup targeting to automate shipbreaking processes, has secured an EU subsidy that would help the company take the project to the next stage of development. CMT said that it won a subsidy as part of the Kansen voor West III, a program largely financed
Issues at North Sea field cut down Norwegian player’s production outlook
Norwegian oil and gas company OKEA is reducing its production outlook for 2023 following news that limited production is expected from a field in which it had recently purchased a stake. Operator Wintershall Dea Norge informed OKEA that issues with the water injectors at the Nova field may limit its
Safe Bulkers returns to Alfa Laval for more scrubbers
Greek shipowner Safe Bulkers has placed an order for additional Alfa Laval PureSOx exhaust gas cleaning systems bringing the number of vessels to be fitted with the systems to 25. The company has just installed its 21st PureSOx scrubber, and four more retrofits are scheduled through the first half o
World’s first promotional platform for financing green hydrogen launched in Germany
German state-owned investment and development bank KfW has launched the world’s first financing platform for tailored financing of infrastructure for green hydrogen and its derivatives. Together with the Federal Ministry for Economic Cooperation and Development (BMZ) and the Federal Ministry for Eco
CMES, BHP and DNV to share voyage data to cut maritime carbon emissions
China Merchants Energy Shipping (CMES), BHP and DNV have signed a Memorandum of Understanding (MOU) to collaborate on industry value chain greenhouse gas (GHG) management. The signing took place in conjunction with the second World Maritime Merchants Forum in Hongkong, organized by CMES. The MOU see
Fincantieri delivers MSC Seascape, the largest and most technologically-advanced ship built in Italy
Italian shipbuilder Fincantieri has handed over MSC Seascape to MSC Cruises at a ceremony held at Fincantieri’s yard in Monfalcone. MSC Seascape is the second ship of the Seaside EVO class, an evolution of the Seaside class and joins the sister ships MSC Seaside and MSC Seaview, which entered servic
Half of the vessels ordered by Danish shipping companies can sail on green fuel
Danish shipping companies have 51 new vessels under construction, and 25 of them can sail on green fuels, according to a new analysis from Danish Shipping, a trade and employer organisation for more than 90 shipowners and offshore companies. Right now, there is a total of orders for 51 new vessels f
INEOS picks structural integrity analysis provider for North Sea platforms
UK-based oil and gas company INEOS has awarded energy services company Kent with a framework contract for the delivery of structural integrity analysis modeling services for its offshore facilities. Under the three-year contract, Kent will deliver the full suite of structural analysis services for I
Maersk inks green methanol deal with Carbon Sink
Danish container shipping major A.P. Moller – Maersk has entered into a green methanol partnership with U.S.-based project developer Carbon Sink LLC. The parties have signed a Letter of Intent covering Carbon Sink’s development of green methanol production facilities in the United States. The first
QED Naval collects over €1.7 million as tidal power picks up pace
QED Naval, a Scotland-based tidal energy company, has secured over €1.7 million of funding with 1,152 investors taking part in its Seedrs crowdfunding campaign.
EU boosts IMO’s energy-efficiency project with additional €10mln investment
The European Commission has revealed it will invest an additional €10 million for an energy-efficiency project to reduce international shipping’s greenhouse gas (GHG) emissions through a global network of Maritime Technology Cooperation Centres (MTCCs), which is managed by the International Maritime
First contract in for Argeo’s new subsea vessel
Argeo has secured the first contract for its vessel Argeo Searcher and both SeaRaptor autonomous underwater vehicles (AUVs) which will see them deployed for ultra deep-water work in the North Atlantic. Work is scheduled to commence directly after the vessel conversion is finished in January, with a
Neptune finds hydrocarbons in Norwegian Sea prospect
Neptune Energy has encountered hydrocarbons during the drilling of an exploration well located in the Norwegian Sea.
Wintershall Dea hands in amended plan for Norwegian field
Operator Wintershall Dea and licensees Petoro and Sval Energi have submitted the amended plan for the development and operation of the Maria field to Norway’s Ministry of Petroleum and Energy. Located at a depth of 300 meters in the Norwegian Sea, the Maria field started production in 2017 from two