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The European Commission has approved a €682m ($756m) Belgian scheme to support offshore wind energy to foster the transition towards a net-zero economy. The measure will support the construction and operation of the first offshore wind farm in the Princess Elisabeth Zone in the North Sea. The wind farm is expected to have a capacity …
https://splash247.com/eu-approves-756m-belgian-aid-scheme-to-support-offshore-wind/
https://splash247.com/eu-approves-756m-belgian-aid-scheme-to-support-offshore-wind/United Arab Emirates-based jackup rig pure-play Shelf Drilling has announced that it would be merging with Shelf Drilling North Sea (SDNS) and with it enhancing its fleet. Under the plan of merger, SDNS will become a wholly owned subsidiary of Shelf Drilling. Shareholders of SDNS, who represent more than the necessary voting rights to approve …
https://splash247.com/shelf-drilling-expands-jackup-fleet-by-acquiring-shelf-drilling-north-sea/
https://splash247.com/shelf-drilling-expands-jackup-fleet-by-acquiring-shelf-drilling-north-sea/Kuok Maritime Group subsidiary PaxOcean has won a newbuilding contract with an unnamed Greek shipowner for 10 multi-purpose service vessels (MPSVs). Under the contract terms, PaxOcean 10 MPSVs will have 5,000 dwt capacity, DP2 dynamic positioning, and other the latest advancements in offshore vessel technology. The vessels will be built at PaxOcean’s yard in Zhoushan, …
https://splash247.com/pax-ocean-receives-order-for-10-mpsvs/
https://splash247.com/pax-ocean-receives-order-for-10-mpsvs/Italian energy services contractor Saipem has been awarded an offshore EPC contract worth $4bn by Qatar’s state-owned company QatarEnergy. The contract is for work on the North Field Production Sustainability Offshore Compression Program, aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the northeast coast of Qatar. The Qatari …
https://splash247.com/saipem-wins-huge-4bn-deal-from-qatarenergy/
https://splash247.com/saipem-wins-huge-4bn-deal-from-qatarenergy/Norway’s Höegh LNG is rebranding to reflect its focus beyond liquefied natural gas terminals and towards energy transition infrastructure. The Erik Nyheim-led company will moving forward be called Höegh Evi (energy vector infrastructure) with a new logo and visual identity. Höegh Evi has been working on new floating infrastructure for ammonia and hydrogen, as well …
https://splash247.com/hoegh-lng-changes-name/
https://splash247.com/hoegh-lng-changes-name/Pelagic Partners has launched a new venture in London that seeks to bridge the financing gap in the shipping sector. The Cyprus-based owner and shipping fund manager has set up Pelagic Capital, which is designed to assist in building a dedicated credit fund and expanding the company into future projects. “The launch of Pelagic Capital …
The Indian government has been in touch with major shipbuilders in South Korea and Japan to encourage them to set up bases on the sub-continent in a move similar to how China advanced so rapidly up the shipbuilding ranks 20 years ago. The Indian government has made it clear it wants to become a top-five …
https://splash247.com/india-woos-japanese-and-korean-shipyards/
https://splash247.com/india-woos-japanese-and-korean-shipyards/Flanked by naval ships, the Sounion is on its third day under tow in an operation to avert one of the worst environmental catastrophes in the Red Sea. The tanker was hit by multiple projectiles from the Houthis of Yemen on August 21, with the crew evacuating and the Houthis then boarding the Sounion and …
https://splash247.com/burning-sounion-now-under-tow/
https://splash247.com/burning-sounion-now-under-tow/The Russian oil price cap is expected to make headlines in the coming weeks as oil prices approach the moment where shipowners from across the world can make the decision whether to legitimately carry oil exports for Moscow. The crude oil price cap, which came into effect on 5 December 2022, was implemented by the …
https://splash247.com/russian-oil-cap-in-focus-as-prices-plummet/
https://splash247.com/russian-oil-cap-in-focus-as-prices-plummet/Global liners last week announced en masse their schedules on the main east-west trades come February next year when old agreements expire and new groupings emerge. Among the key takeaways was how Mediterranean Shipping Co (MSC), the world’s largest containerline, will not, as originally envisaged, be going it entirely alone. Over the past years as …
https://splash247.com/msc-set-to-more-than-double-its-share-of-slot-sharing-agreements/
https://splash247.com/msc-set-to-more-than-double-its-share-of-slot-sharing-agreements/