Outlook & Strategy
Bunker Holding introduces carbon insetting capability to accelerate maritime decarbonization
Denmark-based supplier of marine fuel Bunker Holding has concluded its first blockchain-powered carbon insetting operation in a new partnership with Dutch carbon insetting firm 123Carbon and French classification society Bureau Veritas.
Scottish Renewables CEO: Marine energy industry will play key role in UK energy system
The Chief Executive Officer (CEO) of Scottish Renewables has commented on the marine energy sector’s progress toward commercialization, explaining that the marine energy industry will play a key role in the UK energy system.
Under new CEO, Prysmian makes solid start to 2024
Following an “outstanding” 2023, Italian cabling giant Prysmian has made a solid start to 2024, reporting a net profit of €190 million for the first quarter of the year, compared to €187 million in the first three months of the prior year. Group sales amounted to €3,687 million, with a -5.6% organic
Bound4blue integrates Siemens digitalization tech into eSail system
Spanish automated wind-assisted propulsion system specialist bound4blue has embarked on a collaborative journey with German technology company Siemens, integrating the latter’s technology into the eSAIL system.
EverWind and Port of Rotterdam form green hydrogen alliance
North American company EverWind Fuels has partnered with the Port of Rotterdam to advance the green hydrogen supply chain.
ABL acquires compatriot energy player in bid to strengthen position in oil & gas markets
ABL Group has inked a deal to buy Norway’s Ross Offshore from Moreld Group to expand its oil, gas, and renewables portfolios.
Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book
Jan De Nul Group has started 2024 with an order book of €8.9 billion, an increase of 38% compared to last year. In its latest financial report, the Belgian company said it had far exceeded its expectations for 2023 and has been net debt-free for the tenth year in a row. In 2023, Jan De Nul reported
Orbital Marine Power partners with Global Energy Group for Orkney tidal projects
Scotland-based renewable energy company Orbital Marine Power has picked Global Energy Group as a supplier to lead the manufacture and assembly of turbines for the company’s Orkney projects which have won contracts under the UK Government’s Contract for Difference (CfD) auction rounds 4 and 5.
Record order backlog for Reach Subsea as it pursues ‘large untapped potential’ within group
Norway’s Reach Subsea has reported record financial results for the first three months of 2024 with the order backlog reaching NOK 1.3 billion (about €111.5 million), a 60% increase compared to the first quarter of 2023. Revenue for Q1 2024 was NOK 575.3 million, a 146% increase compared to NOK 234
National associations commit to advancing clean hydrogen across Europe
National hydrogen associations agreed to strengthen ties through Cooperation Charter for European Associations Advancing Clean Hydrogen.
Scan Global Logistics and Hapag-Lloyd forge biofuel partnership
Scan Global Logistics (SGL) and Hapag-Lloyd have partnered up for a multimillion-dollar ocean biofuel initiative.
‘Large’ orders for floating production systems coming soon
The floating production systems construction market remains a key bright spot in the offshore marketplace, according to Energy Maritime Associates (EMA).
Former Spirit Energy CEO takes the same role at Serica
UK’s Serica Energy has picked a new CEO to spearhead the company which has been in the hands of an Interim CEO for over three months.
Technical due diligence wraps up for what will be world’s longest HVDC subsea cable
Energy and marine consultancy ABL has completed technical due diligence for what is expected to become the world’s longest HVDC subsea cable once it connects the UK and Morocco. The Xlinks Morocco-UK power plant includes the development of a commercial-scale renewable energy project in Morocco, harn