The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the first quarter ended 31st March 2023. The comparative figures for the …
Crude oil exports in March were estimated at 4.1 MMb/d — the highest monthly volume from the U.S. Gulf Coast. A record number of Very Large Crude Carriers (VLCCs), 46, hauled these cargoes and departed the Gulf Coast with U.S. oil during the month, up one from the previous record set in December 2022. As …
Record Number Of VLCCs Depart With U.S. Crude In March Read More »
Watson Farley & Williams (“WFW”) advised Nai Int. Ltd. (“NAI”) on the purchase of eight vessels from Vassholmen Shipping Ltd. (“Vassholmen”) – the “Valcadore”, “Valgardena”, “Valle Azzurra”, “Valle Bianca”, “Valrossa”, “Valsesia”, “Valtellina” and “Valverde”. The vessels were acquired by NAI as a result of the exercise of the call options provided under the relevant sale …
WFW advises NAI on purchase of eight vessels from Vassholmen Read More »
Euronext Paris-listed market research company Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations, as part of a larger study on public views on energy, to find out which countries are preferred suppliers of imported oil. While Canada got the highest ranking as a preferred …
The Singapore Maritime Foundation announced the champion teams of the MaritimeONE Case Summit (MCS) 2023 during the Grand Finals and Awards Ceremony on 5 April 2023, which was graced by Senior Minister of State for Finance and Transport Mr. Chee Hong Tat. Sponsor companies CMA CGM, Rio Tinto, Swire Bulk and Swire Shipping provided challenge …
KazMunayGas, Kazakhstan’s national oil company, and Abu Dhabi Ports Group plan to procure a tanker fleet with deadweight from 8,000 to 12,000 tons. This issue was discussed between Magzum Mirzagaliyev, the CEO of KazMunayGas, and Mohamed Juma al-Shamisi, the CEO of the Abu Dhabi Ports Group. The tankers will be procured by the Caspian Integrated …
Kazakhstan, Abu Dhabi Ports Group to procure tanker fleet Read More »
The two French companies, with complementary expertise, have entered into a partnership covering 25 countries to accelerate the deployment of the Scarabox® on the African continent. This agreement will take the form of a joint venture (Parlym 80%/Ecoslops 20%) which purpose be to invest with a majority stake in the local projects co-developed and financed …
Norwegian chemical tanker company Stolt Tankers, a subsidiary of Stolt-Nielsen, has signed a two-year agreement with Canada-based Graphite Innovations & Technology (GIT). Image credit: Stolt Tankers Under the deal Stol Tankers will apply GIT’s XGIT-PROP graphene-based marine coating to the propellers of 25 ships during 2023. GIT’s XGIT-PROP is a graphene-based propeller coating that is …
Stolt Tankers to apply graphene-based propeller coatings to 25 ships Read More »
Acteon Geo-services brands, TerraSond and Benthic, have been awarded a combined geophysical and geotechnical survey by the BlueFloat Energy and Renantis partnership for its Bellrock and Broadshore offshore wind farms, located northeast of Aberdeen, Scotland. Acteon The geophysical scope will involve using the Ocean Fortune, a survey vessel designed specifically for year-round North Sea operations, …
BlueFloat, Renantis award surveys contract for floating wind sites offshore Scotland Read More »
In a significant step towards sustainable and decarbonized shipping, China has launched its first-ever hydrogen fuel cell-powered boat. Image credit CCS The vessel named ‘Three Gorges Hydrogen Boat No. 1’ was launched on March 17, in Guangdong, China. The vessel was built by Jianglong Shipbuilding Co. Ltd. for Yangtze Power Co. and the boat sets …
China’s first hydrogen fuel cell-powered boat hits the water Read More »
