Business News
RWE Renewables orders machine learning tool for turbine access opsRWE Renewables has placed an order with a UK company Cognitive.Business for a machine learning tool that will improve vessel-to-turbine transfers at operational offshore wind farms.19 October 2020 Monday 17:00
Rigs report: Equinor set to drill new wells at Martin LingeShallow water drilling activity in the North Sea and Middle East slipped during week 37 2020, pushing the number of contracted global jack-up rigs to 323 and ending a string of four consecutive weeks of positive gains09 September 2020 Wednesday 17:0
Svitzer boosts Middle East tugboat fleetSvitzer has bolstered its fleet of ship-handling tugs in the Middle East in readiness for arrival of ultra-large container ships09 September 2020 Wednesday 12:0
Small tankers prominent on promising orderbook“Small builders are playing a role in the recovery of shipbuilding,” noted BRL Shipping Consultants in its BRL Weekly Newbuilding Contracts report09 September 2020 Wednesday 11:0
Covid-19 throttles offshore vessel salesWith Covid-19 injecting market uncertainty among buyers and sellers, offshore support vessel S&P transactions in 2020 have dipped 33% from levels experienced over the last two years24 August 2020 Monday 11:20
Global pandemic impacts maritime salvage industrySalvage operations are further challenged by the global coronavirus pandemic, forcing companies to introduce new levels of innovation, social-distanced teamwork and risk analysis24 August 2020 Monday 10:40
More Australian IMR work for DOF SubseaNorwegian OSV owner DOF Subsea secured two contracts to support offshore oil and gas projects in the Asia Pacific (APAC) region, including an inspection, maintenance and repair (IMR) contract with Chevron Australia12 August 2020 Wednesday 13:40
Euronav benefits from outstanding large tanker marketBelgium and US dual-listed public limited company Euronav commands the only large tanker fleet within the Low Countries and has had a remarkable 2020 to date07 August 2020 Friday 15:10
Business of Shipping: Container Shipping Well-Positioned to Withstand COVID-19 DownturnThe world’s container shipping industry is well-positioned to withstand the COVID-19 -induced downtown, say industry experts.28 March 2020 Saturday 12:15
New green escort tug fleet takes shapeFoss is operating the first of a fleet of low-emissions escort tugs at US container and tanker terminals14 March 2020 Saturday 12:57
Russian-state oil trader added to US OFAC listThe Swiss-based crude oil trading arm of Russia-backed Rosneft has been added to the US OFAC sanction list. US companies and citizens have until 20 May 2020 to unwind contracts26 February 2020 Wednesday 15:05
Business of Shipping: The LNG Bunkering Era is Herehe Liquid Natural Gas bunkering era is here. That’s the loud and clear message sent last week at the LNG for 2020: Fueling Tomorrow’s Shipping conference held at SUNY Maritime College in the Bronx, NY.25 February 2020 Tuesday 09:56
Global LNG demand hits record 359M tonnesGlobal demand for LNG grew by 12.5% to 359M tonnes in 2019, with Japan, China and South Korea accounting for 50% of the market, according to Shell’s annual LNG Outlook22 February 2020 Saturday 16:04
US shipyards construct naval and harbour tug newbuildingsNaval towage vessels and commercial tugs are being built by two different shipyards in the US19 February 2020 Wednesday 16:06
Competition concerns sink offshore accommodation mergerA merger that would have created the world’s largest accommodation vessel owner has been called off by Stavanger-based Prosafe and Bermuda-headquartered Floatel International Ltd19 February 2020 Wednesday 15:58
Chinese tug construction stunted by coronavirusTug construction in China has been impacted by the coronavirus outbreak that has brought disruption to Chinese industry17 February 2020 Monday 11:22
EMS Offshore orders newbuilding from DamenEMS Offshore Service has agreed a newbuilding vessel contract wtih Damen shipyards for a new edition in the Shoalbuster line of vessels, the Shoalbuster 271116 December 2019 Monday 10:43
New hybrid-propulsion tug design concept revealed at EuroportMAN Energy Solutions developed an integrated hybrid propulsion system for a harbour tug designed by Robert Allan for environmental port operations08 November 2019 Friday 14:27
Box ships dominate Panama Canal's record tonnageThe Panama Canal has closed the 2019 fiscal year (FY2019) with record tonnage – and the container ship sector continues to dominate12 October 2019 Saturday 16:00
POSH makes US$680M bet on harbour workboatsOne of the largest owners of offshore support vessels in Asia is spending US$680M to diversify into harbour vessel services11 October 2019 Friday 17:30
Ireland, Wales and Cornwall plan floating wind foray in Celtic SeaA collaboration agreement outlining a commitment to work together to progress floating wind projects in the Celtic Sea has been signed by organisations in Ireland, Wales and Cornwall11 October 2019 Friday 17:23
