• Hydrogen production facility planned for Gothenburg port
    The Port of Gothenburg and Norwegian energy company Statkraft are planning to construct a hydrogen production facility at the port, with operations due to commence in 2023. Initially the facility will have a capacity of four MW, producing up to two tonnes of hydrogen per day. “The Port of Gothenburg ... read more
    splash247.com NewsPublished on 02.11.2021By Sam Chambers
  • IMC Ventures invests in autonomous underwater vehicle start-up
    IMC Ventures, a Singapore-based venture capital entity of IMC Group that is focused on investments in the maritime and supply chain industries, has participated in the seed investment round of BeeX, a hovering autonomous underwater vehicle start-up. Other notable investors in the seed round include the National University of Singapore. ... read more
    splash247.com NewsPublished on 02.11.2021By Sam Chambers
  • Odfjell offloads shortsea fleet
    Norwegian owner Odfjell has agreed to sell the last three 9,000 dwt shortsea vessels that have operated in the company’s regional trade in Asia.  The sale marks an exit from Odfjell’s shortsea regional trade in Asia as the remaining vessel on a timecharter to Odfjell will also be redelivered to ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • Nordic American Tankers fixes suezmax for up to three years
    Herbjorn Hansson-led Nordic American Tankers (NAT) said it has fixed one of its suezmaxes to an unnamed oil company for up to three years. The firm contract, which commences this month, is for one year at a daily rate of $20,000, with options for two additional years at significantly higher ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • SD Standard Drilling sells stake in VLCC
    Øystein Stray Spetalen’s S.D. Standard Drilling (SDSD) has sold its 33.3% ownership in the VLCC Gustavia S it acquired in January 2020. The transaction values the vessel at $93m, with Standard Drilling receiving net proceeds of $14.1m for its equity stake in the vessel and incurring a loss of $0.8m ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • Delta Corp acquires maritime AI start-up Quantship
    Fast-growing logistic provider Delta Corp Shipping has acquired Quantship, a pioneering artificial intelligence (AI) platform, which utilises quant algorithms to unlock value in freight markets. Quantship was incubated at Entrepreneur First, Singapore in 2019 by Kaushik Reddy and Sudeept Sinha. “With interdisciplinary experience in shipping and quant trading, the founders ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • Danish pension fund banks $95m from UK wind farm sale
    Danish pension fund PKA has scored £70m ($95.3m) by selling its 25% stake in the Burbo Bank Extension offshore wind farm to UK renewable fund manager Greencoat on behalf of Greencoat UK Wind and Greencoat Renewable Income. Greencoat paid around £400m ($545m) for PKA’s stake, which originally invested £330m ($449.6m) ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • EMGS chairman steps down
    Oslo-listed Electromagnetic Geoservices (EMGS) has announced the resignation of Silje Augustson from the position as chairman of the board of directors. EMGS said in a stock exchange filing that the resignation is effective immediately and is due to personal reasons. The EMGS board will now commence the process of determining ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • Eni buys additional Dogger Bank stake for $191m
    Italian energy major Eni has entered into an agreement with Equinor and SSE to acquire a 20% interest in the Dogger Bank Wind Farm C project in the UK for £140m ($191m). Both Equinor and SSE are selling 10% each, with the farm down transaction expected to close in 1Q ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • Simon Møkster and Wärtsilä to explore ammonia/LNG hybrid engines
    Norwegian shipowner Simon Møkster Shipping and Finnish marine technology firm Wärtsilä have partnered to carry out a feasibility study on utilising ammonia as the main fuel for offshore support vessels in dual-fuel engines where LNG is the alternative fuel. The testing will be carried out on the OSV , currently ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • Beach Energy boss resigns
    Beach Energy managing director and chief executive officer, Matt Kay, has resigned from the company to pursue other professional opportunities. While a search for Kay’s successor is underway, Morné Engelbrecht, the current chief financial officer, has been named acting CEO of the Australian oil and gas firm. Kay said given ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • K Line presses ahead with autonomous shipping drive
    Another piece in Kawasaki Kisen Kaisha (K Line)’s autonomous shipping puzzle is being put into place with the Japanese shipping major collaborating with the likes of Fujitsu, Japan Radio Co. (JRC) and Groke Technologies to develop a navigation support system that uses artificial intelligence (AI) and other technologies to assist ... read more
    splash247.com NewsPublished on 02.11.2021By Adis Ajdin
  • Maersk spends some of its multi-billion dollar war chest to bolster air freight position
    Cash-rich A.P. Moller – Maersk is upping its airfreight game, buying German freight forwarder Senator International as well as expanding its air freighter fleet by five planes. “Air freight is a crucial enabler of flexibility and agility in global supply chains as it allows companies to tackle time-critical supply chain ... read more
    splash247.com NewsPublished on 02.11.2021By Sam Chambers
  • Growing coalition of nations demand zero emissions targets for shipping
    Denmark, the United States and 12 other countries on Monday at the COP26 climate summit in Glasgow backed a goal to reduce shipping emissions to zero by 2050, something that will come up for discussion later in the month at the International Maritime Organization’s Marine Environment Protection Committee gathering. “We ... read more
    splash247.com NewsPublished on 02.11.2021By Sam Chambers
  • Global Methane Pledge to be unveiled at COP26 heaps more pressure on LNG fuel proponents
    Proponents of LNG as shipping’s interim future fuel will face another barrage today with the White House the latest institution to go on the attack. President Joe Biden is to unveil plans today at COP26, the major international climate summit taking place in Glasgow, to limit global methane emissions by ... read more
    splash247.com NewsPublished on 02.11.2021By Sam Chambers
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