Construction of a new medium-sized gas carrier (MGC) for Purus, a provider of maritime services for the gas transport and offshore wind industries, has begun in South Korea. The construction of the 45,000 cubic meter (cbm) vessel, which will be engaged in the storage and transportation of low-carbon
Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry. The agreement seeks to leverage the strengths of each organization to promote industry growth, share expertise,
LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating off
Seaway7, part of the Subsea7 Group, has been awarded a contract by ScottishPower Renewables for the transport and installation of the inter-array cables for the 960 MW East Anglia Two offshore wind project in the UK. The deal is worth between $150 million and $300 million, as per Subsea7’s definitio
Donald Trump’s victory in the 2024 US presidential election is a ‘step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates, according to ocean and air freight rate benchmarking and market intelligence platform Xeneta.
A joint venture (JV) of UAE’s ADNOC Drilling and Alpha Dhabi is set to acquire a U.S.-headquartered provider of vision-based diagnostics and analytics services for the oil & gas sector for a consideration of approximately $45 million. The partners’ Enersol JV has agreed to acquire a 100% equity stak
Dutch engineering consultancy firm Royal HaskoningDHV has acquired compatriot renewable energy consultancy Pondera to pursue new renewable energy and integrated energy systems projects. Through this acquisition, Royal HaskoningDHV seeks to grow and strengthen its offering from offshore wind generati
Altera Infrastructure Holdings, a wholly-owned subsidiary of the UK-based energy services provider Altera Infrastructure, has entered into an agreement to sell all of its membership interests in Altera Shuttle Tankers to Maistros Shiptrade, a company affiliated with the Greek shipping major Angelico
Norway-based oil services investment company Akastor has signed an agreement with Japan’s Mitsui & Co. to purchase the latter’s shares in Akofs Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services.
UK’s ITM Power has concluded a technical milestone in electrolyzer technology development, having validated an additional 40% iridium loading reduction whilst maintaining stack performance and longevity.
Finnish shipping company Finnlines revealed it is in the process of shipbuilder selection after which the construction of a new green fueled roll-on/roll-off passenger (RoPax) fleet will proceed.
The EURO-TIDES project is moving forward with plans to establish Europe’s path in tidal energy development with a 9.6 MW pilot tidal array by 2027, at the European Marine Energy Centre’s (EMEC) Fall of Warness tidal site in Orkney. Set to harness tidal resources with four 2.4 MW turbines from Orbita
SINTEF Ocean, a Norway-based ocean space research institute, has joined the Global Center for Maritime Decarbonization (GCMD) as a knowledge partner. According to the GCMD, the partnership with SINTEF Ocean will focus on complementary areas addressing adoption barriers to the use of ammonia as a mar
MSC Mediterranean Shipping Company has signed a deal with a Chinese shipyard for the construction of up to twelve new liquefied natural gas (LNG) dual-fuel containerships.
