“Imports still plunging, down 14% year on year” sounds alarming for the U.S. economy. But July’s percentage drop is an artifact of the COVID-driven import boom, a one-off event that ended in late 2022 that is no longer news. “Imports unchanged versus pre-pandemic levels” is a less dramatic headline with no double digits, ominous undertones …
July import volumes continue to mirror pre-COVID ‘normal’ Read More »
China’s customs administration has unexpectedly revised down the value of March exports by a wide margin, economists said, suggesting the country’s trade earlier this year may have been weaker than initially thought. The General Administration of Customs lowered the March exports figure by $10.55 billion, revising the month’s year-on-year growth to 11.4% from the prior …
China revised down March exports by unexpectedly large margin, economists say Read More »
Shanghai-based Wison Offshore & Marine has completed the final assembly of what it claims to be the world’s largest self-supporting prismatic shape IMO type B tank (SPB) for storing LNG. The company announced the milestone via social media on 11 August. As disclosed, the assembly was completed at Wison’s Nantong yard. The tank has a …
Wison Offshore & Marine boasts world’s largest SPB LNG tank Read More »
China Merchants Jingling Shipyard has kicked off construction of wind and methanol-powered 15,000 dwt hybrid tankers ordered by Swedish shipping company Terntank. As disclosed, the first steel cut of the three hybrid tankers took place at the Chinese shipyard on 10 June. Courtesy of Terntank Ordered in November 2022, the vessels belong to the Hybrid Solution …
Construction of Terntank’s wind/methanol-ready tankers begins in China Read More »
Italy’s engineering, drilling, and construction services giant Saipem is on a roll, as it lined up its second batch of contracts in two days and its third one since the start of this month. The latest set of deals was secured with two oil majors. These assignments, awarded by Eni and BP, come with a …
BP books Saipem for work in Gulf of Mexico while Eni hands out rig conversion deal Read More »
Dry bulk owner and operator Norvic Shipping welcomed into the fleet an energy-efficient Ultramax vessel Norvic Copenhagen from Imabari Shipyard during a recent handover ceremony in Japan. Image credit: Norvic Shipping The vessel was taken on charter from Japanese shipowner Fujimaru Kaiun earlier this year as the organization continues to expand its fleet to meet …
Norvic Shipping expands fleet with energy-efficient Ultramax newbuild Read More »
OX2 and Finland’s Ålandsbanken Fondbolag have completed underwater nature field surveys of two of its Noatun offshore wind projects near Åland in the Baltic Sea. Illustration; Tahkoluoto, Finland’s first commercial offshore wind farm. Source: Suomen Hyötytuuli Oy The project team said it has used innovative methods to explore the underwater environment where the Noatun Norra (Noatun …
With energy transition gaining more ground, offshore drilling players are getting increasingly embroidered in emission reduction quests and Noble Corporation is not different from its peers. The rig owner is taking this quest by the horns, as illustrated by a new milestone in the fleetwide rollout of Energy Efficiency Insights (EEI). This digital emission-monitoring solution is …
20 Noble rigs sport digital emission-monitoring solution Read More »
Scottish marine energy company QED Naval has established an operations base on the UK’s South Coast with the aim of pursuing tidal resources in the area. Source: QED Naval QED, as part of its EU Interreg Tiger Project, established an operations base at Langstone Harbour, near Portsmouth, to tap into what it says are huge …
QED Naval eyes tidal resources on UK South Coast with new base Read More »
The companies awarded by MEA get the opportunity to work closely together with a transnational team of Marine Energy experts on both the technical advancement of their technology, as well as the development of their commercial strategy and business plans. Each service offer is intended to put the company’s technology and business firmly on the …
In focus: New fuels to speed up shift to greener energy Read More »
