President Volodymyr Zelenskiy said on Thursday that Ukraine’s alternative Black Sea export corridor — introduced after Russia withdrew from a U.N.-brokered deal to guarantee safe shipment of Ukrainian grain in July — had sent out 12 million tonnes of cargo so far. He added in his nightly video address that the corridor had produced “particularly …
Zelenskiy says Black Sea corridor exports have reached 12 mln tonnes Read More »
The comprehensive environmental company Techcross and Hyundai Engineering signed an MOU for cooperation in the green hydrogen business based on alkaline water electrolysis on October 30. The signing ceremony took place at Hyundai Engineering’s head office building in Gyedong, Seoul, and was attended by approximately 10 people, including Seogwon Park (President of Techcross) and Gwanseop …
MOU for Cooperation in Green Hydrogen Business between Techcross and Hyundai Engineering Read More »
China’s shipping company COSCO Shipping Development has taken delivery of two 700 TEU electric containerships built by COSCO Shipping Heavy Industry (Yangzhou), part of COSCO Shipping Group. COSCO On December 28, 2023, the newbuilds N997 and N998 were named and delivered in Yangzhou. They were named COSCO Shipping Green Water 01 and COSCO SHIPPING Green …
‘World’s first’ 700 TEU pure battery-powered containerships are here Read More »
EIG, a Washington-headquartered institutional investor in the global energy and infrastructure sectors, is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry. The deal, valued at $390 million, will enable EIG to enrich its portfolio in South America by adding the sole Brazilian floating production storage …
US firm taking over Brazil’s only FPSO operator, thanks to $390 million deal for Ocyan Read More »
Saudi Arabia’s onshore and offshore drilling player Arabian Drilling Company (ADC) has provided an update on the upgrades to its new offshore rigs, which have been hired for drilling assignments by the country’s oil and gas giant, Aramco. AD140 jack-up rig; Source: Arabian Drilling Previously, Arabian Drilling reported that three rigs – AD130, AD140, and …
WATCH: All about upgrade works for three new jack-up rigs in drilling player’s fleet Read More »
Norwegian oil and gas player Vår Energi has completed the divestment of its entire interest in a field located in the Norwegian part of the North Sea to Petrolia NOCO (Petrolia). Brage platform; Credit: Wintershall Dea/Morten Berentsen In October 2023, Vår Energi revealed a deal to sell its 12.26% interest in the Brage field to Petrolia. The sale was completed …
Vår Energi holds no stake in North Sea field after sale wraps up Read More »
GAC Germany, a provider of shipping and logistics services in Northern Europe and a subsidiary of the UAE-based Gulf Agency Company (GAC), is set to open a new office in Stade on January 1, 2024. GAC With this move, the company looks to expand its presence in the region and meet the growing demand for …
GAC Germany to open office in Stade as it readies for LNG vessel surge Read More »
Mermaid Subsea Oil and Gas Services DMCEST (MSOGS), a wholly owned subsidiary of Thailand-headquartered subsea services provider Mermaid Maritime, has entered into a facility agreement loan with SinoPac Capital International (HK) Limited to borrow up to $10 million. Mermaid Sapphire; Source: Mermaid Maritime This will be used for the reimbursement of the firm’s equity used for …
Mermaid Maritime gets its hands on multi-million loan to repay vessel acquisition Read More »
Jens Meier, President of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority has called on ports to actively collaborate on knowledge sharing between themselves and the maritime community to accelerate decarbonization. IAPH Meier spoke at the recent COP28 Shaping the Future of Shipping summit organized by the International Chamber of Shipping …
Singapore-headquartered Seatrium Limited – formerly Sembcorp Marine Ltd before the merger with Keppel Offshore & Marine Limited – has secured early refinancing of S$400 million (more than $303.13 million) from DBS Bank Limited with an option to convert to a sustainability-linked loan. This came a day after the delivery of a converted floating production storage and …
