Outlook & Strategy
Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds
Compared to a Newcastlemax bulk carrier powered by conventional very low sulfur fuel oil (VLSFO) and one powered by green ammonia, a nuclear-powered Newcastlemax bulk carrier could sail longer, faster, and cheaper, without producing greenhouse gas (GHG) emissions, a new study found. Amsterdam-based
UK study maps out complex tidal flows around ‘world’s most powerful tidal turbine’
A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida
NKT begins expansion of Danish power cable factory
Denmark-headquartered power cable manufacturer and installation company NKT has begun construction to expand its cable factory in Asnaes to increase medium-voltage power cable production capacity to support growing demand across Europe. NKT held the groundbreaking ceremony for the expansion of the c
New Norwegian partnership set up to digitalize North Sea oil & gas area
Norwegian oil and gas player Aker BP and compatriot energy data and intelligence company TGS have expanded their ongoing cooperation with a strategic partnership aimed at digitalizing the Yggdrasil area in the North Sea. As part of the new agreement, Aker BP will integrate TGS’ Prediktor Data Gatewa
Marubeni and Solvang start joint operation of ammonia carrier
Japanese conglomerate Marubeni Corporation has signed a partnership agreement with Norwegian shipping company Solvang to start the joint operation of an ammonia carrier as it steps up efforts to contribute to the global low-carbon ammonia value chain. Under the partnership agreement, Marubeni and So
PGS head to take over as CEO of Geoquip Marine from 2025
Rune Olav Pedersen, the current CEO of Norway-headquartered seismic company PGS, has been appointed as CEO of Geoquip Marine, a provider of geotechnical services to the offshore energy sector, effective from January 1, 2025. Pedersen, who will be based at Geoquip’s headquarters in Switzerland, takes
Petrobras yet again taps French tubular solutions provider for Brazil’s deepwater fields
France’s tubular solutions provider Vallourec has signed what is described to be a “significant” contract with Brazil’s state-owned energy giant Petrobras for the supply of oil country tubular goods (OCTG) and accessories for the development of Sepia 2 and Atapu 2 projects in the Santos Basin offsho
Hamburg and Singapore ports bolster maritime decarbonization ties
Germany’s Hamburg Port Authority (HPA) and the Maritime and Port Authority of Singapore (MPA) have taken the next step in their partnership by signing a letter of intent (Loi) to work on accelerating maritime decarbonization, digitalization, and cybersecurity. The agreement, signed in the presence o
UK’s ‘biggest ever’ electricity transmission project enters construction
Construction has officially started on what is said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country, named Eastern Green Link 2 (EGL2). The £4.3 billion, 525kV, 2 GW HVDC subsea transmission cable will link Peterhea
Interview with Opsealog: Power of digitalization levels up vessels’ energy efficiency game as shipping regulations tighten their grip on fleets’ emissions
France’s Opsealog paints a picture of the offshore supply vessel (OSV) future rich with evolving technologies, a blossoming array of propulsion tools, and decarbonization gains.
CSSC, CMB.TECH join forces on green-fueled ships, low-carbon technologies
Qingdao Beihai Shipbuilding Heavy Industry (BSIC), part of China State Shipbuilding Corporation (CSSC) has signed a strategic cooperation agreement with CMB.TECH and held a naming ceremony for two bulkers being built for the Belgium-based shipowner.
€24M investment comes in, €80M on the table for UK’s first HVDC cable factory
UK-based XLCC, founded in 2020, has secured £20 million (almost €24 million) from the UK Infrastructure Bank (UKIB) that will be invested in the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland, with an option for a further £67 million (approximately €80.3 millio
Navigating change: FuelEU, EU ETS could propel bio- and e-methanol into the marine fuel spotlight
The EU’s FuelEU Maritime and the EU Emissions Trading System (EU ETS) could create a level playing field for bio- and e-methanol, making eco-friendly fuels economically competitive compared to fossil marine fuels, a new white paper by the trade association Methanol Institute suggests. With significa
Norway’s TECO 2030 sets sights on becoming global technology provider
Norway-based cleantech company TECO 2030 has decided to make a strategic shift from manufacturing fuel cells in Norway to positioning the company as a global technology provider by offering licensing agreements to international partners. TECO explained that this decision reflects its commitment to g