TotalEnergies terminates Shelf Drilling jackup deal
United Arab Emirates-based jackup rig pure-play Shelf Drilling has received a contract termination from French giant TotalEnergies. The company said it received a contract termination notice for the 2014-built Shelf Drilling Winner. The jackup was contracted to the Danish arm of the French major. Under the notice and in accordance with the contract, the termination […]
BW Offshore gets $36m in court case settlement
Floater specialist BW Offshore and Prio Comercializadora, previously known as Petro Rio, have settled an arbitration case dating back to 2021. In September 2021, Prio, then Petro Rio, filed a request for arbitration concerning the charter and services agreement for the FPSO Polvo against BW Offshore. At the time, the Brazilian firm claimed that it […]
Vattenfall hires DeepOcean for subsea cabling work
Norwegian ocean services contractor DeepOcean has been awarded framework agreements by Vattenfall for the provision of subsea cable operations and maintenance services on the Swedish utility’s operational European offshore wind portfolio. The framework agreements is valid for a period of four years and apply to Vattenfall’s offshore wind farms in Denmark, the United Kingdom, Germany, […]
April 2025
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Beyond the boxes – What the Alphaliner’s 2024 port rankings tell us
Are we looking at port rankings the right way..?? Every year, when the list of the top container ports is released, the industry does a collective pause.. We pore over the numbers, dissect the rankings, and look for signs of who’s up, who’s down, and—most importantly—why.. But beyond the tonnage and TEU tallies, these rankings […]
NSR draws more players to ramp up icebreaker fleet expansion
The Northern Sea Route (NSR), spanning Russia’s Arctic coast from the Barents Sea to the Bering Strait, is becoming an increasingly viable shipping corridor due to melting ice. This route offers a significantly shorter passage between Europe and Asia compared to the Suez Canal, reducing transit time and fuel consumption for global trade. South Korea’s […]
Peel Ports Group appoints contractors to construction framework
Peel Ports Group, the UK’s second-largest port operator, has appointed a host of contractors into its new construction framework, covering a major programme of construction works across its UK and Ireland sites, worth up to £750 million (US$970 million). The port operator has appointed 18 contractors across the multi-lot framework for a period of up […]
Port Houston adds new hybrid handling equipment
During its regular monthly meeting, the Port Commission of the Port of Houston Authority awarded a contract to Konecranes Finland Corporation for the purchase of 16 hybrid rubber-tired gantry (RTG) cranes for Bayport Container Terminal. These new RTG cranes will be Port Houston’s first “one-over-six” container stacking units, setting a new standard moving forward while […]
Maersk implements surcharge from West Med to Canada
Copenhagen-based box line Maersk is introducing a Peak Season Surcharge (PSS) for all container types from West Mediterranean countries (Italy, Croatia, Greece, France, Portugal, Spain, Morocco, Algeria, Tunisia, Slovenia and Albania) to Canadian destinations. The following surcharge will be effective from 14 April: Origin Destination Container type New tariff levels Charge Basis West Mediterranean countries […]
C2X secures US$100 million investment to advance green methanol initiatives
Japanese energy firm ENEOS, Danish shipping company Maersk, and A.P. Moller Holding have agreed to invest US$100 million in green methanol project developer C2X to proceed with its global methanol production portfolio. The transaction is subject to the satisfaction of customary closing conditions, including applicable regulatory clearances. The proceeds from the investment will primarily be […]