Outlook & Strategy
Damen, Herman Sr. shake hands on methanol-ready, diesel-electric multipurpose ship
Dutch shipbuilding major Damen Shipyards Group and compatriot tug and workboat company Herman Sr. have signed a letter of intent (LOI) for the construction of a new methanol-ready diesel-electric multipurpose vessel (MPV).
Fuel supply and clean energy players align efforts toward maritime climate neutrality
Finnish fuel supply systems provider Auramarine and British clean energy solutions supplier Quadrise Plc have joined forces to develop “innovative” solutions supporting maritime decarbonization. Auramarine and Quadrise have disclosed that this cooperation aims ‘to leverage the experience of both com
Norden and Meta seal sustainable maritime fuel offtake deal
Danish shipping company Norden has signed a sustainable maritime fuel offtake agreement with technology conglomerate Meta.
Dutch-Swiss duo sets sights on advancing marine hydrogen fuel cell solutions
Dutch maritime engineering company NIM and Swiss high-tech firm EH Group have joined forces to advance the development and standardization of hydrogen fuel cell drive trains tailored for the maritime industry.
BAR Technologies: New collaboration to bring WindWings to Japanese shipping market
BAR Technologies signed an MoU with Mitsubishi Corporation and Nihon Shipyard to deliver WindWings to the Japanese shipping market.
TGS picks up 2025 tasks in India and Europe
Norway-based energy data and intelligence company TGS has further expanded its 2025 to-do list with a 3D streamer contract in India and an ocean bottom node (OBN) contract in Europe, both set to be kicked off at the beginning of the year. TGS said it had secured a significant 3D streamer contract fo
Renewed focus on energy security prompts nearly $2 trillion investment in clean energy since 2020, IEA finds
The International Energy Agency (IEA) has published its first report exploring the evolution of the global energy policy landscape over the last 12 months by providing an overview of policies, legislation, spending, and general progress countries and sectors are making on their energy transition jou
Potential of e-fuels in shipping decarbonization under the spotlight in EMSA’s new report
While e-fuels are seen as viable solutions to support decarbonization, they can not be expected to play a major role in the global shipping sector by 2030 due to limited expansion, the European Maritime Safety Agency (EMSA) found in its latest report exploring alternative fuels and decarbonization t
Hydrogen Europe and H2Chile strengthen hydrogen ties
Hydrogen Europe and the Chilean Hydrogen Association (H2 Chile) agreed to collaborate on advancing hydrogen deployment and trade.
Newly developed ROV duo destined for Solstad vessels passes factory acceptance testing
Norway’s Omega Subsea and Kystdesign have completed the factory acceptance test (FAT) for two newly developed remotely operated underwater vehicles (ROVs). The collaboration developed the Constructor Compact ROV, said to be a versatile, scaled-down version of Kystdesign’s Constructor model, retainin
‘World’s largest utility company’ enters Greece’s largest island interconnector
A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has purchased a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), thereby entering what is
NKT nearing finish line for its Swedish expansion project
Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion project in Alingsås, Sweden, with access to the test hall and new buildings set for next month. NKT announced it was expanding its operations in Alingsås to boost the production capacity o
Liquid Wind secures €44 million to speed up develpment of e-fuel plants
Swedish e-fuel plant developer Liquid Wind has secured €44 million in Series C financing to support the development of ten e-fuel facilities by 2027. The raise, which is said to be one of the largest funding rounds in Europe for e-fuels this year, was led by Uniper, HYCAP Fund I SCSp, and Samsung Ve
Two methanol-ready subsea rock installation vessels to enter offshore wind market in 2026
Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a newly formed partnership between The CSL Group and Offshore Wind Logistics (OWL), has placed an order for the construction of two subsea rock installation vessels that will service the offshore wind sector. The DP2 vessels will each h