krogragg

Category: United Kingdom

  • Containership likely to sink after North Sea collision

    Containership likely to sink after North Sea collision The Solong containership involved in Monday’s collision in the UK North Sea is unlikely to remain afloat, British maritime minister Mike Kane has said. “Modelling suggests that should Solong remain afloat, it will remain clear of land for the next few hours. The assessment of HM Coastguard…

  • Fires continue to burn in North Sea following yesterday’s ship collision

    Fires continue to burn in North Sea following yesterday’s ship collision The search for a missing crewmember from the containership Solong that struck the tanker Stena Immaculate in the UK North Sea has been called off as fires aboard both ships continued to burn overnight. The 140-m-long Solong, owned by Hamburg-based Ernst Russ, hit the…

  • Massive fire erupts as tanker and boxship crash off UK coast

    Massive fire erupts as tanker and boxship crash off UK coast A major rescue operation is underway in the North Sea after a product tanker and a containership crashed and caught fire off the coast of Hull in east Yorkshire, UK. A US-flagged MR tanker Stena Immaculate was struck by the Portugal-flagged containership Solong while…

  • Royal HaskoningDHV expands with Arch Henderson buy

    Royal HaskoningDHV expands with Arch Henderson buy Engineering consultant firm Royal HaskoningDHV has acquired Scotland-based maritime engineer company Arch Henderson. By bringing Arch Henderson on board, Royal HaskoningDHV significantly strengthens its UK business to over 800-strong. The companies did not disclose financial information about the buy. Arch Henderson will retain its brand name in the…

  • Sedna buys workflow automation platform Flytta

    Sedna buys workflow automation platform Flytta UK-based technology firm Sedna has acquired Flytta, an AI-powered workflow automation platform for global trade and supply chains for an undisclosed sum. Flytta originated as an in-house solution at Casper Shipping, designed to streamline internal operations before being further refined and commercialised by Seer. Flytta’s Customs Import and Export…

  • Carisbrooke seals $27m newbuild financing

    Carisbrooke seals $27m newbuild financing UK owner Carisbrooke Shipping has secured financing for its newbuilding programme in the Netherlands. Germany’s KfW IPEX-Bank is backing the construction of two 7,700 dwt general cargo vessels at Thecla Bodewes Shipyards with around €26m ($27.3m). The ships in the so-called Labrax series have modern diesel-electric propulsion, with an option…

  • Jan De Nul heavy lift vessel set for work on Scottish offshore wind farm

    Jan De Nul heavy lift vessel set for work on Scottish offshore wind farm Belgian marine contractor Jan De Nul will provide its 2023-built heavy lift vessel Les Alizés to transport and install the monopile foundations on the Inch Cape wind farm offshore Scotland. The wind farm will comprise 72 turbines sited in the North…

  • BP cuts renewables investments by $5bn, sets sights firmly on oil and gas

    BP cuts renewables investments by $5bn, sets sights firmly on oil and gas UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the company’s underperformance compared to its main rivals…

  • Marcura expands with HubSE acquisition

    Marcura expands with HubSE acquisition Maritime tech firm Marcura has acquired UK-based tanker demurrage claims automation provider HubSE. HubSE’s specialised oil and chemical tanker expertise will be integrated into Marcura Claims, formerly ClaimsHub. Their combined capabilities will deliver a comprehensive claims management experience with both fully managed and self-service solutions. The acquisition of HubSE reinforces…

  • UK blacklists 40 shadow fleet ships

    UK blacklists 40 shadow fleet ships The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of the…

  • Wood nets $120m engineering extension with Shell in the UK

    Wood nets $120m engineering extension with Shell in the UK Consulting and engineering firm Wood has been awarded a contract extension by energy supermajor Shell for work on onshore and offshore assets across the UK. The $120m contract extension was awarded by Shell UK Limited for brownfield engineering, procurement, and construction. The two-year, cost-reimbursable contract…

  • Altera sells FPSO to newcomer owner Amplus Energy

    Altera sells FPSO to newcomer owner Amplus Energy UK floater player Altera Infrastructure has sold its FPSO unit Petrojarl I to Aberdeen-headquartered Amplus Energy. Described as the most deployed FPSO in history, the 1986-built vessel is changing hands for an undisclosed sum after completing its charter with Enauta at the Atlanta field in Brazil’s Santos…

  • Helix secures Hornsea 3 contract

    Helix secures Hornsea 3 contract Helix Energy’s marine contracting business unit, Helix Robotics Solutions has been hired by Seaway7 the renewables unit of Oslo-listed Subsea7 for the burial of inter-array cables at Ørsted’s Hornsea 3 offshore wind farm in the UK. The project scope, which will be managed from Helix’s offices in Aberdeen, includes the…

  • Well-Safe Solutions adds to Dutch North Sea backlog

    Well-Safe Solutions adds to Dutch North Sea backlog Decommissioning specialists Well-Safe Solutions has secured more work for Eni across its assets in the Dutch sector of the North Sea. The Italian energy major has recently exercised another 90-day option for the Well-Safe Protector jackup under a newly agreed contract amendment. The work on subsea and…

