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KOBC
Clean Fuel

Success or downfall on the horizon: Maritime decarbonization is standing at the crossroads

The upcoming International Maritime Organization’s (IMO) climate talks are set to decide the fate of the maritime sector’s decarbonization, which is a prerequisite for decarbonizing the global economy as a whole.

about 1 year ago
Odfjell Drilling exec trades CFO role for new position at the company
Fossil Energy

Odfjell Drilling exec trades CFO role for new position at the company

The Chief Financial Officer (CFO) of offshore drilling contractor Odfjell Drilling is slated to replace his CFO position with another finance-related role at the company.

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about 1 year ago
NYK: LCO2 carrier and FLSU design secure ClassNK’s approval
Green Marine

NYK: LCO2 carrier and FLSU design secure ClassNK’s approval

Knutsen NYK Carbon Carriers (KNCC), a subsidiary of Japanese shipping company NYK and Norway’s vessel operator Knutsen Group, has received approval in principle (AiP) from classification society ClassNK for the design of liquefied CO2 carriers with elevated pressure cargo tanks (LCO2-EP) and a float

about 1 year ago
Ørsted Gippsland
Offshore Wind

Management plan approved for Ørsted’s Australian offshore wind farms

The feasibility stage management plan for Ørsted’s Gippsland offshore wind farms 1 and 2 has been approved by Australia’s Offshore Infrastructure Regulator (OIR). The management plan details how activities will be safely carried out in compliance with the Offshore Electricity Infrastructure Act (OEI

about 1 year ago
Danish wave energy technology company Exowave is entering a crucial phase in developing its wave energy technology. The power take-off (PTO) system is set for wet testing in the coming weeks.
Marine Energy

Danish wave energy firm gears up for final PTO testing

Danish wave energy technology company Exowave is entering an important phase of developing its wave energy technology, as the power take-off (PTO) system is set for wet testing in the coming weeks. “We’re thrilled to share that the PTO assembly is progressing exceptionally well—faster than expected

about 1 year ago
UK-made buoyancy modules make their way to Eastern Mediterranean natural gas project
Fossil Energy

UK-made buoyancy modules make their way to Eastern Mediterranean natural gas project

UK-headquartered CRP Subsea, part of AIS, has been appointed to deliver distributed buoyancy modules (DBMs) for a natural gas development off the Eastern Mediterranean coast. The DBMs will be deployed on dynamic umbilical and mono-ethylene glycol (MEG) risers, which connect to a floating production,

about 1 year ago
Klaveness
Green Marine

Klaveness unifies digital services to enhance maritime technology integration

Norwegian shipping company Torvald Klaveness has decided to consolidate all digital services with the purpose of focusing on the creation of ‘smarter’ and ‘more’ efficient digital solutions for the maritime industry. As disclosed, the digital offerings are set to be merged under Klaveness Digital, w

about 1 year ago
Port of Antwerp-Bruges
Green Marine

Port of Antwerp-Bruges, MPA Singapore team up on maritime digitalization, decarbonization

Belgium’s Port of Antwerp-Bruges and the Maritime and Port Authority of Singapore (MPA) have signed a memorandum of understanding (MOU) to collaborate on maritime decarbonization and digitalization.

about 1 year ago
New MIT Maritime Consortium sets out to tackle industry challenges
Alternative Fuels

New MIT Maritime Consortium sets out to tackle industry challenges

Maritime industry leaders and the Massachusetts Institute of Technology (MIT) have formed a new consortium to address challenges in the global shipping industry.

about 1 year ago
An LNG carrier at sea
Fossil Energy

Cheniere reaches 4,000th LNG cargo mark ‘faster than any producer in history’

U.S. liquefied natural gas (LNG) producer and exporter Cheniere Energy has celebrated the 4000th shipment of LNG cargo at its terminal in Louisiana.

about 1 year ago
wind propulsion
Energy Efficiency & Innovation

Large ships can save close to $500,000 on fuel costs by adopting wind propulsion, new study reveals

There are significant economic and climate benefits of using wind-assisted propulsion to power global shipping, a new report by marine NGO Seas At Risk found.

about 1 year ago
16 applicants pursuing Denmark's $4.1 billion carbon capture and storage fund
Fossil Energy

16 applicants pursuing Denmark’s $4.1 billion carbon capture and storage fund

The Danish Energy Agency has received applications from 16 companies in the call for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion (around $4.1 billion) available to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, tr

about 1 year ago
Vessev
Clean Fuel

Vessev readies to debut hydrofoil technology as it docks in the US market

New Zealand-based electric hydrofoiling technology company Vessev has dropped anchor in the United States market with the launch of its first office in the country, driven by an ambition to address the increasing demand for sustainable maritime solutions. As disclosed, the opening of the new office—

about 1 year ago
Two offshore platforms
Fossil Energy

NEO Energy and Repsol merging North Sea ops to bolster resilience in ‘tough’ UK conditions

Aberdeen-based full-cycle energy business New European Offshore (NEO Energy) has reached an agreement with Repsol Resources UK, a subsidiary of Spanish energy giant Repsol, to combine their North Sea businesses.

about 1 year ago