Business Developments & Projects
Rotterdam and Oslo to create a green corridor with Samskip’s hydrogen-fueled ships
The City of Rotterdam and the City of Oslo have signed a Memorandum of Understanding (MoU) to establish a green corridor for short-sea shipping that will be served by Samskip’s next-generation zero-emission SeaShuttle vessels. Under the partnerships, the two European port majors will work on acceler
Public consultation dates set for second Italy-Greece interconnector
Italian transmission system operator (TSO) Terna has scheduled public consultations in seven municipalities that will be affected by the construction of an interconnector that will be built between Italy and Greece. Terna is expected to invest €750 million in the GR.ITA 2 interconnector which will i
CRI and Jiangsu Sailboat inaugurate CO2-to-methanol plant
Iceland’s Carbon Recycling International (CRI) and China’s Jiangsu Sailboat Petrochemical have started up a CO2-to-methanol plant, marking a milestone in the global effort to boost the production of sustainable methanol. The opening ceremony took place on September 25, 2023, at the Shenghong Petroch
Europe’s 1st all-electric tug on the horizon as part of Port of Antwerp-Bruges tug renewal deal with Damen
The Port of Antwerp-Bruges has placed an order for six new tugs with Dutch shipbuilder Damen as part of the company’s ongoing fleet renewal. The series includes five diesel-powered RSD Tugs 2513, equipped with Damen Marine NOx Reduction System, and one electric tug, which has been described as Europ
Havkraft teams up with Equinor to explore wave power for lowering offshore drilling emissions
Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.
Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says
The damage to the Balticconnector gas pipeline between Finland and Estonia was not caused by the normal gas transmission process, Finnish transmission system operator (TSO) Gasgrid reported following the launch of an investigation into a leak announced earlier this week. Gasgrid Finland informed tha
TotalEnergies and QatarEnergy strengthen ties with 27-year LNG supply deals to bolster France’s energy security
QatarEnergy has inked two long-term LNG sale and purchase agreements (SPAs) with TotalEnergies for the supply of up to 3.5 mtpa of LNG.
Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers
Athenian Sea Carriers, a Greek shipping company, has exercised options for the construction of four eco-chemical tankers at the Chinese shipbuilding company Wuchang Shipbuilding Industry Group. These vessels, with a deadweight of 18,500 tons (dwt), are set to meet the highest environmental standards
Jan De Nul and Hellenic Cables win export cable contract in Poland
A consortium of Jan De Nul Group and Hellenic Cables has won the contract to design, manufacture, transport, and install a package of four 220 kV HVAC export cables to connect the Baltyk II and Baltyk III wind farms in the Polish Baltic Sea to shore. Developed by the joint venture of Equinor and Pol
Trafigura to become majority owner of H2 Energy Europe
Swiss commodity trading group Trafigura has made an agreement with compatriot H2 Energy Holding founders to increase its shareholding in H2 Energy Europe to become majority owners, with the founders retaining minority ownership. In addition, Trafigura said the company retains its support for and min
Will a net-zero dash enable the UK to reap more benefits?
New poll shows the majority of British people are in favor of hastening the UK’s net-zero aspirations, thus, more green policies are seen as a safe bet for winning incoming elections.
Repair yard shortage puts maritime energy transition at risk
A shortage of repair yards with experience in conversions may hinder the take up of alternative fuel technology by the existing fleet, according to the findings from LR’s new Engine Retrofit Report. The report has identified that retrofitting a significant number of the 9,000 and 12,900 large mercha
ENCORE project reaches conclusion with four offshore renewable technology demos under its belt
The Interreg 2 Seas-funded ENCORE project has reached its formal closure after three years, having ‘successfully propelled’ four innovative tidal energy, offshore solar and wave energy technology solutions.
RINA launches six-year Hydra project
Classification society RINA has announced the start of the six-year research Hydra project, which by 2025, aims to create a 100% hydrogen-fueled pilot plant capable of producing up to seven tons of steel per hour, with a significant reduction in carbon emissions. The €88 million Hydra initiative is