Norwegian player carves away FPSO segment from renewables business

 Penguins FPSOOslo-listed company Magnora has decided to separate its legacy business, the divested segment related to floating production storage and offloading (FPSO) units for oil and gas industry, from its renewables business, with significant activity...

Posted on 1/21/2024 / 0 comments / Read More

HD Hyundai Heavy Industries, NAPA and CADMATIC develop digital shipyard

Source HD Hyundai Heavy IndustriesHD Hyundai Heavy Industries, the world's premier shipbuilding company, has launched an innovative joint development project with two leading maritime software firms, specializing in smart 3D design, engineering, and information...

Posted on 1/21/2024 / 0 comments / Read More

COSCO SHIPPING Specialized’s XIANG TAI KOU Delivered

 XIANG TAI KOU (Source Cosco Shipping)COSCO SHIPPING Specialized’s newest 65,000t DWT DP2 semi-submersible vessel was delivered on December 28th, 2023. This new 46m wide addition brings the total fleet to sixteen vessels.In the previous year, COSCO Shipping...

Posted on 1/20/2024 / 0 comments / Read More

HMH Secures Major Contract with Brazilian Driller Constellation

 Gold Star rig (Source Keppel)HMH, a Norwegian company specializing in both offshore and onshore drilling equipment, has recently signed a significant long-term services agreement with Brazilian drilling contractor Constellation Oil Services. This deal, notable...

Posted on 1/20/2024 / 0 comments / Read More

Grain de Sail II: Inaugurating the Future of Eco-Friendly Maritime Transport

Grain de SailGrain de Sail, a French company, recently held a celebration for the christening of Grain de Sail II, the world's most substantial modern cargo sailboat. This vessel, constructed by the local shipbuilder Piriou, represents a significant advancement...

Posted on 1/20/2024 / 0 comments / Read More