Development Company News

U.S.-based liquefied natural gas (LNG) export infrastructure development company Delfin Midstream has secured key permits and approvals for the construction of LNG projects, under development in Louisiana and offshore in the Gulf of America.On March 21, 2025, Delfin LNG, a subsidiary of Delfin, received a license from the Maritime Administration (MARAD) authorizing Delfin LNG to own, construct, operate, and eventually decommission a deepwater port, to export LNG from the United…

Temile Development Company has signed a contract with HD Hyundai Heavy Industries (HHI) for the construction of one firm plus one optional 88,000 cubic meter very large gas carrier (VLGC).The from HHI is the largest panamax-beam VLGC in the world and will be fitted with an LPG dual fuel main engine and a shaft generator. It features two deck tanks of 900 cbm total capacity, allowing seamless grade changes between propane and butane.The first vessel is expected to deliver in Q1 2028.Temile Development Company is a 100% Nigerian-owned and managed company…

Norwegian-headquartered NAVTOR announced it has acquired specialist software development company Masterloop.“Masterloop provides another piece of the digital puzzle as we continue our mission to make life easier, safer and more profitable for shipping companies worldwide,” said Tor Svanes, NAVTOR Founder and CEO. “The team’s industrial IoT strength and maritime understanding, highlighted by their Bluekey vessel efficiency application, will feed into our drive to enhance our portfolio with intelligent…

Esgian provides an update on rig sales and the shrinking pool of vintage semisubs in its Week 22 Rig Analytics Market Roundup.Report SummaryContractsNoble Corporation has secured a new well intervention contract with Harbour Energy in UK waters of the North Sea for the 350-ft jackup Noble Resilient.Drilling Activity and DiscoveriesThe recently drilled offshore production well at the Kupe oil and gas field in New Zealand is underperforming despite a recent wireline well intervention.BW…

Sweden-based construction and development company Skanska has signed the final contract award, worth $612 million, for the upgrade of the South Brooklyn Marine Terminal (SBMT) in New York, which will serve as an offshore wind hub.The project will transform the SBMT into one of the largest dedicated offshore wind ports in the United States and support Empire Wind offshore wind project, which is currently being developed by Equinor off New York.The award will facilitate the demolition of existing buildings…

Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand. Operations are expected to begin in the second half of 2024, with an unspecified jackup.Drilling Activity and DiscoveriesThe Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for an exploration well in…

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has launched the masterplan for THE RIG – a world-first adventure tourism destination to be built on an offshore platform in the Arabian Gulf.The vision for THE RIG project is to redefine the sea sports and leisure experience while celebrating the legacy of Saudi Arabia's rich oil and gas heritage.The project will be developed by PIF’s subsidiary the Oil Park Development Company (OPDC), under its CEO Raed N.

Singapore-based Cyan Renewables said Wednesday it had signed a Memorandum of Understanding (MOU) to partner with Taiya Renewable Energy, a Taiwanese offshore wind farm development company. Under the MOU, Cyan and Taiya will collaborate to build vessel capacity, including CLV, FIV and WTIV vessels, and work together on deployment in Taiwan and other markets. The MOU also outlines partnerships on key infrastructure like offshore wind supply base, as well as working together to establish new local partnerships and strengthen governmental and industry-academia cooperation in Taiwan…

The offshore substation and jacket foundation, bound for the U.S. offshore wind project Vineyard Wind 1, have left the quay at Bladt Industries’ production site in Southern Denmark, heading for its destination 35 miles from mainland Massachusetts.Sail-away is on time according to the original schedule and is a major milestone for the project team from Bladt Industries, Semco Maritime, and ISC Consulting Engineers.Vineyard Wind 1 is carried out as an EPC contract, with ISC as a subcontractor…

Baltimore-based offshore wind energy development company US Wind, Inc. announced its plan to form a long-term partnership with Haizea Wind Group Management S.L. to manage and operate Sparrows Point Steel, Maryland’s first permanent offshore wind factory in Baltimore County, Maryland. The facility will be available to manufacture steel components for the U.S. offshore wind industry, including monopiles and towers.“The partnership between US Wind and Haizea to lead Sparrows Point Steel will create one of the premier offshore wind industrial facilities in the world…

Hibernia Management and Development Company Ltd. (HMDC), the operator of the Hibernia platform in the Atlantic Ocean offshore Canada, has reported that a near-miss incident occurred on the platform on October 5, 2022.According to HMDC, as reported to safety regulator CNLOPB, on October 5, the platform's personnel were in the process of completing a pressure test of the high-pressure manifold on the Hibernia Platform. Personnel had closed the upper diverter valve when the valve…

A team of Finnish maritime industry partners are developing plans to build a cargo vessel that runs on green ammonia.Shipping company Meriaura, technology company Wärtsilä and green energy project development company Green NortH2 Energy signed a letter of intent (LOI) to develop the cleaner-burning vessel, which will be ordered and operated by Meriaura and equipped with Wärtsilä’s modular multifuel main engines. Green NortH2 Energy is responsible for supplying green ammonia fuel produced with renewable electricity.

