In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Illustration; Source: Navingo Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, including Maersk, MSC as well as oil major BP, in announcing …
Swiss-based construction company Allseas has commenced work on UK energy major BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) liquified natural gas (LNG) project offshore Mauritania and Senegal, with its vessels executing the subsea pipelay scope. Courtesy of Allseas According to Allseas, its construction support vessel (CSV) Oceanic started the offshore campaign by landing the first structure …
Allseas starts subsea pipelay work for BP’s giant LNG project in Africa Read More »
BBVA is extending its interim emission reduction targets for 2030 to two relevant sectors, aviation and shipping, in order to move its client portfolio toward net zero emissions by 2050. These two sectors join the oil and gas, power generation, automotive, steel, cement, and coal sectors, whose emission reduction targets were published by BBVA in …
Germany’s Hapag-Lloyd said on Thursday that it will reroute 25 ships by the end of the year to avoid the Suez Canal and the Red Sea, where Yemen’s Iran-aligned Houthis are targeting merchant ships. “We will reroute around 25 vessels up to the end of 2023,” a spokesperson said in a written reply to an …
Hapag-Lloyd: will reroute 25 ships before year-end to avoid Red Sea Read More »
ZECH MARITIME HOLDING has agreed to sell 100% of its interests in Zeaborn Ship Management GmbH & Cie. KG (“Zeaborn”) to Wilhelmsen Ship Management and MPC Capital, thereby divesting itself of its entire Maritime Services division. ZECH MARITIME HOLDING already sold its commercial management operations for container vessels in July 2023. With the ac-quisition of …
Valaris Limited announced today that it has exercised its options and taken delivery of newbuild drillships VALARIS DS-13 and DS-14 for an aggregate purchase price of approximately $337 million. President and Chief Executive Officer Anton Dibowitz said, “We are delighted to add these two rigs, the highest specification drillships remaining at the South Korean shipyards, …
Valaris Takes Delivery of Newbuild Drillships VALARIS DS-13 and DS-14 Read More »
Switzerland-based energy and commodities company Vitol has completed its inaugural biofuel deliveries in Fujairah, the United Arab Emirates (UAE). Vitol Through its wholly-owned bunker arm, Vitol Bunkers, two vessels received B24 very low sulfur fuel oil (VLSFO) on December 8 and 14. The fuel was sourced from Vitol’s Fujairah-based refinery FRL and blended with regionally-sourced biofuel …
Vitol completes first biofuel delivery in UAE, consolidates shipping activities Read More »
EnQuest has reached an agreement with Viaro Energy for the sale of a 15% working interest in a North Sea field and floating production, storage and offloading vessel (FPSO). Source: ALP Maritime Services EnQuest reported it had reached an agreement with Viaro Energy’s subsidiary RockRose UKCS 10 today, December 22, to sell a 15% working …
Singapore’s Seatrium has delivered the floating storage and regasification unit (FSRU) Energos Celsius to U.S. energy infrastructure company New Fortress Energy (NFE) for deployment at NFE’s completed LNG terminal in Barcarena, Brazil. Courtesy of Seatrium This is Seatrium’s fourth FSRU project for Brazil, for which the company said is “a testament to our commitment in …
NFE welcomes Energos Celsius FSRU for work at Barcarena LNG terminal Read More »
Canadian oil and gas player Trillion Energy has completed 3D seismic reprocessing for a natural gas field in the Black Sea off Türkiye which is said to have shown significant implications for exploration potential. Source: Trillion Energy 3D seismic reprocessing has been completed for the SASB gas field and Trillion Energy is now in the …
Reprocessed seismic data reveals ‘promising chapter’ for Black Sea gas field Read More »
