Shell, through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA, to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. for a consideration amount of $1.9 billion.
Stena Bulk has become the latest owner to opt for scrubbers for 2020 sulphur cap compliance with an order for up to 21 units from Shanghai Bluesoul Environmental Technology.
Egypt is to give up one of its two floating liquefied natural gas (LNG) terminals as it winds down imports of the super-chilled fuel, agreeing to pay a fee to Norway’s Hoegh LNG for ending the charter early.
Throughput continues to grow in the Port of Antwerp, as the total throughput after nine months is 177,026,550 tonnes, a 6% increase compared with the same period last year.
The technology group Wärtsilä’s 31DF dual-fuel engine, which emphasises outstanding efficiency, extremely economical fuel consumption, and minimal emissions.
Norwegian companies Nordlaks and NSK Ship Design have cooperated on a project that could be the beginning of a sustainable revolution in the fish farming industry.
Japanese carrier Ocean Network Express (ONE) expects to book an unexpected $600 million loss in its first fiscal year due to "teething problems," rising fuel prices and staffing shortages.
American renewable energy firm Aeolus has contracted with Norwegian shipbuilder Ulstein to design the first wind farm service operations vessel to be built for the Jones Act market.
Shortly after the Dutch foundation The Ocean Cleanup announced that its System is appropriate to conduct a cleanup operation in the Great Pacific Garbage Patch.