No Iranian ships or gasoline cargoes have been seized, an unnamed official told Iran’s state news agency on Friday, following reports that four Iranian fuel cargoes had been transferred to other ships for transport to U.S. waters. “Iran, as it has repeatedly stated, will not tolerate any such hostile actions … and has not allowed …
Iran official: No Iranian ships or fuel cargoes have been seized -IRNA Read More »
Despite the pandemic of COVID-19 and strong headwinds from reduced demand and lower oil prices, Thoresen Thai Agencies Public Company Limited (TTA) reported that most key businesses delivered improved performance because of unrivalled financial and operational strength, agile workforce and unique expertise in the industry. In 2Q/2020, TTA reported gross profits increased 10%QoQ to Baht …
TTA Reports Second-Quarter Results with Improved Performance for Most Core Businesses Read More »
Before the COVID-19 coronavirus outbreak, Asian spot liquefied natural gas (LNG) prices were already at historic lows due to a warm winter and oversupply. Now, with multiple Chinese cities under quarantine, drops in local demand in China have resulted in further price declines, pushing prices to record lows. In response to the epidemic, major Chinese …
Despite the negative effects of the COVID-19 pandemic, German container shipping company Hapag-Lloyd closed the first six months of this year with a profit. Afif containership. Image Courtesy: Hapag-Lloyd The group profit stood at $314 million in H1 2020, compared to $165 million seen in the corresponding period a year earlier. Earnings before interest and …
Hapag-Lloyd’s profit rises despite lower volumes Read More »
SubseaPartner is getting ready to start work under the three-year frame agreement awarded by Var Energi for planned or unplanned inspection, maintenance, modification, construction, repair, and installation work using manned underwater operations as intervention method. In June, Var Energi issued a call-off for approximately 21 days offshore campaign at the Balder field. As part of …
SubseaPartner gears up for diving work with Var Energi Read More »
Haizea Wind has sent off the final two towers for the SeaMade offshore wind turbines from Bilbao. The Spain-based Haizea Wind is delivering 12 wind turbine towers for the project, which will feature 58 Siemens Gamesa 8.4 MW turbines. The first tower parts arrived from the port of Aviles in Spain to Belgium in mid-March, onboard …
Haizea Wind delivers its last batch of SeaMade turbine towers Read More »
Alternative investment manager Apollo has made a structured investment in the US-based offshore wind developer – US Wind Inc. Certain funds managed by Apollo Global Management’s affiliates have committed to invest, through convertible debt and equity, up to $ 265 million to acquire an equity stake in US Wind and fund development and construction costs …
The jacket foundations for the Hornsea Two offshore substation and reactive compensation station (RCS) have set sail from Indonesia towards the project site in the UK. Source: Ørsted The structures weighing over 10,000 tons departed Batam on 13 August onboard heavy transport vessel (HTV) Big Lift Barentsz. The journey will take approximately 50 days via …
Skipsteknisk has designed new Arctic trawler for Ocean Prawns which will be built by Tersan Shipyard in Turkey. This new trawler is a partnership vessel between the two seafood companies Clearwater Seafoods and Ocean Prawns. The newbuilding is of ST-119 design and will be completed in end of 2022. The new vessel will be built …
Finnish shipbuilder Meyer Turku has concluded the first phase of employee cooperation negotiations (YT negotiations) that will result in the permanent layoff of 166 people. Image Courtesy: Meyer Turku “The number at this point includes 86 blue collars and 80 white-collar workers,” the shipbuilder said in a statement. “Due to the production schedules of the …
