Business & Finance
Damen wants to have methanol-powered tugs production-ready in 2026
Dutch shipbuilder Damen has signed a Memorandum of Understanding (MoU) with U.S.-based engine manufacturer Caterpillar and official Cat dealer for the Netherlands Pon Power for the joint development of a series of dual-fuel methanol/diesel powered tugs. “A big step in Damen‘s aim to become the world
VIDEO: KNRM at OEEC2022
Jeroen Wooning is Relationship Manager and Fundraiser at the KNRM. The Royal Dutch Rescue Society (KNRM) rescues and helps anyone in distress on the water, free of charge. They are an independent organisation with its own funding, maintained by donations, gifts and bequests. KNRM provides assistance
With final prep out of the way, Guyana partners ready to drill upon Noble rig’s arrival
CGX and Frontera have wrapped up the preparations to spud an exploration well off Guyana upon arrival of the Noble-owned rig.
2nd LNG-powered ferry joins TT-Line’s fleet
Germany-based ferry owner and operator TT-Line has taken delivery of its second green ship, the LNG-powered Peter Pan. The RoPax ferry was handed over during a signing ceremony held this morning at the Chinese shipyard Nanjing Jinling. The vessel features a length of 230 meters and a breadth of 31 m
K Line sets sights on delivery of ammonia-powered bulker in 2026
Japanese shipping company K Line has secured approval in principle from ClassNK for the design of its ammonia-fueled bulk carrier, paving the way for the company to take delivery of the vessel in 2026. The 200,000 deadweight ton class bulk carrier design is being developed by K Line in cooperation w
As winner of Petrobras’ tender, Prosafe anticipates contract award by year-end
Prosafe has been selected as the winning bidder for a 650-day firm period contract for Petrobras’ tender in Brazil.
BAR Tech WindWings by Yara Marine start taking shape with 6 units slated for installation in 2023
UK-based marine engineering consultancy BAR Technologies and Norwegian technology company Yara Marine Technologies have launched the production of BAR’s solid wing sails. The two companies said that the ‘first cut’ of the steelwork that will form the first production run of WindWings has been comple
WFW assists NORD/LB on €100M German LNG terminal financing
London-based law firm Watson Farley & Williams has advised Norddeutsche Landesbank Girozentrale (NORD/LB), one of the largest commercial banks in Germany, on the long-term financing of an import terminal for liquefied gas to be constructed in Stade-Buetzfleh, Lower Saxony, Germany. The project, whic
WATCH: Dolphin rig docking in Las Palmas to get ready for its gig in Nigeria
Dolphin Drilling’s Blackford Dolphin rig has arrived in Las Palmas, Spain, where it is expected to prepare for its assignment in Nigeria.
Drone footage shows Nord Stream pipeline incident ‘undoubtedly sabotage’
A video of the blast-damaged Nord Stream 2 gas pipeline has indicated that this was undoubtedly an act of sabotage, says a military analyst.
DSME terminates LNG carrier contract with a Russian client
South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has canceled a contract for the construction of an LNG carrier from a client from Russia. The contract termination was assigned to delays and stoppages of the supply of major equipment and materials due to export sanctions imp
Following shutdown, North Sea gas project back online
UK-headquartered IOG plc has restored production from its Saturn Banks Project – Phase 1 in the UK sector of the North Sea, after a shut-in.
Shutdown of Baltic Pipe temporarily halts gas flow to Poland
Energinet is preparing for the Baltic Pipe project to reach its full capacity, which requires a temporary shutdown of the pipeline.
CMA CGM to call for decarbonization projects in early 2023 bankrolled by €200 mln budget
French container shipping CMA CGM is getting ready to launch a call for projects in early 2023 intended to support the decarbonization of the French shipping and port industry. The company has already committed a €200 million budget for the projects from its five-year $1.5 billion budget, which was