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Italy’s Saipem and Fincantieri jointly pursuing subsea robotics
Italian oilfield services company Saipem and compatriot shipbuilding giant Fincantieri have signed a Memorandum of Understanding (MoU) with the aim of evaluating opportunities for cooperation in subsea robotics for surveillance and control of critical underwater infrastructure. With the MoU, signed
UK engineering start-up gets financial boost for new wind propulsion system
UK-based maritime engineering start-up WingTek, in collaboration with the University of Bristol and the National Composites Centre, has won a £2.2 million ($2.7 million) innovation grant for the development of a new wind auxiliary propulsion (WAP) system.
Minesto sees slight decline in operating income, widens operating loss
Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2
Lhyfe secures €149 million grant for green hydrogen plant near Le Havre
Lhyfe will receive financial support from the French government to build a 100 MW green hydrogen production plant near Le Havre.
Texas LNG inks 20-year LNG offtake deal with Gunvor
Texas LNG has signed a heads of agreement (HOA) with Gunvor for a 20-year LNG FOB sale and purchase agreement (SPA) for 0.5 MTPA of LNG from Texas LNG.
NHA and MRC forge partnership to advance marine energy development
U.S. National Hydropower Association (NHA) and Marine Renewables Canada (MRC) have inked a memorandum of understanding (MoU) to improve the development of marine energy resources. This partnership emphasizes the commitment of both organizations that are dedicated to advancing marine energy solutions
ESL Shipping offloads Supramax duo to drive green transition
Finland-based shipping company ESL Shipping has signed a memorandum of understanding (MOU) to sell its two Supramax class vessels in an effort to accelerate the green transition.
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.
Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery
A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.
Under contract extension, 2009-built Siem vessel to work outside North Sea
Siem Offshore has secured a contract extension for its 2009-built diesel-electric driven multipurpose support vessel (MPSV). The 93.6-meter-long MPSV Siem Dorado has been awarded a contract extension for utilization for a period reaching towards the end of Q4 2024. Commencement will be in direct con
MOL, HIF and Idemitsu team up on eFuels supply chain and CO2 marine transport
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a Memorandum of Understanding (MoU) with energy companies Idemitsu Kosan, HIF USA and HIF Asia Pacific on the joint development of a synthetic fuel (e-fuel)/synthetic methanol (e-methanol) supply chain including CO2 marine transport.
India publishes scheme guidelines for setting up hydrogen hubs
India’s Ministry of New and Renewable Energy (MNRE) has issued scheme guidelines for setting up hydrogen hubs under the National Green Hydrogen Mission (NGHM).
Louis Dreyfus Armateurs unveils liquid hydrogen SOV concept
France-headquartered Louis Dreyfus Armateurs (LDA) has introduced a concept for a service operations vessel (SOV) that utilizes liquid hydrogen as its primary fuel source. The liquid-hydrogen SOV, currently in the concept design phase, will be able to operate 95% of the time with zero carbon emissio
Wärtsilä signs maintenance contract for KMTC’s containerships
Finnish technology company Wärtsilä has signed a five-year lifecycle agreement with Korea Maritime Transport Co. (KMTC) for its containerships.