Japan’s NYK Line has inked a memorandum of understanding (MOU) with the subsidiaries of Netherlands’ Fugro to develop offshore wind power projects off Japan.

Singapore’s PSA Marine has secured a EUR30m ($35.5m) sustainability-linked loan from compatriot DBS Bank that would allow the company to further expand its offshore wind business in Europe.

Shipping market forecasters can take solace in the fact the US election pollsters and pundits also have a dismal record as was drawn out in the latest Presidential election.

The Euronav-International Seaways joint venture has clinched a 10-year extension of contracts for two FSOs currently working for Qatar-based North Oil Company (NOC).

The “pivot” of vessel owner Scorpio Bulkers from kamsarmaxes and ultramaxes to wind turbine installation vessels (WTIVs) is likely to be a sharper and more ferocious turn than market observers were anticipating previously.

Singapore’s Keppel Offshore & Marine (Keppel O&M) and Energy Market Authority (EMA) have awarded a research grant to pilot the country’s first floating Energy Storage System (ESS).

Netherlands-based KOTUG International has been awarded a long-term contract by Esso Exploration and Production Guyana Limited (EEPGL) to provide offshore terminal towage support for operations in Guyana.

BW LNG, a unit of the Singapore-based gas shipping BW Group, has begun working on its El Salvador FSRU conversion process.

Scorpio Bulkers is continuing to sell off kamsarmax bulkers as it looks to refocus on the renewable energy sector.

Vietnam has given the green light for US-based ExxonMobil to develop a $5.09bn liquefied natural gas (LNG) plant in the port city of Hai Phong, Reuters reported.