  • Wallenius SOL buys Mann Lines

    Wallenius SOL buys Mann Lines Sweden’s Wallenius SOL has acquired British roro outfit Mann Lines adding new offices in Estonia, Latvia, and the UK, while increasing its presence in Finland, Germany, and Benelux.  “This strategic move will enable us to offer a broader range of solutions tailored to customer needs. By combining our strengths, we…

  • Rem Offshore scores PSV fixture

    Rem Offshore scores PSV fixture Norwegian offshore vessel player Rem Offshore has secured a PSV contract from Eni in the UK North Sea. The company’s 2011-built Rem Supplier has been fixed for around 300 days, according to brokers in Norway and the UK. The vessel will support the jackup rig Valaris Norway on a two-well…

  • New report highlights shipping’s weak position within the global energy transition

    New report highlights shipping’s weak position within the global energy transition A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with…

  • Lloyd’s List Intelligence buys Infospectrum

    Lloyd’s List Intelligence buys Infospectrum Maritime data and analytics business Lloyd’s List Intelligence has acquired counterparty risk provider Infospectrum. Established in 1999, Infospectrum provides due diligence, credit reporting and risk management consultancy services for the shipping and commodity sectors. The UK-based outfit counts about 50 analysts and more than 1,000 clients.  The move is expected…

  • Bibby Marine selects new yard for electric CSOV newbuild

    Bibby Marine selects new yard for electric CSOV newbuild UK shipowner Bibby Marine has found a new shipbuilder in Spain for its electric commissioning service operation vessel (eCSOV). The contract for the innovative eCSOV has been moved from Gondan Shipbuilders to shipyard Armon after the project timelines were unable to be fulfilled, the company told…

  • Navigator snaps up three ethylene carriers

    Navigator snaps up three ethylene carriers New York-listed Navigator Holdings has agreed to buy three liquefied ethylene carriers complementing the recently expanded export terminal at Morgan’s Point in Texas. The world’s top player in the handysize LPG carrier segment is buying the German-built 17,000 cu m trio from an unnamed seller for $83.9m. The vessels…

  • ASCO scores $88m contract in Norway

    ASCO scores $88m contract in Norway Aberdeen-based energy logistics group, ASCO, has won a contract from Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The deal covers base and logistics services as well as continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination. The potential total…

  • Windward to be acquired by US investor FTV Capital for $270m

    Windward to be acquired by US investor FTV Capital for $270m London-listed Israeli predictive maritime intelligence firm Windward is set to be acquired by US investment firm FTV Capital in a deal valued at £216m ($270m) million. Windward will be bought out by Octopus UK Bidco, a subsidiary of FTV Capital’s investment fund at 215p…

  • Baltic Exchange names new chairman

    Baltic Exchange names new chairman Guy Hindley has been appointed as the new chairman of the Baltic Exchange Council. Hindley takes over on January 1 from Lord Jeffrey Mountevans, who has held the position for the past two years.  Hindley has been on the Baltic Exchange Council since January 2019 and is the managing partner…

  • Thomas Kazakos appointed ICS secretary general

    Thomas Kazakos appointed ICS secretary general The International Chamber of Shipping (ICS) has appointed Thomas Kazakos as its next secretary general. The director general of the Cyprus Shipping Chamber since 1995 will replace Guy Platten, who will be stepping down at shipping’s top lobby group in June next year after holding the position for nearly…

  • Giant 400,000 dwt VLOC sets new wind installation record

    Giant 400,000 dwt VLOC sets new wind installation record Anemoi Marine Technologies has completed the installation of five rotor sails onboard the 400,000 dwt VLOC Sohar Max making it the largest vessel to receive wind propulsion technology to date. Sohar Max is a first-generation Valemax, built in 2012 in China’s Rongsheng shipyard, and owned by…

  • Insurance checks instituted for Russian shadow fleet passing through the Baltic

    Insurance checks instituted for Russian shadow fleet passing through the Baltic A number of European nations have followed the lead taken by the UK in demanding insurance details from Russian-linked ships passing through their waters, something that is expected to put pressure on Russia’s exports through the Baltic.  The UK started this crackdown in October,…

  • Ineos buys CNOOC’s US assets

    Ineos buys CNOOC’s US assets Ineos Energy has acquired the Gulf of Mexico business held by the US subsidiary of Chinese company CNOOC International Limited. The deal increases Ineos’ production globally to over 90,000 barrels of oil equivalent per day. These assets in the Gulf of Mexico are the third major investment by the company…

  • Kosmos Energy confirms takeover talks with Tullow Oil

    Kosmos Energy confirms takeover talks with Tullow Oil US oil and gas player Kosmos Energy has confirmed that it is in preliminary discussions to take over the UK-based independent exploration firm Tullow Oil. Both companies issued statements which confirmed the discussions after media reports speculated on the possibility of the deal happening. Kosmos said in…

