Great Eastern Shipping Company took delivery of a 2010 built Medium Range product tanker Jag Priya of about 49,999 dwt. The Company had contracted to buy the vessel in Q4 FY24. Including this vessel, the Company’s current fleet stands at 43 vessels, comprising 29 tankers (6 crude carriers, 19 product tankers, 4 LPG carriers) and …
Great Eastern Shipping Company expands fleet with acquisition of Jag Priya Read More »
The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), announced the commencement of shipbuilding of the first fully electric PXO tug (e-tug) and supply boat (e-supply boat) by PaxOcean Group. This marks a milestone in the collective industry effort to accelerate coastal decarbonisation, transition to a circular economy and strengthen marine supply chains. These …
Small and medium-sized companies could be increasingly pushed out of international trade by giant corporations if the rise of protectionist trade policies continues, according to Marc Levinson, a leading author, historian and economist who specialises in trade. He told the latest episode of The Freight Buyers’ Club podcast that the largest businesses have the economies …
Rise in protectionism will benefit forwarders and 3PLs as SMEs seek competitive support Read More »
ClassNK has awarded an approval in principle (AiP) for a methanol fuel supply system developed by Mitsui E&S Shipbuilding Co., Ltd. Methanol is considered one of the promising alternative fuels for decarbonization, and a significant reduction in GHG emissions on a lifecycle basis is expected by using green methanol such as sustainable biomass-derived bio methanol …
Norwegian shipbuilder and ship designer Ulstein Verft has held the keel laying ceremony for […] The post Ulstein lays keel for newly named Nexans cable laying vessel appeared first on Offshore Energy.
ExxonMobil has decided to move forward with the development of its sixth deepwater oil project on the Stabroek block off the coast of Guyana. The post ExxonMobil greenlights its $12.7 billion oil project offshore Guyana and firms up FPSO deal with SBM Offshore appeared first on Offshore Energy.
Construction has started on the first fully electric PXO tug (e-tug) and supply boat (e-boat) designed for Singapore’s waters, the Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), said. The post CSA: Construction begins on electric tug and supply boat in Singapore appeared first on Offshore Energy.
Newfoundland and Labrador has released World Energy GH2’s green hydrogen project from further environmental assessment. The post Canada’s province clears World Energy GH2’s green hydrogen project appeared first on Offshore Energy.
DNV and its partners in a joint industry project (JIP) that is working to […] The post Offshore wind industry calls for ‘bold action’ on offshore HVDC grids in US appeared first on Offshore Energy.
Subsea 7 has won a new assignment for a subsea tie-back of an oil and natural gas discovery to an existing platform in the Gulf of Mexico. The post Subsea7 picks up multimillion-dollar job in Gulf of Mexico appeared first on Offshore Energy.
