Proman Stena Bulk Ltd has finalized an agreement to build an additional vessel under its joint venture partnership. The methanol-powered Stena Prosperous will join the Stena ProPatria and the Stena ProMare in the Proman Stena fleet in H2 2022. Each vessel will use 12,500 tonnes per annum of methanol as a marine fuel, significantly reducing …
Bermuda’s Economic Substance Act 2018 and Economic Substance Regulations 2018 (and subsequent amendments) set out the requirements that Bermuda-based entities must adopt with regard to economic substance in the jurisdiction. Bermuda, along with all of the major offshore jurisdictions, passed this legislation in order to remain on the European Union’s ‘white list’ of cooperative jurisdictions …
Economic Substance: An Overview for Bermuda Shipping Companies Read More »
After several days of counting and anticipation, the United States of America have a brand-new President-elect – the Democratic Party candidate Joe Biden. With the White House now waiting for him, it is important to look at what a Biden win could mean to the oil and gas industry and the U.S. energy industry as …
Biden wins – U.S. green future imminent, oil demand likely to rise Read More »
Subsea UK has joined forces with Scottish Enterprise to launch a programme of practical support and workshops to help underwater engineering companies secure funding for research and development and innovation. Funding from UKRI (UK Research and Innovation) is worth around £6 billion per year but in many cases, subsea companies are missing out on securing …
R&D funding up for grabs for UK subsea companies Read More »
Philippine container terminal operator International Container Terminal Services, Inc. (ICTSI) has signed on to connect its 31 terminals to TradeLens, a blockchain-enabled digital shipping platform. Connecting to Tradelens, which was jointly developed by IBM and Maersk, will allow all ICTSI terminals access to accurate information on cargo movements well in advance of vessel arrivals. The …
ICTSI: 31 terminals join TradeLens blockchain platform Read More »
North Sea oil and gas independent Chrysaor has submitted a licence application for the purpose of storing CO2 in a depleted reservoir in the North Sea off the UK. Chrysaor said on Tuesday it will, in parallel, seek agreement for a storage lease with The Crown Estate for the storage of CO2 in a depleted …
North Sea major files for CO2 storage licence as part of UK’s net-zero journey Read More »
Shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS), part of China State Shipbuilding Corporation (CSSC), has started the drydock works for the first cruise ship ordered by CSSC Carnival Cruise Shipping Limited, a joint venture between CSSC and cruise company Carnival Corporation. On 10 November, the beginning of hull erection works, as well as the coin ceremony for …
Drydock works begin for 1st cruise ship built in China for local market Read More »
La presidenta de la Autoridad Portuaria de Cartagena, Yolanda Muñoz, asistió ayer a Mesa de la Zona de Actividades Logísticas de Cartagena (ZAL). En la reunión, presidida por el consejero de Fomento e Infraestructuras, José Ramón Díez de Revenga, han participado la consejera de Empresa, Industria y Portavocía, Ana Martínez Vidal, el director del Instituto …
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El COVID-19 no impide que Valenciaport participe de forma presencial con un estand en el certamen China International Import Export (CIIE) Además de la atención “in situ” que realizan agentes chinos en nombre de APV, desde València se ofrece seguimiento telemático personalizado con los principales prescriptores que participan en la Feria A través de Valenciaport …
