Business & Finance
Konecranes and Cargotec merger prospectus wins green light from Finnish Supervisory Authority
Finnish engineering majors Konecranes and Cargotec have won approval from the Finnish Financial Supervisory Authority for their merger prospectus. The merger was announced in October this year. The proposed combination is scheduled to be implemented as a statutory absorption merger whereby Konecrane
NPD reveals new executive team
The Norwegian Petroleum Directorate (NPD) has revealed almost its entire new set of level-two executives with ten of eleven now in place.
ConocoPhillips starts production from first redevelopment of shut-in field in Norway
Oil major ConocoPhillips and its partners in the Tor Unit have started production from the Tor II project located offshore Norway.
Lithuanian government sets stage for Klaipeda port offshore wind upgrade
On 2 December, Lithuanian government approved a draft resolution that would lead to the Port of Klaipeda being upgraded to accommodate facilities supporting offshore wind projects. The resolution will create the necessary conditions for Klaipeda State Seaport Authority to invest in port infrastructu
Carbon Trust launches offshore wind integration programme
The Carbon Trust has launched a new joint industry programme focused on optimizing the integration of offshore wind. The Integrator is a programme designed to examine the interplay between offshore wind, existing infrastructure, and other technologies and developments to highlight opportunities for
Wärtsilä wins maintenance deal for Lastco’s VLGC duo
The technology group Wärtsilä has signed 5-year Optimised Maintenance Agreements covering the main engines for two very large gas carriers (VLGC) operated by Latsco Marine Management (LMM). The contract, which became effective from September, was signed in August 2020. The two vessels, the Hellas Dy
PKN ORLEN schedules offshore wind supply chain meeting
Polish energy company PKN ORLEN is holding an online meeting with potential supply chain companies for its offshore wind farm project in the Baltic Sea. PKN Orlen, through its subsidiary Baltic Power, holds a license to build wind farms with a maximum total capacity of up to 1,200 MW at a circa 131
Lithuania pours € 7.5 million into preparation for first offshore wind tender
Lithuanian government has allocated € 7.5 million to prepare for its first offshore wind tender and the development of the first 700 MW of offshore wind capacity in its part of the Baltic Sea. The funds will support environmental impact assessments and other studies and surveys to be carried out fro
Methanol Institute calls for the adoption of methanol as Arctic fuel
The Methanol Institute is urging the maritime community to mitigate pollution and emissions risk in Polar regions by adopting methanol as marine fuel, and applying bunkering guidelines developed by the European Committee for Standardisation (CEN). The call is being issued on the back of IMO’s meetin
Eco Wave Power names new head of finance
Wave energy developer Eco Wave Power has appointed Aharon Yehuda as its new Chief Financial Officer.
Soren Toft starts his CEO role at MSC
Soren Toft started his new role as Chief Executive Officer of Mediterranean Shipping Company (MSC), the world’s second-largest container shipping firm, on December 2, 2020. He reports directly to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman. In his role as
Celsius charters LNG tanker trio to Cheniere
Celsius Tankers, a unit of the Copenhagen-based Celsius Shipping, has found work for its newbuild trio of ultra-eco LNG carriers.
Rem Offshore finds work for one more PSV with Apache
Norwegian shipping company Rem Offshore has been awarded another contract for a platform supply vessel (PSV) from Apache in the UK North Sea.
Ørsted to fight Danish taxation of its UK offshore wind farms
The Danish Tax Agency has decided to tax Ørsted’s Walney Extension and Hornsea One offshore wind farms in the UK and the developer has now announced an appeal to this decision to the Danish Tax Appeals Agency. Namely, Ørsted received an administrative decision on 1 December for the tax years 2015 an