Business Developments & Projects
Wärtsilä partners with Microsoft to enable future tech for ship autonomy, emissions reduction
Wärtsilä Voyage, part of Finnish technology company Wärtsilä, has entered into a strategic partnership with US technology corporation Microsoft.
Höegh LNG offers buyout of Höegh LNG Partners
Norway’s floating terminal projects company Höegh LNG wants to buy all publicly held common units of the Bermuda-based Höegh LNG Partners in exchange for $4.25 in cash per common unit.
NOVATEK and RWE join in on LNG supply and decarbonisation
Novatek, Russia’s natural gas producer, and RWE Supply & Trading, the trading unit of German utility RWE, have signed a memorandum of understanding (MoU) to cooperate on LNG supply and decarbonisation.
Ernst Russ boosts fleet with 12 feeder vessels
German shipping company and maritime investment manager Ernst Russ has decided to increase its stake in a fleet holding company, thereby expanding its fleet with twelve containerships.
North Sea Midstream Partners joins Acorn Project in UK
Storegga, Shell, and Harbour Energy have revealed that North Sea Midstream Partners has acquired stake in the Acorn CCS and Hydrogen Project in the UK.
North Sea Link to enter 2022 at reduced capacity
The North Sea Link (NSL) interconnector between Norway and the UK will operate at reduced capacity until mid-February 2022 following a fault detected in one of its converters, Norwegian system operator Statnett reported.
ENGIE and Masdar partner up for UAE green hydrogen hub
French energy company Engie and Abu Dhabi-based renewable energy developer Masdar have signed a strategic alliance agreement to explore the co-development of a UAE-based green hydrogen hub
Value Maritime: The future is bright for CCS tech in shipping
Dutch maritime technology company Value Maritime hit the headlines earlier this year as it developed what it claims to be the world’s first onboard CO2 capture and storage (CCS) unit for the maritime industry.
Ocean energy could create 1.2 million European jobs by 2050, report says
Europe could benefit from the €140 billion economic opportunity and 1.2 million new jobs by 2050 if it takes the lead in the global ocean energy market, a newly launched report states.
Cox Marine joins SHAPE UK to demonstrate world’s 1st diesel-hydrogen fuelled outboard
British diesel technology innovator, Cox Marine, has joined SHAPE UK, a consortium looking to transition Portsmouth International Port into the UK’s first zero-emissions maritime hub.
Dutch LNG-ZERO concept receives subsidy
Dutch maritime consortium has received financial aid for the LNG-ZERO concept, an ambitious research project originally introduced by TNO.
Fresh ocean energy event to act as catalyst for the sector
The Basque Energy Cluster and Ocean Energy Europe (OEE) have teamed up to deliver a joint event on ocean energy in 2022, expected to act as a catalyst for accelerated development of the sector.
TenneT issues cable link tender for IJmuiden Ver 2 GW offshore wind connections
TenneT has launched the tender for the 525 kV DC cable system for the Dutch IJmuiden Ver projects, which will see the transmission system operator (TSO) building at least two 2 GW offshore grid connections to link the wind farms in this wind energy zone to the national grid. The TSO, which expects t
Dutch consortium wins €24M research grant to accelerate use of methanol as marine fuel
Methanol as an Energy Step Towards Zero-Emission Dutch Shipping (MENENS) maritime consortium has been awarded a €24 million (about $27 million) grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry.