Vermilion Energy Sells US Assets for $87mil
Vermilion Energy will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market.The transaction, expected to close in the third quarter, will allow Vermilion Energy to focus on core gas-weighted assets in Canada and Europe.
Petronas to Cut 10% of Workforce, Denies Exiting Canada
Malaysian state energy firm Petroliam Nasional, or Petronas, will retrench about 10% of its workforce in a restructuring exercise, its chief executive said on Thursday.Tengku Muhammad Taufik also denied at a media briefing that the state firm was exiting its business in Canada.Local media has previously reported Petronas as saying it needed to "rightsize" its workforce to ensure the company's survival in the coming decades.Petronas has nearly 50,000 employees, according to its website.Bloomberg
Obituary: A Personal Reflection on “Shipping Legend” Jim Lawrence
“Shipping is a people business”, so the saying goes. Jim Lawrence, who passed away at the beginning of June, truly embodied that. Certainly, he was a great participant at maritime events. When not up on the podium serving as the moderator, he would be walking around, shaking hands, talking about a particular transaction or development (and, sometimes, the intrigue behind it), along with everything that goes along with networking.
Procurement Launched for Northern Isles Freight Vessels
Procurement is underway for two new freight flex vessels to serve the Aberdeen to Kirkwall/Lerwick Route.The new vessels will replace the Hellier and Hildasay, on the service operated by Serco NorthLink Ferries.The freight flex ferries will provide extra freight capacity and capability for quicker crossings on the routes. They will also have the flexibility to allow space for up to 200 passengers to…
Mitsubishi Shipbuilding, Elomatic Sign Framework Collaboration Agreement
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has initiated discussions on business collaborations with Elomatic Oy, a Finnish engineering and consulting firm, in the maritime engineering field. The Company will continue to build strategic partnerships globally to incorporate external expertise through partnering efforts and deliver its technologies, products and services…
Alfa Laval Offers First Fuel-Flexible Marine Boilers
Driven by the need for decarbonization and to advance fuel flexibility, Alfa Laval presents the first fuel-flexible marine boiler solutions that can be delivered as electric hybrid or hybrid-ready boilers. This supports shipowners in reducing emissions, saving fuel, and staying ahead of evolving green port regulations. The new Aalborg boilers can be delivered as hybrid and hybrid-ready solutions, with both combustion and electric capabilities.
Kongsberg Maritime Launches K-Sail Wind-Assist Solution
Kongsberg Maritime has launched K-Sail, a new service that helps vessel owners choose and integrate wind-assist technology effectively.Wind-assist technology has rapidly gained popularity and variety over the past few years as ship owners seek ways to reduce fuel consumption and emissions. The new K-Sail service helps owners navigate the complexities of adopting wind-assist technology by focusing on…
Megamas Contracts Ulstein Design & Solutions AS For Cable-Laying Vessel Design
Megamas Resources announced a ship design contract with Norway-based Ulstein Design & Solutions AS to start the engineering phase on a fiber-optic cable-laying vessel (CLV) planned to be built at the Lloyd Werft Bremerhaven GmbH.Capt. Tiew Sien Kheng, managing partner at Megamas, disclosed the contract at Ulstein's booth at the Nor-Shipping exhibition this week."Ulstein Design & Solutions AS, together with Lloyd Werft…
RIX Industries Partners With Sumitomo Heavy Industries to Expand Access to Technologies
RIX Industries, a leader in advanced gas compression and generation technologies, announced a service alliance agreement with Sumitomo Heavy Industries Ltd (SHI). Under the agreement, SHI will serve as a key partner in expanding access to RIX Industries’ high-performance piston compressors and gas generators, delivering tailored solutions for a wide range of vessel types and offshore applications.
