Business & Finance
Eastern Pacific Shipping’s product tanker hit by projectile off Oman
Singapore-based ship management company Eastern Pacific Shipping is investigating an incident involving its managed product tanker Pacific Zircon. “Preliminary reports indicate the vessel, carrying a cargo of gas oil, was hit by a projectile approximately 150 miles off the coast of Oman at about 15:
Yangzijiang Shipbuilding delivers 12,000 TEU boxship to Seaspan
Seaspan Corporation took delivery of its final 11,800 TEU containership from a series of six ultra-large containerships ordered from Yangzi Xinfu Shipbuilding of Yangzijiang Shipbuilding Group. The New Panamax container vessel was named ZIM Canada at a ceremony held on November 8, as it would be ope
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
With FSO picked, oil field project off Thailand expected back online next year
Valeura Energy has inked a deal for an FSO, which will be deployed on its oil field project in the Gulf of Thailand.
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
Singapore invests in low-carbon energy research to boost hydrogen growth
Singapore has revealed its plans to invest SGD 129 million (nearly $94 million) in low-carbon energy research (LCER) in 2022 to help import, handle and utilise hydrogen safely and at scale. The announcement was made by Low Yen Ling, Minister of State, Ministry of Culture, Community and Youth & Minis
FueLNG’s 2nd LNG bunker vessel hits the water at HMD
Singapore-based LNG bunker supplier FueLNG revealed that its second LNG bunkering vessel was launched earlier today at Hyundai Mipo Dockyard Co. Ltd., Korea. According to FueLNG, the Singapore-flagged bunker vessel with a carrying capacity of 18,000 cubic meters would be the largest LNG bunkering ve
Sembcorp Marine finishes two platforms for giant oil project off Qatar
Singapore’s Sembcorp Marine has completed the work for two offshore platforms destined for an oil field project located in Qatari waters.
Neptune finds hydrocarbons in Norwegian Sea prospect
Neptune Energy has encountered hydrocarbons during the drilling of an exploration well located in the Norwegian Sea.
Navigator, Enterprise to expand their joint ethylene export terminal
Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, has joined hands with Enterprise Products Partners on expanding their existing ethylene export terminal joint venture at Morgan’s Point, Texas on the Houston Ship Channel. The developments ma
Iran to boost production by drilling 35 new wells on ‘world’s largest offshore gas field’
To ramp up and maintain gas production from a field off Iran, Pars Oil and Gas Company unveiled plans to drill 35 new wells at this field.
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
Molslinjen to test flywheel technology onboard its ferries
Danish ferry operator Molslinjen has entered into a strategic technology and investment deal with compatriot energy storage firm WattsUp Power A/S. The company produces so-called flywheels, which in theory can enable a fast ferry to run entirely on green energy. A flywheel is essentially a mechanica
Lack of strong national policies on green fuels holds back investments in shipping infrastructure, report says
A new report by the Tyndall Centre at the University of Manchester, which highlights the role of the shipping sector in transporting green fuels, is urging governments to create far stronger national policies on low-carbon fuels in order to bridge ‘a yawning gap’ between government-led projects and