Traders are storing an estimated record 160 million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.Organization…
Italy's Saipem has reached an agreement with Norway's Equinor to develop technology to build floating solar power farms close to the coast, the energy contractor said.The agreement is between Saipem's high-value services unit Moss Maritime and the Norwegian energy firm…
Greece's Piraeus Port Authority (PPA) announced that the 'PIRAEUS I' floating dock is available again for ship repair works.'PIRAEUS I floating dock has been delivered for use and is operating again after scheduled maintenance works,' said an announcement from PPA…
AB Toftö, the owner of the old industrial harbor area of the town of Skärhamn located on the west coast of Sweden, has partnered with floating marina specialist company SF Marina build a high-quality, mixed-use marina at the picturesque location…
Norwegian shipbuilder Meyer Werft announced that Norwegian Cruise Line (NCL)'s newest cruise ship Norwegian Encore will most likely be leaving the covered building dock II on 17 August 2019.The ship has a rating of 169,145 GRT and measures 333…
Liquefied natural gas (LNG) technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments.FLNG…
Hoegh LNG, a provider of floating liquefied natural gas (LNG) services under long-term contracts, reported a profit after tax of $ 44.98 million for the quarter and year ended 31 December 2018, compared to $ 19.96 million in the same period in 2017…
The floating liquefied natural gas (LNG) company Höegh LNG Holdings announced that Håvard Furu is appointed as new Chief Financial Officer (CFO) of Höegh LNG AS effective 1 March 2019.The interim CFO, Steffen Føreid, will step down effective…
Damen Shiprepair Curaçao (DSCu) commissioned its floating D-dock on November 22, making both of its floating docks operational.'Following the mooring of D-dock to her moorings on Friday, November 16th, final tests were carried out and D-dock was submerged onto the equalised seabed…
Hamburger Hafen und Logistik AG (HHLA) loaded the biggest ship propeller in the world onto a vessel. The “HHLA IV” floating crane brought the gigantic 110-tonne object to the port of Waltershof, where it was hoisted onto the “Hyundai Supreme” container ship…
Norway's floating storage and regasification unit (FSRU) giant Höegh LNG said it has secured a USD 177 million debt financing for its FSRU delivery unit number 9. The FSRU is scheduled to be delivered in the fourth quarter of 2018. The facility…
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European…
RollDock and SAL Heavy Lift announced plans to join forces for roll-on/roll-off and float-in/float-out heavy lift cargoes, saying they will launch a “world’s first” pool for dock vessels from April 1, 2018. The pool will consist of the combined…
Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions…
Norway's Höegh LNG said on Wednesday that its floating storage and regasification unit (FSRU) Höegh Giant has started its time charter contract with Spanish LNG operator Gas Natural Fenosa. The initial term of the contract is three years…
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