More than 800 guests gathered on Monday 17 July 2023, in a custom-made tent at the MSC Gate Terminal in Bremerhaven to witness the naming ceremony of the latest edition to Mediterranean Shipping Company’s (MSC) fleet, MSC MICHEL CAPPELLINI, with the ship as the backdrop. Prior to the naming ceremony, MSC signed a Memorandum of …
The Havila case This case involved the sale and leaseback of four newbuilding vessels (the Vessels). HKO, a subsidiary of Havila Group based in Norway, entered into four shipbuilding contracts with a Turkish shipyard. Upon delivery, the Vessels would be sold by HKO respectively to four subsidiaries of Russian leasing company GTLK (the Lessors), and …
Analysis of cases involving sanctioned lessors in finance leases Read More »
Share this article An Ørsted-Phillips 66 partnership and ERM have withdrawn their Gigastack and Dolphyn projects, respectively, from the UK’s first electrolytic allocation round (HAR1). While ERM has made the move as it aims at securing alternative funding for a phased multi-unit larger development, Ørsted and Phillips 66 have now halted their Gigastack project. Both …
Poland’s GAZ-SYSTEM and ORLEN Group have signed an agreement for the provision of regasification services at the FSRU terminal in the Gulf of Gdańsk. Archive; Courtesy of GAZ-SYSTEM The agreement follows the open season procedure in which ORLEN submitted an order covering 100% of the regasification services offered by GAZ-SYSTEM. To note, the FSRU project …
ORLEN books 100% regasification capacity of Gdańsk FSRU terminal Read More »
The Norwegian Ministry of Petroleum and Energy has granted an exploration license for CO2 storage on the Norwegian continental shelf (NCS) in the North Sea to three companies. The exploration permit, located east of the Sleipner Øst field, has been allocated to Sval Energi, Storegga Norway and Neptune Energy Norway. Sval Energi will be the …
Three companies win CO2 storage license in Norway’s North Sea Read More »
Dutch shipping company Future Proof Shipping (FPS) has revealed that its vessel FPS Waal has sailed its last inland voyage on a diesel engine and the retrofit process to convert it to run on hydrogen will now begin. Future Proof Shipping (FPS) As informed, the containership arrived at Holland Shipyards Group shipyard in Werkendam this week, where its retrofit …
FPS Waal says goodbye to diesel, ready to embrace hydrogen as future fuel Read More »
The heatwaves scorching the globe this summer have brought home the dangers of raging climate change woes. This combined with the ongoing cost-of-living crisis and energy security concerns is forcing the world’s hand to rise to the occasion and tackle the challenges on the road to a more sustainable future. While no marching orders are …
In focus: Finding common ground to navigate energy minefield for carbon-free world Read More »
Protected industrial action (PIA) ballots have opened for workers at Chevron’s LNG facilities in Australia to decide if they want to strike over wages and working conditions disputes. Archive. Courtesy of Chevron Australia Last week, unions were given green light by Australia’s labor last week to conduct the PIA, giving employees the chance to secretly …
Workers at Chevron’s LNG facilities in Australia begin voting on strike action Read More »
The open ro-ro vessel Canopée, built by Dutch shipbuilding firm Neptune Marine, has been fitted with its four wing sails provided by French company AYRO. Image credit Gurit The ship is owned by the shipping company Alizés, a joint venture firm set up between Zéphyr & Borée and JIFMAR Offshore Services. The company won a …
Japanese shipping companies Nippon Yusen Kabushiki Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) were respectively fined by the Ontario Superior Court for their role in an international conspiracy that reduced competition for the shipment of vehicles to Canada. Illustration; Courtesy of NYK As informed, NYK and K Line both pleaded guilty to one count of …
NYK and K Line to pay $2mln for Canada vehicle shipping conspiracy Read More »
