Business Developments & Projects
Wärtsilä, CCS, Tianjin Port team up on intelligent vessel standards, next-gen tug tech
Wärtsilä Voyage, part of Finnish technology company Wärtsilä, has signed a memorandum of understanding (MOU) with the China Classification Society (CCS) and Tianjin Port to advance China’s intelligent vessel technology and deploy next-generation tugboat technology at one of the busiest ports in the
NEO Energy buying JX Nippon’s UK assets for $1.7 billion
UK-based oil and gas company NEO Energy is buying JX Nippon Exploration and Production (U.K.) Limited for about $1.7 billion.
National Grid and Siemens’ new tool to help decarbonise UK ports
UK-based National Grid Electricity Transmission (NGET) and German Siemens have teamed up to launch a decarbonisation tool that will help UK ports meet their net-zero targets.
Noreco CFO taking over as acting managing director after CEO resigns
Noreco has revealed that its CEO resigned from the position, while its CFO has been appointed as the new managing director of the company.
Financing of Sustainable Marine and Freshwater Infrastructure report available
Central Dredging Association (CEDA), the International Association of Dredging Companies (IADC) and Vital Ports recently presented “Financing of Sustainable Marine and Freshwater Infrastructure” report. Together with B Capital Partners and Swiss Re, they explored what is needed in order to improve t
In focus: Bit by bit, energy transition takes a more solid shape
The energy transition is taking a more concrete shape with each passing day as witnessed in a week behind us that was full of announcements favoring the net-zero future coming from governments, across investment banks, all the way to private offshore energy companies.
Siem Dorado scores another offshore wind deal
Norway-based Siem Offshore has secured another offshore wind contract for its multi-purpose support vessel (MPSV) Siem Dorado.
JR Shipping presents next-gen green feeder vessel designs
Dutch shipping company JR Shipping has unveiled its ECO Feeder program, a series of new ship designs in the container feeder vessel segment.
Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for the foreseeable future
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.
Baltic Pipe readies for next construction milestone
The pipeline end manifold (PLEM) structure, which is going to connect the Baltic Pipe with the Norwegian gas pipeline Europipe II, will soon be installed onto the seabed.
Denmark grants funds for Crestwing’s wave energy device optimisation
The Technical University of Denmark (DTU) and Aarhus University (AU) have teamed up on a research project that aims to optimise the efficiency of Crestwing’s wave energy converter.
Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves
President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.
€420M green shipping fund launched in the Netherlands
Amsterdam-based sustainable investment management company Prow Capital has launched a €420 million (about $474 million) green shipping fund.
Liquid Wind secures $16.9M for eMethanol facility
Swedish power-to-fuel developer Liquid Wind has received €15 million ($16.9 million) for its FlagshipONE eMethanol fuel-producing facility from Swedish Climate Leap.