Business & Finance

LR: Industry Players Join Forces on Ammonia-Fueled Tanker Project
MISC Berhad, SHI, LR and MAN Energy Solutions have decided to work together to develop an ammonia-fueled tanker.

Pyxis Tankers Wraps Up MR2 Ship Sale
Greek product tanker company Pyxis Tankers has completed the sale of one of its MR2 chemical/product tankers.

Seven Viking Owners Boost Environmental Footprint
Subsea 7 and Eidesvik Offshore have been presented with the International Marine Contractors Association (IMCA) Environmental Sustainability Award for 2019 in recognition of its efforts to reduce vessel emissions and improve energy efficiency. In January 2019, Seven Viking was converted from a conve

iContainers: Shipping Industry Needs to Tackle Misdeclared Cargo in 2020
Onboard fires caused by misdeclared cargoes is a growing issue that needs to be addressed this year, iContaines says.

Unity Delivers North Sea P&A Pressure Testing for Petrofac
Aberdeen-based well integrity player Unity has completed a preparatory plugging and abandonment project in partnership with oilfield services provider Petrofac. Unity deployed its Temporary Abandonment Cap Test Tool (TACTT) to pressure test two suspended mudline wells in the North Sea in support of

Laboratory Experiment Into Dynamic Coastal Protection in Hannover
Following the success of the DYNAREV experiment in the summer of 2017, a second Bath-led laboratory experiment on a low cost style of dynamic revetment was carried out in collaboration with researchers from institutions in both Europe and Brazil, supported by GCRF funding. Traditionally, coastal pro

One Sea Alliance Welcomes New Chairman
One Sea, the industry alliance promoting autonomous shipping, has appointed Capt Eero Lehtovaara as its new Chairman.

BW Energy IPO slated for first quarter of 2020
Norwegian FPSO operator BW Offshore is targeting 1Q 2020 for the IPO and listing of its 68.6% owned exploration and production subsidiary, BW Energy.

Pirat X – The Biggest Dredger in Africa (VIDEO)
The cutter suction dredger Pirat X is the flagship of B&Q Dredging fleet and one of the biggest CSDs in the world. With three pumps and roughly 10,000 horsepower, it can dredge and transport up to 12.000m³ soil-water mixture per hour at depths of up to 50 meters. Being the biggest dredger in Africa,

Equinor Picks Aker Solutions for Troll Platforms Electrification FEED
Aker Solutions has secured a front-end engineering (FEED) study from Equinor to enable power from shore for the Troll B and C platforms, to reduce CO2 emissions from the field. The contract includes an option for the engineering, procurement, construction and installation (EPCI) work following the c

Aker Solutions eyes 5-year brownfield services contract
Aker Solutions is participating in a joint venture that has been issued a letter of award to provide offshore maintenance and modification services to an undisclosed client.

Aker Solutions wins FEED job for electrification of Troll platforms
Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms located offshore Norway.

Havila scoops two new offshore vessel deals
Norwegian shipping company Havila Shipping has secured contracts for two of its offshore vessels.

HMM’s 24,000 TEU Mega Ships to Start Delivery in April
The sequential delivery of the new containerships coincides with the company’s entry into THE Alliance.