TechnipFMC Sells Subsea Vessel
UK-based player in subsea, onshore/offshore and surface projects TechnipFMC has entered into a memorandum of agreement (MOA) to sell the Global 1201 S-lay and heavy…
G42, ADNOC JV for AI in Oil and Gas
With a goal of creating more artificial intelligence (AI) led solutions for the oil and gas sector, Abu Dhabi National Oil Company (ADNOC) has signed a deal with…
TORM Conducts 16 Scrubber Installations
TORM, a pure play product tanker company and one of the world's leading carriers of refined oil products, expects to install a total of 44 scrubbers and has since…
E.ON, RWE Renewables Sign Clean Power Deal
Global energy company E.ON has signed an agreement to purchase clean energy from British wind farms of RWE Renewables.The 2.5-year agreement is on purchasing the…
Babcock Wins Multiple Orders
UK-based engineering services company Babcock said that its liquefied gas equipment (LGE) arm has netted 26 orders in the LNG and liquefied petroleum gas (LPG) carrier markets so far this year.Having
Bosch Rexroth Bags Fugro Contract
Fugro, the global geo-data specialist, has awarded a contract to Bosch Rexroth to fully maintain and further improve Fugro Synergy’s hydraulic equipment.Fugro has…
DP World, Namibia's Nara Namib Sign MoU
Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port…
Japanese Firms in Brazilian FPSO Gig
Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated…
BP, Total Pact for Adnoc LNG Supply
The state oil giant Abu Dhabi National Oil Company (ADNOC) signed agreements with BP and Total to book the majority of its liquefied natural gas (LNG) production…
Product Tanker Freight Rates Rebounds
Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker…
TGS, WhiteStar Join for Combined Data Sources
Geophysical consulting and contracting services firm TGS has partnered with software solutions firm WhiteStar to provide combined data sources."The partnership will…
Steel Cut for Awilco Rig at Nantong
Offshore drilling contractor Awilco Drilling has said that the first steel has been cut for its second rig under construction at a Keppel yard."We are pleased to…
Klaveness Scales Down Supramax Biz
Norwegian shipping company Torvald Klaveness will scale down its dry bulk shipping activity in the Supramax segment and focus on the Panamax to Post-Panamax units.Klaveness…
First Metrans Vectron Released
Rail freight operator Metrans received the first Vectron multi-system locomotive at its container terminal in Prague.The vehicle is part of an order of ten multi-system locomotives.
DMC Steering System for Sunstone
Netherlands-based Damen Marine Components (DMC) will supply the rudders and steering gear for SunStone Ships' fifth Infinity-class polar expedition cruise ship.The…
EU Prioritizes on Sustainabile Cruise Activity
The sustainability of cruise activity in Europe is currently under pressure, says the European Sea Ports Organization (ESPO). European ports take the concerns expressed very seriously…
Holvik joins Thrustmaster
Thrustmaster of Texas acquired the ICON Dynamic Positioning business from Rolls Royce earlier this year, a DP product addition to the Thrustmaster product portfolio. In addition to the rights to produce and sell future units of the DP products, Thrustmaster also has responsibility for the maintenance, service and upgrades of existing DP systems presently in operation. To support this addition, Thrustmaster…
Baltic Index Snaps 10-day Losing Streak
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday after ten straight sessions of losses as rates for capesize vessels jumped.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was up 9 points, or 0.7%, at 1,354 points.* The capesize index climbed 92 points, or 3.8%, to 2,485.* Average daily earnings for capesizes…
EU Invests in Border Security, Coast Guard
The European Union Council officially adopted the Commission's proposal to reinforce the European Border and Coast Guard, an agency that will acquire its own equipment, such as vessels, planes and vehicles, a will have a standing corps of 10,000 border guards. The move was announced to respond to the challenges facing Europe in managing migration and its external borders.“Today the European Union has achieved an ambitious task of transforming the EU border agency…
Containership Fires
Incidents involving container ships, although not new, have made the news much more frequently of late. In 2011 the Container Incident Notification System (CINS) was established to allow container ship owners to self-report incidents that might be of concern the other members of the group, and today CINS has 17 vessel owner members.The cases of the Yantian Express, Maersk Honam, MSC Flaminia, MSC Daniela, are some of the most recent examples of container ship fires.
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