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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/The Philippines said it was sending a vessel to Sabina Shoal to replace a coast guard ship that returned to port on Sunday after a five-month deployment at the contested feature in the South China Sea, in a swap that would likely irk China.Beijing…
https://www.marinelink.com/news/philippines-vows-continued-presence-517060
https://www.marinelink.com/news/philippines-vows-continued-presence-517060Esgian provides an update on new contract awards for floating rigs in its Week 37 Rig Analytics Market Roundup.Report SummaryContractsTransocean Ltd. has secured a 365-day contract for the 12,000-ft drillship Deepwater Atlas with bp in the US…
https://www.marinelink.com/news/esgian-week-report-new-contracts-floating-517062
https://www.marinelink.com/news/esgian-week-report-new-contracts-floating-517062Cash buyer GMS cites the dangerous situations unfolding across the Middle East, Ukraine and South China Sea, when saying that politics, war, and ensuing global financial instability, means that ship recycling markets continue to endure profound…
https://www.marinelink.com/news/ship-recycling-fundamentals-seesaw-517063
https://www.marinelink.com/news/ship-recycling-fundamentals-seesaw-517063