Business & Finance
EuropeWave launches wave energy concept development tender
The €20 million EuropeWave project has invited wave energy developers to apply for funding via its innovative pre-commercial procurement (PCP) programme.
CMA CGM, Elengy & others to study production of BioLNG
French liner major CMA CGM has teamed up with EveRé, operator of the multi-process household waste treatment plant, Elengy, a subsidiary of Engie, and TotalEnergies to study the feasibility of creating France’s first production unit for liquefied biomethane (BioLNG). BioLNG, a low-carbon alternative
KfW IPEX-Bank supports Hapag-Lloyd’s LNG-powered ULCV project with green loan
German container shipping major Hapag-Lloyd has secured from compatriot KfW IPEX-Bank its second green loan within six months aimed at financing the construction of six LNG-powered ultra large container vessels (ULCVs).
In focus: Heating up the energy transition
The latest developments from the offshore energy industry related to the ongoing energy transition.
MeyGen delivers record-breaking 37GWh to UK grid as SIMEC Atlantis trims year-end losses
SIMEC Atlantis Energy, the developer of the MeyGen tidal energy project, has reduced the financial losses for 2020 – the year in which MeyGen tidal array exported over 37GWh of clean power to the UK grid, breaking every record for tidal energy production set so far.
Aker Solutions to modify Draugen platform for Hasselmus gas
Aker Solutions has won a contract from OKEA for modifications on the Draugen platform to enable the processing of gas from the Hasselmus discovery. The contract includes engineering, procurement, construction, installation and commissioning (EPCIC) of new equipment. The scope covers hook-up of a new
Toft: We are consuming too much fuel and have too many ships in the networks
The container shipping industry has been faced with an unprecedented congestion crunch over the past year and a half, driven by COVID-19 related labour shortages, as well as handling capacity limits resulting in major disruption across the global ports. Massive swings in container shipping demand co
Angela Merkel and Boris Johnson show support for UK-Germany power link
German Chancellor Angela Merkel and UK Prime Minister Boris Johnson have outlined their support for the NeuConnect interconnector between Germany and the UK. The two European leaders spoke about the NeuConnect project today, 2 July, as part of Merkel’s visit to the UK to meet Johnson. “Collaboration
Navios Partners to acquire five drybulk vessels
Dry cargo vessel owner and operator Navios Maritime Partners has inked a deal to acquire five drybulk vessels for a total of approximately $182.3 million.
Danaos takes full ownership of Gemini
Danaos Corporation has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation. Gemini is a Marshall Islands company incorporated in August 2015 and beneficially owned 49% by Danaos Corporation and 51% by Virage International, a company con
European recovery fund uplifts Dutch offshore floating solar ambitions
One of the largest funding programmes of the European Union, launched to accelerate the economic recovery following the coronavirus pandemic, has provided a substantial subsidy for the development of an offshore floating solar farm off the coast of The Hague in the Netherlands.
BIMCO: 277 boxships changed hands in H1 2021
During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020, data from Vessels Value shows. The jump testifies to a red-hot container market that has fueled demand for tonnage, not only in the charter market,
De Nora wraps up acquisition of UV Technologies Division
De Nora, an Italian supplier of sustainable technologies, has formally completed the acquisition of the UV Technologies Division (CCUV) from Pennsylvania-based Calgon Carbon Corporation.
Triumph Subsea and Harland & Wolff’s wind farm vessel deal off, Triumph says InfraStrata’s statement ‘misleading’
The Letter of Intent (LoI) for the construction of a Windfarm Development Vessel (WDV) – issued last year by Triumph Subsea Services to InfraStrata plc – has been formally cancelled, Triumph Subsea said after InfraStrata reported the LoI had been set aside as the shipbuilder was not confident the pr