The technology group Wärtsilä has decided to reorganise into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business, covering both new sales and services for the respective markets.
Shell Canada Energy, an affiliate of Royal Dutch Shell, has taken a FID on LNG Canada, a major LNG project in Kitimat, British Columbia, Canada, in which Shell has a 40 percent working interest.
Van Oord and Dredging International, a DEME Group subsidiary, have been awarded a major contract for the modernisation of the Świnoujście – Szczecin fairway in Poland
The Golden Week holiday prompted an uptick in enquiry with rates firming four points to WS 59/59.5 for 270,000mt from the Middle East Gulf to both China and Singapore
While analysts expect disruptions in the coal export and import markets, solutions to the International Maritime Organization’s 2020 sulfur cap remain unclear, a Wood Mackenzie analyst said in a report.
Scorpio Group will install 100 hybrid-ready scrubbers across its fleet of 56 bulkers and 109 tankers, favoring the larger vessels within each group, chief operating officer Cameron Mackey said.
South Korea has emerged as a major importer of U.S. energy resources amid the Donald Trump administration’s strong push for resource exports such as LNG.
Petrobras agreed with US and Brazilian authorities to pay $853.2 million in penalties to resolve the US government’s investigation into violations of the FCPA in connection with Petrobras
