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HomePress

Press

Press Releases

Hamburg
International News

Inland cargo ship sinks in port of Hamburg

February 6, 2024 Mariel Alumit

Hamburg Port Authority An inland waterway ship carrying 3,500 litres of diesel and 1,400 tonnes of potassium chloride has sunk in Hamburg. At the time of the incident, the 80-meter-long ship was moored to the […]

interconnectors
Electrical Generation / Utilities

Relying on interconnectors for imports carries risks

February 6, 2024 Mariel Alumit

Britian’s latest subsea interconnector, the 1.4 GW Viking Link with Denmark began commercial operations at the end of December. Initially its capacity will be limited to 800 MW until internal grid reinforcement in Denmark is […]

shipbuilder
International News

South Korea’s largest shipbuilder makes nuclear move

February 6, 2024 Mariel Alumit

HHI HD Korea Shipbuilding & Offshore Engineering (KSOE), a sub-holdings company of HD Hyundai, has held a joint research and technology exchange meeting with TerraPower and CORE POWER with plans unveiled to develop small modular […]

QatarEnergy
International News

QatarEnergy contracts Samsung Heavy for 15 LNG carriers

February 6, 2024 Mariel Alumit

QatarEnergy QatarEnergy’s fleet expansion scheme proceeds apace with a contract signed today for 15 LNG carriers with Samsung Heavy Industries, the Korean yard with the world’s largest gas ship orderbook. The contract, worth $3.44bn, will […]

Vintage VLCC prices
Crude Oil News

Vintage VLCC prices edge down

February 5, 2024 Mariel Alumit

Tankers Even though more than 10 rusty ladies have been reported sold this year, prices are finally coming down for vintage VLCCs. Broking sources report that a raft of ships have been circulated, but buyers […]

LNG carrier deliveries
Exports

LNG carrier deliveries this year to smash previous record by close to 50%

February 5, 2024 Mariel Alumit

GasShipyards Nakilat The pace of LNG newbuild deliveries will smash records this year, beating the previous annual gas ship delivery peak of 2021 by 48%. Data from Clarksons Research shows 89 LNG ships – with […]

ICS
Climate Crisis

ICS proposes subsidy system for green fuel use to reach net zero targets

February 2, 2024 Mariel Alumit

EnvironmentOperations Northern Shipping Funds The International Chamber of Shipping (ICS) has submitted a proposal to shipping’s global regulator, the International Maritime Organization (IMO), for a zero-emission shipping fund (ZESF). To move forward with workable solutions […]

Paratus
Crude Oil News

Paratus scores Mexico work for Titania jack-up

February 2, 2024 Mariel Alumit

AmericasOffshore Paratus Paratus Energy Services has secured a one-year contract for the Titania jack-up for work offshore Mexico. The new contract will contribute around $55m in backlog and is expected to begin around mid-February 2024. […]

Google
Electrical Generation / Utilities

Google inks its largest offshore wind power deal

February 1, 2024 Mariel Alumit

CrossWind Google has penned its biggest deal yet to purchase offshore wind power for its data centers in Europe. The tech giant has signed up to offtake 478 MW of two wind farms off the […]

shipping
ESG

Results published from shipping’s first-ever full cradle-to-grave lifecycle assessment

February 1, 2024 Mariel Alumit

Knutsen OAS Shipping Results have been published of shipping’s first-ever full cradle-to-grave lifecycle assessment of a vessel from the raw materials dug from a mine needed to manufacture a hull block to the welder’s torch […]

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