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ABS granted approval in principle (AIP) to Value Maritime (VM) for its Carbon Capture System onboard seagoing vessels. The Filtree System - a prefabricated gas cleaning system that filters sulfur and 99% of particulate matter - includes a Carbon Capture Module that captures the CO2 onboard in a battery container.Value Maritime’s CCS technology is designedd  too allow vessels to capture up to 40% of CO2 emissions, with the potential of exceeding 90% in the future.The Filtree System has already been installed on over 20 vessels…

Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said.Sawan will from January take on a firm with a strong balance sheet after a surge in oil and gas prices, but whose renewables capacity has lagged peers like TotalEnergies and BP as green issues come increasingly into vogue. Shell aims to halve its greenhouse gas emissions by 2030 and to become a net-zero emitter by 2050…

Leading British ports operator Peel Ports aims to become net zero of carbon emissions at all its operations by 2040 and is exploring hydrogen fuel solutions for some of its energy needs, the private group's chief executive said.Britain has said it is committed to reaching net zero emissions by 2050, and finance minister Rishi Sunak told companies this week to set out plans by 2023 for a transition to a low-carbon economy.Mark Whitworth, CEO of Liverpool-headquartered Peel Ports…

Crowley Maritime Corporation announced it has appointed Massimo Messina as vice president, mergers and acquisitions (M&A).Based in Jacksonville, Fla., Messina will lead Crowley’s corporate expansion goals by identifying and assessing potential M&A candidates and execute transactions that align with the global enterprise’s future growth projection and endeavors across all business units.“Massimo has the vision and experience needed to source and obtain target opportunities to integrate into our business model and help keep Crowley on the cutting edge as a leader of our industry…

Brazilian maritime logistics and port operator Wilson Sons has accepted the resignation of Cezar Baião from the position of CEO of Operations in Brazil, effective from March 5, 2021. The company has this week said that its board has accepted the nomination and decided to appoint Fernando Fleury Salek as CEO of Operations in Brazil.Salek has acted as CFO of the company's Brazilian subsidiaries and Head of Investors Relations for the past five years. He is an economist having graduated from PUC-Rio with a specialization in Corporate Finance, International Finance, and Marketing.

Oil company Shell has extended the charter for Altera Infrastructure's FPSO Petrojarl Knarr FPSO, operating at the Knarr field offshore Norway.The FPSO owner, which recently rebranded from Teekay Offshore to Altera, said the extension with Shell would keep the FPSO busy in the Norwegian section of the North Sea until at least March 2022.The FPSO has been in operation on the Knarr field since 2015 under a firm duration until March 2021, which included a further fee payable by the Shell if the contract was not extended through to 2025 and with additional extension options.The contract amendment includes a reduction in day rate from March 2021 to March 2022 and the removal of the fee payable by Shell if the contract was not extended…

Houston-based Castleton Resources said that its subsidiary Castleton Commodities International LLC (CCI) has closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of BG US Production Company LLC, a subsidiary of Royal Dutch Shell plc. Pro forma for the acquisition, Castleton Resources will hold approximately 222,400 net acres in the region and produce approximately 334 MMcfe/d (net). Castleton Resources is owned by CCI and Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. Concurrent with the transaction, Tokyo Gas America Ltd. will increase its interest in Castleton Resources from 30% to approximately 46%.

German construction and machinery manufacturing firm Bauer Spezialtiefbau has tested onshore piles at the Saint-Brieuc offshore wind project in France to gather data for the design of foundations.The engineering outfit  designed, installed and tested a total of 14 drilled and grouted piles at the Routin Quarry near Cap Fréhel, Brittany, under a contract signed with project developer Ailes Marines last year.“The aim of the onshore tests was to obtain important friction values for the foundation of the planned offshore wind farm,” explained Paul Scheller, head of Underwater Foundations at Bauer Spezialtiefbau.“This will be the first commercial application for this type of piles worldwide.

