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Business & Finance

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RINA launches six-year Hydra project
Business & Finance

RINA launches six-year Hydra project

Classification society RINA has announced the start of the six-year research Hydra project, which by 2025, aims to create a 100% hydrogen-fueled pilot plant capable of producing up to seven tons of steel per hour, with a significant reduction in carbon emissions. The €88 million Hydra initiative is

about 3 years ago
European Commission ends shipping consortia antitrust exemption
Business & Finance

European Commission ends shipping consortia antitrust exemption

The European Commission will not extend the EU legal framework exempting liner shipping consortia from EU antitrust rules, known as the Consortia Block Exemption Regulation (CBER). This decision comes after a review process initiated in August 2022, with the CBER set to expire on April 25, 2024. The

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about 3 years ago
ERMA FIRST AIP
Business & Finance

ERMA First’s CCS wins nod from LR

Greek ballast water treatment specialist ERMA FIRST has won Lloyd’s Register’s Approval in Principle (AiP) for its amine absorption-based carbon capture & storage (CCS) system. The system uses absorption technology to mix carbon dioxide (CO2) flue gases with a proprietary amine solvent, which is the

about 3 years ago
Reach Subsea to perform survey for Scottish offshore HVDC transmission link
Business & Finance

Reach Subsea to perform survey for Scottish offshore HVDC transmission link

Reach Subsea has secured a contract with SSEN Transmission to carry out a survey for an HVDC transmission link offshore Scotland. The contract constitutes a detailed corridor survey for the Spittal to Peterhead HVDC power cable. The data will be used for detailed engineering and environmental assess

about 3 years ago
Northern Producer FPF; Source: Kishorn Port
Business & Finance

Gallery: 47-year-old rig converted into FPF enters UK port’s dry dock ahead of decom work

Former semi-submersible drilling rig, which was turned into an FPF, is going to be decommissioned at the UK’s Kishorn Port (KPL).

about 3 years ago
Levante LNG Peninsula
Business & Finance

Peninsula secures LNG bunkering license in Gibraltar

Maritime fuel supplier Peninsula has won an LNG bunkering operator license from the Government of Gibraltar and the Gibraltar Port Authority. The company recently sent its new 12,500 cubic meters LNG supply vessel, Levante LNG, to the Strait of Gibraltar. Levante LNG will be operated by Peninsula, s

about 3 years ago
KCA Deutag
Business & Finance

KCA Deutag’s Turan lands multi-million extension deal for eight offshore platforms

Turan Drilling & Engineering has secured a long-term contract extension worth $300 million for work on eight platforms off Azerbaijan.

about 3 years ago
container shipping
Business & Finance

ICS rolls out CII data collection system

The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c

about 3 years ago
DeepOcean and Aker BP make 'pioneer' USV agreement
Business & Finance

DeepOcean and Aker BP make ‘pioneer’ USV agreement

Norwegian subsea services provider DeepOcean and oil and gas player Aker BP have entered into an agreement to “pioneer” the use of an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work. According to DeepOcean, the USV solution can reduce CO2 emissions w

about 3 years ago
AHTS Far Senator; Source: VARD
Business & Finance

Oil player hires vessel on 412-day gig

An anchor handling tug supply (AHTS) vessel has been awarded a long-term contract with an undisclosed oil company for work outside Australia.

about 3 years ago
LNG carrier
Business & Finance

Samsung Heavy Industries lands $260 million deal for LNG carrier

South Korean shipbuilding major Samsung Heavy Industries (SHI) has secured an order for the construction of a liquefied natural gas (LNG) carrier. The contract, which is valued at a staggering KRW 350.8 billion ($260 million), was awarded by an unnamed Asian shipowner. The vessel is expected to be c

about 3 years ago
Recently shut-in Tamar platform off Israel; Source: Chevron
Business & Finance

With oil & gas markets on tenterhooks in the wake of the Israel-Palestine war, is a reinvigorated push for clean energy coming?

While current impacts are bound to be limited, a further spike along with a disruption of oil supplies are believed to be on the cards if Iran joins the fray.

11 minutes read
Evangelos Marinakis
Business & Finance

Marinakis proposes Capital Product Partners’ pivot to LNG carrier sector

Greek shipping magnate Evangelos Marinakis, alongside his son Miltiadis and private company Capital Maritime & Trading, has revealed plans to propose a significant shift in the business focus of New York-listed shipowner Capital Product Partners. The proposal, disclosed in a filing with the U.S. Sec

about 3 years ago
Noble Intrepid rig; Source: Kishorn
Business & Finance

UK port bids adieu to Noble rig following ten-month stay – gallery

After ten months, a jack-up rig has left the UK’s Kishorn port (KPL), in preparation for its next drilling assignment.

about 3 years ago