In the case of the oil tanker suspected of purposefully dragging its anchor to break a subsea power line and telecom cables, the plot thickens.The owner of an oil tanker seized by Finland on suspicion of breaking the power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said on Monday.
Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market.The transaction, expected to close in the third quarter, will allow Vermilion Energy to focus on core gas-weighted assets in Canada and Europe.
Finnøy Gear & Propeller has signed a contract to deliver complete propulsion systems for a new series of eight cargo vessels being built for the Norwegian shipping company Wilson ASA. The vessels will be constructed at Udupi Cochin Shipyard Ltd. in India and are based on a design from the Dutch company Conoship International.
On March 1, 2025, Denmark-based maritime consultancy Knud E. Hansen announced that Javier Suárez succeeds Finn Wollesen Petersen as the company’s Managing Director, part of a planned process that has been taking place over the past months, with Suárez and Petersen working together over the last few months to facilitate a smooth transition.
In the early days of dynamic positioning, the 1960s and 70s, commercial deepsea divers soon learned how good their support vessel’s DP footprint was. Their lives depended on it. If a vessel slowly, or worse still, rapidly, moved off position, they would be pulled along with it.Diver safety was an early motivator for developments in DP systems, but risks remained.