10000 results found for 'Culzean'

10000 results found for 'Culzean'
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  • NACKS wins LR approval for methanol-fueled Kamsarmax design

    13 December 2023
    Business Developments & Projects, Certification & Classification, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Transition, Vessels

    Lloyd’s Register (LR) has awarded Approval in Principle to Nantong COSCO KHI Ship Engineering Co Ltd (NACKS) for an 81,000 DWT Kamsarmax bulk carrier.   The design, which was unveiled with the announcement of a joint development project earlier this year, features methanol propulsion and rotor sail capability, allowing the vessel to excel in energy […]

  • Update: Total selling non-core UK North Sea fields for $635 million

    10 July 2019
    Business & Finance

    French oil major Total has agreed to sell $635 million worth of  UK North Sea assets to Petrogas NEO UK.

  • Maersk Drilling and Maersk Supply set up decommissioning JV

    12 April 2018
    Business & Finance, Exploration & Production

    Danish offshore driller Maersk Drilling and vessel provider Maersk Supply Service have established a joint venture company focused on decommissioning market. 

  • North Sea workers vote for all-out strike in push against job & pay cuts

    16 November 2021
    Business & Finance, Human Capital, Operations & Maintenance, Outlook & Strategy

    Following a dispute over cuts, Unite has revealed plans to take industrial action, after workers cast their votes to undertake strike action.

  • Maersk Oil, Drilling get new CEOs

    22 September 2016
    Exploration & Production

    Following Maersk’s confirmation on Thursday that the company would separate the Group’s businesses into Transport & Logistics and Energy divisions, several management changes have been announced as well. Maersk Oil, Maersk Drilling, APM Terminals, Maersk Supply Service and Maersk Tankers will have new bosses. Maersk Oil, the company’s oil exploration and production business, will see […]

  • Performance Shipping inks construction deal for LNG-ready LR2 Aframax duo

    21 December 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April of 2026, at a purchase price of $64,845,000 per vessel. The vessels will […]

  • Maersk Tankers reveals mega order for up to 10 very large ammonia carriers

    4 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    Tanker operator Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order has been placed by an affiliated company of Maersk Tankers, validating previous media reports. As disclosed, Japanese company Mitsui & Co. will join as a co-investor in the […]

  • Liquid Wind sets plan in motion for its first eMethanol plant in Finland

    12 December 2023
    Business Developments & Projects, Green Marine, Infrastructure, Project & Tenders

    Swedish electrofuel developer Liquid Wind has formed a partnership with Finnish companies Kanteleen Voima and Piipsan Tuulivoima to prepare a feasibility study for setting up its first facility for producing eMethanol in Haapavesi, Finland. On 12 December, the parties announced the signing of a letter of intent, indicating the starting point of a close cooperation to […]

  • Hyundai Mipo delivers Grimaldi’s 3rd G5-class multipurpose RoRo

    21 December 2023
    Business Developments & Projects, Green Marine, Vessels

    The Neapolitan shipping group Grimaldi has taken delivery of the third ro-ro multipurpose unit belonging to its “G5” class of vessels named the Great Tema. The RoRo was built at the Hyundai Mipo Dockyard Co. Ltd shipyard in Ulsan, South Korea, and it is intended for maritime transport services between Northern Europe and West Africa. The G5-class […]

  • Total buying Maersk Oil in $7.45 billion deal

    21 August 2017

    French oil giant Total is set to acquire its Danish rival Maersk Oil and Gas for $7.45 billion dollars. Danish Maritime giant Maersk A/S informed on Monday it had entered into an agreement to sell its subsidiary Mærsk Olie og Gas A/S to Total S.A. for $7.45bn in a combined share and debt transaction. This […]

  • South Korea to launch clean hydrogen certification system

    15 November 2023
    Authorities & Government, Certification & Classification, Outlook & Strategy, Regulation & Policy, Rules & Regulation

    South Korean Ministry of Trade, Industry and Energy (MOTIE) has announced that the proposal for an amendment to the ‘Hydrogen Economy Promotion and Hydrogen Safety Management Act’ has passed the 47th Cabinet meeting’s deliberation and resolution process, enabling the government to move forward with the establishment of a clean hydrogen certification system. The approval follows […]

  • Prysmian to add two more vessels to its CLV fleet

    21 December 2023
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    Italy-based Prysmian Group is investing approximately €350 million for two new cable-laying vessels (CLVs) that it says will reinforce its submarine project execution capabilities. “The market is tremendously growing, and we are facing an increasing demand for submarine cable systems for interconnections and offshore wind farm projects both in Europe and in the US,” said Hakan […]

  • Canada embarks on Green Shipping Corridor Program to help cut shipping pollution

    4 December 2023
    Authorities & Government, Business Developments & Projects, Environment, Infrastructure, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Transition, Vessels, Vision

    The Canadian government is launching a new program that will establish green shipping corridors and help decarbonize the marine sector in major shipping areas along the Great Lakes, the St. Lawrence Seaway, and Canada’s east and west coasts.

