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Business Developments & Projects

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LIVE BLOG: Offshore Energy Exhibition & Conference 2024
Business Developments & Projects

LIVE BLOG: Offshore Energy Exhibition & Conference 2024

Welcome to the Live Blog! That’s a wrap! As OEEC 2024 comes to a close, Navingo invites all attendees to join for the final celebration! After two dynamic days of exploring innovations in the offshore energy sector, it’s time to relax, reflect and network over drinks and bites. Join us at the Stage

12 minutes read
FSRU Toscana; Source: OLT Offshore LNG Toscana
Business Developments & Projects
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Italian FSRU goes back to work

OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has brought its floating storage and regasification unit (FSRU) back to its post off the coast of Livorno.

about 1 year ago
K Shipbuilding
Business Developments & Projects

CIP taps Færder Tankers and BW Epic Kosan to develop ammonia carrier fleet

Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (ETF), has signed multiple memorandums of understanding (MoUs) with shipping companies to advance the development of ammonia-fueled carriers.

about 1 year ago
Illustration (Courtesy of Flex Marine Power)
Business Developments & Projects

Scottish company kicks off crowdfunding to back tidal turbine deployment

Scottish company Flex Marine Power has launched its second crowdfunding campaign on the Crowdcube platform, aiming to raise funds to deploy and test its SW2 tidal turbine at sea. According to Flex Marine Power, this follows a crowdfunding round in March, which raised £366,000 (approximately $461,00

about 1 year ago
Sallaum Lines
Business Developments & Projects

Sallaum Lines orders six dual-fuel PCTCs, dips further into Chinese market

Switzerland-based RoRo cargo shipping company Sallaum Lines has placed an order for six more dual-fuel/liquefied natural gas (LNG) pure car and truck carrier (PCTC) vessels in China. The company revealed that two of the newbuilds are set to be constructed by Fujian Mawei Shipbuilding and the remaini

about 1 year ago
Illustration of Nexans' new CLV done by Skipsteknisk; Source: Hydroniq Coolers
Business Developments & Projects

Progress in piecing together Nexans cable laying vessel continues with new equipment order

The latest equipment piece for a newbuild cable laying vessel (CLV), which is being constructed for Nexans, France’s cable systems designer and manufacturer, will fall into place, thanks to an order Ulstein Verft, a Norwegian shipyard, placed with Aalesund-based Hydroniq Coolers. The deal with Ulste

about 1 year ago
Photo of the Atlantic Guardian vessel (Courtesy of EMGS)
Business Developments & Projects

Electromagnetic Geoservices bags $10M contract for offshore survey in India

Norwegian Electromagnetic Geoservices ASA (EMGS) has secured a contract with an undisclosed client for a controlled-source electromagnetic (CSEM) survey offshore India, valued at approximately $10 million. According to EMGS, the survey includes a mobilization fee and will be carried out by the compa

about 1 year ago
German partners reveal plans for 10 MW offshore electrolyzer demo at Alpha Ventus
Business Developments & Projects

German partners reveal plans for 10 MW offshore electrolyzer demo at Alpha Ventus

German offshore wind and hydrogen developers plan to build an offshore electrolyzer demonstrator at the Alpha Ventus wind farm in the North Sea.

about 1 year ago
Damen
Business Developments & Projects

Damen, Herman Sr. shake hands on methanol-ready, diesel-electric multipurpose ship

Dutch shipbuilding major Damen Shipyards Group and compatriot tug and workboat company Herman Sr. have signed a letter of intent (LOI) for the construction of a new methanol-ready diesel-electric multipurpose vessel (MPV).

about 1 year ago
Norden and Meta seal sustainable maritime fuel offtake deal
Business Developments & Projects

Norden and Meta seal sustainable maritime fuel offtake deal

Danish shipping company Norden has signed a sustainable maritime fuel offtake agreement with technology conglomerate Meta.

about 1 year ago
Symphony Wave Power has completed the installation of a turbine in its dry-test system, marking a step towards the development of its wave energy technology.
Business Developments & Projects

Symphony Wave Power installs key component for its dry-test system

Netherlands-based Symphony Wave Power has completed the installation of a turbine in its dry-test system, marking a step towards the development of its wave energy technology. The dry-test system installation represents an important phase in Symphony’s validation program, enabling the company to per

about 1 year ago
Value Group
Business Developments & Projects

Rotterdam Energy Transition Fund backs Value Group to drive development of CO2 hub

Value Group, the Netherlands-based company uniting Value Maritime and Value Carbon, has secured a €2 million investment from Rotterdam Energy Transition Fund (ETF-R), a €100 million investment fund of the City of Rotterdam.

about 1 year ago
Dutch-Swiss duo sets sights on advancing marine hydrogen fuel cell solutions
Business Developments & Projects

Dutch-Swiss duo sets sights on advancing marine hydrogen fuel cell solutions

Dutch maritime engineering company NIM and Swiss high-tech firm EH Group have joined forces to advance the development and standardization of hydrogen fuel cell drive trains tailored for the maritime industry.

about 1 year ago
Ashtead Technology has signed an agreement with Acteon Group to acquire Seatronics and J2 Subsea for £63 million (approximately $81.6 million)
Business Developments & Projects

Ashtead Technology wraps up acquisition of two firms from Acteon

UK-headquartered subsea equipment rental and solutions provider Ashtead Technology has completed its £63 million (approximately $81.6 million) acquisition of Seatronics and J2 Subsea, expanding its subsea survey and robotics capabilities portfolio. According to Ashtead Technology, the deal bolsters

about 1 year ago