Swedish wave energy company Seabased has signed a memorandum of understanding (MoU) for the development of 10MW wave energy plant offshore the Polynesian country and archipelagic state of Tonga.
Classification society American Bureau of Shipping (ABS) has launched a joint development project (JDP) involving all the leading Korean shipyards and classification group Korean Register (KR) to address a growing need in the calculation of greenhouse gas (GHG) Scope 3 emissions.
Hydrogen Europe, Hydrogen Europe Research, and EURAMET (the European Association of National Metrology Institutes) have signed a Memorandum of Understanding (MoU) to foster cooperation for the mutual benefit of the associations, in support of hydrogen research and technology requiring metrological k
South Korea’s shipbuilding major Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, has signed an agreement with Avikus, a compatriot startup specializing in autonomous navigation solutions, to conduct a fuel-saving verification project using autonomous navigation systems. The pr
300 terawatt hours (TWh) of green hydrogen could potentially be produced using electricity from offshore wind farms in the North Sea by 2050, and used not only to decarbonize hard-to-abate sectors but also to boost the security of energy supply in Europe, a new study has shown. The “Specification of
Costamare, Monaco-based owner and provider of containerships and dry bulk vessels for charter, has invested $200 million in Neptune Maritime Leasing Limited, becoming the leading investor in the growth-oriented maritime leasing platform. Neptune Leasing, established in 2021 by seasoned financier Har
Equinor spent two days in court two weeks ago, tackling the court scrutiny over the development of its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador, as Ecojustice set out to overturn the government’s approval for this $12-billion project. The outcome of this chall
Infrastructure system operators GASCADE and Fluxys have highlighted the significant advantages of an offshore hydrogen backbone in the North and Baltic Seas in the ‘Specification of a European Offshore Hydrogen Backbone’ study commissioned to the classification society DNV. According to the companie
Seven new members have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), launched in September 2022. New members of the Methane Abatement in Maritime Innovation Initiative (MAMII) include CoolCo, United Overseas Management, Capital Gas, Celsius Tankers, Global Meridian Holdings
Oneka Technologies, a developer of wave-powered desalination solutions, has teamed up with Canada’s Ocean Supercluster on a new project whose aim is to scale up the company’s wave energy-driven desalination technology to utility scale.
Hutchison Ports, a global port operator, has revealed $700 million investments in two major projects in Egypt – Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to over $1.5 billion. The company aims to ex
Polish and Ukrainian gas transmission system operators (TSOs) have discussed their future cooperation and issues related to natural gas transmission infrastructure in order to enhance energy security in the region. On 15 March, Poland’s GAZ-SYSTEM and the Gas Transmission System Operator of Ukraine
Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has provided an overview of key achievements and progress made in the ocean energy sector in its new annual report for 2022.
Netherlands-based Elegant Exit Company (EEC) has signed a Memorandum of Understanding (MoU) with Spain’s Astander Shipyard to collaborate on ship recycling initiatives. Located at the southern end of the Port of Santander, Northern coast of Spain, Astander is a shipyard with 130 years of expertise i
