Sovcomflot, a Russian maritime shipping company specializing in petroleum and LNG shipping, and VEB.RF Group announced the signing of agreements whereby VEB Leasing will finance the construction of three new LNG-fuelled MR tankers.Sovcomflot…
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Global Energy Group Wins Nigg Gig
Global Energy Group (GEG) has won an offshore wind contract worth up to GBP12 million.GEG's Port of Nigg facility, on the Cromarty Firth in the Highlands, will handle the jacket foundation structures for the Moray East offshore wind farm."Global’s…
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Offshore Wind Energy Market to Reach $69.63bn
Global offshore wind energy market to reach USD 69.63 billion by 2025, said a study.Global offshore wind energy market valued approximately USD 18.48 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15.88% over the forecast...
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Partnership for Vietnam LNG-to-Power Project
Russia’s largest private gas producer Novatek will work alongside French multinational integrated oil and gas company Total, state-controlled compatriot oil company Zarubezhneft and Germany's Siemens on Vietnamese LNG-to-power project.The partners…
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Novatek Pact with Chinese Duo on Arctic LNG 2
Russia's second largest natural gas producer, Novatek has signed share purchase agreements with two Chinese oil giants for the sale of participation interest in the Arctic LNG 2 project.Novatek announced that it has signed the Share Purchase…
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APM Terminals Boosts Tractor Fleet in Algeciras
APM Terminals Algeciras, the largest container terminal in the Mediterranean, is renewing and increasing its fleet of terminal tractors.The company has started introducing the new Terberg YT222 model, which features improved ergonomics, comfort…
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India Woes Sri Lanka, Maldives to Checkmate Dragon
The re-elected Indian prime minister Narendra Modi's first foreign travel was to the neighbouring Maldives and Sri Lanka as part of his "neighborhood-first policy."China is also trying to exert its influence, especially in maritime sector, in both Sri ...
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Europe Invests in African Renewable Energy
The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL has joined European signatories including ABB, EDP Renewables, Enel Green Power, Ge Renewable Energy, Pöyry, Prysmian…
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MOL, Makarov University Pact on Northern Sea Route
Mitsui O.S.K. Lines (MOL) signed a Memorandum of Understanding (MOU) with the Admiral Makarov State University of Maritime and Inland Shipping during a meeting held in St.Petersburg, the Russian Federation.The MOU reconfirms and further develops…
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SHI Wins Order for 2 LNG Carriers
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of two liquefied natural gas (LNG) carriers.The shipbuilder said in a stock exchange annoucement that it had secured a deal worth KRW 450bn ($381m)…
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