Business Developments & Projects
Subsea cable in place for HiWave-5 wave energy connection
CorPower Ocean and Maersk Supply Service have installed a subsea export cable off the coast of northern Portugal to energize the HiWave-5 wave energy project.
Stena Bulk, Alfa Laval join the world’s 1st project to demonstrate end-to-end shipboard carbon capture
The Global Centre for Maritime Decarbonisation (GCMD), Oil and Gas Climate Initiative (OGCI), Stena Bulk, and Alfa Laval have launched a joint project to investigate the on-board capture, storage and off-loading of carbon dioxide (CO2). During a two-year-long project, divided into three stages, a se
Dolphin Drilling confirms rig contract in Nigeria
Dolphin Drilling has confirmed the award of a 12-month contract for Blackford Dolphin by General Hydrocarbons Limited (GHL) in Nigeria.
Ex-JDR CEO takes the helm at Geoquip Marine
Offshore geotechnical data acquisition, analysis and reporting specialist Geoquip Marine has appointed ex-president and CEO of JDR Cable Systems Richard Turner as its new chief executive officer (CEO), succeeding Stewart Higginson. Stewart Higginson, former CEO, is moving to the role of executive ch
As supply crunch hits Europe, Trillion bankrolled for natural gas production ramp-up
Trillion Energy is hoping to alleviate the gas supply crunch by scaling up natural gas production in Q4 2022.
PSA joins The Silk Alliance to help drive maritime decarbonisation
Singapore-based port operator PSA Corporation has joined The Silk Alliance, a cross supply-chain maritime partnership dedicated to the development of a fleet-specific fuel transition strategy for containerships operating in Singapore and the wider Asia region.
With UK’s next licensing round around the corner, activists demand a stop to new oil & gas
As the UK gets ready for an oil & gas licensing round, activists have devised roadblocks, demanding a halt to new fossil fuel projects.
Hapag-Lloyd splashes $1 billion on SAAM’s port terminals & logistics business
German liner shipping company Hapag-Lloyd has signed a binding agreement with Chilean operator of port, towage and logistics services Sociedad Matriz SAAM for the acquisition of 100% of shares of SAAM Ports and SAAM Logistics as well as real estate assets related to the logistics business. The trans
Argeo inks five-year bareboat contract for 2001-built vessel
Argeo has entered into a five-year bareboat contract for Argeo Searcher, with an option to purchase the vessel for $2 million after 12 months and $1 million after 27 months. Argeo Searcher, formerly known as Ocean Pearl, will operate in the North and South America (NSA) and West Africa (WA) energy m
MOL joins Blue Visby Consortium to cut ship emissions using digital tech
Japanese shipping major Mitsui O.S.K. Lines (MOL) has become a member of the Blue Visby Consortium which aims to reduce greenhouse gas (GHG) emissions from vessels by developing a digital technology-based platform.
Finnish wave energy company secures DNV certification
Nearshore wave energy technology developer AW-Energy has received certification from the global classification society DNV, confirming the company’s compliance with international standards.
Prysmian begins cable production for first UK-Germany energy link
Prysmian has begun the production of over 725 kilometers of cabling for the NeuConnect interconnector that will link the UK and Germany for the first time, three months after the project reached financial close. Prysmian won a contract earlier this year to design, manufacture, install, test and comm
MAN ES to convert NCL cruise ship engine to dual-fuel methanol op
German engine manufacturer MAN Energy Solutions has signed a memorandum of understanding with American cruise company Norwegian Cruise Line Holdings (NCLH) for the retrofit of the four-stroke MAN 48/60 engine to dual-fuel operation.
Industry bodies urge EC to renew vessel sharing regulation to cut emissions & increase efficiency
Sharing space on vessels contributes to the reduction of transport emissions, increases competitiveness, and improves efficiency to cut costs, top shipping industry bodies told the European Commission, asking for the renewal of the Consortia Block Exemption Regulation (CBER). The regulation, which e