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India: MCA approves demerger of core and non-core assets of Shipping Corp

The Ministry of Corporate Affairs (MCA) on Thursday issued an official order approving the proposed demerger of the core and non-core assets of Shipping Corporation of India (SCI). “The corporate affairs ministry sanctioned the scheme of arrangement for demerger of non-core assets (demerged undertaking) of SCI into Shipping Corporation of India Land and Assets (SCILAL) …

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Fugro expands geotechnical fleet with purchase of two vessels

Fugro has reached agreement to acquire two platform supply vessels, Topaz Endurance and Topaz Energy, both built in 2015, which will be repurposed to geotechnical vessels. The offshore renewable energy market continues to grow rapidly, leading to high demand for Fugro’s services and strong backlog growth. For Fugro’s market leading position, geotechnical vessels are key …

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First ship leasing entity gets nod to begin operations from GIFT City

RSCPL (IFSC) Private Ltd, a wholly owned subsidiary of RBB Ship Chartering Pte Ltd, Singapore, has received provisional licence to operate from India’s first International Financial Services Centre in Gujarat International Finance Tec-City (GIFT City), the company said on Wednesday. RSCPL (IFSC) Pvt Ltd said it has received the maiden provisional licence for ship leasing …

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Ministry of Energy and Infrastructure collaborates with Marihub to develop maritime digital platforms

The Ministry of Energy and Infrastructure has launched a strategic partnership with Marihub, a leading e-commerce service provider for commercial ships and maritime companies, to develop value-added services for the maritime sector and the UAE’s ports. The move, which coincides with the ‘UAE Innovates’ initiative, is part of the Ministry’s endeavour to enhance the competitiveness …

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Dominion Energy awards CVOW cable monitoring contract

Luna Innovations (Luna) has been awarded a contract to provide monitoring services for the largest offshore wind project in the United States, Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project. Dominion Energy Luna’s EN.SURE long-range power cable sensing system will be used to monitor the wind farms’ export cable system, which will transport electricity to …

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Avenir LNG in Germany’s first LNG ship-to-truck unloading operation

UK-based small-scale LNG company Avenir LNG has conducted Germany’s first direct LNG unloading operation from a transport vessel into trucks. Courtesy of Avenir LNG The operation took place on 22-23 February in the Port of Mukran where the small-scale LNG transport vessel Avenir Ascension unloaded LNG directly into transport trucks provided by global energy trader Vitol. …

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Saipem turns to biofuels for its drilling and construction fleet

In a bid to curb emissions, Italy’s oilfield services provider, Saipem, is pooling resources with Eni to add renewable fuels to its arsenal, which would be used for its drilling and construction vessels. Constellation vessel; Source: Saipem Saipem disclosed on 22 February 2023, that it had signed a memorandum of understanding (MoU) with Eni Sustainable …

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Vertex to supply over 1,000 MW of hydrogen to decarbonise UK industries

Energy company Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, has signed agreements to supply over 1,000 MW of low-carbon hydrogen to industrial names in the UK. Courtesy of Vertex Hydrogen / HyNet Currently, the company is developing the UK’s first large-scale low-carbon hydrogen production hub at Essar’s site in Ellesmere …

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Singaporean firm to refurbish and sell nine newly-purchased vessels

Singapore’s offshore services provider Kim Heng has entered into Memoranda of Agreement (MoA) for the acquisition of nine vessels for a total consideration of approximately $9.28 million. One of Kim Heng’s AHTSs. Image for illustrative purposes only. Source: Kim Heng Ruhm Mazu Sdn Bhd, a 49 per cent owned indirect subsidiary of Kim Heng, entered into …

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Prince Rupert Port celebrates 10 years of its Green Wave Program

The Prince Rupert Port Authority (PRPA) is marking the tenth anniversary of its Green Wave program, which provides financial incentives to shippers who voluntarily invest in environmentally sustainable practices. Image credit Prince Rupert port Since 2013, commercial vessels have been assessed and allotted savings on their harbour dues based on the magnitude of their air …

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