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UK operator sees last rig in its fleet off to scrap yard

glory 23-06-2022 14:00 Area News
After completing the sale of a rig, which has been stacked for years, Awilco Drilling, a UK-based offshore drilling contractor, is left with no other drilling assets in its fleet. Back in November 2021, Awilco Drilling...
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Two players join forces to research carbon capture and global supply chain

glory 23-06-2022 13:24 Area News
As climate change drives companies across the world to curb their carbon footprint and reduce reliance on fossil fuels, the U.S. classification society, American Bureau of Shipping (ABS), has teamed up with Texas A&M...
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ESL Shipping receives $21M for electric hybrid vessels

glory 22-06-2022 20:02 Area News
Finnish shipping company ESL Shipping, part of Aspo, has signed a €20 million ($21 million) loan agreement with Nordic Investment Bank (NIB). As informed, the 10-year loan will support ESL Shipping’s investment in a...
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MOL creates Philippine subsidiary to drive shipping decarbonisation

glory 22-06-2022 17:40 Area News
Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to establish a wholly-owned subsidiary called EcoMOL, which will tackle immediate GHG emission reduction by ships’ operational efficiency through digital...
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GAC Norway onboard hydrogen energy research project

glory 22-06-2022 17:01 Area News
Shipping and logistics company GAC Norway, part of GAC Group, has joined Norwegian hydrogen energy project HyValue, as part of its commitment to sustainability and accelerating decarbonisation across the wider maritime...
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Kawasaki Heavy wins LPG/ammonia carrier order

glory 22-06-2022 16:34 Area News
Japanese shipowner Kumiai Navigation has ordered a liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier powered by LPG fuel from compatriot shipbuilder Kawasaki Heavy Industries (KHI). The vessel...
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SHI wins $3 billion order for 14 LNG carriers

glory 22-06-2022 16:25 Area News
In a single day, South Korean shipbuilder Samsung Heavy Industries (SHI) received orders for the construction of a total of fourteen liquefied natural gas (LNG) carriers. On 21 June 2022, SHI won an order from an...
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Navigare Capital Partners inks green tech deal with NJORD

glory 22-06-2022 14:50 Area News
Danish investment company Navigare Capital Partners and NJORD, a green technology business venture between Cargill, Mitsui and Maersk Tankers, have entered into an agreement for the latter to design and install a package of...
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Echandia, Toshiba team up on fuel-cell tech to accelerate electrification of maritime sector

glory 22-06-2022 14:27 Area News
Swedish developer of energy solutions for maritime electrification Echandia has entered into an agreement with  Japanese tech company Toshiba to work on the development of fuel-cell technology combined with batteries to...
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Ports of Rotterdam, Baie-Comeau to collaborate on port development

glory 21-06-2022 20:49 Area News
The Port of Rotterdam in the Netherlands and the Port of Baie Comeau in Canada have agreed to jointly explore the potential for future growth and development of the Port of Baie-Comeau. The ports have agreed to...
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