Seaspan Returns HMCS Calgary to Royal Canadian Navy After Docking Work Period
On May 22, 2025, Seaspan Victoria Shipyards delivered HMCS Calgary back to the Royal Canadian Navy, marking the successful completion of the second full Docking Work Period (DWP) under Seaspan’s Halifax-Class Work Period (HCWP) contract.The DWP for HMCS Calgary represents the largest ever completed at Victoria Shipyards and stands as a testament to the coordinated efforts of Seaspan’s workforce and our partners at the Royal Canadian Navy…
Höegh Evi, Aker BP Secure DNV Approval for Next-Gen CO2 Carrier
Höegh Evi and Aker BP have secured an Approval in Principle (AiP) from DNV for a next-generation liquefied CO2 (LCO2) carrier.The vessel, developed in Norway by Höegh Evi, Aker BP and Moss Maritime, is designed to transport captured CO2 safely and cost-efficiently from European industrial emitters to offshore sequestration sites on the Norwegian Continental Shelf (NCS).DNV’s Approval in Principle includes a comprehensive assessment of the vessel’s design…
Propane Powers WBCT’s Port Tractor Fleet to 50% Fuel Savings
Propane is a fossil fuel, but it is a clean fuel that is more easily adaptable to port and maritime operations as compared to most other non-conventional future fuel. Jim Bunsey, Senior Manager, Business Development, Propane Education Research Council (PERC), discusses with Maritime Matters: The Marinelink Podcast, the operational value and environmental benefits of switching to propane. Specifically…
Dutch Firm Orders New Multi-Purpose Vessel for Subsea and Renewables Work
Van Wijngaarden Marine Services has signed a Letter of Intent (LOI) with Kooiman Marine Group for the design and construction of a next-generation DP2 multi-purpose vessel (MPV).The 4716 MPV will incorporate the latest in IMO Tier III emissions and ULEV (Ultra Low Emission Vessel) compliance, featuring diesel-electric and hybrid propulsion system.The vessel will be 47 meters long, with the beam of…
DNV Gives Its Blessing to HD Hyundai Mipo’s Second-Gen LR2 Tanker Design
DNV has issued an Approval in Principle (AiP) to HD Hyundai Mipo for a new second-generation LR2 tanker design featuring a hydraulically driven cargo pumping system from Framo.The new design has the potential to significantly enhance safety, cargo handling performance, and energy efficiency, according to DNV.The key feature of the new design is the elimination of the traditional pump room. This not only increases cargo capacity…
Allseas Takes Aim at Nuclear Power for Energy-Intensive Vessels
Dutch offshore contractor Allseas has launched a five-year plan to design, develop and deploy a Small modular reactor (SMR) tailored for integration into offshore vessels and for onshore use.Building on 40 years of engineering expertise in the offshore energy industry, Allseas move into nuclear marks the next bold step aimed at delivering clean, high-performance energy systems to sea and shore.Allseas has selected High-temperature gas-cooled reactors (HTGRs) in the 25 MWe range…
NOAA 'Fully Staffed' with Forecasters, Scientists
U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is "fully staffed" with weather forecasters and scientists after concerns were raised about some offices losing 24-hour staffing ahead of hurricane season."We are fully staffed with forecasters and scientists. Under no circumstances am I going to let public safety or public forecasting be touched…
Icebreaker Storis Departs on Maiden Voyage
The U.S. Coast Guard Cutter Storis (WAGB 21), the Coast Guard’s first polar icebreaker acquired in more than 25 years, has departed on its maiden voyage.The motor vessel Aiviq, acquired Dec. 20, 2024, from an Edison Chouest Offshore subsidiary, was renamed Storis following modifications to enhance communications and self-defense capabilities.The vessel will expand U.S. operational presence in the Arctic…
ABS Approves Novel Designs to Manage Boil-Off Gas
ABS issued approval in principle (AiP) to HD Hyundai Heavy Industries (HD HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for a new design of a cargo handling system and fuel gas supply system.Named Hi-ecoGAS and Hi-neoGAS, the systems are designed to handle boil-off gas in dual-fuel engines on gas carriers. The innovative approach has an optimized fuel gas supply system for feeding the fuel gas to the dual-fuel engine…
GTT Unveils Slim Cargo Containment Systems for Ethane Transport
GTT has received two Approvals in Principle (AiP) from Bureau Veritas Marine & Offshore (BV) for its ethane-optimized cargo containment systems: Mark III SlimTM and NO96 Slim TM.Building on its well-established Mark III and NO96 membrane technologies, GTT has developed these slim variants specifically to accommodate the physical properties of petrochemical cargoes. The optimizations help maximize cargo…
ABS Approves LCO2 Carrier Concept from KNCC
ABS has issued approval in principle (AiP) to Knutsen NYK Carbon Carriers (KNCC) for its design for a 40,000 cbm liquefied carbon dioxide (LCO2) carrier.A first in the industry, the LCO2-EP carrier concept from KNCC aims to transport and store LCO2 at near ambient temperatures and under elevated pressure using a modular approach, allowing less cooling and potentially larger carriers for transport.ABS…
