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Operations
Maersk sells down in Höegh Autoliners
A.P. Moller – Maersk has further reduced its stake in Norwegian car carrier player Höegh Autoliners by selling shares for…
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Shipyards
Rosetti Marino scores $161m in new contracts
Italian fabricator and shipyard Rosetti Marino has won two new contracts worth a total of more than €150m ($161m). The…
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Gas
Exmar LPG seals deal for gas carrier quartet
Exmar LPG, a joint venture between Belgium’s Exmar and Seapeak, formerly Teekay LNG Partners, has struck a deal for a…
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Dry Cargo
Procopiou signs for more bulk carriers in China
Greek owner George Procopiou has added four more newbuilds to his growing orderbook in China. Procopiou’s dry bulk unit, Sea…
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Finance and Insurance
McDermott seals debt restructuring deal
Houston-based offshore contractor McDermott has reached an agreement with its creditors and stakeholders on a restructuring plan that will push…
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Renewables
Shell and Eneco JV selects Van Oord for Dutch wind farm work
Ecowende, a joint venture of Shell and Eneco, has selected Van Oord for the construction of an offshore wind farm…
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Dry Cargo
Turkey’s Feyz Group returns to Damen for two more ships
Istanbul-based Feyz Group has returned to Dutch shipbuilder Damen for two more combination carriers. The deal comes hot on the…
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Containers
Maersk taps Equinor to supply fuel for its landmark green methanol-powered feeder boxship
Danish liner giant Maersk has struck a deal with Norwegian energy major Equinor for the supply of green methanol for…
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Dry Cargo
Winning orders first VLOCs as Guinea bauxite trades leap
Singapore-based Chinese capesize specialist Winning International Group has placed an order at CSSC yard Qingdao Beihai Shipbuilding for the construction…
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Tankers
Sirius Shipping orders methanol-ready tankers
Swedish tanker owner Sirius Shipping has placed an order for up to four methanol-ready oil and chemical carriers in China.…
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Offshore
Saipem lands new contracts worth $910m
Saipem has clinched two new offshore contracts in Ivory Coast and Italy worth a total of around €850m ($910m). The…
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Offshore
KCA Deutag wins $60m contract extension in Angola
Drilling and engineering contractor KCA Deutag has secured more work on two offshore platforms in Angola. A one-year contract extension,…
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Renewables
Prysmian bags $674m Adriatic Link contract
Italian cabling giant Prysmian has secured a contract worth around €630m ($674.3m) from compatriot transmission system operator Terna for the…
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Tankers
Tsakos Energy Navigation reveals MR newbuild orders
Tsakos Energy Navigation (TEN) has lifted its newbuilding orderbook to 10 ships. The Greek tanker and LNG carrier owner revealed…
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Renewables
Octopus Energy joins Knutsen’s wind venture as investor
Norway-based developer Deep Wind Offshore has brought in Britain’s Octopus Energy as a new investor as it looks to speed…
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Gas
Samsung Heavy supersizes ammonia carrier designs with 200,000 cu m vessel
South Korean shipbuilder Samsung Heavy Industries (SHI) has developed a 200,000 cu m ammonia carrier. The new design, unveiled at…
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Tankers
Empire Navigation pleads guilty to shipping Iranian oil
Greece’s Empire Navigation has admitted to violating US sanctions by shipping a cargo of Iranian crude oil aboard the suezmax…
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Regulatory
Maersk and TotalEnergies lose $187m Danish Supreme Court tax case
A.P. Moller – Maersk and TotalEnergies were dealt a blow by the Danish Supreme Court this week in a long-running…
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Gas
Bumi Armada develops carbon storage and injection floater concept
Malaysian floater and vessel contractor Bumi Armada has developed a design for a floating carbon storage and injection unit (FCSIU).…
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Ports and Logistics
Port of Nigg clinches another Moray West deal
Port of Nigg in the Cromarty Firth, Scotland, owned and operated by Global Energy Group (GEG), has been selected by…
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