Business Developments & Projects
UMAS: IMO’s 2030 and 2040 targets are ‘very close’ to 1.5°C pathway and spell the end of fossil-fuelled shipping
A recent analysis by UK-based maritime consultancy UMAS has shed light on the alignment of the Revised IMO GHG Strategy with science-based targets, which will require a strong and rapid response from national and regional governments as well as corporations alike. Failure to do so could relegate the
FSRU Independence takeover advances, KN selects unit’s technical operator
Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has announced that Norwegian capital company Hoegh LNG Klaipėda will serve as a technical operator for the floating storage and regasification unit (FSRU) Independence of the Klaipėda terminal for a minimum of five years.
TDI-Brooks wraps up deepwater geotechnical gig in Black Sea
TDI-Brooks has completed phase four of a deepwater, geotechnical coring and CPT project for DenAr Ocean Engineering.
After Saipem, Rosetti Marino confirms work on new FSRU project off Italy
Rosetti Marino has been hired by Snam Rete Gas for work on the facilities for a FSRU to be developed for deployment in the Adriatic Sea.
UK’s zero-emission shipping projects get £80mln financial support
The UK Government has revealed the winners of the Zero Emission Vessel and Infrastructure fund (ZEVI), supporting economic growth and boosting the UK’s decarbonisation efforts with £80 million investment.
Van Oord christens its second cable-laying vessel
Van Oord has christened the newest member of its fleet, a next-generation, custom-built cable-laying vessel in the Netherlands.
In focus: Road to net zero has become much bumpier
Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in
Van Oord to build Hollandse Kust West VI – ‘The most ecological wind farm yet’
Van Oord and Ecowende, a joint venture of Shell and Eneco, have agreed to collaborate on the construction of the Hollandse Kust West VI offshore wind farm, with the contract(s) for the work to be signed later this year. This will be the most ecological wind farm yet, said Van Oord, whose contract(s)
Industry unites to praise ‘fantastic day’ for UK tidal energy sector
Industry associations, research centers and supported developers have all unanimously welcomed the results of the latest renewables auction in the UK – where 53MW of tidal stream projects won contracts – deeming the outcome a ‘resounding vote of confidence’ in the increasingly mature tidal energy se
UK’s oil & gas, offshore wind, CCS, and hydrogen investments to hit whopping £200 billion by 2030
The UK’s total offshore energy investment in oil, gas, renewables and low-carbon energies could reach £200 billion this decade.
TEN bolsters green vessel fleet with scrubber-fitted MR pair
Greek shipowner TEN has signed construction contracts for two scrubber-fitted MR product tankers, the company revealed. These 50,000 dwt vessels, ordered in August from an unnamed shipbuilder, are slated for delivery in the first quarter of 2026. According to Intermodal, the vessels were ordered fro
Southern North Sea II and Utsira Nord 2023 seabed surveys completed offshore Norway
The seabed surveys have been completed for this year in the areas of Sørlige Nordsjø II (Southern North Sea II) and Utsira Nord offshore Norway. Over the past two years, seabed surveys have been carried out in the open areas of Southern North Sea II and Utsira Nord. The Utsira Nord surveys began in
The tide turns for marine energy projects in Wales
Marine Energy Wales has welcomed the announcement that four tidal stream projects, based in Welsh waters, have been given the green light to provide electricity to the National Grid, as part of the latest allocation round of the UK government’s renewable auction.
Post-installation survey next on the list for Viking Link
A post-installation survey is set to soon commence at the Viking Link project in the North Sea after Prysmian completed the last section of the submarine cable for the UK-Denmark interconnector. The last section was laid and assembled 172 kilometers off the Danish coast in German and Dutch waters on