Eni gives more work to Ventura Offshore’s semisub
The Indonesian arm of Italian energy major Eni has exercised a well option for one of Ventura Offshore’s rigs. Ventura said that Eni Indonesia exercised the first of four optional wells in Indonesia for the 2012-built semisub SSV Catarina. The exercise of this first optional well is expected to keep the rig utilised into the […]
Modec and Carbon Clean team up on FPSO carbon capture
Floater expert Modec has signed a memorandum of understanding with Carbon Clean Solutions for the development and deployment of FPSO-based offshore post-combustion carbon capture technologies. The agreement seeks to accelerate the deployment of Carbon Clean’s onboard carbon capture solution for Modec-designed FPSOs. The work under the deal will take Carbon Clean’s rotating packed bed CycloneCC […]
Dutch firm orders MPV for subsea and renewables work
Dutch-based firm Van Wijngaarden Marine Services has signed a letter of intent with the Kooiman Marine Group for the design and construction of a next-gen DP2 multi-purpose vessel (MPV). The vessel will have a diesel-electric hybrid propulsion system with the latest IMO Tier III emissions and ultra-low emission vessel compliance. The yet unnamed 47m MPV […]
Capesize S&P activity drops around 48%
Written by Rebecca Galanopoulos, Senior Content Analyst at Veson Nautical Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter rates and asset values for the Capesize segment. The data visualisations underscore the importance of tracking orderbook activity as a key driver of future fleet supply. This supply, in turn, directly impacts […]
Transpacific container rates starting to spike on demand surge
Logistics markets and supply chains faced another confusing, dramatic few days last week as the US Court of International Trade ruled that President Trump wrongly invoked the International Emergency Economic Powers Act to apply reciprocal tariffs on a long list of countries and other tariffs on Mexico, Canada and China targeting fentanyl smuggling. The ruling […]
BIMCO develops standard clause addressing USTR uncertainties
BIMCO, the world’s largest shipping association, has initiated the development of a standard industry clause to address contractual uncertainties arising from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports. The USTR has announced actions to impose fees on ships calling at US ports that are […]
Port of Toulon marks major milestone with shore power installation
The Port of Toulon has successfully commissioned France’s largest shore power system, developed and delivered by a consortium led by ABB in collaboration with Eiffage Construction and Fauché. Fully operational since February 13, the system is currently undergoing final acceptance testing. This state-of-the-art installation represents a transformative step in maritime sustainability, enabling the French port […]
How to Choose the Right Contractor for Gutter Installation in Boston?
When it comes to protecting your home from water damage, a well-executed gutter installation is not just a luxury, it’s a necessity. Your gutters serve as the first line of defense against water pooling around the foundation, damaging siding, or flooding basements. That’s why choosing the right contractor for your roof gutters installation project is […]
Wincanton accelerates net zero ambitions with deployment of 24 electric HGVs
Wincanton has announced the first wave of 24 new electric heavy goods vehicles (HGVs) joining its fleet this year, marking a key step towards its goal of achieving net zero carbon emissions by 2040. Supplied by DAF Trucks, Volvo Trucks, and Renault Trucks, the fleet is capable of operating at over 40 tonnes and is […]
Carsten Rehder lines up more newbuilds in India
German shipowner Carsten Rehder Schiffsmakler und Reederei is further strengthening its ties with India’s Garden Reach Shipbuilders and Engineers (GRSE), signing a new memorandum of intent for four additional multipurpose (MPP) dry cargo vessels. The agreement, signed during the Nor-Shipping event in Oslo, brings the total number of 7,500 dwt MPP ships ordered by Carsten […]