Industry News

Neom Completes Financial Close of the Biggest Green Ammonia Project

NEOM Green Hydrogen Company (NGHC) declares that it has completed financing for a mega green hydrogen production facility in Saudi Arabia with a total investment of $8.4 billion. Specifically, this facility is currently under construction in Oxagon in the NEOM region of Saudi Arabia. NGHC also entered into an engineering, procurement, and construction (EPC) contract […]

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Red Sea Hostility Triggers A Spark In Shipping Insurance

Blogs, Industry News / admin

Bloomberg reported that insurance costs for ships transiting the Red Sea are rising amid the growing threat of Houthi attacks in Yemen. Already designated as a hazardous area for commercial shipping by the U.S. Navy insurance barriers further exacerbate trade problems across the vital waterway. Since the United States and Britain launched coordinated airstrikes against

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AD Ports, CMA CGM, and Ecocean Conserve Marine Biodiversity at Khalifa Port

Industry News / admin

AD Ports Group (AD Ports), CMA CGM Group, and aquatic biodiversity company. Ecocean has signed a scientific cooperation framework to install 48 bio-huts at Khalifa Port. The Biohut module is an underwater structure designed to restore biodiversity. And also promotes marine life reproduction in coastal and port environments. This module is designed to provide a

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Crew Head For Lifeboats After Us-linked Bulker Damaged In Suspected Houthi Attack

Industry News, Merchant Navy Info / admin

A US-linked bulk carrier has been struck in a suspected Houthi missile attack. The incident took place in the Gulf of Aden. Some crew members were spotted in lifeboats after abandoning the ship. According to security reports, seafarers in the area reported a loud bang. A large plume of smoke was seen after the Houthi

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Iran Seizes US Oil Cargo in Persian Gulf

Industry News / admin

The episode took place following a court order after the Iranian EB patients filed a complaint against the United States.The Iranian EB patients filed a complaint against the US due to the sanctions imposed on Iran. They prevent the import of the drugs they need. The court ordered the authorities to seize US oil cargo

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Unclaimed Arctic Gas Carriers Threaten Russia’s LNG Expansion

Industry News / admin

Ever-tighter sanctions against Moscow have left a South Korean shipbuilder working to find buyers for specialized vessels planned to serve Russia’s newest liquefied natural gas facility, threatening to delay exports from the Arctic project. Russia’s Sovcomflot PJSC ordered the vessels in 2020, specially tailored for use at the Novatek PJSC-led Arctic LNG 2 export plant above the Arctic

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Perenco Brings on New Production at Southern North Sea Hub

Industry News, Merchant Navy Info / admin

Drilled during Q4 2023, the C06 well will produce 20-40 billion cubic feet of gas from a previously undrilled block on the area’s Northeastern edge. Drilled during Q4 2023, the well was constructed by the Valaris 247 rig. It had flow rates of 12 million standard cubic feet daily (2kboepd). It sent dry gas to

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12 Stunning Aerial Photos Showing Tour Of Portsmouth Area Through Time

Industry News, Merchant Navy Info / admin

Chris Brunnen published a set of photographs, Portsmouth Area: an Aerial Tour Through Time, which contains snapshots taken by helicopter of the city and the broader area. Including Havant, Gosport, Lee-on-the-Solent, Fareham, and up the A3 to Waterlooville. Among the 260 photos are shots from the 1950s and ‘60s taken by Jim Bramble. Chris’ school teacher in the 1970s, compared to Chris’

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NYK inks deal for Construction of Ammonia-Powered Ammonia Gas Carrier

Industry News / admin

Nippon Yusen Kaisha, Ltd. (NYK), Japan Engine Corporation, IHI Power Systems Co., Ltd., And Nippon Shipbuilding Co., Ltd. sign a contract to build the world’s first ammonia-fueled medium-sized gas carrier. (AFMGC) equipped with a Japanese-made engine. However In October 2021, the New Energy and Industrial Technology Development Organization (NEDO). A national research and development agency

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Singapore Registry of Ships reaches 100 million gross tonnage

Industry News / admin

The Singapore Ship Register (SRS) has reached the 100 million gross tonnage (GT). Threshold with the registration of AET’s Very Large Crude Carrier (VLCC) Eagle Veracruz. Managed by the Maritime and Port Authority of Singapore (MPA). The SRS regulates Singapore-flagged ships and ensures compliance. With relevant International Maritime Organization (IMO) standards, ensuring the safety and

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Neom Completes Financial Close of the Biggest Green Ammonia Project

Red Sea Hostility Triggers A Spark In Shipping Insurance

AD Ports, CMA CGM, and Ecocean Conserve Marine Biodiversity at Khalifa Port

Crew Head For Lifeboats After Us-linked Bulker Damaged In Suspected Houthi Attack

Iran Seizes US Oil Cargo in Persian Gulf

Unclaimed Arctic Gas Carriers Threaten Russia’s LNG Expansion

Perenco Brings on New Production at Southern North Sea Hub

12 Stunning Aerial Photos Showing Tour Of Portsmouth Area Through Time

NYK inks deal for Construction of Ammonia-Powered Ammonia Gas Carrier

Singapore Registry of Ships reaches 100 million gross tonnage

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