Oslo-listed SeaBird has recognised net loss of $3 million for Q4 2020, against net loss of close to $12 million in the same period in 2019. Full-year result was also negative, but improved compared to 2019 ($13 million loss vs. $23.3 million loss). The seismic player, which is targeting seabed minin
APM Terminals Elizabeth in New Jersey USA has started to use green power, from a supplier that offers renewables such as wind and solar which will help the terminal reduce CO2 emissions by around 45% in 2021. The terminal expects the move will result in slashing 7 kg CO2/TEU from the current 16 kg C
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has selected Corvus Energy to supply the energy storage system (ESS) for the world’s first zero-emission electric tanker.
Negative reactions to U.S. President Biden’s executive order to halt new oil and natural gas leasing on public lands and offshore waters are still coming in as the National Ocean Industries Association (NOIA) was next in line to give its view on the matter.
Chinese shipbuilder CSSC Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation, has launched the 15,000 TEU LNG-powered CMA CGM Patagonia, being built for the French container shipping major CMA CGM. The containership is the first of five LNG-powered sister vessels ordered by the c
Alfa Laval has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to work on the development of low- and zero-carbon technologies for the marine industry. As a strategic partner Alfa Laval will be part of the Center’s advisory board, providing strategic and technical guidance for futu
Swedish oil company Lundin Energy has announced it would be increasing its output in 2021 as well as accelerating its decarbonisation strategy.
Keppel Corporation has revealed that its struggling Keppel Offshore & Marine unit will exit the offshore rig building business.
Regional development agency Highlands and Islands Enterprise (HIE) has approved investment of up to £8.3 million in Scottish government funding for the development of East Quay at Port of Nigg to help meet the needs of growing renewable energy sector.
Technology company ABB has been selected to deliver an end-to-end electric power and propulsion solution for South Korea’s first domestic zero-emission ferry.
Singapore-based ship management company Eastern Pacific Shipping (EPS) has met its Environmental, Social & Governance (ESG) policy two years ahead of schedule, the company announced. EPS started disclosing a fleetwide CO2 emissions report last year, using the industry-accepted Annual Efficiency Rati
U.S. President Joe Biden has signed an executive order to halt new oil and gas leasing but which the Department of the Interior (DOI) claims will “help restore balance on public lands and waters”.
Subsea 7 and Aibel have secured contracts from Equinor for the Northern Lights project. Subsea 7’s scope includes engineering, fabrication and installation of a 100 kilometres CO2 pipeline that will run from Øygarden to the CO2 storage complex, as well as installation of umbilicals, tie-in and pre-c
Odfjell Drilling will retrofit its newest drilling rigs with the Siemens Energy BlueDrive DC-Grid system in a push towards zero-emission drilling.
