In a "significant milestone" the world’s first two LNG-powered tugs were christened on Saturday at Sanmar Shipyard in Tuzla, Turkey.

Norwegian Car Carriers (NOCC) chief Engebret Dahm says no fault has been found against their crew allegedly involved in the crash with fishing vessel Yujin Maru no. 7 on 23 June.

Norwegian Car Carriers (NOCC) has posted a NOK1.4m ($230,000) net profit for the second quarter of 2012, making NOK4.8m ($790,000) in the first half.

Oslo-based Aker Solutions saw its profits slip in the second quarter.

Teekay LNG Partners is planning a NOK700m ($115m) bond issue on the Norwegian market.

As of yesterday, Norway has become the first to sign up to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009.

   

Private equity company Herkules is set to acquire life-saving equipment manufacturers Umoe Schat-Harding and Noreq, thereby capitalising on the two companies' projected combined revenues of $208m for 2013. Both are suppliers of lifeboats, rescue...

Oslo: Norwegian offshore shipbuilders, owners and equipment suppliers are the principal beneficiaries of strong growth at the country’s Guarantee Institute for Export Credit (GIEK) whose guarantees and offers now exceed NOK100bn ($17.2bn) for the...

LNG bunkering has garnered a lot of interest in the market but use of natural gas a fuel for ships remains extremely limited. Marcus Hand looks at the whether the hurdles to widespread usage can be overcome.