The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India's Adani Group, advancing the first foray by an Indian company into the sector.Sri Lanka, an island off India's southern coast
U.S.-based offshore vessel operator Hornbeck Offshore Services confirmed Monday it had reached a final settlement agreement with the surety (the “Surety”) for two Multi-Purpose Support Vessels (MPSVs) that had been under construction at Gulf Island Shipyards.Gulf Island Shipyards (GIS) sued Hornbeck Offshore in 2018 over what it said was the wrongful termination of two shipyard construction
U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S.
BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S. East Coast, BP CEO Bernard Looney said on Tuesday."We are in the midst of renegotiating our PPA (power purchase agreement) contracts in the East Coast with our partner Equinor," Looney told analysts.In 2020, BP paid Equinor $1.
Transocean, best known for its deepwater drilling services in the oil and gas space, is looking to expand into the offshore wind sector and is planning to convert some of its offshore drilling vessels into wind foundation installation vessels.The company said Wednesday it had executed a non-binding memorandum of understanding with offshore wind installation services firm Eneti with a plan to
New York City is set to receive its first public hybrid-electric ferry, Mayor Eric Adams announced on Wednesday.The first-of-its-kind vessel—currently under construction at Conrad Shipyard’s facility in Morgan City, La.— will begin transporting passengers to Governors Island in summer of 2024. It will replace the diesel-powered Lt. Samuel S.
The Solomon Islands has awarded a multi-million-dollar contract to a Chinese state company to upgrade an international port in Honiara in a project funded by the Asian Development Bank, an official of the island nation said on Wednesday.The United States and its allies, including Australia, New Zealand and Japan
Venezuela's state-run oil company PDVSA on Monday was loading a supertanker with crude and fuel for Cuba, maritime documents showed, an unusually large volume to help its political ally overcome an energy crisis with repeated blackouts.Several big electrical outages this year have left many in Cuba concerned about power supplies this summer
Dubai's shipbuilding and shiprepair company Drydocks World and Norwegian offshore engineering and construction firm Aker Solutions have established a joint venture to upgrade the Petrojarl Knarr FPSO for Equinor's Rosebank offshore oil and gas field in the UK, the Government of Dubai media office confirmed Friday.
Today, Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal, operated by Uniper, in Wilhelmshaven.The LNG ship Maria Energy, owned by Tsakos Energy Navigation was loaded in Calcasieu Pass, USA, at the liquefaction facility of the LNG supplier Venture Global Calcasieu Pass, LLC, on December 19, 2022.
U.S. oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data.On Friday, a Chevron-chartered vessel approached the South American country's waters to pick up a cargo of Venezuelan crude.
U.S. shipbuilding group Conrad Shipyard recently launched Galveston Island, the first of two newbuild hopper dredges being built for Great Lakes Dredge & Dock Corporation, the United States' largest provider of dredging services. The new 6,500-cubic-yard-capacity trailing suction hopper dredge is in the water and is scheduled to be in operation the first half of 2023 as planned