Search results for: market

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  • 22 January 2021
    Equipment, Safety, Technology

    UK-based C-Kore Systems has recently signed its first contract for delivery of subsea monitoring tools for a Chinese operation. The C-Kore tools will deliver subsea testing on the main umbilical before tying back into the existing structures. Operators and installation contractors use C-Kore’s subsea testing tools on both installation campaigns and fault-finding operations. The Cable […]

  • 20 January 2021
    Market outlooks, Outlook & strategy

    Gasum, the Nordic energy company, sees the potential of increased investment in future projects due to the price increase of LNG. In this week’s analysis, Gasum reports that the Risavika LNG reached 30.20 Euro per megawatt-hour. European gas prices remained supported by tight supply and cold weather. However, the weather is expected to change in […]

  • 18 December 2020
    Business & Finance

    Iberdrola has reached an agreement to acquire a 50% stake in Sea Wind, marking the company’s entry into the Polish offshore wind market. Sea Wind is said to have a seven-project pipeline in the early stages of development that has a potential capacity of up to 7.3 GW. According to Iberdrola, Sea Wind has an […]

  • 14 December 2020
    Authorities & Government, Environment, Ports & Logistics, Regulation & policy, Rules & Regulation, Transition, Vessels

    The risk of shippers evading the EU carbon market is minimal, as it would not be cost-effective, a study by Brussels-based environmental NGO Transport and Environment shows. In 2019, the European Union committed in its European Green Deal to extend the European emissions trading system (ETS) to the maritime sector. Since then, fears have been […]

  • 11 December 2020
    Business developments & projects, Collaboration, Outlook & strategy

    Dutch LNG technology developer LIQAL has expanded its reach into the German market with its partnership with Flüssiggas-Anlagen.

  • 10 December 2020
    Business developments & projects, Collaboration, Operations & Maintenance, Outlook & strategy, Research & Development

    Swedish company Eco Wave Power has signed a collaboration agreement with Meridian Energy Australia to investigate the development of commercial wave energy projects in Australia.

  • 9 December 2020
    Business & Finance, Market outlooks, Outlook & strategy

    Investments in offshore wind projects in new and emerging markets next year will result in offshore wind gaining a greater share of the total wind power market globally, according to the latest report from Fitch Solutions. There are currently over 66 GW of offshore wind in pre-construction or construction out of almost 162 GW of […]

  • 9 December 2020
    Business & Finance, Business developments & projects, Market outlooks, Outlook & strategy

    German container shipping company Hapag-Lloyd has raised its earnings forecast amid better than expected business performance. For the 2020 financial year, earnings before interest, taxes, depreciation and amortisation (EBITDA) of €2.6 to 2.7 billion, from the previously announced €2.4 to 2.6 billion. Earnings before interest and taxes (EBIT) were raised from EUR 1.1 to 1.3 […]

  • 8 December 2020

    ‘Clients, advisors and insurers are in the same boat.’ Effective cooperation is necessary to keep risks manageable and affordable. Erwin van Geyte, Broking Director Aon NetherlandsPeter van den Brink, Industry Director Marine Aon Netherlands Consolidation of insurers We have seen a wave of insurer consolidation in recent years. Where twenty years ago there were dozens […]

  • 26 November 2020
    Human Capital, Outlook & strategy

    Deepwell pumps specialist Svanehøj has expanded its foothold in the LNG market with the appointment of Hirohide Gohda.

  • 24 November 2020
    Business & Finance, Vessels

    Greek tanker heavyweight Tsakos Energy Navigation (TEN) has kept a steady course during the rollercoaster year of 2020, having delivered strong business results while pushing forward with fleet modernization plans. TEN’s net income for the three-month period that ended on September 30, 2020 reached $1.4 million compared to a net loss of $9.5 million in […]

  • 17 November 2020
    Business & Finance, Ports & Logistics, Vessels

    Windthrust Ltd., a subsidiary of National Ports Corporation, has revealed plans for a combined self-propelled floating port and installation vessel for offshore wind turbines, foundations and substations. Oceandock LX’s 60,000m2 deck space and onboard storage facility allow for the components to be delivered directly to the floating structure and warehoused, according to the company. The […]

  • 16 November 2020
    Business & Finance, Business developments & projects

    Fugro and the Tokyo-based transportation company, NYK Group, have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables projects. Japan’s burgeoning offshore wind industry is predicted to increase national demand for geotechnical […]

  • 12 November 2020
    Business developments & projects, Collaboration, Innovation, Outlook & strategy, Research & Development, Technology

    Carnegie Clean Energy has signed a memorandum of understanding with Oceantera to explore renewable energy opportunities of mutual interest in Southeast Asia region.

