Business Developments & Projects
Future Proof Shipping picks Ballard’s fuel cells for retrofit of its 2nd containership
Dutch marine transportation service provider Future Proof Shipping (FPS) has selected Ballard Power Systems to provide PEM fuel cells for the retrofitting of its second inland container vessel, the FPS Waal. Once the project is complete, the vessel will operate emissions-free, powered by green hydro
While focusing on energy trilemma, BP more than doubles its profit
BP has delivered high profits in the third quarter of 2022 on a year-on-year basis, driven by natural gas trading and elevated energy prices.
Subsea construction vessel trifecta for Solstad
Solstad Offshore has secured new contracts for three of its subsea construction vessels (CSVs) which have a combined time charter value of approximately NOK 1.6 billion (around €156.5 million). Havfram contracted Normand Vision for a period of three years firm, plus options for additional two years.
China commissions first offshore floating solar plant integrated with wind turbine
State Power Investment Corporation (SPIC) has put into operation the world’s first offshore floating solar power plant integrated with offshore wind turbine, at a site located off the coast of China’s Shandong Province.
World’s 1st zero-emission cruise ship to be classed by DNV
Northern Xplorer, a recently established Norwegian cruise venture, has selected classification society DNV to class its first zero-emission cruise ship.
PanGeo Subsea marks record year in acoustic corer contracts
PanGeo Subsea, a subsidiary of Kraken Robotics, is nearing completion of its busiest year so far in terms of acoustic corer contracts, valued at over $8 million in 2022. Earlier this year, PanGeo won a $5 million contract in the U.S. to support an oil platform decommissioning survey and acquire 63 o
MSC: CII methodology must be revised to avoid unintended penalizing of ships
MSC, the world’s largest ocean carrier by operated container vessel capacity, has backed the criticism of the impending carbon intensity indicator (CII) regulation amid fears that the methodology used might result in unintended consequences and penalization. Under the CII rating scheme, set to enter
Baleària orders second LNG-fuelled fast ferry
Spanish ferry operator Baleària has placed an order for the second liquefied natural gas (LNG) powered passenger and cargo fast ferry in Spain.
Ushant Island gets a glimpse of tidal powered-future
French company Sabella has reached a new milestone in the demonstration of its tidal energy technology and brought the Ushant Island closer to fully decarbonizing its energy supply system.
Offshore and nearshore survey work complete for 2 GW Scottish wind project
The developers of the West of Orkney Windfarm have completed its 2022 offshore and nearshore surveys for the project area, located around 25 kilometres off the Sutherland coast in Scotland. This milestone achievement covered geophysical and benthic surveys of the seabed across the 675 km2 offshore o
Valaris expects Australian contract suspension to have no impact on earnings
Offshore drilling contractor Valaris has revealed that some more work has been awarded to its rigs but another contract has been suspended.
SLB and Linde agree to collaborate on CCUS projects in hydrogen, ammonia and natural gas sectors
Global technology company SLB and industrial gases and engineering company Linde have entered into a strategic collaboration on carbon capture, utilisation and sequestration (CCUS) projects to accelerate decarbonisation solutions across industrial and energy sectors. The collaboration will focus on
Metocean measurement campaign to start at Scottish floating wind farm site
Partrac will soon deploy a floating LiDAR Buoy at the site of the Buchan floating wind project offshore Scotland, which is being developed by Floating Energy Allyance (FEA), a consortium comprising BW Ideol, Elicio, and BayWa r.e. The deployment is estimated to be carried out on 15 November, subject
Wind propulsion technology has a bigger role to play in decarbonizing shipping
Wind propulsion needs to be integrated into the regulatory process as soon as possible, and declassified from a ‘fuel efficiency measure’ to a ‘propulsive power provider’, according to a recently submitted paper by several member states and the International Windship Association (IWSA). The document