Oil & Natural gas Corporation Ltd.

Boluda Towage SL on Thursday signed an agreement to acquire Iskes Towage & Salvage's port towage activities in Eemshaven, the Netherlands; Lubeck, Germany; and Lisbon, Portugal, as well as its offshore activities, together with the management and office staff in the head office in IJmuiden, the Netherlands.Iskes will remain a separate entity under Boluda's headquarters in Valencia, Spain, and it will continue to manage the aforementioned harbor towage activities. It has also been agreed that Iskes will focus on strengthening and further expanding Boluda's offshore activities in Northwest Europe, with a close watch on the Baltic market, Kiel Channel and Poland.

China's exports of clean marine fuels rose in December to a record since shipments began a year ago, taking 2020 exports of the ship fuel to 15.45 million tonnes, customs data showed on January 20, 2021.Chinese oil refineries began exporting very low-sulphur fuel oil (VLSFO) in January to comply with emission rules set by the International Maritime Organization (IMO), after Beijing granted tax incentives to boost production and help create a regional bunkering hub. In December, exports of VLSFO, with a maximum sulphur content of 0.5%, were 2.47 million tonnes, data from the General Administration of Customs showed, nearly double the volume in November.

PAO Sovcomflot (SCF Group) and Total have concluded a time charter agreement for up to seven years for a newbuild 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier, scheduled to be delivered Q3 2023 and to be owned and operated by SCF, with options for up to two additional vessels.The new vessel will be the latest in a series of SCF’s new-generation conventional Atlanticmax LNG carriers, with three sister ships already in operation: SCF La Perouse, SCF Barents and SCF Timmerman.

Classification society ABS informs it has granted approval in principle (AIP) to solid oxide fuel cell (SOFC) technology developed by South Korea's Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).Granting of AIP follows two joint development projects between ABS and DSME, the latest to develop SOFC technology to replace at least one of three diesel generators typically on board a very large crude carrier (VLCC).ABS said it is now working with DSME on future research and development areas to be carried out during detailed design and testing of the SOFC technology.

With effect from April 1, 2021, Dirk Wagner will take over as Managing Director at SCHOTTEL Middle East (SME) assuming the responsibilities of Andrew Bull, who will be leaving the company to pursue other interests outside of SCHOTTEL.Wagner has extensive experience and expertise in the area of ship propulsion. He joined SME when it was founded in 2011. Since then, he has been able to put this expertise to good use while being in charge of building up the SCHOTTEL subsidiary’s after-sales activities and expanding its territories into 23 countries in the MIA region (Middle East, Indian subcontinent, English speaking Africa).