Nexans Marine Operations and the Norwegian shipbuilder Ulstein Verft have entered into a contract for the construction of a large DP3 cable-laying vessel, which will be an updated version of the Nexans Aurora vessel, delivered in 2021.The vessel…
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Shapoorji Pallonji Energy Unveils ‘Sterling Streamline’ FPSO Hull Design
Shapoorji Pallonji Energy Pvt Ltd (SPE), on Friday unveiled a new generation of its standardized newbuild Hull concept design for large FPSOs called Sterling Streamline."SP Energy, India’s sole specialist in designing, building, owning and operating…
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Petronas, MISC, MOL Looking to Create LCO2 Carrier Joint Venture
Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and…
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Britain’s Princess Anne to Open £420M Aberdeen Port Expansion Project
Britain's Princess Anne will on Friday officially open Port of Aberdeen’s £420 million South Harbor expansion project on Friday. The project is expected to catalyze a multi-billion-pound economic and job boost for Scotland.According to a press release ...
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First Big Grain Ship Leaves Ukraine’s Black Sea Port
The first big ship carrying grain from a Ukrainian Black Sea port has set sail since Moscow quit a deal in July to allow exports, a Ukrainian deputy prime minister said on Friday, part of Kyiv's campaign to break Russia's de facto blockade.The Aroyat "...
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Partners Agree Emission Reductions on Rotterdam-Singapore Corridor
The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam Authority and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third...
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Europe’s Ports See First Signs of Business Leakage
The European Sea Ports Organisation (ESPO) has reiterated its support for an emissions trading scheme (ETS) as instrument for greening the shipping sector, but expresses its serious concern about first signs of carbon and business leakage due to the li...
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Positive Volumes for Dry Bulk Trade, but Prospects Set to Dampen
The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market, according to Maritime Strategies International (MSI).COVID-related supply chain inefficiencies and associated…
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Portugal and Norway Team Up on Floating Offshore Wind
The Portuguese cluster Forum Oceano and Norwegian Offshore Wind have signed a Memorandum of Understanding (MoU) to strengthen collaboration between the supply chains in the two countries.The MoU aims to lay the ground work for new contracts…
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Japanese Yard Orders 16 HiMSEN Methanol Engines
HD Hyundai Heavy Industries - Engine & Machinery has announced that it recently signed a contract for 16 sets of HiMSEN methanol dual-fuel engines (8H32DF-LM) and selective catalytic reduction systems with Tsuneishi Shipbuilding in Japan.The…
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