Singapore's New Trade Data Sharing Platform Aims to Stem Fraud
A Singapore trade data sharing platform backed by banks, commodity houses and state firms has signed up 70 participants as part of the city-state's attempts to bolster confidence after a spate of commodity trade finance frauds in recent years.The Singapore Trade Data Exchange (SGTraDex), whose founders include banks DBS and Standard Chartered, commodity trader Trafigura and the local tech regulator…
Europe's Dash for Gas & FSRUs Puts Australia's LNG Import Plans at Risk
Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years.France, Germany, and the Netherlands among others will need to import liquefied natural gas (LNG) to replace pipelined gas from Russia, which has been hit by sanctions…
4500 Years Old & 180km: World's Largest Known Plant Discovered in Shark Bay
Largest known plant on earth discovered at Shark Bay, and it's 4,500 years old.Researchers from The University of Western Australia and Flinders University have located what is believed to be the largest plant in the world – an ancient and incredibly resilient seagrass stretching across 180km that is estimated to be at least 4,500 years old.The discovery of the single plant or ‘clone’ of the seagrass Posidonia australis in the shallow…
Wilhelmsen Increases Ownership in NorSea to 99%
Wilhelmsen acquired an additional 24% of shares in NorSea to secure 99% ownership of the Norwegian supply base company.NorSea, a provider of logistics services to the offshore industry for more than 60 years, first welcomed Wilhelmsen as one of the owners in 2012. The latest transaction increases Wilhelmsen's shareholding from 75% to 99%.Today’s announced increased shareholding was a purchase option…
HAV Group's Hydrogen Energy System for Cruise Vessels Gets Preliminary DNV Approval
Norwegian technology provider HAV Group ASA has received preliminary approval from DNV for its hydrogen-based energy system for cruise ships.The system uses liquefied hydrogen storage and fuel cells and was created as part of the FreeCO2ast project, which is currently developing a high-capacity hydrogen energy system that can be retrofitted onboard two coastal cruise vessels owned by the Norwegian…
Blue World, Tuco Marine to Develop Methanol Fuel Cell-powered Workboats
Blue World and Tuco have agreed to develop and demonstrate a flexible methanol fuel cell solution for electric workboats. The Blue World methanol fuel cell technology is designed to provide a green alternative to the maritime industry and depending on boat type, the flexible fuel cell-powered solution can be used for auxiliary power or propulsion. The methanol fuel cell system provides low maintenance, has zero SOx, NOx, and particle emission as well as a CO2 neutral operation.
Anglo-Eastern Signs Agreement to acquire CMI
Anglo-Eastern Univan Group and the shareholders of Cruise Management International and CMI Leisure Management have signed a letter of intent regarding the sale of CMI to Anglo-Eastern. The move effectively opens up a new sector—expedition cruising—for Anglo Eastern's ship management operations. The sale and purchase are expected to be finalized in July 2022, following the standard due diligence. CMI will continue to be based in Miami…
Cory Orders 11 Barges from Harland & Wolff
Harland & Wolff said Wednesday it had won an initial contract worth around £8.5 million (around $10,7 million) with Cory for the fabrication of eleven barges. Cory, a UK-based waste management and recycling company, will use the barges to transport London’s recyclable and non-recyclable waste on the River Thames. Harland & Wolff will build the barges at its Belfast site, with first steel being cut within approximately eight weeks’ time.
Italy's Snam Buys Golar Tundra FSRU for $350M
Italian gas group Snam has agreed to buy Golar LNG's floating storage regasification unit (FSRU) Golar Tundra for $350 million.The Golar Tundra can operate both as an LNG carrier and as an FSRU.
First of Nine: Edda Wind Takes Delivery of Edda Breeze Vessel
Norwegian offshore wind services firm Edda Wind has taken delivery of its first CSOV, the Edda Breeze. The vessel was built by Astilleros Gondán shipyard in Spain.The hydrogen-ready vessel is the first to be delivered as part of a nine-vessel newbuilding program. The new Commissioning Operation Vessel (CSOV) will in August go on a ten-year contract with Ocean Breeze at the Bard Offshore 1 wind farm in Germany.