Following the Russian invasion of Ukraine, ChartWorld has announced the suspension of ECDIS, chart, and navigation data services to Russian-owned and managed vessels. Current vessels will be provided with chart updates to allow them to reach the next port safely but have been asked to find new suppliers for all future voyages. The group's other companies, including navigation and ENC software development company SevenCs, have also suspended all projects and software deliveries to Russian companies and vessels.Steven Schootbrugge…

Plaquemines Port, Harbor and Terminal District (PPHTD) and APM Terminals have announced a Letter of Intent whereby APM Terminals will become the operator of the newly planned Container Terminal and Intermodal Rail Facility and external parties will be the investor in the new port. Plaquemines Port and their financial partners will manage the financial activities associated with the infrastructure development, investment, and ownership of the port.Governor of Louisiana John Bel Edwards applauded the announcement of the agreement.

Exmar, a company owning gas carriers and FSRU units, has partnered up with Lattice Technology to develop a new type of CO2 carrier."With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy supply, one of the promising fast-track solutions to cover both opportunities Carbon Capture Utilization and Storage (CCUS). To achieve sustainable CCUS projects, there will be a need to transport CO₂ in an economical way and on a very large scale…

Offshore wind (OSW) energy is a new focus for the U.S. under President Biden, who highlighted it in his January 27, 2021 Executive Order on climate. Since then, there have been several new supporting developments:Rulings by the Customs and Border Patrol (CBP);Announcement that workers in Alabama and West Virginia are supplying 10,000 tons of domestic steel for use at a Texas shipyard where Dominion Energy is building the nation’s first Jones Act compliant wind turbine installation vessel;U.S.

NOAA and offshore wind development company Ørsted have signed a memorandum of agreement (MOA) to share physical and biological data in Ørsted-leased waters subject to U.S. jurisdiction. NOAA, said the MOA is the first of its kind with an offshore wind developer and that it anticipates Ørsted’s data will fill gaps in ocean science areas, particularly in ocean mapping and observing, to help meet NOAA missions related to climate adaptation and mitigation, weather-readiness, healthy oceans, and resilient coastal communities and economies.

“…We have built our reputation job by job, boat by boat, and tow by tow, and we intend to continue to do so.”The Great Lakes Towing Company (GLT) and the Great Lakes Shipyard are core businesses within The Great Lakes Group of Companies, based in Cleveland, on the Old River, a shipping channel that runs west from where the Cuyahoga River meets Lake Erie. Company towing operations extend from Buffalo, N.Y. in the east to Duluth, Minn. in the west. Great Lakes Towing owns and operates the largest U.S.-flagged tugboat fleet on the Great Lakes, serving more than 35 ports in all eight U.S.

Shipbuilding group Austal announced Friday that its Vietnam yard opened in 2018 has delivered its first vessel fully constructed at the Vung Tau shipyard.The 94-meter high-speed catamaran A.P.T James was officially handed over from Austal Vietnam to the National Infrastructure Development Company (NIDCo), to be used for maritime transport services on the Trinidad and Tobago ‘sea bridge’ route between the islands.The Auto Express 94 vehicle-passenger ferry was designed at Austal Australia and features the company’s signature raked bow and optimized hull design.

Plaquemines Port Harbor and Terminal District (PPHTD) said it has signed a letter of intent (LOI) with several potential partners to development a multi-modal container terminal on the Mississippi River in Plaquemines Parish, La.The signing of the LOI kicks off a six-month due diligence period during which the parties will conduct multiple studies prior to making a final investment decision (FID).The proposed container terminal would encompass up to 1,000 acres and 8,200 feet of Mississippi River frontage just 50 miles from the Gulf of Mexico.

Australia-based shipbuilding group Austal Limited said its Vũng Tàu, Vietnam shipyard launched its first vessel, a 94 -high-speed catamaran for the National Infrastructure Development Company (NIDCo) of Trinidad and Tobago.The vehicle-passenger ferry, to be named APT James, is the first vessel to be constructed by Austal Vietnam since the shipyard was officially opened in November 2018.The Austal Auto Express 94 is an all-new aluminum catamaran design, with capacity for 926 passengers and 250 cars, capable of traveling at speeds up to 37.5 knots.

The container and multipurpose terminal HHLA TK Estonia, the subsidiary of Hamburger Hafen und Logistik AG (HHLA), said that Riia Sillave has taken over as the  new Chief Executive Officer (CEO) with effect from 15 March 2020.The 46-year-old Estonian, who studied business administration at Ludwig Maximilians University in Munich, has a wealth of experience in executive and management roles, including in the German automotive industry.Her most recent position was as CEO of Rail Baltic Estonia, the state-owned development company for the € 1.6 billion Rail Baltica railway project co-financed by the EU.According to a statement, she succeeds Vladimir Popov, who is leaving the Group.

A real estate development company is looking for a U.S. city to become the new home for one of America's most historic ocean liners.Having reached a deal with the ship’s nonprofit owner last year, RXR Realty has been developing a plan to restore the famed SS United States and this week issued a Request for Expressions of Interest (RFEI) seeking a permanent waterfront location where America’s Flagship, once restored, will be able to relive its former glory.At the time of its launch in 1952…