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Latest news

World’s largest battery package launched

R&D
A Canadian manufacturer of energy storage systems signed a contract according to which it will be provided with the world's largest battery package for hybrid-powered vessels.

Fincantieri Delivers Costa Venezia

General
Fincantieri's Monfalcone shipyard handed over Costa Venezia - built specially for Chinese guests - to Costa Cruises, the Italian brand of Carnival Corporation

Yinson, First E&P in USD902mln FPSO Deal

Oil & Gas
Malaysia’s floating production storage and offloading-operator Yinson and Nigerian oil company First Exploration & Petroleum Development Company

Höegh LNG Doubles Profit

Oil & Gas
Hoegh LNG, a provider of floating liquefied natural gas (LNG) services under long-term contracts, reported a profit after tax of $ 44.98 million

VIDEO: Cargoship with drunken Master hits bridge in Busan

Maritime Accidents
The Master of a Russian cargoship has been detained for sailing under the influence of alcohol after the vessel hit a bridge in Busan, South Korea.

China sets eyes on Djibouti’s Doraleh Container Terminal

Ports
China Merchants Port Holdings aims to strengthen its control on a container terminal in Djibouti, East Africa.

A new investor is helping Germany’s Flensburger Shipyard

General
A new investor is helping Germany’s Flensburger Shipyard (FSG) to recover from cash-flow problems reports Tom Todd.

Subsea 7 updates project, vessel developments

Subsea Technology
 Subsea 7 has issued a progress report on its subsea construction projects in its latest financial review.

ExxonMobil makes deepwater gas discovery off Cyprus

Oil & Gas
ExxonMobil has made a natural gas discovery with the Glaucus-1 well offshore southwest Cyprus.

INEOS to overhaul North Sea Forties pipeline

Oil & Gas
INEOS plans to spend £500 million ($665 million) on extending the life of the Forties Pipeline System  in the UK central North Sea into the 2040s.

APM Terminals opens Costa Rica port

Ports
The inauguration of the delayed APM Terminals Moín yesterday will enable products to be shipped on transatlantic routes to European and Asian markets

Van Oord sets new record for launching of offshore wind farm

Wind Energy
This week, the first electricity has been generated by the 1.
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