McDermott ships second batch of MODEC FPSO modules to Singapore
Offshore engineering and services provider McDermott International has made the second shipment of topside modules for an FPSO unit for MODEC just weeks after the first shipment of modules sailed away...
View ArticleHavyard switches business focus from newbuilds to repair, cuts 100 jobs
Norwegian shipbuilder New Havyard Ship Technology has decided to restructure its operations into a repair and service yard and reduce the number of staff by around 100. As explained, the market for...
View ArticleMISC wins BV concept approvals for FSRU conversion
MISC Berhad, a Malaysia-based provider of energy-related maritime solutions and services, has received concept approval certificates from classification society Bureau Veritas for the floating storage...
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BPA: Freeports policy must include Scottish, Welsh and Northern Irish ports
Ahead of the anticipated launch of the Freeports bidding process this month, the British Ports Association (BPA) has written to ministers across the UK responsible for the deployment of Freeports,...
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NYK takes full control of Green Zeebrugge LNG bunkering vessel
Nippon Yusen Kaisha (NYK Line), said the Marine LNG Zeebrugge joint venture, set up to manage the Gas4Sea brand has been dissolved. Illustration courtesy of Port of Zeebrugge To remind, the joint...
View ArticleTen-year extension for FSO duo on Al-Shaheen field off Qatar
A joint venture between Euronav and International Seaways has been awarded 10-year contract extensions for the FSO Asia and the FSO Africa for operations on the Al-Shaheen oil field off Qatar. The...
View ArticleEuronav tries to escape challenging freight rates by bringing forward dry...
Belgium’s tanker shipping company Euronav has decided to bring forward dry dockings in order to counter the challenging freight rate market in the short term. As informed, a total of nine vessels are...
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GasLog launches Cheniere-chartered LNG newbuild
Greece-based LNG shipper GasLog reached a new milestone with its fleet expansion program. Courtesy of GasLog The company noted in a brief statement through its social media channels that the SN2311...
View ArticleBahri becomes official carrier of Saudi Arabia’s Presidency of State Security
Bahri, a national shipping carrier of Saudi Arabia, has signed a five-year framework agreement with Saudi Arabia’s Presidency of State Security (PSS), the country’s security body. Under the terms of...
View ArticlePort of Tyne sets up clean energy park
The Port of Tyne has launched a new green energy park which will be used as a strategic base for UK North East’s renewable energy sector. The Tyne Clean Energy Park will provide infrastructure...
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UN agencies support resumption of cruise ship operations
The International Maritime Organization (IMO) and the World Tourism Organization (UNWTO) have expressed their support for the safe resumption of cruise ship operations following the COVID-19 pandemic....
View ArticleNavig8, Doosan Fuel Cell to develop fuel cells for ships
South Korean fuel cell developer Doosan Fuel Cell has signed a Memorandum of Understanding with Singaporean shipper Navig8 to develop fuel cells for ships. The move comes as the shipping sector...
View ArticleTrillions of dollars risk being stranded without a global R&D fund to...
Trillions of dollars could be misallocated if member states of the International Maritime Organization (IMO) fail to back an industry proposal for a global $5 billion research and development fund in...
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Volume recovery, cost-cutting measures help Hapag-Lloyd deliver strong results
German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and...
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AIDAnova on track to get its methanol-operated fuel cell in 2021
AidaNova; Image courtesy: Carnival Corporation The methanol-operated fuel cell system set to be installed on a cruise ship operated by AIDA Cruises, a Carnival Corporation brand, has reached a new...
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Moody’s: Shipping to end 2020 better than expected
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the...
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Kongsberg sees growth in shuttle tanker business despite pandemic
During 2020, Norway-based marine technology company Kongsberg Maritime won contracts for twelve of its shuttle tanker concepts, with a value totalling over NOK 400 million ($43.7 million). Shipyards...
View ArticlePacific International Lines offered $600M lifeline as it fights to avoid...
Pacific International Lines (PIL) is seeking protection from the Singapore High Court from winding-up or enforcement orders as it tries to get its noteholders on board with a comprehensive...
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Capital Gas takes delivery of LNG newbuild
Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I. Courtesy of Capital Gas The vessel, capable of transporting 174,000 cubic...
View ArticleCargo ship catches fire off Greek coast, crew evacuated
A fire broke out on board a Togo-flagged general cargo vessel which was moored near Elafonissos, Greece, the Hellenic Coast Guard said. The fire started in the afternoon hours of 11 November. Its...
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