Business & Finance
Hapag-Lloyd Ships Will Not Use Arctic Sea Routes
Hapag-Lloyd will not use the Arctic shipping passages which are now open as the sea ice is melting.
Drewry: Carriers, Shippers to Benefit from Future Online Platforms
Online technology platforms where shipping lines and their customers can negotiate forward contracts could help improve vessel utilisation levels and reduce freight rate volatility, a joint study by Drewry and CyberLogitec showed. While the shipping industry has changed dramatically in recent years,
Subsea 7 lands Pierce work with Shell
Subsea 7 has been awarded a sizeable contract by Shell for the Pierce depressurization project, located approximately 160 miles offshore, east of Aberdeen.
EC-OG Board Gets Two New Members
Aberdeen-based subsea energy storage and energy generation specialist East Coast Oil and Gas Engineering (EC-OG) has recently appointed two new directors. Existing EC-OG employees Paul Slorach and Jonny Moroney have been promoted as business development director and projects director respectively. E
Shell Authorizes Pierce Gas Project in North Sea
Shell and its partner Ithaca have taken a final investment decision on the Pierce Depressurisation Project in the UK Central North Sea. The move will enable Shell to start exporting gas from the Pierce field, which lies around 265 kilometers east of Aberdeen in Blocks 23/22a and 23/27 of the UK Cont
Eni investigation not closed for lack of evidence, U.S. DOJ clarifies
Following Eni’s statement last Tuesday about the U.S. Department of Justice’s closure of investigation into the company’s activities related to the Nigerian offshore license OPL 245, the DoJ has reportedly described it as ‘misleading.’
Damen Lays Keel for MAD 3500 Dredger
A keel laying ceremony of a Marine Aggregate Dredger (MAD) 3500 vessel, to be built for Hanson Aggregates Marine, took place today at Damen Shipyards Galati in Romania. The ceremony of this vessel, currently in progress at Damen Galati under YN 566352, was performed at Hull Division IA in the presen
Gebe Oldendorff Wraps Up Northern Sea Route Transit
MV Gebe Oldendorff, a bulker owned by Oldendorff Carriers, has completed its Northern Sea Route passage.
Important Milestone for Thyboron Port
The coastal authorities and Thyboron Port, Denmark, have signed the agreement regarding the transfer of dredging responsibility in Thyboron Channel. With this agreement Thyboron Port will take over the dredging responsibility as from the 1st of January 2020. So far, dredging of the channel has been
Proman Shipping, Stena Bulk Form Joint Venture
Proman Shipping, Stena Bulk create JV that would see the partners co-own two vessels, promote methanol as marine fuel.
Rystad: BP and Shell on opposite sides of M&A ranking in last 5 years
European supermajors BP and Shell occupy the top spots on opposite sides of Rystad Energy’s M&A ranking for the oil and gas sector during the last five-year period.
No Damage to Cargo Aboard ONE’s Ship after Collision in Greece
ONE Blue Jay has since the collision departed the Port of Perama and is deployed in MD2 service.
Nexans adds more time to ‘Polar King’ contract
GC Rieber Shipping has agreed with Nexans to extend the charter of CSV Polar King by four months.
BunkerTrace Pilot Successfully Completed
The first pilot of BunkerTrace, the system that combines synthetic DNA tracers and blockchain to manage risk for marine fuels by creating a transparent chain of custody, was successfully completed yesterday. The Boskalis-owned dredger, Prins der Nederlanden was bunkered with 900 cubic meters (CBM) o