Outlook & Strategy
AtoB@C Shipping, Yara International extend sustainability-driven cooperation
AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, and Norway’s Yara International, a crop nutrition company and a provider of environmental and agricultural solutions, have extended the existing contract of affreightment until 2033.
Wales introduces strategic resource areas for tidal stream energy
Wales has taken a step forward in marine planning by introducing its first Strategic Resource Areas (SRAs) for tidal stream energy, aiming to foster the sustainable development of marine energy while safeguarding sensitive ecosystems. The Welsh government launched its first marine plan in 2019, layi
BIMCO: Containership orderbook skyrockets to new record high of 8.3M TEU
The global containership order book hit a new record in 2024 as the sector prepares to replace aging ships that are not compliant with new environmental regulations. On the other hand, the scrapping volumes are steadily declining, falling in the last three years well below average figures.
Kongsberg Discovery expands with purchase of subsea monitoring provider
Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, has acquired compatriot Naxys Technologies, a provider of underwater environmental monitoring solutions, specializing in recognizing the sound of oil & gas leaks. Formed in 1999, Naxys Technologies’ c
NuProShip project aims to enliven nuclear propulsion in deep sea shipping
Three different nuclear reactor concepts within the Generation IV domain are being studied as part of the Norwegian Nuclear Propulsion in Shipping (NuProShip) project which explores nuclear propulsion for the maritime sector.
Galp looking for new leader as CEO steps down ‘for family reasons’
Chief Executive Officer (CEO) and Vice-president of the board of directors of Portugal’s oil and gas company Galp has tendered his resignation from both positions.
TRIG to provide renewable electricity for hydrogen project in Port-La Nouvelle
The Renewables Infrastructure Group (TRIG) has entered into a power purchase agreement (PPA) to supply Hyd’Occ, a green hydrogen facility in Port-la Nouvelle, with renewable electricity from its onshore wind farms located in the Occitanie region.
DeepOcean to reunite with high-spec subsea vessel under new charter contract
DeepOcean is reuniting with the high-spec subsea vessel Orient Adventurer under a charter contract with Taiwanese Dong Fang Offshore (DFO) which will see the vessel join the Norwegian company’s fleet from early 2026 until the end of 2027. DeepOcean will use Orient Adventurer primarily in Europe, but
International e-NG alliance expands with nine new members
The e-NG Coalition, an international alliance promoting e-NG in energy transition, has been joined by nine new members.
Danish companies unite to provide integrated autonomous subsea survey system
Danish maritime technology companies EIVA and Tuco Marine have set up a new partnership to provide integrated autonomous systems for inspecting subsea assets. The idea includes Tuco Marine’s ProZero 8m Naval Intelligence uncrewed surface vessel (USV) sailing to an area of interest and launching EIVA
SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts
With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are antici
JLR signs up for UECC’s initiative to reduce emissions through bioLNG use
United European Car Carriers (UECC) has added luxury vehicle manufacturer JLR to its initiative for using low-carbon liquefied biomethane (LBM) in maritime transport, enabling the former to achieve sustainability goals in its global logistics chain.
Interim CEO takes the helm at Trillion as previous one retires
Canada’s oil and gas player Trillion Energy has named an interim Chief Executive Officer (CEO) and added two new members to its management team following the resignation and retirement of its current CEO and Director.
Provaris, Uniper and Norwegian Hydrogen move forward with hydrogen supply deal
Provaris Energy, Uniper Global Commodities and Norwegian Hydrogen have signed a conditional term sheet for the supply, transport and offtake of hydrogen from Nordics to North-Western Europe.