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ABB to power NKT's high-voltage offshore cable factory in Sweden

Outlook & Strategy

ABB to power NKT’s Swedish high-voltage offshore cable factory

Denmark-headquartered power cable manufacturer and installation firm NKT has appointed ABB to electrify its high-voltage submarine power cable factory in Karlskrona, Sweden. To remind, on the back of a record order backlog and strong market outlook, NKT announced investments in a new cable-laying ve

about 1 year ago

Outlook & Strategy

CMB.TECH offloads three Suezmaxes on fleet rejuvenation quest

As part of its fleet rejuvenation agenda, Belgium-based shipowner CMB.TECH has sold three of its Suezmax tankers for nearly $120 million.

about 1 year ago

Outlook & Strategy

MOL names 32,000-ton cruise ship as it strengthens foothold in cruise business

MOL Cruises, part of Japanese shipping major Mitsui O.S.K. Lines (MOL), has named a 32,000-ton cruise ship purchased from the US-based cruise line Seabourn Cruise Line in 2023. The ceremony to mark the Mitsui Ocean Fuji’s entry into service was held at the Tokyo International Cruise Terminal on Dece

about 1 year ago

VARD delivers PSV-turned-CLV to Canadian owner

Outlook & Strategy

VARD hands over PSV-turned-CLV to Canadian owner

Norway’s VARD has delivered the cable-laying vessel (CLV) it had converted from a platform supplier (PSV) to I.T. International Telecom Marine (IT), a Canadian company active in the offshore oil & gas and energy sectors. The vessel was built at Vard Brattvaag and delivered to Volstad Maritime in 200

about 1 year ago

Outlook & Strategy

With new offshore decom roadmap in place, Australia steps up collaboration with UK

The United Kingdom and Australia have inked a partnership agreement to advance offshore oil and gas decommissioning expertise and capabilities in both countries.

about 1 year ago

Chinese company delivers submarine cable installation in the Balkans (Video)

Outlook & Strategy

Chinese firm delivers ‘historic’ submarine cable installation project in the Balkans (Video)

China’s ZTT Submarine Cable & System has delivered what it says is Croatia’s first submarine cable installation in over four decades, a project described as a historic and ESG-focused milestone as it aims to modernize the country’s energy system. For the Cortia Submarine Cable Project, ZTT delivered

about 1 year ago

Outlook & Strategy

‘Landmark’ deal to establish green hydrogen supply chain between Belgium and Oman

Collaboration between Belgium and Oman has been strengthened with a new memorandum of understanding (MoU) signed by the Belgian Hydrogen Council and Hydrom.

about 1 year ago

Outlook & Strategy

LNG as marine fuel: Fast-maturing but still in early stages, SEA-LNG found

Despite the fact that it is maturing faster than other alternative fuels, LNG and the pathway to net zero is still in its adolescence as more investment in this segment is needed, industry coalition SEA-LNG has noted. SEA-LNG highlighted that the approximately 2,200 LNG-fuelled vessels and LNG carri

about 1 year ago

Outlook & Strategy

As US steps closer to next Gulf of Mexico oil & gas round, NOIA boss urges rethink on lease sale limit

The U.S. Bureau of Ocean Energy Management (BOEM) has taken steps to set the stage for the next oil and gas leasing round to be held for offshore acreage in the Gulf of Mexico (GOM) by revealing a draft programmatic environmental impact statement (EIS) for which it is seeking public comments.

about 1 year ago

Outlook & Strategy

DNV spotlights strategies for cutting FuelEU Maritime compliance costs

While compliance with upcoming regulations will be expensive, applying certain strategies and measures can significantly reduce the cost, according to a new white paper from classification society DNV.

about 1 year ago

The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.

Outlook & Strategy

New patent validates C-Power’s ocean energy technology

The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter. According to C-Power, the patent, which stems from a customer-driven design process, validates the SeaRAY technology as a unique innovation in the ocean energ

about 1 year ago

Outlook & Strategy

Global Ship Lease to purchase four Post-Panamax ECO boxships for $274 million

London-based containership owner Global Ship Lease (GSL) has penned a deal to purchase four high-reefer ECO 9,115 TEU containerships for an aggregate purchase price of $274 million. According to London-based data provider VesselsValue, the boxships were built by the Philippines-based Hanjin Subic sh

about 1 year ago

(left to right – standing): Bernardo Xavier, operations director, Proper Marine; Guilherme Leal, engineering director, Proper Marine; (sitting) Hugo Jordao, finance & business development director, Pr

Outlook & Strategy

ABL Group to acquire Brazilian engineering firm to advance its capabilities

Norway’s ABL Group has entered into an agreement to acquire Proper Marine, a Brazilian naval architecture and engineering consultancy, with the aim of bolstering its design and engineering capabilities. According to ABL Group, the acquired company will integrate with the Norwegian company’s existin

about 1 year ago

Outlook & Strategy

HIF Global becomes Methanol Institute’s newest member

Trade association Methanol Institute (MI) has welcomed e-fuels company HIF Global as its newest member.

about 1 year ago