Business Developments & Projects

DSME scores more LNG carrier orders from Maran Gas
Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) has received orders worth $2.72 billion for 8 ships including LNG carriers from the Greek shipping company Maran Gas.

FPSO redeployment uncertainty puts BW Offshore into impairment mood again
BW Offshore has warned of impairment to the value of five FPSO units due to limited potential for future redeployment.

Terntank’s hybrid tanker puts in motion zero-emission port operations
On 10 February, Tern Island, Tertank’s new vessel that emits no greenhouse gases (GHG) or carbon particulates, arrived at Gothenburg Port performing zero-emission port operations.

Ocean Sun consolidates 2021 earnings
Norwegian floating solar specialist Ocean Sun has released financial results for the fourth quarter and full year of 2021.

New North Sea deal for Bilfinger UK to create 300 jobs
Bilfinger UK has secured a major contract to deliver fabric maintenance campaign services on TotalEnergies’ platforms in the UK North Sea.

Sabella closing in on €1.5M crowdfunding target
French tidal energy company Sabella has crossed a €1 million milestone in its ongoing crowdfunding campaign which remains open until the end of this month.

Basque Government grant backs project to optimize O&M in floating wind
The Basque Government has allocated a grant to a project dedicated to developing floating wind operation and maintenance technologies, including underwater image recognition technology for subsea asset integrity. The Integrated solutions for Floating Wind O&M through the development of new technolog

UK and Scottish governments seal the green freeports deal
The UK and Scottish governments have reached a partnership agreement to establish two green freeports in Scotland, reflecting the country’s net-zero aspirations.

North Sea operator hires Simon Møkster vessel
Simon Møkster Shipping has secured a new deal for one of its platform supply vessels with an undisclosed North Sea operator.

Vox Amalia busy on northern Europe’s largest infrastructure project
Van Oord’s trailing suction hopper dredgers (TSHD) Vox Amalia is currently busy working on northern Europe’s largest infrastructure project – the Fehmarnbelt tunnel. When completed, the project will remove a bottleneck, reduce travel time and strengthen links between Scandinavia and Central Europe.

In focus: ‘Hydrogen to go, please’
Another week has gone by with (green) hydrogen filling our headlines, from new hydrogen carrier projects and hydrogen-powered vessels, to oil giants looking at hydrogen as the next best thing to invest into as they start adding new revenue drivers.

Energy Observer 2 shows that zero-emission cargo ship tech is here
The Ship It Zero coalition welcomed a new zero-emission cargo ship design unveiled by Energy Observer and called on big retailers to use this moment to move their business to ocean shipping carriers that can offer zero-emission shipping solutions.

Minesto’s tidal energy dragons in action (Video)
Swedish company Minesto has released a video showing a scale model of its next-generation Dragon Class tidal energy plants under trials in Northern Ireland.

Solstad scores renewables trifecta
Norwegian vessel owner Solstad Offshore has secured contracts within the renewable energy sector for three of its subsea construction support vessels (CSVs). Normand Cutter is in charge of carrying out a 110-day firm contract for a cable project in Northern Europe. Work is set to commence this month