Business Developments & Projects
US-led coalition of global powers warns Houthis to stop ‘illegal attacks’ or ‘bear the consequences’
The governments of the United States, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, Netherlands, New Zealand, Singapore, and the United Kingdom issued a joint statement warning the Houthis against further attacks in the Red Sea. The statement is being issued on the heels of th
Color Line’s ferry duo switches to biofuel
For the past month, Color Line’s two passenger ferries, linking Denmark and Norway, have been fueled exclusively with B100 biofuel, supplied and managed by marine fuel supplier Bunker One. Bunker One has supplied B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries travelling between Hirtshals in
With more responsibilities on its plate, Norwegian Petroleum Directorate gets new name
The Norwegian Petroleum Directorate (NPD) has changed its name to the Norwegian Offshore Directorate (NOD).
Fraunhofer IKTS: Membrane reactors for hydrogen to change green shipping
“Catalytic ceramic membrane reactors allow us to generate hydrogen offshore via methanol-reforming or ammonia cracking and promote its application as a fuel,” said Mohit Jain, Research Associate at German Fraunhofer Institute for Ceramic Technologies and Systems (IKTS). At the Offshore Energy Exhibi
UK firm cheers certification of its carbon neutral status
Deltic Energy has been certified as a carbon neutral business by Carbon Neutral Britain. This certification will require renewal on an annual basis.
No natural gas shortage in sight, as Türkiye plans to boost storage capacity while upgrading its facility to run on renewables
Türkiye is taking steps to scale up its natural gas storage capacity and slash greenhouse gas emissions with renewables.
Report: Production starts at Russia’s Arctic LNG 2 despite US sanctions
Russia’s liquefied natural gas (LNG) producer Novatek has begun production at its Arctic LNG 2 project despite U.S. sanctions, media company Bloomberg reported. According to Bloomberg, Russia’s Deputy Prime Minister Alexander Novak said in an interview with the state-run Rossiya 24 TV channel that t
Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead
The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
DOF vessel to stay offshore Philippines until end of 2027
DOF Group has signed a contract extension with Prime Energy Resources Development for a multipurpose platform supply vessel (MPSV) that is working offshore Philippines. Prime Energy has extended the contract for the provision of the MPSV Skandi Hawk to the end of 2027. DOF has been providing MPSV an
Noatum consolidates its position in Spain with APM Terminals Castellón acquisition
Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for a total purchase consideration of € 10 million. The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the
Floating solar demonstrator launches in the Canary Islands
Norwegian company Ocean Sun and its partners have launched an offshore floating solar demonstrator in La Palma, Spain. The BOOST (Bringing Offshore Ocean Sun to the global market) floating solar demonstrator uses Ocean Sun’s patented floating solar photovoltaics (FPV) technology and marks the final
Louis Dreyfus Armateurs picks CSSC Wuchang Shipbuilding for wind-powered ROROs
French maritime firm Louis Dreyfus Armateurs (LDA) has inked a construction contract with Chinese CSSC Wuchang Shipbuilding Industry Group for three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. The construction of the vessels has been commissioned by Airbus as part o
‘World’s first’ subsea power hub for floating wind to be tested in Norway
Aker Solutions and the Marine Energy Test Centre (METCentre) in Norway have signed a front-end engineering and design (FEED) contract for a pilot project which will see Aker Solutions testing its new power transmission technology at the METCentre’s offshore test area that houses demonstration floati
World’s largest interconnector begins operating
The Viking Link electricity interconnector between the UK and Denmark has commenced operations, now transporting power between the two countries. Deemed the world’s longest land and subsea interconnector, the £1.7 billion Viking Link started commercial operations on December 29, 2023. The link has