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HomePress

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Press Releases

Price
Press

Euronav sells fleet data analytics platform to ZeroNorth

January 31, 2024 Stu Turley

Belgian tanker giant Euronav has sold its Fleet Automatic Statistics and Tracking (FAST) platform to Danish vessel optimisation brand ZeroNorth. FAST collects advanced high-frequency data in real-time from sensors across Euronav’s fleet. The Saverys family-controlled […]

QatarEnergy
Crude Oil News

QatarEnergy dishes out $6bn worth of contracts for Al-Shaheen expansion

January 31, 2024 Mariel Alumit

Middle EastOffshore NOC Middle Eastern oil and gas producer QatarEnergy has awarded engineering, procurement, construction and installation contracts worth $6bn for the next development phase of its Al-Shaheen oilfield, to boost production by about 100,000 […]

Price
Press

CMA CGM readies methanol retrofits

January 31, 2024 Stu Turley

CMA CGM CMA CGM has signed up a series of containerships for a methanol dual-fuel revamp in China, joining the likes of Maersk, COSCO and Hapag-Lloyd. The French carrier has earmarked its conventionally-fuelled 9,300 teu […]

Price
Press

Mid-sized tankers in vogue: McQuilling

January 31, 2024 Stu Turley

AmericasTankers DNV McQuilling Services has published its latest five-year forecasts for the tanker trades with the American firm favouring prospects for mid-sized tankers this year over the bigger ship types. The 196-page, 27th edition of […]

TotalEnergies
Offshore

Construction of largest US offshore wind farm set to begin after clearing final hurdle

January 31, 2024 Mariel Alumit

BOEM The US authorities have given the final two major federal approvals required for the start of construction work on Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project, the largest approved offshore wind […]

Iraq
Crude Oil News

Iraq seen replacing Russia as India’s top source of crude

January 31, 2024 Mariel Alumit

India has pivoted back to Iraq for its crude oil supplies with Russian imports held up by the Red Sea shut-in as well as the threat of US sanctions. Data from Kpler shows India has […]

Electrical Generation / Utilities

UK company to build first-ever tidal energy plant in Southeast Asia

January 31, 2024 Mariel Alumit

Inyanga Energies PH has signed a deal with UK-based marine offshore renewables specialist Inyanga Marine Energy Group to build Southeast Asia’s first-ever tidal power generation plant. The site will be at the remote Capul Island of […]

Trafigura
Crude Oil News

Industry heavyweights weigh in on Red Sea security solutions for shipping

January 31, 2024 Mariel Alumit

Arsenio Dominguez, the new secretary-general of the International Maritime Organization (IMO), has called for a “multi-faceted” solution to the ongoing Red Sea shipping crisis. Assuming the top post at the London United Nations body at […]

Japanese
Carbon Capture

Japanese reveal plans to slash emissions from oil imports

January 30, 2024 Mariel Alumit

Four Japanese players have joined forces to design and build a low-carbon emission very large crude carrier (VLCC). Idemitsu Tanker, the shipping affiliate of Japan’s second-biggest oil refiner, Idemitsu Kosan, has formed a consortium with […]

Price
International News

Two vessels freed following Somali pirate hijackings

January 30, 2024 Mariel Alumit

AfricaOperations Indian Navy Two fishing vessels – one from Iran and the other from Sri Lanka – have been freed following hijackings by Somali pirates. Seychelles forces rescued a Sri Lankan fishing boat on Monday, […]

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