Ailing Danish shipowner Nordic Shipholding is one step closer to closing its doors after announcing the sale of its final three tankers. The company revealed on Thursday that it has entered into a sale and purchase memorandum of agreement to sell the Nordic Anne, Nordic Amy and Nordic Agnetha for a total of $37.1 million. It did not disclose the name of the buyer.
In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe
Nordic Shipholding said on Monday it will sell its three remaining tankers after the lossmaking Danish shipowner failed to line up a merger partner.The company said it held extensive discussions with potential merger partners and lenders to secure the group's long-term viability, but that the talks had stalled.
Norway-based offshore vessel owner Simon Møkster Shipping has signed a collaboration agreement will Finland-based maritime engine and equipment maker Wärtsilä to carry out a feasibility study on utilizing ammonia as the main fuel in dual-fuel engines where LNG is the alternative fuel.
Foss Maritime announced the permanent closure of its Seattle shipyard located in North Queen Anne, effective October 30, 2021.“The difficult decision is a result of Foss Maritime’s regular evaluation of business lines and follows the company’s diligent effort to improve the viability of the Seattle shipyard over many years,” the company said in a press release
Classification society Lloyd’s Register (LR) said it has granted Digital Twin Ready Approval in Principle (AIP) to shipbuilder Samsung Heavy Industries (SHI) for its Smart Ship Solution, SVESSEL CBM and S-Fugas (Samsung Fuel Gas) System.The class approval, which comes as a result of a Joint Development Project (JDP) formed earlier in the year
The Worldwide Ferry Safety Association (WFSA) has announced the winners of the 8th Annual International Student Design Competition for a Safe, Affordable Ferry.Dr. Roberta Weisbrod, WFSA’s Executive Director, said: “This year, the students were tasked with designing a RoPax ferry to carry around 300 passengers, many of whom prefer the use of outdoor hammocks
The Brazilian government will send the first doses of COVID-19 shots to immunize Santos port workers, with vaccinations slated to begin this week at Latin America's largest port, according to a statement from maritime agent Williams on Wednesday.Williams said Infrastructure Ministry Tarcísio de Freitas made a public commitment to vaccinate the workers
Equinor must fix a series of rule breaches exposed by a fire at its Melkoeya liquefied natural gas (LNG) plant in Norway last year for the plant to reopen, the country's safety watchdog said on Thursday.The September 2020 blaze shut down production at the plant, also referred to as Hammerfest LNG, and Equinor has said it could take until October to be repaired.
Jo-Kell Inc. announced it has completed its acquisition of Advanced Technical Sales (ATS).Located in Pompano Beach, Fla., ATS is a distributor of industrial electrical and automation products to the southern Florida area, with a focus on technical expertise and providing custom engineered solutions. The acquisition of ATS brings the Jo-Kell to more than 90 employees.