The European Commission has granted a total of €22 million in co-funding for the Hansalink 3 project between the Finnish Port of Helsinki and the German port of Lübeck-Travemünde.
Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan.
Brazilian energy player Brava Energia has registered an increase in output from its assets offshore Brazil.
China Petroleum & Chemical Corporation (Sinopec), together with Shandong Province and Qingdao Municipality, has commenced operations of China’s first commercial floating offshore photovoltaic (PV) project in a full-seawater environment. According to Sinopec, the project integrates a previously inst
Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) has joined the Maritime Battery Forum (MBF), a global community of maritime battery enablers, to drive adoption of clean energy and accelerate electrification in the maritime sector.
Germany’s government has decided to support climate-neutral shipping and ports with an additional sum of €400 million.
Swedish supplier of roll-on/roll-off (RoRo) vessels and services, Stena RoRo, has completed the reconstruction of Stena Line’s 2002-built vessel to increase its capacity and enhance efficiency for reduced CO2 emissions.
As the global energy transition journey continues to make inroads, a carbon capture and storage (CCS) project in the G-7-AP greenhouse gas (GHG) assessment block off the northwestern coast of the Northern Territory of Australia has secured the Australian government’s backing with the award of a majo
Singapore’s tender-assisted drilling provider Energy Drilling, a wholly owned subsidiary of SED Energy Holdings, has signed a five-year contract with Thailand’s national oil and gas company PTT Exploration and Production Public Company Limited (PTTEP) for an offshore drilling campaign.
A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way
India’s Ministry of Ports, Shipping & Waterways (MoPSW) has officially inaugurated the Sagarmala Finance Corporation Limited (SMFCL), the country’s first non-banking financial company (NBFC) in the maritime sector. Initially envisaged to be named Sagarmala Development Company Limited, SMFCL is antic
The European Commission has launched the Hydrogen Mechanism under the European Union (EU) Energy and Raw Materials Platform, aimed at supporting the market development of renewable and low-carbon hydrogen and its derivatives, including ammonia, methanol, and electro-based sustainable aviation fuel (
P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.
Floatel International, a Norwegian offshore accommodation provider, has won a new contract for a nine-year-old semi-submersible accommodation vessel off the coast of Australia.
