Furetank has signed a contract for a new dual-fuel tanker. It will become number nine in the Vinga series of globally top-performing sister vessels when it comes to energy efficiency and climate footprint. The 17,999 dwt vessel will be build by China Merchants Jinling Shipyard in Yangzhou (former AVIC). It is the latest contribution to …
Furetank orders new climate friendly tanker for a green fleet Read More »
NYK and Uyeno Group Holdings, Ltd. (hereinafter referred to as the Uyeno Group) have agreed that NYK acquires a 10% stake in Uyeno Transtech Ltd. (hereinafter referred to as the Uyeno Transtech), a domestic tanker operating company in the Uyeno Group. In response to climate change, various efforts are underway to realize a carbon-neutral society. …
NYK and Uyeno Group Form Capital and Business Alliance Read More »
Reference is made to the press release issued on the 27 January 2022. Golar LNG (“Golar”) is pleased to announce that Cool Company Ltd. (“CoolCo” or “the Company”) has successfully closed an upsized private placement of $275 million in new shares. Following the equity raise CoolCo will have an initial equity value of $400 million. …
Cool Company Limited Closes $275 million Private Placement of Shares Read More »
Sales rise 28.13% to Rs 758.82 crore Net profit of Great Eastern Shipping Company rose 23.66% to Rs 252.78 crore in the quarter ended December 2021 as against Rs 204.41 crore during the previous quarter ended December 2020. Sales rose 28.13% to Rs 758.82 crore in the quarter ended December 2021 as against Rs 592.21 …
Yanmar Engine Manufacturing India Pvt. Ltd. (YEMI) today announced the commencement of production at its new state of the art industrial engine manufacturing plant located at the Origins Industrial Estate in the state of Tamil Nadu, India. The new plant will produce 80,000 units of 15kW to 37kW class industrial engines per year with production …
Yanmar Commences Production at New Industrial Engine Plant in India Read More »
Watson Farley & Williams (“WFW”) advised CMB Financial Leasing Co., Ltd. (CMBFL) on the US$258.6m sale and leaseback of 12 vessels chartered by affiliates of Shandong Shipping Corporation, including 10 82,000 dwt bulk carriers to be operated by an affiliate of Shandong Shipping Corporation and two MR tankers operated by a leading NYSE-listed tanker company. …
In the face of decarbonisation challenges, presenting a united front seems to be a way around for offshore energy players. During the last week of January, we have witnessed a number of cross-sector collaborations established with a single aim to eliminate carbon emissions and reach the net-zero destination through a green energy path. Premium content …
In focus: Cross-sector collaborations replacing fossil fuels with green energy Read More »
As oil and gas prices increased, U.S. oil and gas major Chevron returned to profit in the fourth quarter of 2021 from a loss in the prior-year period when the pandemic-driven oil and gas market downturn impacted the industry’s performance. Chevron on Friday reported earnings of $5.1 billion for the fourth quarter of 2021, compared …
Chevron books fourth-consecutive quarterly profit Read More »
Dutch marine fuel supplier Titan LNG has completed the LNG bunkering of MT Prospero — Donsötank’s new 22,000 dwt product and chemical tanker. Photo: Titan LNG “By using LNG as a marine fuel, Donsötank and other progressive shipowners and operators are helping reduce global shipping emissions and local emissions right now,” Titan LNG said. “Since …
Donsötank’s new hybrid electric tanker bunkered with LNG Read More »
Northern Ireland-headquartered pipeline decommissioning specialist Decom Engineering has opened a new facility near Aberdeen as it wants to target new North Sea oil and gas clients. The investment valued at more than £250,000 is expected to allow faster deployment of Decom’s assets to clients working in the UK Continental Shelf (UKCS). The 6,000 square feet …
UK pipeline decom firm targets more oil & gas clients with new facility Read More »