  • Star Capital becomes majority stakeholder in subsea equipment provider

    Star Capital becomes majority stakeholder in subsea equipment provider UK private equity firm STAR Capital Partnership (STAR) has become the new majority shareholder in Subsea Technology & Rentals (STR). The investment will enable STR to further evolve its equipment and service offering through organic and acquisition-led growth. It will also expand the company’s geographical presence to…

  • Wood signs three new deals with BP for worldwide engineering services

    Wood signs three new deals with BP for worldwide engineering services UK consulting and engineering firm Wood has signed three major agreements with oil major BP to provide engineering and project delivery services for their capital projects worldwide. The contracts cover a new master services agreement for engineering, procurement, and construction management (EPCm) services as…

  • Shipping heavyweights invest in UK decarbonisation firm

    Shipping heavyweights invest in UK decarbonisation firm US-based shipbroker and consulting group McQuilling Partners has joined the growing list of marine industry heavy hitters backing the UK-listed green decarbonisation pioneer SulNOx. McQuilling is investing in a new funding round led by SulNOx’s largest shareholder Constantine Logothetis and Norway’s shipowner Nistad Group after the UK firm’s…

  • Petrofac extends charter for DDW Offshore AHTS

    Petrofac extends charter for DDW Offshore AHTS Norway’s DDW Offshore, a subsidiary of Akastor, has been awarded a six-month extension for an anchor handling tug supply (AHTS) vessel from Petrofac. The extension will keep the contract term for the AHTS Skandi Emerald employed to July 14, 2025. Initially, the contract was awarded to the Skandi…

  • Freight Investor Services appoints new CEO

    Freight Investor Services appoints new CEO Freight Investor Services (FIS), a London-based freight and commodity brokerage, has appointed George Dranganoudis as its new CEO. John Banaszkiewicz will continue in his role as chairman. With over 30 years of experience in the financial services industry, Dranganoudis most recently served as deputy CEO at TP ICAP. Banaszkiewicz,…

  • Sedna buys email management specialist Nordic IT

    Sedna buys email management specialist Nordic IT UK-based technology firm Sedna, whose platform helps maritime companies streamline communication, has acquired Copenhagen-headquartered email management specialist Nordic IT. Sedna said the move reinforces email’s position as the primary protocol in maritime while advancing the company’s delivery of AI-powered, connected solutions for the industry. “By bringing Nordic IT…

  • TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field

    TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field French energy major TotalEnergies has awarded TechnipFMC and Saipem billions in contracts for its GranMorgu project in Block 58 offshore Suriname. TechnipFMC’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The company will also supply umbilicals,…

  • OEG Renewables seals five-year bareboat deal for CTV newbuild

    OEG Renewables seals five-year bareboat deal for CTV newbuild OEG Renewables, part of Aberdeen-based offshore contractor OEG Energy, has moved to further bolster its offshore wind support fleet with a crew transfer vessel newbuild from Diverse Marine. The company has struck a deal with the shipbuilder on the Isle of Wight to bareboat charter a…

  • Kpler expands with Spire Maritime acquisition

    Kpler expands with Spire Maritime acquisition Maritime data provider Kpler has acquired satellite-powered, global vessel tracking data firm Spire Maritime. By integrating Spire Maritime’s technology and AIS feed, Kpler wants to expand its data reach, offering comprehensive visibility across open oceans. Kpler said that the transaction was expected to close by the first quarter of…

  • Seaway 7 wins cabling work on East Anglia Two offshore wind farm

    Seaway 7 wins cabling work on East Anglia Two offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia Two offshore wind project. ScottishPower Renewables’ £4bn ($5.16bn) East Anglia Two offshore wind farm…

  • Cadeler seals UK offshore wind deal

    Cadeler seals UK offshore wind deal Copenhagen-headquartered offshore wind vessels player Cadeler has inked a firm deal with ScottishPower Renewables to transport and install wind turbine generators and foundations for the East Anglia Two project off the coast of the UK. The BW Group and Scorpio-backed owner and operator said the contract is worth between…

  • Baltic Exchange rolls out platform for real-time freight intelligence

    The Baltic Exchange has together with digital platform developer Zuma Labs launched a new product that delivers real-time Baltic Exchange indices and FFA (freight forward agreement) prices to shipping professionals. The new platform called Baltic Exchange View has been designed specifically to meet the needs of brokers, charterers, and shipowners for instant access to critical…

  • TechnipFMC and Prysmian link up on floating offshore wind

    New York-listed subsea player TechnipFMC and Italian cabling giant Prysmian have joined forces to work together on global floating offshore wind projects. A collaboration agreement will see the two companies aim to pioneer a subsea water column solution “from seabed to ocean surface”, joining TechnipFMC’s design and integration capacities with Prysmian’s submarine power cable systems.…