  • Denmark: Maersk Group 1st Quarter 2010 Report

    19 May 2010
    Business & Finance

    Maersk Drilling, Maersk FPSOs and Maersk lng Demand for drilling rigs grew throughout the first quarter.Despite rising demand, the market for jack-up rigs remained negatively affected by the addition of new rigs, while the market for deepwater semi-submersibles was good. Three of the Group’s drilling rigs were unemployed in thefirst quarter of 2010. Maersk Drilling […]

  • Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

    5 January 2024
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates a measured 3% year-on-year increase, […]

  • Maersk’s security team fires back on Houthi in Red Sea, thwarts boarding, prompting another operational pause

    31 December 2023
    Business Developments & Projects, Green Marine, Regulation & Policy, Safety, Vessels

    Just days after announcing its gradual return to the Red Sea, global cargo shipping giant Maersk finds itself at the center of escalating tensions as its vessel, the Maersk Hangzhou, becomes the target of a missile and small boat swarm by Yemen’s Houthi Group. The assault occurred approximately 55 nautical miles southwest of Al Hodeidah, […]

  • Louis Dreyfus Company to install 4 eSAILs® on its chartered juice vessel 

    19 December 2023
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    French agricultural merchant firm Louis Dreyfus Company (LDC) has entered into a deal with the Spanish developer of wind-assisted bound4blue to fit wind sail technology on a chartered juice vessel MV Atlantic Orchard. Chartered by LDC and owned by Wisby Tankers, MV Atlantic Orchard will be retrofitted with four 26-meter-high eSAILs®. The installation of the […]

  • Masdar-AD Ports collab seeks to develop green hydrogen hub in KEZAD

    12 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Research & Development

    UAE-based port operator AD Ports Group and compatriot clean energy company Masdar have signed a memorandum of understanding (MoU) to jointly explore the development of a green hydrogen production hub within the Khalifa Economic Zones Abu Dhabi (KEZAD). The MoU, signed on the sidelines of the UN Climate Change Conference COP28 in Dubai, covers the hydrogen […]

  • Höegh Autoliners and Sumitomo Corporation forge alliance on ammonia bunkering in Singapore and Jacksonville ports

    5 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    Japanese conglomerate Sumitomo Corporation and Norwegian RoRo shipping company  Höegh Autoliners have joined forces to explore the adoption of clean ammonia as a bunker fuel for Ro-Ro cargo vessels. The agreement targets ports in Singapore and Jacksonville, USA, with plans set to kick in from 2027. The duo signed a Letter of Intent to collaborate […]

  • US politicians introduce Renewable Fuel for Ocean-Going Vessels Act

    11 December 2023
    Authorities & Government, Environment, Rules & Regulation

    U.S. Representatives Mariannette Miller-Meeks (IA-01) and John Garamendi (CA-08) introduced the Renewable Fuel for Ocean-Going Vessels Act, legislation that would allow companies to preserve RIN credits under the Renewable Fuel Standard (RFS) for renewable fuel used for ocean-going vessels.

  • Petronas and PetroVietnam pursuing oil & gas alongside decarbonization and clean energy

    15 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Project & Tenders, Transition

    Petronas will pool resources with PetroVietnam to explore opportunities in the upstream, renewables, and downstream sectors in Vietnam.

  • Maersk Oil makes ‘unsettling’ changes

    29 September 2016

    Danish oil firm Maersk Oil on Thursday outlined plans to review the scope and scale of its headquarters organization over the next three months. The to-be CEO Gretchen Watkins said the changes could be unsettling for the employees. The move is a response to the recent outcome of the Maersk Group’s strategic business review and […]

  • Yale-based start-up converts captured CO2 into methanol

    15 December 2023
    Business Developments & Projects, Outlook & Strategy, Research & Development, Technology, Transition

    Yale-based start-up Oxylus Energy has converted captured carbon dioxide (CO2) into methanol using an electrolyzer at room temperature and pressure at a production-level scale. On December 13, Oxylus Energy said it had passed the key benchmark test for the deployment and commercialization of its proprietary catalyst and electrolyzer technology in a 5 cm2 cell. According […]

  • New clean hydrogen partnership to promote electrolyzers

    8 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Infrastructure, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    U.S. Plug Power, South Korean SK E&S and K-water as well as SK Plug Hyverse, a joint venture between SK E&S and Plug Power, have signed a memorandum of understanding (MoU) to “promote the growth of green hydrogen and rejuvenate the industry.” Specifically, the companies will collaborate on advancing the green hydrogen sector both domestically […]

  • ABL marks tidal power exclusion zone offshore France

    13 December 2023
    Business Developments & Projects, Outlook & Strategy, Project & Tenders, Regulation & Policy

    ABL France has completed a marine technical study for French tidal energy developers Normandie Hydroliennes (NH) and HydroQuest to support safe development of tidal turbine pilot projects located off Normandy, France.