Business & Finance
COVID-19: Hapag-Lloyd Adds 100,000 TEU of Capacity to Keep Goods Moving
Hapag-Lloyd has on-hired over 100,000 TEU of additional equipment across the globe to keep the supply chain flowing.
Maersk Product Tankers back to black
Danish tanker owner and operator Maersk Product Tankers returned to black having reported a profit of $91.4 million for 2019 as freight markets improved across all tanker segments. The profit marks a significant recovery when compared to a loss of $35 million a year earlier. The tanker shipping comp
Saltire backs Atlantis subsea hub
SIMEC Atlantis Energy has been awarded a £1.5-million grant from the Scottish Government’s Saltire Tidal Energy Challenge Fund to develop a subsea tidal turbine connection hub for the next phase of development of the MeyGen tidal power array. The Saltire Tidal Energy Fund is a £10-million fund suppo
Mitsubishi and Chubu complete Eneco buy
Mitsubishi Corporation and Chubu Electric Power have completed the acquisition of the Dutch energy company Eneco. The two Japanese companies have now, through their special purpose company, Diamond Chubu Europe B.V, acquired all of the shares of Eneco. The total value of this acquisition is €4.1 bil
All Set for Port of Waterford Dredging Campaign
Port of Waterford, Ireland, is about to begin a maintenance dredging campaign, the company announced in a press release on Monday. As reported, on or about Saturday the 28th of March, the trailing suction hopper dredger Shoalway will conduct dredging activities in the vicinity of Duncannon Bar, Chee
Maersk Product Tankers Back to Black
Maersk Product Tankers returned to black having reported a profit of USD 91.4 million for 2019.
Prada and UNESCO Postpone Sea Beyond Project Due to COVID-19
Prada and UNESCO’s Intergovernmental Oceanographic Commission (IOC) have decided to postpone the start of activities of the Sea Beyond project to September 2020, as a precautionary measure in the context of the COVID-19 pandemic. According to data released by UNESCO, the COVID-19 outbreak is now imp
Equinor joins other majors in slashing spending
Equinor has decided to reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and oil price downturn.
Gasum to Supply LNG-LBG Fuel Blend to Preem’s Tankers
Gasum agrees with Preem to supply the latter’s tankers with a new fuel blend consisting of LNG and LBG.
Maersk Decom Gets New Project Manager
Maersk Decom has welcomed Marc Nordahl Heyde to the team as project manager. Heyde comes to Maersk Decom following five years in Maersk Supply Service. Throughout his career, he has worked across various regions within commercial functions. Most recently he was commercial manager in Asia, focused on
Equinor reveals plan to cut $3 billion from its spending
Norwegian oil and gas major Equinor has revealed an action plan to battle the impacts of the coronavirus and low commodity prices under which it will reduce its spending for 2020 by $3 billion.
Saltire Backs Atlantis Subsea Hub
SIMEC Atlantis Energy has been awarded a £1.5 million grant from the Scottish Government’s Saltire Tidal Energy Challenge Fund to develop a subsea tidal turbine connection hub for the next phase of development of the MeyGen tidal power array. The Saltire Tidal Energy Fund is a £10-million fund suppo
Diana’s Post-Panamax to Work for SwissMarine
Diana Shipping inks a time charter contract with SwissMarine for a Post-Panamax dry bulker.
Connecting gears of the energy transition
The energy transition is one of the greatest challenges of our time. A large part of the energy transition takes place at sea and sustainable innovations reshape the maritime sector. Our communities, the offshore, maritime and energy industry, are front runners in this change. Navingo believes that