Offshore drilling contractor Noble Corporation has reported strong operational and financial performance during the third quarter of 2023, driven by elevated average day rates and rig fleet utilization, primarily due to high contracting activity for floaters. The flames of the rig owner’s hopes for further offshore drilling market improvements are fueled by a further increase in …
We are delighted to announce Cockett Marine Oil as a Gold Sponsor for the Middle East Bunkering Convention 2024. The company’s CEO, Cem Saral, will deliver the keynote speech at the event which, over the past nine years, has developed into a key and respected forum for expert comment and informed debate about the issues …
Finnish technology group Wärtsilä has introduced a new ultra-low emissions version of its 31DF engine that can reduce methane emissions by 41 percent more than the standard 31DF engine. Wärtsilä Whilst operating on LNG, this new version can further reduce methane emissions on a 50 percent load point by up to 56 percent and nitrogen …
Wärtsilä claims 41% additional methane slip cut from new engine Read More »
Descubra las últimas innovaciones en desalación en el 6to Congreso de Desalinización América Latina 2024 – el registro ya está abierto Fecha: 13-14 March 2024Ubicación: Santiago, ChileSitio Web oficialOrganizador: Vostock Capital La 6a Conferencia y Exposición “Desalinización América Latina 2024” se centra en los últimos logros de la industria de la desalinización en América Latina. …
Europe’s shipping investor Hayfin has placed an order for up to four ‘enhanced methanol ready’ Suezmax tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI). The contract includes two firm 158,000-dwt tankers and options for two more sister vessels with the delivery of the firm units scheduled for the first half of 2026. “The newbuild program …
Hayfin invests in up to four methanol-ready Suezmaxes Read More »
Name of Event: Future of RNG North America 2024 Event Venue: Houston, Texas. USA. Venue TBC 4-6 weeks before the event Date: 19th March 2024 McCarty Road RNG Facility (Site Visit) 20th & 21st March, 2024 This event will feature a wide range of insights and innovative strategies focused on harnessing RNG’s potential to advance …
Sweden’s Plagazi and Norway’s Litra have signed a letter of intent (LoI) that serves to state the intent for a commercial agreement between the two companies, which would enable Litra to undertake the transport of circular hydrogen from Plagazi to various industrial sites and off-takers. According to Plagazi, the background of the agreement comes from …
Plagazi and Litra join hands for transport and handling of circular hydrogen Read More »
Financial Supervisory Service (FSS) Governor Lee Bok-hyun accentuated the significance of maritime finance and its need to be transformed into a customized comprehensive financial service that meets global environmental, social and corporate governance (ESG) standards. The comment came during a congratulatory speech delivered at the opening ceremony of this year’s three-day-long Busan Maritime & Finance …
FSS chief highlights maritime finance’s paradigm shift toward ESG standards Read More »
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling efficient, paperless and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has signed a Memorandum of Understanding (MoU) with DNV, the leading classification society. The partnership aims to promote decarbonisation and accelerate the adoption of alternative fuels by enabling the …
Samudera Shipping warns that both revenue and earnings for its 3QFY2023 are lower y-o-y, due to a “decline in the general market demand which resulted in lower container volume handled and freight rates year-on-year.” The freight rate level is likely to continue for the rest of the financial year, the Indonesia-based, Singapore-listed shipper warns on …
Samudera Shipping says 3QFY2023 earnings and revenue lower y-o-y Read More »
