A Successful Inspection Of Vessels

After a successful inspection by the National Maritime Safety Authority (NMSA), nine out of nineteen vessels were detained in the provinces of West and East Sepik as reported by Loop. Inspection  The inspection took place last...

Ethical Hackers Save $27B In Cybercrime

The report is based on a survey of the platform’s users and security research conducted from May 2020 to August 2021, in addition to millions of proprietary data points collected on vulnerabilities from...

Höegh LNG Partners Gets $4.25/unit Buyout Offer

Norway’s Höegh LNG has proposed to acquire all publicly held common units of Höegh LNG Partners in exchange for $4.25 in cash per common unit, reports Splash 247. About the transaction If approved, the transaction would...

LNG Shipping Stocks: Uncertainty Remains But Direction Seems Chosen

The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, lost 0.28% last week. US stocks represented by the S&P 500 Index lost 1.22%. Uncertainty remains among shares of...

LNG-ZERO Concept Receives Subsidy

Dutch maritime consortium has received financial aid for the LNG-ZERO concept, an ambitious research project originally introduced by TNO, says an article published in Offshore Energy. LNG-ZERO research project LNG-ZERO is an ambitious research project, in addition to international carbon...

Largest-ever $3M Ship Wreck is ‘Definitely low,’ Claims Eco-group

The largest-ever $3M fine involving Golden Ray is ‘definitely low,' reports wrdw quoting a conservation group. $3 million ship wreck fine  A $3 million environmental fine assessed in the Golden Ray ship wreck is the largest...

Samsung Wins Order Worth $622m

South Korean shipyard Samsung Heavy Industries (SHI) has received orders for three new LNG carriers that total $622 million (733.9 billion won), says an article published in Offshore Energy. About the contract and delivery The delivery...

Wärtsilä Teams Up With Microsoft To Industrialise Marine IoT

Wärtsilä Voyage has entered into a strategic partnership with Microsoft to accelerate its efforts towards industrialising IoT for shipping through a highly scalable cyber-secure platform, reads the official website. Commercializing marine IoT Through an integration with...

ABS Grants Alfa Laval First Marine AiP

The most natural choice for boilers is to fire them with the vessel’s primary fuel, but methanol’s low-flashpoint nature and the differences in its energy density require a new approach to the burner...

[Watch] Wave Energy Converter Dry Test Rig

The world's largest wave energy converter test rig. With 7.2MW power the test rig can simulate waves from anywhere in the world. Disclaimer: This video is intended for informational purpose only. This may not be...