Alternative fuels, green steel and renewable energy are fundamental to greenhouse gas (GHG) emissions reduction during the life cycle of a vessel, an industry-first cradle-to-grave study on a newbuild LNG carrier has revealed.Carried out by Lloyd’s Register…
British oil major Shell suspended all shipments through the Red Sea indefinitely after U.S. and U.K. strikes on Yemen's Houthi rebels triggered fears of further escalation, the Wall Street Journal reported, on Tuesday, citing people familiar with the decision…
Four tankers used for shipments of Qatari liquefied natural gas (LNG) have resumed course after pausing for several days amid maritime attacks by Yemen's Iran-aligned Houthis in the Red Sea, LSEG shiptracking data showed on Tuesday.The Houthi attacks…
Germany’s United Heavy Transport (UHT) and Korea’s Dongbang Transport Logistics have joined forces in a new strategic alliance combining their expertise in heavy lift vessels and transport.UHT and Dongbang Transport Logistics signed a memorandum of understanding (MOU)…
QatarEnergy, the world's second largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues, a senior source with direct knowledge of the matter told Reuters on Monday.Yemen's Iran-backed…
DNV has released the 7th edition of its Energy Transition Outlook highlighting that global energy-related emissions are still climbing and are only likely to peak in 2024. “The pace of the transition is far from fast enough for a net-zero energy system by 2050…
Equinor, Shell, TotalEnergies, Gassco and DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry out the technology qualification…
A Fugro-led consortium has secured a grant from Dutch Government’s Netherlands Enterprise Agency for the development of methanol as a low-carbon shipping fuel.The MENENS (Methanol as Energy Step Towards Emission-free Dutch Shipping) consortium has 22 partners…
DOF Subsea's newbuild light intervention vessel the Skandi Vinland has started a 10-year contract with Husky Energy of the east coast of Canada. Under the contract, the DOF Subsea team based in St. John's will supply inspection, maintenance and repair (IMR) services over 10 years…
Singaporian vessel operator Vallianz has ended operations at its Singapore shipyard, due to the industry slowdown and discontinuation of business with a key customer, the firm has said. The move was part of an ongoing strategic review…
UK firm Automated Ships and Norway’s Kongsberg Maritime have signed a memorandum of understanding to build the world’s first unmanned and fully-automated vessel for offshore operations. In January 2017, Automated Ships will contract the Hrönn…
Norwegian ship designer Havyard has won a contract for the design of a new multipurpose vessel to work for Hess under contract with Esvagt. Havyard will also deliver ship equipment system packages with a total value of more than NOK 100 million…
GC Rieber Shipping has secured a cable lay charter with marine solutions and specialist engineering service provider James Fisher Marine Services for the SURF vessel Polar Onyx for services in the UK North Sea. The charter commences prompt and with options may last in excess of one month…
Lloyd’s Register has issued its latest Guidance Notes at the Offshore Technology Conference (OTC) in Houston. The Guidance Notes for Collision Analysis assist owners, operators, and designers of offshore units in America and Canada with identifying potential collision scenarios…
International accountant and shipping adviser Moore Stephens says companies in the offshore maritime sector could be among those hit by a 25% Diverted Profits Tax (DPT) charge under draft UK legislation scheduled to enter force in April 2015…
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