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Outlook & Strategy

Royal Caribbean becomes latest player in maritime methane abatement initiative

Florida-based cruise holding company Royal Caribbean Group has become the latest member of Methane Abatement in Maritime Innovation Initiative (MAMII), a cross-sectoral effort aimed at eliminating methane emissions in shipping. Royal Caribbean was added to MAMII’s roster in the early days of March 2

about 1 year ago

Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.

Outlook & Strategy

Minesto targets Asian market with Swedish Energy Agency funded program

Swedish tidal energy developer Minesto has been selected to participate in the Global Innovation Accelerator (GIA), a program funded by the Swedish Energy Agency and operated with Business Sweden. According to Minesto, the initiative supports companies with an international market strategy that con

about 1 year ago

Polish shipyard starts ordering equipment for DOF's next-gen offshore support vessel

Outlook & Strategy

Polish shipbuilder starts ordering equipment for DOF’s next-gen offshore support vessel

Polish shipbuilder CRIST S.A. has awarded a number of contracts to equip a next-generation offshore support vessel (OSV) it is building for Norwegian vessel owner DOF Group, set to operate offshore Newfoundland and Labrador, Canada. Provisionally named Sea Dragon and scheduled for delivery by Q1 202

about 1 year ago

Outlook & Strategy

NKT wraps up first cable installation campaign to connect oil & gas area off Norway to shore

Denmark-headquartered power cable manufacturer and installation company NKT has completed the first installation campaign in Norway to connect an offshore oil & gas development area to shore. NKT is currently carrying out the installation of 255 kilometers of HVAC power cables to connect the Yggdras

about 1 year ago

Outlook & Strategy

Second European Hydrogen Bank auction receives 61 bids, including eight maritime projects

The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries, with eight of the bids submitted by hydrogen producers with off-takers in the maritime sector.

about 1 year ago

Outlook & Strategy

Singapore introduces new standard to ramp up methanol bunkering and support maritime transition

Singapore has launched a new standard for methanol bunkering, marking an important step towards enabling methanol bunkering at scale and cementing its position as a sustainable, multi-fuel bunkering hub.

about 1 year ago

Outlook & Strategy

AET links up with Fleetzero to develop ‘world’s longest-range’ hybrid electric vessel

AET, a petroleum arm of Malaysia’s shipowner MISC, has joined forces with modular marine batteries developer and maker Fleetzero to develop “the world’s longest-range” plug-in hybrid-electric vessel.

about 1 year ago

Outlook & Strategy

Second of three Sea1 high-end subsea vessels joins Aurora Offshore’s fleet

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the second of three high-end subsea vessels from compatriot operator Sea1 Offshore, ex-Siem Offshore. A total of 11 vessels will transfer to Aurora Offshore as a part of its collaboration

about 1 year ago

VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July

Outlook & Strategy

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago

Outlook & Strategy

CMA CGM plans to pour $20 billion into US maritime sector in next four years

French shipping and logistics major CMA CGM has decided to invest $20 billion over the next four years to strengthen the U.S. maritime transport and logistics, boosting the maritime economy and fostering shipbuilding capabilities.

about 1 year ago

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for CO2 storage in coastal areas

Outlook & Strategy

Denmark: TotalEnergies, Mitsui and CarbonCuts in the run for coastal CO2 storage permits

The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In

about 1 year ago

Outlook & Strategy

Höegh Evi and North Ammonia join forces to set up clean ammonia supply chain

Norwegian companies North Ammonia and Höegh Evi have signed an agreement to explore a clean ammonia supply chain from Norway to Europe.

about 1 year ago

Tadek Ocean Engineering Expands UK Office

Outlook & Strategy

Tadek expands UK presence, eyes offshore renewables growth

Marine engineering specialist Tadek has expanded into new UK offices as its focus on offshore wind and marine renewables sharpens. Tadek’s new offices are located in One Crown Square, Woking, near London. According to Tadek, the move comes as the company strengthens its partnerships with industry p

about 1 year ago

Outlook & Strategy

LR: LNG retrofits surge amid shipowners’ forage for immediate carbon reductions

The maritime industry has witnessed the resurgence of engine retrofits to LNG marine fuel in 2024 as shipowners’ short-term solution for immediate carbon reductions amid strengthening regulatory requirements, Lloyd’s Register (LR) found in its latest Engine Retrofit Report.

about 1 year ago