Business Developments & Projects
Construction starts on Stena Line’s first methanol-ready NewMax hybrid ferry
Swedish ferry company Stena Line has marked a milestone on its journey towards sustainable shipping with the steel cutting ceremony for the first of its methanol-ready ‘NewMax’ hybrid ferries.
Minesto performs launch and recovery for megawatt-scale tidal energy kite
Minesto has carried out the Launch and Recovery System (LARS) method for the 1.2 MW, 25-ton Dragon 12 tidal energy kite in Vestmannsund, Faroe Islands. According to Minesto, the operations developed for Dragon 4, which has a capacity of 100 kW and weighs 2.5 tons, were equally effective with the meg
Safe Bulkers bolsters fleet with Phase 3 – NOx Tier III Kamsarmax newbuild
New York-listed dry bulk owner Safe Bulkers has entered into a deal to acquire an 82,000 dwt Kamsarmax bulker with a scheduled delivery date within the third quarter of 2026. According to Safe Bulkers, the newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index
Türkiye’s new energy efficiency roadmap envisions $20 billion investment by 2030
Türkiye is pulling out all the stops to fortify its energy security, including new energy efficiency roadmap and action plan.
James Fisher christens LNG dual-fuel tanker Lady Maria Fisher
UK-based maritime service provider James Fisher has christened its latest LNG dual-fuel 6,000 dwt chemical tanker, as part of the next phase of its ‘fleet of the future’.
Discriminating against hydrogen colors will not get us any further
Hydrogen, deemed as a connector for offshore energy markets, is yet to play a very important role, especially in hard-to-abate sectors. The energy transition and especially the hydrogen transition can be built efficiently, faster, cheaper, and with fewer emissions if we build it on existing knowledg
Deltamarin to design LDA’s new wind-powered ROROs
Finland-based marine engineering company Deltamarin has struck a deal with Louis Dreyfus Armateurs (LDA) and Wuchang Shipbuilding Industry Group Co Ltd. (WSIG) to design three roll-on/roll-off vessels for Airbus aircraft subassembly transportation. The construction of the vessels has been commission
Green light for UK’s first large-scale hydrogen production plant
Essar Group’s EET Hydrogen, formerly Vertex Hydrogen, has received approval from Cheshire West and Chester Council to build a low-carbon hydrogen plant HPP1 at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire, UK. The plant, located at the heart of the HyNet industrial decarbonization c
BIMCO: 2024 brings a whopping 41% surge in containership deliveries, beating 2023 record
In 2023, global shipyards delivered 350 new containerships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024, BIMCO announced. As 2023 saw a relatively low level of container
Klaipedos Nafta revamps amid changes in energy sector
Lithuanian energy terminal operator Klaipedos Nafta (KN) has officially changed its name to KN Energies to reflect the company’s strategic changes. Specifically, the operator said the name change reflects the company’s new long-term strategy to follow the path of sustainable energy by switching from
Inyanga Marine opens office in Wales to support HydroWing tidal energy project
Inyanga Marine Energy Group has opened a new office in Wales to support the development of the 10 MW HydroWing tidal stream energy project at Morlais, Anglesey. The HydroWing project secured a contract in the latest Contracts for Difference (CfD) auction round in the UK held back in September 2023.
BP knocks on Wood’s door for topside modifications in North Sea
BP has hand-picked Wood for the delivery of topside modifications in support of the oil major’s latest subsea tieback in the UK North Sea.
GTT bags two new LNGC tank design orders
French LNG containment specialist GTT has received two orders for the tank design of two new liquefied natural gas carriers (LNGCs). The first LNGC will be realized by the South Korean shipyard Hanwha Ocean, GTT said, adding that the vessel will have a total capacity of 174,000 m3 and will be fitted
Wood Thilsted to perform ground modeling for Lithuania’s first offshore wind farm
Wood Thilsted is starting ground modeling and foundation concept design work for the first offshore wind farm in Lithuania, on behalf of Ignitis Renewables. The work, taking place this year, consists of developing a site ground model, support to the geotechnical campaign and a variety of foundation