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Business Developments & Projects

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ABS okays 16,000 TEU containership with electric propulsion from HHI and KSOE
Business Developments & Projects

ABS okays 16,000 TEU containership with electric propulsion from HHI and KSOE

HD HHI and HD KSOE have received approval in principle (AiP) from ABS for the concept design of a 16,000 TEU containership with an electric propulsion system.

about 1 year ago
ZTTSC Yangjiang Fanshi II
Business Developments & Projects

ZTT delivers first batch of submarine cables for China’s 1 GW offshore wind project

ZTT Submarine Cable & System (ZTTSC) has delivered the first batch of 500 kV three-core AC submarine cables for the Yangjiang Fanshi II Offshore Wind Farm in China. According to the company, the production process integrated smart manufacturing lines, industrial robots, smart warehousing, and AI-bas

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about 1 year ago
ammonia cracker
Business Developments & Projects

LR greenlights floating ammonia cracker unit

A consortium of companies has received approval in principle (AiP) from the UK’s class society Lloyd’s Register for a floating ammonia cracker unit (FACU).

about 1 year ago
Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania
Business Developments & Projects

Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania

Polish energy company Hynfra has signed a framework agreement with the Government of Mauritania for a $1.5 billion green ammonia project in Nouakchott.

about 1 year ago
Chinese players sign strategic pact to ‘advance’ specialty materials for ammonia-fuelled vessels
Business Developments & Projects

Chinese players sign strategic pact to ‘advance’ specialty materials for ammonia-fuelled vessels

Hong Kong-headquartered Luda Technology Group has signed a series of strategic cooperation agreements with several Chinese shipbuilding titans to jointly conduct the research and development (R&D) and manufacturing of specialty-material flanges and pipe fittings for ammonia-fueled vessels. Specifica

about 1 year ago
Woodside-Petronas document exchange
Business Developments & Projects

Woodside and Petronas formalize 15-year LNG supply deal

The Singaporean subsidiary of Australia’s energy giant Woodside and an affiliate of Malaysia’s Petroliam Nasional Berhad (PETRONAS) have finalized a sale and purchase agreement (SPA) for the supply of liquefied natural gas (LNG) from the former’s portfolio.

about 1 year ago
Dutch survey company settles in France to better serve local projects
Business Developments & Projects

Dutch survey company settles in France to better serve local projects

Amsterdam-headquartered Deep, which specializes in hydrography, marine geophysics, UXO surveys and precise marine positioning, is strengthening its presence in France by opening a local entity to serve French clients and projects more efficiently. Set to start operating this month, Deep Atlantique w

about 1 year ago
Blykalla
Business Developments & Projects

ABB, Blykalla team up on nuclear power technology for maritime industry

Switzerland-based technology company ABB has signed a memorandum of understanding (MoU) with Swedish nuclear energy company Blykalla to support and accelerate the deployment of small modular lead-cooled reactors to the maritime industry.

about 1 year ago
LR and HD Hyundai Mipo join forces for 22,000 cbm LNG bunker vessel design
Business Developments & Projects

LR and HD Hyundai Mipo join forces for 22,000 cbm LNG bunker vessel design

UK classification society Lloyd’s Register (LR) and South Korean shipbuilding player HD Hyundai Mipo have revealed a joint development project (JDP) to design a 22,000 cubic meter (cbm) LNG bunkering vessel.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business Developments & Projects

$6.7 billion addition to $18.4B US LNG project approved and ready to roll

With the green light for a final investment decision (FID) on the fourth train now out of the way, Houston-headquartered NextDecade Corporation is moving full speed ahead with the expansion of the first phase of its liquefied natural gas (LNG) export project in Texas, United States. Another multibil

about 1 year ago
Tekmar
Business Developments & Projects

Tekmar wins again in Middle East, contract worth over $10 million

Following a number of recent contracts in the region, UK-headquartered Tekmar Group has won another one in the Middle East, this time for the provision of its cable protection system. Under the contract worth over $10 million with what is described as a leading international engineering, procurement

about 1 year ago
Wärtsilä to deliver electric propulsion system for Molslinjen’s new high-speed ferries
Business Developments & Projects

Wärtsilä to deliver electric propulsion system for Molslinjen’s new high-speed ferries

Finland-based technology major Wärtsilä has clinched a contract to supply a fully integrated electric propulsion system with waterjets for a pair of new high-speed catamaran ferries being built for Danish ferry operator Molslinjen. As informed, Wärtsilä is set to provide the integrated propulsion sy

about 1 year ago
HD Hyundai Mipo’s 30,000 cbm LNG carrier and bunker vessel design earns stamp of approval
Business Developments & Projects

HD Hyundai Mipo’s 30,000 cbm LNG carrier and bunker vessel design earns stamp of approval

South Korean shipbuilder HD Hyundai Mipo has received approval in principle (AiP) from classification society ABS for its design development of a 30,000 cubic meter (cbm) LNG carrying and bunkering vessel.

about 1 year ago
Illustration/CETO wave energy array
Business Developments & Projects

EU-backed project to advance wave energy farms sets start date

The EU has awarded €4 million under Horizon Europe to the Control-Oriented Innovations for future wave energy farms (COIN) project, which is set to start on November 1, 2025. Coordinated by Technische Universitaet Braunschweig in Germany, the four-year initiative aims to bring ocean energy technolo

about 1 year ago