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Business Developments & Projects

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BAR Technologies taps WindWaves to manufacture new 20-24m WindWings
Business Developments & Projects

BAR Technologies taps WindWaves to manufacture new 20-24m WindWings

Wind propulsion developer BAR Technologies (BAR) and WindWaves, Nervion Naval Offshore (Nervion), have expanded their partnership with a new agreement for manufacturing BAR’s new 20 and 24-meter WindWings. The deal will see the offshore wind platforms pioneer WindWaves manufacture, sell, and deliver

about 2 years ago
SAFEEN Group’s electric tug wins Guinness World Records title
Business Developments & Projects

SAFEEN Group’s electric tug wins Guinness World Records title

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SAFEEN Group, a maritime services provider and part of the UAE-based AD Ports Group, in collaboration with Dutch major Damen Shipyards, has achieved a Guinness World Records title for the most powerful electric tugboat.

about 2 years ago
Axial Skelter made by Spiralis Energy, a tidal energy generator
Business Developments & Projects

UK gas producer invests in tidal power with stake in Spiralis Energy

UK gas producer Kistos Holdings has taken a stake in Spiralis Energy, a compatriot tidal power company, as part of its sustainability drive to support next-generation renewable technologies. According to Kistos Holdings, the company’s investment supports Spiralis Energy’s Axial Skelter tidal power s

about 2 years ago
VARD-built cable layer destined for Danish subsea specialist prepping for sea trials
Business Developments & Projects

VARD-built cable layer destined for Danish subsea specialist prepping for sea trials

Denmark’s subsea specialist NCT Offshore is planning to carry out sea trials for its new cable-laying vessel (CLV) constructed by Norway’s ship designer and shipbuilder VARD later this month. NCT placed the order for the 95-meter-long CLV Freja with VARD in early 2023, with Vard Design in Ålesund, N

about 2 years ago
Wallenius Wilhelmsen
Business Developments & Projects

Wallenius Wilhelmsen inks $580 million multi-year shipping contract

Norwegian shipping and logistics company Wallenius Wilhelmsen has signed a multi-year shipping contract with an undisclosed automotive manufacturer.

about 2 years ago
Yinson GreenTech and Zeabuz set sights on autonomous, remote-controlled electric vessel operations
Business Developments & Projects

Yinson GreenTech and Zeabuz set sights on autonomous, remote-controlled electric vessel operations

Singapore’s green technology solutions provider Yinson GreenTech has joined forces with Norwegian autonomous maritime technology company Zeabuz to introduce autonomous and remote-control capabilities into its fleet of marine electric vessels. The two companies formalized their collaboration through

about 2 years ago
ports
Business Developments & Projects

With new EU funding, Northern European ports to enable shore power for boxships by 2030

Four Northern European ports have been granted EU funding for projects to reduce emissions from containerships moored at their quays.

about 2 years ago
Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation
Business Developments & Projects

Transocean, Noble, Valaris, Borr, and Odfjell Drilling fleets’ $23 billion backlog spotlights state of play in booming rig market

Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.

24 minutes read
Aker BP's CO2 storage licenses peer reviewed by ABL firm
Business Developments & Projects

Aker BP’s CO2 storage licenses undergo technical peer review by ABL firm

Norway’s AGR, part of the energy and marine consultancy group ABL Group, has delivered a technical peer review of two carbon storage licenses in the Norwegian North Sea for compatriot E&P company Aker BP. AGR conducted an independent third-party technical peer review of the EXL005 Poseidon license,

about 2 years ago
EXMAR sets up new entity to operate dual-fuel LPG/ammonia carrier newbuilds
Business Developments & Projects

EXMAR sets up new entity to operate dual-fuel LPG/ammonia carrier newbuilds

Belgian shipping company EXMAR has opened a new entity, EXMAR LPG France, which will own and operate six newbuild dual-fuel LPG/ammonia midsize gas carriers (MGCs) under construction at HD Hyundai Mipo in South Korea. The company announced the opening of the new French entity in its third quarter re

about 2 years ago
German hydrogen producer on the lookout for new investor amid financing infrastructure shift
Business Developments & Projects

German hydrogen producer on the lookout for new investor amid financing infrastructure shift

German green hydrogen producer HH2E has decided to file for self-administration and pursue a structured corporate restructuring process after the company’s majority shareholder voted against providing financing for HH2E’s first green hydrogen production facility in Lubmin. Near the coast, in Lubmin

about 2 years ago
Wuhu Shipyard launches SAL’s next-gen methanol-ready vessel
Business Developments & Projects

Wuhu Shipyard launches SAL’s next-gen methanol-ready vessel

Chinese Wuhu Shipyard has launched the second methanol-ready 14,600 dwt Orca class multipurpose vessel ordered by Germany’s SAL Heavy Lift.

about 2 years ago
First sales and purchase agreement inked for UAE's low-carbon LNG project
Business Developments & Projects

First sales and purchase agreement inked for UAE’s low-carbon LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s Securing Energy for Europe (SEFE) for the long-term supply of low-carbon liquefied natural gas (LNG) from the Ruwais LNG plant in the UAE, set to be the first LNG export facility in the Middle East

about 2 years ago
Work starts on Portsmouth International Port’s shore power system
Business Developments & Projects

Work starts on Portsmouth International Port’s shore power system

At Portsmouth International Port in the UK, work has started on a shore power system that will allow ships to connect to clean electric power while berthed.

about 2 years ago