November 13th, 20190Offshore engineering specialist TechnipFMC has entered into a memorandum of agreement to sell its 2011-built pipelay vessel as part of its overall strategy to optimise the profile and size of its subsea fleet. The MOA also includes a collaboration agreement with the buyer that would provide five years of exclusivity for a list of...
November 1st, 20190A joint venture featuring CMA CGM and DP World has been granted the contract to expand box facilities at the port of Le Havre in northern France. Générale de Manutention Portuaire (GMP), a joint venture held 50:50 by DP World and Terminal Link, a subsidiary of the CMA CGM Group, will build and operate the 1m teu container terminal...
October 30th, 20190French shipping giant CMA CGM has announced its decision to support the development of Wing, a French startup offering urban logistics services for e-commerce, by forming a financial, industrial and commercial partnership. Wing operates an online platform where e-commerce sellers can have couriers pick up orders and deposit goods in a...
October 30th, 20190France’s Bourbon and its local joint venture company Sonasurf have sign a three-year technological partnership for the deployment of smart shipping with Total in Angola. The smart shipping programme will utilise five latest-generation supply vessels from the Bourbon Explorer 500 series on blocks 17 and 32 off the Angolan coast....
October 23rd, 20190TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI) contract by Shell for the Perdido Phase 2 development, located in the Gulf of Mexico. The contract covers the delivery and installation of subsea equipment, including flexible flowlines, flexible jumpers, steel flying leads,...
October 22nd, 20191Following Maersk’s lead, France’s CMA CGM is now offering trade finance to customers. The Marseille-headquartered line debuted yesterday Shipfin Trade Finance, its new range of financing services dedicated to importing and exporting, in partnership with Incomlend, a global invoice finance platform. Customers can benefit from a set...
October 22nd, 20190Total and Chinese state-owned Zhejiang Energy Group have entered into an agreement to create a joint venture to tap into the growing low sulphur marine fuel market. The agreement follows an MOU signed by the two parties in April to explore opportunities in the supply and distribution of energy in China. Total China Investment will...
October 21st, 20190TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (EPCI) contract by Australia's Woodside for the development of the Pyxis and Xena fields, off North West Australia. TechnipFMC will design, manufacture and install subsea equipment including subsea production system, flexible flowlines...
October 16th, 20195Emmanuel Macron is doing more than just about any other major world politician to change the shipping industry. Having personally backed calls to mandate slow steaming, the French president’s government is now pushing for Europe to create bunker taxes. The French finance minister, Bruno Le Maire, discussed with reporters yesterday...
October 10th, 20190France is proving to be a leader in the adoption of wind propulsion for merchant shipping, with the latest innovation inspired by yachting’s premier race. Paris-headquartered naval architects VPLP Design have unveiled a new 121 m long roro vessel, which will transport components of the Ariane 6 rocket from Europe to French Guiana....
