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Business Developments & Projects

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Van Oord's 10-year-old cable layer sports Damen's emission reduction technology
Business Developments & Projects

Van Oord’s 10-year-old cable layer sports Damen’s emission reduction technology

Van Oord’s ten-year-old cable laying vessel (CLV) Nexus has been equipped with advanced selective catalytic reduction (SCR) systems said to reduce 80% of nitrogen (NOx) emissions. Damen Shipyards Group, who built the cable layer ten years ago, installed five SCR units on the Nexus, one for each engi

about 1 year ago
TGS to kick off two 4D streamer projects off Norway in June
Business Developments & Projects

TGS to perform six 4D streamer contracts this summer offshore Norway

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Norway-based energy data and intelligence company TGS has secured two 4D streamer contracts in Norway, one to be performed in the North Sea and one in the Norwegian Sea. The 4D projects will be acquired back-to-back and are set to commence in June, having a total duration of approximately 80 days. K

about 1 year ago
alternative
Business Developments & Projects

EU supports alternative fuel infrastructure projects with €422M

Maritime-related initiatives are among 39 innovative projects—-dedicated to deploying alternative fuel infrastructure—that have been selected by the European Commission.

about 1 year ago
A vessel at sea at sunset
Business Developments & Projects

Celsius and Basalt’s two-vessel LNG fleet growing by one, possibly more

UK-based investment firm Basalt Infrastructure Partners has signed a deal to add a newbuild liquefied natural gas (LNG) carrier to the existing LNG platform owned by its joint venture with Denmark’s Celsius Shipping.

about 1 year ago
STAX Engineering
Business Developments & Projects

ERMA FIRST drops anchor in Green Marine program waters

Greece-based ballast water treatment specialist ERMA FIRST has formally joined Green Marine, an environmental certification program for the North American maritime industry. As disclosed, the company stepped aboard the program to ‘bolster’ its commitment to ecologically responsible shipping on both

about 1 year ago
Prinos
Business Developments & Projects

EnEarth secures millions in EU funding for Prinos CO2 project

The European Commission has earmarked a €~120 million CEF grant to support the development of a liquified CO2 receiving terminal at Prinos Carbon Storage located in the north of Greece.

about 1 year ago
Spanish Avalon to invest €8 billion in hydrogen and derivatives projects
Business Developments & Projects

Spanish Avalon to invest €8 billion in hydrogen and derivatives projects

Spanish energy company Avalon Renovables plans to invest around €8 billion in the development of green hydrogen and derivatives projects in different locations distributed between the provinces of Jaén, Huelva, Cádiz and Málaga.

about 1 year ago
Offshore installation begins to connect Sicily to Sardinia and Italian peninsula
Business Developments & Projects

Offshore installation activities begin to connect Sicily to Sardinia and Italian peninsula

Italian cabling company Prysmian Group has kicked off the offshore installation activities for an interconnector that will link Sicily to Sardinia and to the Italian peninsula. The €3.7 billion Tyrrhenian Link, developed by Italy’s transmission system operator (TSO) Terna, will connect Sicily with S

about 1 year ago
Scana firm gets gig to deliver steel parts for subsea production systems
Business Developments & Projects

Scana firm gets gig to deliver steel parts for subsea production systems

Sweden-headquartered Subseatec, owned by Scana, has secured a frame agreement with an undisclosed client under which it will deliver steel parts for subsea production systems for a period of three years. As part of the frame agreement that will begin in Q1 2025, Subseatec will be the exclusive globa

about 1 year ago
LNG carrier (for illustration purposes); Source: GTT
Business Developments & Projects

GTT-COSCO collab sets out to strengthen LNG, ethane shipping sector

French LNG containment specialist GTT has signed a strategic cooperation agreement with China’s COSCO Shipping LNG Investment and COSCO Shipping Heavy Industries to explore joint development of LNG carriers, ethane carriers, floating LNG (FLNG) units., and crude carriers.

about 1 year ago
UK: Consent granted for Immingham green energy terminal
Business Developments & Projects

UK: Consent granted for Immingham green energy terminal

The Immingham Green Energy Terminal (IGET), a proposed multi-user liquid bulk green energy terminal located in the Port of Immingham, has received development consent from the UK’s Secretary of State for Transport, marking “a big milestone” for the country’s energy transition.

about 1 year ago
Dutch cable recovery vessel starts sailing
Business Developments & Projects

Dutch cable recovery vessel starts sailing

Holland Shipyard Group has delivered a cable recovery vessel to compatriot shipping company Hudig & Veder which will be chartered to retrieve and recycle subsea cables. The cable recovery vessel Maasvliet is the first of five CIP3800 vessels that will be delivered for Hudig & Veder, with the first t

about 1 year ago
Halifax
Business Developments & Projects

New funding to drive development of Halifax-Hamburg green shipping corridor

The Halifax Port Authority has been awarded funding of up to C$22.5 million (about $15.7 million) from Transport Canada to accelerate the development of the Halifax-Hamburg green shipping corridor and prepare the port for the fuels and energy sources of the future.

about 1 year ago
Swedish company CorPower Ocean and Norway-based OPS Solutions have developed a pre-tension cylinder (PTC) prototype, marking a step toward reducing the cost and mass of wave energy converters (WECs).
Business Developments & Projects

New tech from two Scandinavian firms to cut wave energy converter cost and mass

Swedish company CorPower Ocean and Norway-based OPS Solutions have developed a pre-tension cylinder (PTC) prototype, marking a step toward reducing the cost and mass of wave energy converters (WECs). The two companies teamed up through the COMPACT project, combining expertise in wave energy and off

about 1 year ago