Business Developments & Projects
LNG-powered MSC Euribia completes deep-water trials, prepares for inaugural season
MSC Cruises’ liquefied natural gas (LNG)-powered ship MSC Euribia has completed deep-water intensive systems tests during a four-day trial in the Atlantic Ocean, and will next receive her finishing touches at the Chantiers de l’Atlantique shipyard in Saint Nazaire, France, before being officially de
European partnership eyes new solutions for renewable energy transmission
SuperNode, an Irish developer of energy transmission technology based on superconductivity, and the European Laboratory for Particle Physics CERN are collaborating to develop a novel type of insulation for superconducting cables in an effort to improve energy transmission and accelerate the transiti
Dutch gov’t backs offshore wind-connected floating hydrogen and ammonia facility with €3 million
The Dutch government has awarded a €3 million grant to BW Offshore, Switch2, MARIN, TU Delft, and Strohm to develop a floating hydrogen and/or ammonia production and storage facility which will be connected to an offshore wind farm. The project, named OFFSET, involves building an industrial-scale fl
EU and Norway form Green Alliance on carbon capture, hydrogen and offshore renewables
The European Union (EU) and Norway have formed a Green Alliance to strengthen their cooperation on clean energy and industrial transition as well as joint climate action and environmental protection efforts. The agreement was signed on 24 April in Brussels by the President of the European Commission
Sigma Energy’s wave energy prototype shows no adverse effects on marine fauna
The University of Montenegro’s Institute of Marine Biology has assessed the impacts of Sigma Energy’s wave energy device on the ecosystem at the deployment site in the Adriatic Sea, finding it had no negative effects on the diversity of marine organisms.
UK and Netherlands unveil multi-purpose interconnector plans
The Netherlands and the United Kingdom have unveiled their plan to build what they say would be a first-of-its-kind electricity link to connect offshore wind between the two countries via interconnectors. LionLink, a multi-purpose interconnector that was announced today at the North Sea summit, coul
Minesto grows first quarter loss
Swedish marine energy company Minesto has started 2023 with an increase in net loss for the first quarter, when compared to the first three months of the year before.
James Fisher Subtech busy with fifth ‘major’ contract with BP
James Fisher Subtech (JF Subtech) is carrying out its fifth “major” contract with BP and foreshore terminal underwater inspection services at the oil & gas major’s import terminal in the South East of England. The targeted condition survey constitutes phase one of the maintenance project, completed
RWE teams up with Kellas Midstream for green hydrogen production
Energy companies RWE and Kellas Midstream have signed a memorandum of understanding (MoU) to explore the potential for large-scale green hydrogen production in Teesside, UK. RWE said the hydrogen production site will be located close to emerging hydrogen infrastructure and will leverage each of the
World’s first as IMCA approves Fugro’s ROV introductory training course
The International Marine Contractors Association (IMCA) has given approval to Fugro for its remotely operated vehicle (ROV) introductory training course. According to Fugro, this world-first endorsement ensures that only appropriately trained and competent individuals enter the ROV industry, helping
GTT sees high level of orders in Q1 2023, revenues of €80 million
French LNG containment specialist GTT has announced its revenues for the first quarter of the 2023 financial year. It said that in Q1, it achieved revenues of €80 million and received a high level of orders, 25 LNG carriers and one FLNG. The delivery of LNG carriers is scheduled between the first qu
UK player ‘disappointed’ with ruling in first rig arbitration case, as Keppel shipyard wins
Awilco Drilling has expressed disappointment with the arbitration tribunal ruling in favour of Keppel shipyard.
KCC links freight earnings to carbon reduction in shipping contract
KCC Chartering AS, a subsidiary of Klaveness Combination Carriers ASA and South32 Marketing Pte, a subsidiary of mining and metals company South32, have agreed to include a carbon pricing mechanism in their existing contract of affreightment (COA). In the six-year COA between KCCC and South32, annou
Alpha Gas welcomes newbuild 174,000 cbm LNG carrier
Greek ship management company Alpha Gas has taken delivery of its new LNG carrier from South Korean shipyard Hyundai Samho Heavy Industries (HSHI). With a cargo capacity of 174,000 cbm, the LNG carrier Energy Fidelity is the newest addition to Alpha Gas’ in-house commercial and technical management.