Business Developments & Projects
Ulstein to deliver concept design for fuel-efficient cable layer
Ulstein Design & Solutions has secured a contract with Malaysia-based Megamas Resources in partnership with Renaissance Technologies (RTM) to deliver the conceptual design of a fuel-efficient cable laying and repair vessel. According to Ulstein, the decision was taken in view of the shortage of cabl
CorPower Ocean’s wave energy device weathers through two major storms offshore Portugal
Swedish company CorPower Ocean has successfully verified the survival mode of its C4 wave energy device, weathering through two major storms along the Portuguese coast which unleashed waves of up to 13 meters.
Höegh Autoliners & Yara Clean Ammonia enter clean ammonia supply deal
Ammonia distributor Yara Clean Ammonia, a subsidiary of Yara International, and shipowner Höegh Autoliners, both Norwegian companies, have agreed on a future supply deal for clean ammonia. Höegh Autoliners noted that the partnership follows separate initiatives in both companies in two important par
Survey campaign wraps up at 2 GW Scottish offshore wind site
A geotechnical survey campaign has wrapped up at an offshore wind farm site in Scotland being developed by Ocean Winds, a joint venture between EDP Renewables and Engie. According to the project’s latest Notice to Mariners (NtM), the geotechnical survey within the Caledonia offshore wind farm site w
ABB to help Carnival optimize fleet performance, boost energy efficiency
Switzerland-based technology company ABB and the US cruise company Carnival Corporation have signed a long-term partnership agreement that will cover service for vessels powered by the Azipod XO electric propulsion system.
CIP, Flexens, and Lhyfe team up for integrated green hydrogen and OW production
Copenhagen Infrastructure Partners (CIP), Flexens, and Lhyfe have formed a partnership to develop and construct an integrated energy island solution enabling large-scale green hydrogen and offshore wind production on Åland, Finland. CIP, through Copenhagen Energy Islands, Lhyfe, and Flexens have dec
With contract backlog of $4.7 billion, Noble looks forward to ‘sustained long-term upcycle’
Noble Corporation has reported strong operational and financial performance during the third quarter of 2023.
Wärtsilä claims 41% additional methane slip cut from new engine
Finnish technology group Wärtsilä has introduced a new ultra-low emissions version of its 31DF engine that can reduce methane emissions by 41 percent more than the standard 31DF engine.
Hayfin invests in up to four methanol-ready Suezmaxes
Europe’s shipping investor Hayfin has placed an order for up to four ‘enhanced methanol ready’ Suezmax tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI). The contract includes two firm 158,000-dwt tankers and options for two more sister vessels with the delivery of the firm units sc
Plagazi and Litra join hands for transport and handling of circular hydrogen
Sweden’s Plagazi and Norway’s Litra have signed a letter of intent (LoI) that serves to state the intent for a commercial agreement between the two companies, which would enable Litra to undertake the transport of circular hydrogen from Plagazi to various industrial sites and off-takers. According t
IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign
The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.
LNG bunker vessel Alice Cosulich on its way to Europe
Italian shipowner Fratelli Cosulich’s inaugural LNG bunker vessel, Alice Cosulich, has set sail from Qidong, China, towards Europe. The 8,200 m3 ship embarked on its journey on Friday, October 27, 2023, Fratelli Cosulich revealed, adding that in Europe, the vessel will play a crucial role in meeting
New partnership targets cable-lay market
The Netherlands-based Huisman has signed a partnership agreement with ESD to expand its cable-lay product portfolio, with the aim of increasing its position in the offshore wind market. According to Huisman, the agreement will see the combination of ESD’s expertise in designing smart cable-lay solut
Norwegian floating solar developers partner up for greener aquaculture
Norwegian companies Ocean Sun and Inseanergy have formed partnership to supply the aquaculture industry with green energy using floating solar technology. Following the settlement of a patent dispute earlier this year, Ocean Sun and Inseanergy have entered into a cooperation agreement to supply gree