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MOL links up with Cosmo Oil to work on ocean transport as part of CCS value chain
Japanese shipowner Mitsui O.S.K. Lines (MOL) and compatriot company Cosmo Oil have joined forces by signing a Memorandum of Understanding (MoU) to study ocean transport, with the goal of establishing a carbon dioxide capture and storage (CCS) value chain.
Allseas unveils new pipelaying barge
Allseas has inaugurated its new barge for shallow water offshore construction activities in Singapore, following upgrading activities. Sandpiper is a flat-bottom, anchored barge that Allseas purchased last year and upgraded in 2022/23 for pipelaying activities. The barge is equipped with a ten-point
ELEMENT project creates intelligent tidal turbine that could slash costs by 17%
The Effective Lifetime Extension in the Marine Environment for Tidal Energy (ELEMENT) project has created an intelligent control system within a tidal energy turbine that could potentially reduce costs by over 17.7%. The ELEMENT project of eleven partners, including tidal energy developers Nova Inno
Manisa orders up to 8 cargo ships from CSSC Guangxi Shipbuilding
Italian shipping company Manisa Chartering has entered into a contract with China State Shipbuilding Corporation’s Guangxi Shipbuilding and Offshore Engineering for the construction of up to eight 8,500-ton general cargo ships. This deal represents the most significant export order for shipbuilding
Knutsen takes delivery of third LNG carrier for charter with ORLEN
Norwegian shipowner Knutsen Group has taken delivery of a newbuild LNG carrier that will go on a charter with Poland’s PGNiG Supply & Trading, a part of ORLEN Group. The vessel named Saint Barbara is the third in a series of six vessels that will be chartered to the Polish company, following Lech Ka
Financing secured for ARO Drilling’s two new jack-up rigs
ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will
GTT, Deltamarin win LR’s AiP for LNG dual-fuel VLCC design
French containment specialist GTT and Finnish firm Deltamarin have obtained approval in principle (AiP) for the design of a liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC) from classification society Lloyd’s Register (LR).
WATCH: Airseas reveals 16% fuel and emissions cuts in automated dynamic flight
Wind propulsion specialist Airseas announced that its latest sea trials have revealed projected fuel and emissions reductions of 16% based on a normalized transatlantic voyage. The projections are based on traction data collected during the validation of automated dynamic flights of the Seawing, whe
APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.
In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution:
Trendsetter delivers subsea equipment for Woodside in Gulf of Mexico
Texas-based oil and gas services company Trendsetter Engineering has completed the delivery of subsea equipment for Woodside Energy’s field in the Gulf of Mexico, recently brought on stream. Under the contract secured in 2021, the Houston-headquartered company delivered two subsea manifolds, two hig
Silverstream Technologies, MAN ES to collaborate on decarbonization
UK’s clean technology company Silverstream Technologies and German marine engine designer MAN Energy Solutions (MAN ES) have signed a collaboration agreement to support the decarbonization of the global shipping industry.
PGE and GE to test green hydrogen production using offshore wind turbine
PGE Polska Grupa Energetyczna and GE have signed an agreement for the development of a project aimed at testing the production of green hydrogen using a GE offshore wind turbine. In the planned project, hydrogen would be produced in an electrolyzer using electricity generated from the latest GE wind
TÜV SÜD assumes role of certification authority for CertifHy H2 scheme
TÜV SÜD has been officially recognized as a certification body for CertifHy, the nongovernmental certification scheme for promoting certified proof of origin for hydrogen throughout Europe. TÜV SÜD has been a member of the CertifHy consortium from its inception in 2014/2015 and is said to have contr
Global container handling equipment’s emissions match Slovenia’s 2020 CO2 output
The global fleet of 100,000-120,000 container handling equipment (CHE) is responsible for 10-15 million tonnes of carbon dioxide per annum, the equivalent of the annual emissions of Slovenia in 2020. Electrification of port operations through battery-electric CHE holds the key to a net zero future,