Business Developments & Projects
WATCH: Green-methanol-powered Laura Maersk takes to the seas
Laura Maersk, the world’s first containership powered by green methanol, has set sail from Copenhagen, Denmark officially commencing her operations. Maersk, the owner of the groundbreaking ship, shared video footage of the vessel departing the Toldboden area of the Copenhagen harbor near the headqua
Hapag-Lloyd CEO: Industry must work together to create a level-playing field
The shipping industry needs to work together to accelerate the energy transition and establish a level playing field, ensuring Europe’s competitive edge on the global stage, Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said yesterday in a powerful address at the European Shipping Summit (ESS) in Bruss
DEME Offshore bags Hollandse Kust Zuid rock installation contract
Vattenfall has contracted DEME Offshore to carry out rock berm installation works at Hollandse Kust Zuid offshore wind farm site in the Netherlands. According to Vattenfall, rock installation works will take place between the fourth quarter of 2023 and the first quarter of 2025. “Based on lessons le
Woodmac: Europe’s carbon border adjustment sparks decarbonization and price surge
A recent report from Wood Mackenzie titled “Playing by New Rules: How the CBAM Will Change the World” sheds light on the potential consequences of the European Union’s Carbon Border Adjustment Mechanism (CBAM). The Carbon Border Adjustment Mechanism, a policy that will require producers of goods imp
MSC-Fincantieri deal for two new hydrogen-powered ships stands
The Cruise Division of MSC Group has confirmed firm orders for two hydrogen-powered vessels for its luxury travel brand Explora Journeys with the Italian shipbuilder Fincantieri and pledged to continue its push towards a net zero-carbon emissions target by 2050 by investigating additional new and ad
Spain backs Carnegie with €1.2M for CETO wave energy device deployment
The Spanish government has awarded €1.2 million to Carnegie Clean Energy’s AGUAMARINA project to enhance and extend the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country.
Norway’s gas output continues its downward plunge while oil goes up a notch
Norway saw a slight rise in oil production in August 2023 compared to the NPD’s predictions and the volume seen last year.
ESPO concerned over carbon and business leakage as EU ETS nears implementation
As the European Union (EU) prepares to implement the EU Emission Trading System (ETS) directive for the maritime sector, the European Sea Ports Organisation (ESPO) has raised concerns about the potential for carbon and business leakage due to the current legislation’s limited scope. The EU ETS direc
Dual-fuel VLCC Antonis I. Angelicoussis acquires Green Award certification
Greek-flagged LNG dual-fuel very large crude carrier (VLCC) Antonis I. Angelicoussis has received a certification from the Green Award Foundation, becoming the first of its kind to join the Green Award program. The certification includes the Green Award greenhouse gas labels CO2 (level 1) and CH4. T
UK marine surveying company changes hands
UK offshore wind solutions provider OEG Renewables (OEGR) is targeting a strengthened position in the survey market with the acquisition of GEOSIGHT, a compatriot marine surveying company working on offshore renewable energy, subsea cables and civil projects. GEOSIGHT, founded in 2016 and headquarte
French company seeking contractors to design offshore hydrogen ecosystem
A French company specializing in renewable energy production has issued a contract notice seeking contractors for the design and supply of an offshore hydrogen production and transport ecosystem. EDF Renewables, a wholly-owned subsidiary of the French utility EDF Group, published the contract notice
Wello files for bankruptcy and ceases wave energy operations
Fifteen years after its establishment, the Finnish company Wello has declared bankruptcy and ceased operations following the failure of two of its full-scale Penguin wave energy devices in real sea conditions, the last of which occurred offshore Spain in late 2021.
WinGD, KSS Line forge alliance on ammonia-powered future
Swiss marine power company WinGD has signed a memorandum of understanding with South Korean shipowner KSS Line to explore X-DF-A dual-fuel ammonia engines for future newbuilds. WinGD is due to begin validation of its ammonia-fuelled engine concept on single and multi-cylinder test engines, in Winter
Geotechnical investigation contract awarded for 3 GW Scottish floating wind project
Geoquip Marine has secured a contract to gather engineering data to support a proposed floating offshore wind project in Scotland that is being developed by ScottishPower and Shell. To support the MarramWind project, Geoquip Marine is set to perform a complete geotechnical investigation to gather so