Business & Finance
Scorpio sells two more bulkers amid switch to offshore wind
Bulker owner and operator Scorpio Bulkers is pushing forward with the disposal of vessels as part of its strategy to secure a foothold in the offshore wind market. In its latest move, Scorpio inked agreements with an unaffiliated third party to sell SBI Phoenix and SBI Samson, two Ultramax bulk carr
Equinor teams up with Microsoft for tech support on carbon capture and storage project
Norwegian energy giant Equinor is teaming up with a tech giant Microsoft on Northern Lights carbon capture and storage (CCS) value chain in Norway.
Tulip Oil halves gas production from North Sea field
Tulip Oil halved its gas production from the Q10-A field in the Dutch North Sea in the third quarter of the year when compared to the previous quarter.
Norden offloads MR2 tanker acquired last year
Danish shipping company Dampskibsselskabet Norden A/S has wrapped up the sale of product tanker Nord Andes.
Tidal test site off Brittany marks progress
Paimpol-Bréhat tidal energy test site, located off France’s northern region of Brittany, is making great strides towards proving its sustainability, with one developer extending its trials until next year, and another announcing deployment for 2022.
BNP Paribas AM includes wave & tidal into its first blue economy ETF
BNP Paribas Asset Management has expanded its range of sustainable thematic investments with the launch of its first blue economy exchange-traded fund (ETF). The fund will build on the work BNP achieved with the circular economy ETF it launched in May 2019. This new ETF, called the BNP Paribas Easy
Nixon: We are ready to self tax as an industry, but within a uniform standard
Introduction of a carbon levy in the shipping industry must be done in a uniform, transparent and fair manner, Jeremy Nixon, CEO of Ocean Network Express (ONE) believes, reaffirming the industry’s pushback against a regional approach. A carbon levy on bunker fuels is being proposed as a way of colle
Crane for next-gen offshore wind turbines coming to market
The Netherlands-based Tetrahedron has developed a new crane for next-generation offshore wind turbines, said to be designed to fit on both existing and new jack-up vessels. Tetrahedron said that based on a different motion principle and a structural load transfer, the crane lifts higher than alterna
Wood gets $75 million worth Mariner job from Equinor
Oilfield services provider Wood has secured a new contract with Equinor to support its operations at the Mariner field in the UK Continental Shelf.
CMA CGM’s LNG-powered giant sets world record
The 23,000 TEU CMA CGM Jacques Saade, the world’s largest LNG-powered containership, has set a world record for the number of full containers loaded on a single vessel.
New CEO takes the reins at Ulstein
Cathrine Kristiseter Marti has been appointed as the new CEO of Ulstein Group, replacing Gunvor Ulstein who has decided to step down from her operational role after 22 years. Cathrine Marti comes from the position as CFO, a role she has had for the past six years. Gunvor will remain Chair of the Boa
Simec Atlantis makes directorate changes
Global developer of sustainable energy projects Simec Atlantis Energy has appointed a new non-executive director, and a special adviser to the company’s board of directors.
WEM orders CTV couple from Strategic Marine
The UK-based WEM Marine has ordered two new crew transfer vessels (CTVs) from Singapore’s shipbuilder Strategic Marine. The 27m CTVs will be powered by two Caterpillar C32 engines driving fixed pitch propellers and will be able to accommodate 24 technicians and three crew members. The vessels will b
North Sea Wind Power Hub looking for market engagement support
Energinet has issued a call for tenders for offshore market engagement support services for the North Sea Wind Power Hub (NSWPH) project. The consortium behind the NSWPH project is looking to engage with commercial and regulatory experts from leading offshore wind developers highlighting key regulat