  • 12 November 2020
    Business & Finance, Business developments & projects, Equipment, Infrastructure

    Royal IHC has decided to reorganise. This means that about 300 jobs will be lost in the Netherlands and about 300 in other locations.

  • 10 November 2020
    Infrastructure, Vessels

    Shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS), part of China State Shipbuilding Corporation (CSSC) has started the drydock works for the first cruise ship ordered by CSSC Carnival Cruise Shipping Limited, a joint venture between CSSC and cruise company Carnival Corporation.

  • 3 November 2020
    Vessels

    Spanish engineering company Marcelo Penna Engineering and the Dutch Safeway have joined forces to design an “intelligent” service operation vessel (SOV) combined with a motion-compensated offshore access system. The parties are developing the DP2 MP625 SOV combined with the recently introduced Safeway Gannet 3D motion-compensated offshore access system that features zero impact bumpering or hover-mode, […]

  • 30 October 2020
    Project & Tenders

    SSE Renewables has issued two periodic indicative notices to carry out market sounding for the construction of the Arklow Bank Phase 2 offshore wind project in Ireland. The first notice seeks market sounding for the wind turbine installation vessels, including associated services. Parties can apply until 10 November, with the planned date of publication of the […]

  • 30 October 2020
    Business & Finance, Business developments & projects

    Italian infrastructure operator Snam has signed MoUs with Israeli companies for collaboration in small-scale LNG and hydrogen.

  • 29 October 2020

    The session organized by Holland House of Mexico dives into the current state of the oil and gas industry in Mexico and opportunities for the supply chain. The event is kicked off with some introductory words from José Antonio Zabalgoitia, Mexican Ambassador to The Netherlands, and Wilfred Mohr, Dutch Ambassador to Mexico. Guido van der […]

  • 28 October 2020

    Jon Dugstad, Director Wind and Solar at the Norwegian Energy Partners (NORWEP), led a live ZOOM Energy talk at the Offshore Energy event, discussing the global offshore wind market and how it could look over the next decade and in the future.

  • 22 October 2020
    Business & Finance, Business developments & projects, Technology

    Fibre optic monitoring specialist Silixa has announced 2019 as a breakthrough year for the firm’s financial and strategic performance. Backed by Lime Rock Partners, Chevron Technology Ventures, and Equinor Ventures, the company’s global turnover grew by 96 per cent to £20.35 million. In the same period, profit margins also increased from 48 per cent to […]

  • 15 October 2020
    Business & Finance

    German liner company Hapag-Lloyd said the performance of the container shipping market in the third quarter of 2020 was much better than expected pushing up earnings. Based on the preliminary findings, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the third quarter 2020 significantly increased to around €350 million (2019: €253 million). Earnings before interest, […]

  • 14 October 2020
    Business & Finance, Heavy lifting

    The Netherlands-based Tetrahedron has developed a new crane for next-generation offshore wind turbines, said to be designed to fit on both existing and new jack-up vessels. Tetrahedron said that based on a different motion principle and a structural load transfer, the crane lifts higher than alternatives that can fit in the same footprint. According to […]

  • 13 October 2020
    Business & Finance, Infrastructure

    Energinet has issued a call for tenders for offshore market engagement support services for the North Sea Wind Power Hub (NSWPH) project. The consortium behind the NSWPH project is looking to engage with commercial and regulatory experts from leading offshore wind developers highlighting key regulatory and commercial issues from an offshore wind stakeholder perspective. The services to support this, for which […]