Equinor’s Empire Wind 1 project in the United States has now secured a project financing package of over $3 billion, reaching a financial close at the end of December 2024.The expected total capital investments, including fees for the use of the South ...
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Crew Member Missing from Rio Tinto’s Bulk Carrier Heading to Australia
Mining company Rio Tinto has reported that a deck fitter on board its bulk carrier RTM Zheng He, travelling from China to Western Australia, went missing.A deck fitter, named Gel Aguaviva, was reported missing on December 26, 2024.Rio Tinto…
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BP’s Greater Tortue Ahmeyim Produces First Gas in West Africa
BP has started gas flow from Greater Tortue Ahmeyim (GTA) Phase 1 deepwater project, offshore Mauritania and Senegal.The gas from wells at the GTA Phase1 liquefied natural gas (LNG) project now flows to the floating production storage and offloading (F...
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End of Tumultuous Year for Ship Recyclers
As a year of economic turmoil winds down on a quiet note, the world anticipates a 2025 that is bearing all the signs of a comparatively busier period across all sectors, says cash buyer GMS.The supply of tonnage has seen a year of record low recycling ...
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Single Point of Failure Led to Grounding
The Australian Transport Safety Bureau (ATSB) has issued several safety recommendations after an electrical short circuit led to the grounding of a bulk carrier in the channel off Port Hedland, in Western Australia’s Pilbara region.On April 9…
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WSC Elects New Chair
The World Shipping Council (WSC) Board of Directors has elected Soren Toft, CEO of MSC Mediterranean Shipping Company, as the new Chair of the World Shipping Council Board.“It is an honor to step into the role of Chair for the World Shipping…
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Russia’s Domination of European Energy Ends
Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.The gas had kept flowing despite nearly three years of war,…
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