ExxonMobil kills Trojan Horse; Langh Ship’s latest LNG-powered vessel named

ExxonMobil scares off shareholder activism – for now

Follow This, an Amsterdam-based environmental shareholder activism group, has withdrawn a climate resolution at the next ExxonMobil shareholder meeting in May, asking the oil giant to speed up its climate action plans. ExxonMobil sought to block the resolution in a Texas court.

“Given Exxon’s preference to fight a battle in court rather than allow shareholders the freedom of a vote at its annual meeting, we decided to withdraw the climate proposal,” Follow This founder Mark van Baal said in a statement.

The oil major is not content with the withdrawal of the resolution and aims to use a court ruling to kill off similar Trojan Horse resolutions by climate activist groups.

In a statement, ExxonMobil said it is continuing with the suit despite the withdrawal. “We believe there are still important issues for the court to resolve. There is no change to our plans,” ExxonMobil said in a statement.

Langh Ship’s latest LNG-powered vessel named

The naming ceremony of the second vessel of Langh Ship’s series of three 7,800-dwt multipurpose vessels took place 22 January 2024 in Ningbo in China, with the vessel named Olivia.

Olivia is equipped with a ballast water management system developed by associated company Langh Tech.

The vessel will serve Langh Ship’s longstanding trade of carrying steel coils from Finland to central Europe for Finnish stainless steel producer Outokumpu.

Return cargo is recycled stainless steel and other products in bulk and the tailored cargo carriage solutions for steel coils are developed inhouse by Langh Ship.

Samsung to fit Straatman SafeCom ship-to-shore link system to FLNG

Netherlands-based mooring, dredging and communications supplier Straatman has been chosen to supply an advanced SafeCom Ship-to-Shore Link system to facilitate seamless communication between Petronas’ third FLNG being constructed by Samsung to be located offshore near Sabah in Malaysia.