AKOFS Offshore Inks $246M Vessel Deal with Petrobras

Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras, for its subsea equipment support vessel AKOFS Santos, which will continue to operate offshore Brazil.Following

Germany Launches €6b Industrial Decarbonization Program

German Economy Minister Katherina Reiche on Monday unveiled a 6 billion euro ($7 billion) funding initiative aimed at industrial decarbonisation, incorporating carbon capture and storage (CCS) technology into the country's climate protection…

Repsol Deploys Bunker Tanker Thomas B to Double Operational Capacity in Peru

Repsol has strengthened their bunkering operations in Peru with the deployment of the Bunker Tanker Thomas B (20,000 DWT). In addition to the Bunker Tanker Adrian (16,000 DWT) already operating in the

Better Data, Modular Solutions Drive Bergan Marine Systems

From inland towboats and tank barges, to oceangoing tankers and government fleets, Bergan Marine is literally everywhere you look on the waterfront. Kyle Durden, President & CEO, Bergan Marine Systems, discusses the

VARD’s CSOV Newbuild Pair to Feature Brunvoll Propulsion Systems

Maritime system supplier Brunvoll has signed a contract with Vard to deliver complete propulsion and maneuvering systems for two Commissioning Service Operation Vessels (CSOVs).The vessels, being built for international owner, will be

Ship Recycling Fundamentals Down

As we enter October, global markets are ready registering spooks across the board, marking a drastic debut into Week 41, reports cash buyer GMS.Inflation climbed in both Turkey and Pakistan through September,

German Ship Manager Partners on Direct Air Capture

German ship manager NSB Group has entered into a partnership with Phlair, a German direct air capture company for the delivery of carbon dioxide removal credits (CDR).The credits will be produced by

Maersk Retrofits Green Technology on Time-Chartered Fleet

In a large-scale program involving 50 different shipowners, A.P. Moller - Maersk is retrofitting around 200 vessels in its time-chartered fleet. The main aim of the program is to reduce the slot

Shell Exec Says Trump Halting Wind Projects is Harmful

The decision by President Donald Trump administration to halt fully permitted offshore wind energy projects is "very damaging" to investment, President of Shell U.S. Colette Hirstius told the Financial Times in a