For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes of operation are entering the underwater domain for oil and gas operations and…

Silver Ships, Inc. has announced its collaboration with industry vendors in the creation of an aluminum demonstration yacht tender. The 36-foot demo boat is designed and manufactured to serve the purpose of supporting a large yacht with comfortable seating for up to 10 passengers.The vessel is an Ambar series Rigid Hulled Inflatable Boat (RHIB) equipped with an extended, enclosed center console with forward cuddy (with boat head). It is outfitted to satisfy the need for versatility in both recreational and commercial use…

A.P. Moller - Maersk, an integrated container logistics company, announced that it is moving its  North-East England coverage from Immingham to Hull.The existing connection between Immingham and continental Europe, will change to Hull, enabling better accessibility for local shippers and offering convenient connection with mainline services."Starting January 12th, 2019, the short sea service, operated by BG Freight and currently calling Immingham, will be moved to Hull Container Terminal in East Yorkshire, also operated by Associated British Ports," said a press release from the Danish shipper.“We are very pleased with the feedback received from our customers…

Greece-based Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene.The global shipping company specializing in the ownership of dry bulk vessels said in a press note that the gross charter rate is US$11,500 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter commenced earlier today.The “Alcmene” is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010.This employment is anticipated to generate approximately…

Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.

International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.

Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter.The deal could value Shell's stake in the Caesar Tonga field at about $1.3 billion, the report said.Shell has a 22.5 percent working interest in Caesar Tonga, with the rest owned by companies including Anadarko Petroleum Corp, Equinor ASA and Chevron Corp, Bloomberg said, citing company filings.Shell and Focus Oil did not immediately respond to a request for comment.(Reporting by Sathvik N in B

A new test project in Norway looks to employ specialty software for the optimization of floating production storage and offloading (FPSO) maintenance.Lloyd's Register (LR) said it is using its RTAMO software to support AkerBP in an effort aiming to optimize maintenance activities for the Skarv FPSO infrastructure and equipment.RTAMO, which stands for Real-Time Adaptive Maintenance Optimization, is a standalone cloud-based software-enabled service that uses predictive algorithms linking planned maintenance to economic and reliability outcomes.

Royal Dutch Shell PLC has officially shelved its plans to build the Prince Rupert LNG project, which had been planned for Ridley Island in British Columbia. However, it  is still considering the potential of its other West Coast LNG option. Shell acquired the Prince Rupert LNG as part of a portfolio of projects in its takeover of natural gas giant BG Group last year. Shell said it decided to discontinue the project after reviewing how it stacked up against its existing options, but  it continues to actively move forward on the proposed Kitimat, B.C.-based LNG Canada project with its partners. “Acquired as part of the Shell and BG Group combination in 2016…

While much of the maritime world slumps, the cruise sector is enjoying its most vibrant growth in a generation. Carnival Corporation, in particular, is doing very well as its financial performance is stronger than ever, with 2016 delivering the best year of earnings in company history. The company’s adjusted earnings for 2016 of $2.6 billion is the best annual financial performance in its 44-year history. With that, Hans Hederstrom, Managing Director give overview of CSMART, one of the newest and richly appointed simulation centers on the planet.

Eighteen ferry terminals are to be constructed in six Indian cities of Varanasi, Patna, Munger, Bhagalpur, Kolkata and Haldia on the National Waterways-I under the Jal Marg Vikas Project (JMVP). The Inland Waterways Authority of India (IWAI) has engaged a consultant for the preparation of a Detailed Project Report (DPR) for the purpose. The consultants have been tasked to identify suitable locations for construction of the ferry terminals. National Water-way-1 has fixed terminals at GR Jetty-2 (Kolkata), Pakur, Farakka (owned by Farakka Barrage Project) and  Patna (Low level and high level). It also have floating terminals in Haldia- 1…

Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$12,250 per day, minus a 5% commission paid to third parties, for a period of minimum 16 months to maximum 19 months. The new charter period is expected to commence tomorrow. The m/v Selina is currently chartered, as previously announced, at a gross charter rate of US$7,100 per day, minus a 5% commission paid to third parties. The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.

With years of austerity in their rear-view mirrors, the world's biggest oil companies are locked in a beauty contest to lure investors with promises of growth and greater rewards. Royal Dutch Shell and Total are emerging as frontrunners after a three-year slump thanks to strong growth projections but Exxon Mobil, the biggest publicly traded oil company, has largely disappointed with a weaker outlook. Major oil companies slashed spending and cut costs after oil prices collapsed…

SENER said that two container ships designed by the Chinese company CIMC ORIC – that are part of a series designed with SENER’s FORAN System – are in operation. BG Diamond and BG Jade that have been launched and are operating in the Pacific Ocean. The vessels were built in Chinese Changhong International Shipyard. The floating ceremony of the first one, BG Diamond, took place in July 2017. The series include 4+4 vessels in total, so there are still six vessels under construction. FORAN system was implemented in this design company in December 2015.