Fuel prices skyrocket, but analysts expect spike to be short-lived
Fuel prices have skyrocketed following the drone attacks on Saudi-Arabian oil terminals this past weekend. In major bunker ports like Rotterdam and Singapore prices have shot up as much as 30%, figures from Bunker Index show. However, Rystad Energy expects the spike to be short-lived. In Rotterdam, heavy fuel oil was selling at a price…
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Scrubber failure floods engine room
A video of a failing scrubber system is quickly spreading on social media. The clip shows how large quantities of wash water are pouring down on the main engine of the ship, adding fuel to an already heated debate about scrubber technology. The incident happened on an unidentified vessel. In the video (see below), a…
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United Heavy Lift and Ocean 7 Projects join forces
United Heavy Lift has joined forces with Norwegian project carrier Ocean 7 Projects. Together the companies are opening a new office in Norway with further joint branches in the United States and Asia to follow. The fleets complement each other well and together will allow the companies to cover all market segments in the multipurpose…
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Boskalis to build new oil terminal in Iraq
Boskalis has signed a contract with the Iraqi Ministry of Oil for the construction of a new oil terminal in the Middle Eastern country. The new facility is aimed at increasing the export capacity of the southern ports with 3 million barrels per day. The new oil terminal will be built on an island in…
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Jan De Nul joins DEME in French renewables market
Following recent news of DEME, the other Belgian offshore contractor, Jan de Nul, has now also signed its first contract for the French renewables market. Through its French subsidiary, Sodraco International SAS, the company will install the 80 turbines for the 480 MW Saint-Nazaire offshore wind farm. The contract was awarded by Parc du Banc…
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Renewable energy capacity growing at fastest rate since 2015
After stalling last year, the renewables energy market is back on track with double-digit growth according to the International Energy Agency (IEA). The growth is driven in particular by solar power and onshore wind energy, but the agency also says “offshore wind is showing encouraging signs.” Worldwide renewable energy capacity is expected to grow by…
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Zeaborn ventures further into containershipping with MPC Capital
Zeaborn is expanding its services in the container shipping industry through a new partnership with investment fund MPC Capital. Under the shipbroker brand Harper Petersen, the companies are merging their activities in containership chartering and commercial management in a newly found joint venture. Zeaborn and MPC Capital are merging Harper Petersen with MPC Capital’s subsidiary…
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Allseas bags another decommissioning contract
Allseas has bagged another platform decommissioning contract. The company will remove Repsol Norge’s Gyda Platform, which is located in the Norwegian North Sea. The platform will possibly be reused. The contract covers both the 18,000 tons topsides and 11,200 tons jacket and also includes an option for reinstallation on another field, which would be an…
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ALE opens office in Sweden for USD 529 million bridge project
ALE Heavy Lift is expanding its Scandinavian operations with a new office in Sweden to provide civil engineering solutions. The move follows after the signing of a new contract worth USD 529 million to install the Hisingsbron bridge in Gothenburg. The installation of the new bridge over the Gota river will be the branch’s maiden…
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