Tag: vessels

MONACO, July 07, 2025 (GLOBE NEWSWIRE) -- Exploring the potential of alternative fuels in the maritime sector. During the days of the 12th Monaco Energy Boat Challenge (1-5 July), at the Alternative Fuels Conference on Friday morning, different actors gathered together to discuss technology aspects, challenges, and advancements related to marine energy solutions based on alternative fuels, including hydrogen, methanol, and other innovative sources. Clean hydrogen is still the starting point when it comes to clean energy sources, but now it is time to investigate more to make the next step. As of now, the technology is ready, but it has to be accompanied by infrastructure, investments and supply chain. From an infrastructure point of view, the evolution could be the same as it occurred with oil in the past. “We are looking at the full value chain, a bit like if it was a pipeline. We only provide one piece of the puzzle, but it is a big one. The ecosystem is made of a vessel that will transport, for example, green ammonia from Australia to Korea to Japan in bulk format. Basically, we help owners thanks to our expertise in owning and leasing large floating units,” said Philippe Lavagna, product account manager at SBM Offshore. “We say we need a transition, and it takes time. Miracles don't happen overnight. That's why we are committed to provide clean solutions to the industry,” he added.

Luxembourg – 4 July 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of sizeable¹ contract offshore Egypt. 

In June 2025 AS Tallink Grupp transported 598,977 passengers, which is a 4.9% increase compared to June 2024. The number of cargo units decreased by 11.2% to 22,544 units and the number of passenger vehicles was up by 1.0% amounting to 87,530 units compared to the same period a year ago. 

ATHENS, Greece, July 02, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“Performance Shipping” or the “Company”) announced today that it has successfully placed USD 100 million of bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in July 2029 and will pay a fixed coupon of 9.875% per annum, payable semi-annually in arrears and were priced at 97% of par. The bonds are secured in part by first priority mortgages over the Company’s two oldest tanker vessels, which are presently unencumbered. The offering is expected to close on July 17, 2025, subject to customary closing conditions.