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Outlook & Strategy

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WATCH: First of three Agalas subsea vessels launches in Türkiye
Outlook & Strategy

WATCH: First of three Agalas subsea vessels launches in Türkiye

A new 100-meter-long cable laying support vessel (CLSV) being built at the Sefine Shipyard for Norwegian Agalas and Cecon Contracting has been launched in Türkiye. Agalas reported yesterday, April 3, that the first of its three subsea vessels had been launched in Türkiye, with a few intense months a

about 1 year ago
VARD building 121-meter Taiwan-bound subsea construction vessel
Outlook & Strategy

VARD building 121-meter Taiwan-bound subsea construction vessel

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Norway’s VARD has signed a €113.5 million contract with Taiwan-based Dong Fang Offshore (DFO) to design and build an offshore subsea construction vessel that will be dedicated to performing work in the offshore wind and telecom sectors, with the contract also including options. The 121.3-meter-long

about 1 year ago
Crantz steps down as Argeo’s CEO, interim appointed
Outlook & Strategy

Crantz steps down as Argeo’s CEO, interim appointed

Norwegian subsea services provider Argeo has appointed an interim chief executive officer (CEO) as the current CEO Trond F. Crantz has stepped down from the role. Argeo’s Board of Directors yesterday, April 3, appointed Jan P. Grimnes to serve as interim CEO of the company following the decision tha

about 1 year ago
CETO will be deployed at a site between SAITEC’s DemoSATHoffshore wind turbine (back left) and Tecnalia’s HarshLab (front right).
Outlook & Strategy

Carnegie Clean Energy locks in €600K contract for CETO wave tech deployment in Spain

Australia’s wave energy developer Carnegie Clean Energy has secured a contract with the Biscay Marine Energy Platform (BiMEP) to install and test its CETO wave energy technology in Spain. The agreement, signed by Carnegie’s subsidiaries CETO Wave Energy Ireland and Carnegie Technologies Spain, final

about 1 year ago
A rig offshore
Outlook & Strategy

Australia’s gas supply secure for next quarter amid industry commitments

The Australian Government has decided not to activate the mechanism to secure additional quantities of liquefied natural gas (LNG) for 3Q 2025 as it feels confident that the current volumes are sufficient to cover the forecasted demand.

about 1 year ago
UK and Australia forge alliance to drive subsea growth in both hemispheres
Outlook & Strategy

UK and Australia forge alliance to drive subsea growth in both hemispheres

UK’s trade and development body for the underwater industry Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA), a membership organization of companies in the Australian subsea industry, have signed a memorandum of understanding (MoU) to foster innovation, collaboration and gr

about 1 year ago
Fincantieri
Outlook & Strategy

Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix

Italy’s energy company Eni, compatriot shipbuilder Fincantieri, and classification society RINA have unveiled a new study that aims to contribute to accelerating the decarbonization of the maritime transport sector, in line with the net zero target for 2050.

about 1 year ago
NYK bolsters LPG carrier business with new subsidiary up and running
Outlook & Strategy

NYK bolsters LPG carrier business with new subsidiary up and running

NYK Energy Ocean (NEO), a newly established subsidiary of Japanese shipping company NYK focused on operating LPG carriers, chemical and product tankers, and cargo ships, has officially commenced operations.

about 1 year ago
Kraken wraps up $17 million purchase of US underwater LiDAR technology company
Outlook & Strategy

Kraken wraps up $17 million purchase of US underwater LiDAR technology company

Canada-headquartered marine technology player Kraken Robotics has completed the acquisition of 3D at Depth, a subsea technology and services company specializing in high-resolution LiDAR imaging and measurements. Kraken Robotics announced on March 13 that it had, through a subsidiary, signed a defin

about 1 year ago
SAAM Towage
Outlook & Strategy

SAAM Towage, Caterpillar Marine team up to boost electrification and green fuels uptake

Chilean towage services provider SAAM Towage and Texas-based Caterpillar Marine have signed a memorandum of understanding (MOU) to evaluate and implement alternative power solutions to diesel, including electrification and alternative fuels such as methanol and ethanol, for the tug fleet.

about 1 year ago
Kongsberg Maritime to equip DOF’s next-gen offshore support vessel
Outlook & Strategy

Kongsberg Maritime to equip DOF’s next-gen offshore support vessel

Kongsberg Maritime has secured a contract to deliver an integrated package of equipment for a new offshore support vessel (OSV) that Polish shipbuilder CRIST S.A. is constructing for Norwegian vessel owner DOF Group. Designed by MMC Ship Design, the 110-meter long DP3 ice-class vessel named Sea Drag

about 1 year ago
CorPower Ocean has entered a development agreement with UK-based industrial technology company Equipmake to advance its wave energy technology
Outlook & Strategy

CorPower Ocean taps Equipmake for wave energy system upgrade

Swedish wave energy developer CorPower Ocean has signed a development agreement with UK-based industrial technology company Equipmake to advance its wave energy technology with a custom generator and silicon carbide (SiC) inverter system. According to CorPower Ocean, the collaboration marks the init

about 1 year ago
A.P. Moller Holding wants to take Svitzer private again
Outlook & Strategy

A.P. Moller Holding wants to take Svitzer private again

Danish investment company A.P. Moller Holding, the largest shareholder in towage services provider Svitzer, has decided to buy out all of the latter’s shares, moving it from a public company to a private one. A.P. Moller Holding has, through its wholly owned subsidiary APMH Invest, unveiled a recomm

about 1 year ago
SRC looking to expand global reach with new partner on board
Outlook & Strategy

SRC looking to expand global reach with new partner on board

Marine and offshore solutions provider SRC Group has formed a partnership with Singapore-based engineering company SLR Synergies to expand its global footprint.

about 1 year ago