Outlook & Strategy
Provaris announces its investor relations advisor for Europe
Australian Provaris Energy has appointed Germany-based DGWA, the German Institute for Asset and Equity Allocation and Valuation (Deutsche Gesellschaft für Wertpapieranalyse GmbH) as its investor relations advisor in Europe. Provaris said the appointment seeks to develop and maximize the value of the
Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition
Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t
Danaos boosts its methanol-ready orderbook to 10 boxships
Greek containership owner Danaos Corporation has ordered the construction of two methanol-ready 8,258 TEU containerships set for delivery in 2026. The company said the order was placed in June but did not disclose the name of the shipyard that secured the deal. The latest order brings Danaos’ newbui
DUH takes legal action against LNG terminal in Lubmin
The German Environmental Aid (Deutsche Umwelthilfe – DUH) has filed a lawsuit against the operation of the LNG terminal ship Neptune in Lubmin on the Baltic Sea as it considers it illegal. With the lawsuit at the Federal Administrative Court, the DUH is demanding that Deutsche ReGas revoke the licen
Green light for Aker Solutions, Subsea 7 and SLB joint venture
Aker Solutions, Subsea 7 and SLB have obtained all required regulatory approvals from competition authorities for the establishment of a subsea joint venture (JV). “We are now a big step closer to day 1 for the coming world-class subsea company Aker Solutions are establishing together with SLB and S
July orders propel methanol past 200 ships mark
According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed
Market normalization hits Maersk’earnings as demand woes and phasing in massive orderbook challenges loom
As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit
French telecom giant takes delivery of offshore wind cable laying vessel
French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on
Crown LNG Holdings to go public via merger deal
Crown LNG Holdings, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, and Catcha Investment, a publicly traded special purpose acquisition company, have announced a definitive agreement for a business combination that is set to result in Crown becom
Norwegian company sets sights on Southeast Asia’s wave energy potential
Norwegian wave energy company Havkraft has joined forces with Singapore-based Neuto to spearhead green transition in Southeast Asia through the development of ocean energy projects using the Havkraft N-class wave power plant.
Gibraltar bunker spill highlights the urgency to break free from fossil fuels. But how safe are the alternatives?
Operations at the Port of Gibraltar have ground to a halt following a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred during a ship-to-ship refueling operation involving the Panama-flagged LPG tanker Gas Venus, at approximately 8:22 a.m. on Tuesday morning. As info
UK subsea inspection specialist in deals with companies from Nigeria and Singapore
UK-based TSC Subsea and Nigerian SubseaRobotix have established a strategic partnership to deliver subsea engineering and structural integrity solutions in the Nigerian market. According to TSC Subsea, both companies share similar core values and will together provide inspection data for subsea asse
SEA-LNG coalition welcomes MSC as its latest member
MSC Mediterranean Shipping Company has joined SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG pathway as a route to shipping’s decarbonization. In recent years, MSC has made investments in LNG-fuelled vessels in the different sectors it operates. In 20
12-meter USV destined for Fugro hits the water (Video)
SEA-KIT International’s uncrewed surface vessel (USV) destined for Fugro has completed sea and endurance trials and will soon leave for the Dutch company’s UK office. SEA-KIT reported on 3 August that its latest X-Class USV for Fugro had undergone comprehensive sea and endurance trials and is soon s