Subsea7 awarded contract in the US Gulf of Mexico
Subsea 7 announced the award of a substantial contract for a subsea tieback development in the US Gulf of Mexico. Subsea7 defines a substantial contract as being between $150 million and $300 million....
View ArticleSeaway7 signs vessel reservation agreement for Dogger Bank Wind Farm
Seaway7 signed a vessel reservation agreement with Dogger Bank Offshore Wind Farm1 for the transportation and installation of turbines for the Dogger Bank project, offshore the UK. Offshore works are...
View ArticleQatarEnergy awards time charter party agreements for 6 ultra-modern QC-Max...
QatarEnergy has selected the joint venture of Japan’s Mitsui O.S.K Lines and China’s COSCO Shipping LNG Investment to own and operate 6 QC-Max size LNG vessels. The 6 vessels will be built in China by...
View ArticleKawasaki Heavy suspends plan to use hydrogen from Aussie coal
Kawasaki Heavy Industries opens new tab has revised its Japan-Australia hydrogen supply chain demonstration project, suspending plans to use hydrogen derived from Australian brown coal and shrinking...
View ArticleWallenius Wilhelmsen signs two multi-year contracts
Wallenius Wilhelmsen signs two multi-year shipping contracts with large auto OEMs, both including biofuel. “The contracts are a great testament to our customers’ commitment to ensuring more...
View ArticleBaltic index falls as all vessel segments post declines
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped to a more-than-16-month low on Thursday, hurt by falling rates across all vessel...
View ArticleIron ore pares losses ahead of key Beijing economic meeting
Iron ore futures prices rebounded from the previous session’s losses on Thursday, as investors awaited clues on policy easing from a key economic meeting in top consumer China. The most-traded January...
View ArticlePetrobras signs $2.8 billion deal for 12 new vessels to supply offshore...
Brazil’s state-run oil company Petrobras (PETR4.SA), opens new tab said on Thursday it has signed a 16.5 billion real ($2.8 billion) deal to build and charter 12 new support vessels to supply its...
View ArticleWärtsilä continues to strengthen position in LNG bunkering segment with...
Wärtsilä Gas Solutions, part of technology group Wärtsilä, continues to strengthen its market-leading position in small-scale LNG applications with its latest contract. A new 12,500 cbm LNG bunkering...
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SLB OneSubsea awarded subsea boosting contract by Petrobras for the Búzios...
Global energy technology company SLB announced a contract award by Petrobras, following a competitive tender, to its OneSubsea joint venture for two subsea raw seawater injection (RWI) systems to...
View ArticleDHT Holdings announces sale of the DHT Scandinavia
DHT Holdings has entered into agreement to sell the DHT Scandinavia, a 2006 built VLCC, for $43.4 million. The Company expects to deliver the vessel to its new owner in January 2025. The vessel has no...
View ArticleCelestyal launches new ‘guest-focused’ website
Celestyal has unveiled a new-look website in line with this year’s refreshed brand identity, as part of its plans to boost its digital presence. The new platform introduces several key features...
View ArticleIgneo Infrastructure Partners to acquire the ownership interest in Höegh Evi
Höegh Evi announced that funds managed by Igneo Infrastructure Partners have entered into agreements to acquire a 50% ownership stake in Larus Holding Limited, the 100% owner of Höegh Evi, from funds...
View ArticleTrafigura publishes 2024 annual results
Trafigura, a market leader in the global commodities industry, released results for its financial year ending 30 September 2024. Performance Net profit for the period of USD2,759 million reflected...
View ArticleRongsheng Heavy Industries restarts business
The once bankrupt Chinese shipbuilder Rongsheng Heavy Industries has restarted business under the new name of Jiangsu New Rongsheng Heavy Industry. Rongsheng was previously the largest private...
View ArticleFSL Trust agrees to sell one product tanker
The Board of Directors of FSL Trust Management, as trustee-manager of First Ship Lease Trust, announces that FSL-1, Inc., a wholly-owned subsidiary of the Trust, has entered into a memorandum of...
View ArticleCMA CGM-led consortium secures terminal concession at France’s Port of Lyon
French utilities provider Compagnie Nationale du Rhône has a awarded a consortium led by shipping company the CMA CGM Group a 30-year concession to operate two container terminals at the Port of Lyon....
View ArticleRussian tanker splits in storm, spilling oil into Kerch Strait
Russian oil tanker carrying thousands of tonnes of oil products split apart during a heavy storm on Sunday, spilling oil into the Kerch Strait, while another tanker was also in distress after...
View Article2025 outlook positive for Wallenius Wilhelmsen
Wallenius Wilhelmsen has updated its outlook, predicting further growth in 2024 and 2025. Specifically, the company said: As communicated during our Q3 results presentation, we are providing an update...
View ArticleBaltic index rises on gains in capesize vessel segment
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday, supported by strong gains in the capesize vessel segment. The index, which...
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