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Market Outlooks

John Fredriksen eyes full control of Avance Gas

Norwegian-born Cypriot oil tanker and shipping billionaire businessman John Fredriksen is looking to gain full control over Bermuda-based liquefied petroleum gas (LPG) transportation company Avance Gas Holding.

about 5 years ago

Arup developed two structural designs to demonstrate cost reduction potential using concrete (Courtesy of Arup Group)

Market Outlooks

Arup, WES create Convex tool to showcase cost-cutting benefits of concrete for wave energy

Arup Group has found that replacing steel with concrete could reduce the costs of floating wave energy converters by 20%, as part of a project funded by Wave Energy Scotland (WES). Also, a new decision-making tool dubbed Convex has been developed to help wave energy device developers assess the feas

about 5 years ago

Photo showing the inauguration of the Slow Mill wave energy prototype (Courtesy of Slow Mill/Photo by TK Photography)

Market Outlooks

Slow Mill device braces up for North Sea waves

Dutch wave energy company Slow Mill Sustainable Power has come closer than ever to the first real sea demonstration of its wave energy prototype, which is currently undergoing final assembly before taking on the challenge of producing clean and renewable energy off the shores of the Netherlands.

about 5 years ago

Photo showing the new and improved HarshLab (Courtesy of Tecnalia)

Market Outlooks

Tecnalia unveils largest floating test lab for offshore industry

Spanish research and technological development centre Tecnalia has unveiled a new version of the HarshLab laboratory with increased features and capabilities to carry out tests and research and development activities to address the needs of offshore industries and increase their competitiveness.

about 5 years ago

Market Outlooks

Shipping’s decarbonization quest: 30,000 existing ships ready for wind propulsion tech

As the maritime industry’s quest for the best possible decarbonization has intensified, wind propulsion systems are gaining traction around the globe.

about 5 years ago

Illustration/Deployment of HydroQuest tidal energy turbine (Courtesy of HydroQuest)

Market Outlooks

Qair partners up with Bretagne Ocean Power for tidal energy, green hydrogen and floating wind

French independent renewable energy producer Qair has signed a partnership agreement with business accelerator for marine renewable energy Bretagne Ocean Power to jointly contribute to the deployment of floating offshore wind, renewable hydrogen and tidal stream energy in the French region of Britta

about 5 years ago

Market Outlooks

Uniper eyes hydrogen supplies from Middle East

Germany’s energy company Uniper wants to buy hydrogen from Middle East producers in order to achieve carbon-neutrality by 2035 for its European operations.

about 5 years ago

Market Outlooks

Maersk offloads container manufacturer for $987.3M

Danish container logistics giant A.P. Moller – Maersk has decided to sell its reefer manufacturer, Maersk Container Industry (MCI), to China International Marine Containers Ltd. (CIMC).

about 5 years ago

Market Outlooks

Mojo Maritime rebrands to James Fisher Renouvelables

French renewable energy services provider Mojo Maritime has announced plans to rebrand to James Fisher Renouvelables to offer full portfolio of services and capabilities to marine renewable energy projects in France.

about 5 years ago

Photo showing the technology license agreement signing (Courtesy of Ocean Sun)

Market Outlooks

Ocean Sun inks first floating solar deal in China

Norwegian floating solar specialist Ocean Sun has signed an agreement to license its proprietary floating solar technology to the developer Sunneng Technology for the construction of a 1MWp pilot in China’s Province of Shandong.

about 5 years ago

Market Outlooks

In focus: Converting jack-up rigs and combining offshore wind & hydrogen for low-carbon future

This week saw a plethora of energy transition-related news across the offshore energy industry with updates telling of alternative deployments for offshore drilling rigs, new projects combining offshore wind and hydrogen, the urgency to decarbonise the shipping sector, and more.

about 5 years ago

Market Outlooks

Samskip acquires Sea Connect to expand Baltic Sea footprint

Dutch transport group Samskip has decided to acquire Lithuanian shortsea specialist Sea Connect, broadening its Baltic operations.

about 5 years ago

Market Outlooks

Meyer Group steps into green mega yacht market

German shipbuilder Meyer Group has decided to enter a new market segment — at the Monaco Yacht Show, the company will for the first time show a mega yacht concept powered entirely by fuel cells and batteries.

about 5 years ago

Market Outlooks

Global seismic vessel fleet at pre-Covid level as energy transition jobs ramp up

Seismic vessel utilization has recovered to pre-Covid-19 levels in the third quarter of 2021, with about 68% of the global fleet now surveying or underway, according to a recent report by Rystad Energy. The seismic industry took a hit by the Covid-19 pandemic for several quarters, keeping nearly hal

about 5 years ago