Energy News Beat The forward freight agreement (FFA) market is now worth $100bn, but the shipping community as a whole still has much to learn from the sector, delegates attending this week’s Geneva Dry were told. Since 2020 onwards there has been a sharp increase in FFAs, bringing a big increase in liquidity according to […]
Energy News Beat Subsea 7 Subsea Integration Alliance members, Subsea 7 and SLB’s OneSubsea, have been awarded an engineering, procurement, construction, and installation contract for the Ginger project offshore Trinidad and Tobago by supermajor BP. The work on the project will be done under the new global framework agreement between BP and the Subsea Integration […]
Energy News Beat Solstad Norwegian offshore vessel owner Solstad Offshore has won work for three of its vessels offshore Brazil. The contracts, subject to board approval, are for two yet unnamed anchor handling tug supply (AHTS) vessels and the 2002-built Normand Flower construction support vessel (CSV). The three vessels were awarded four-year deals by Brazilian […]
Energy News Beat AmericasOffshore MarineTraffic / Kjell Sverre Aasheim MarineTraffic / Kjell Sverre Aasheim Brazilian state-owned oil and gas giant Petrobras has launched a large-scale tender to charter up to 18 platform supply vessels. The selection process will be in line with Petrobras’ usual closed-bid model, with the lowest price as the primary selection criteria, […]
Energy News Beat Jiangnan Shipyard Wah Kwong is expanding into the Middle Eastern market, with subsidiary Venture Marine Services (VMS) joining AW Shipping’s gas newbuild project in China. The Hong Kong shipping giant said WMS will be overseeing the newbuilding supervision projects for seven 99,000 cu m very large ethane carriers (VLECs) and four 93,000 […]
Energy News Beat ContainersGreater China Cosco Cosco Hong Kong’s Orient Overseas Container Line (OOCL) is strengthening its fleet with 14 boxship newbuildings in China worth more than $3bn. The COSCO-controlled liner operator has contracted Dalian COSCO KHI Ship Engineering (DACKS) and Nantong COSCO KHI Ship Engineering (NACKS) to build 18,500 teu methanol dual-fuel series at […]
Energy News Beat ContainersEurope Air Belgium Air Belgium French liner CMA CGM has completed the acquisition of Air Belgium, adding four more cargo airplanes to its burgeoning airfreight division. The company said it will retain the Air Belgium brand with the latest acquisition taking its air fleet to nine planes. Damien Mazaudier, executive vice president […]
Energy News Beat Steven Jones, founder of the Seafarers Happiness Index, discusses how the demands of old ships and new tech are taking something of a workload toll. They say change is as good as a rest. For seafarers, though, that is plain nonsense. Still, ever optimistic, there is much from the International Labour Organization’s […]
