Outlook & Strategy

Lack of digital processes in shipping complicates decarbonization game
There is a potential for significant carbon reductions through the adoption of digital processes in the shipping sector, a new study published by Global Shipping Business Network (GSBN) highlights.

MOL Group opens 10 MW green hydrogen plant in Hungary
MOL Group has inaugurated a 10 MW green hydrogen plant in Százhalombatta, Hungary, to reduce the carbon footprint of the Danube Refinery.

Bakker Sliedrecht integrates energy storage systems on Boskalis’ diving support vessels
“We managed to limit the out-of-service time of these vessels, from arrival of the vessels up to completed sea trials and class approval, to less than 2 months for the whole ESS implementation,” said Andy Waterstreet, Project Director at Bakker Sliedrecht.

Project dedicated to novel composite materials for tidal turbine blades backed with €500k
The Sustainable Energy Authority of Ireland (SEAI) has allocated just under €500,000 in funding for a project that aims to generate test data on novel composite materials used in tidal turbine blades. The consortium behind the Detailed Material Performance Characterisation and Data Generation for Ti

New partnership looking into 100 MW hydrogen production in Sicily
Axpo has signed a cooperation agreement with ENEGO to study the feasibility of a 100 MW green hydrogen plant in Sicily, Italy.

Viking Line advancing towards sustainable future
Finnish shipping company Viking Line implemented several sustainability measures in 2023. Thanks to them, it was named ‘the most sustainable company’ in service between Finland and Sweden for the second time in a row.

Finland’s organizations to work on hydrogen storage research project
VTT, GTK and industrial partner organizations have launched a research project Hydrogen UnderGround (HUG) focused on underground storage of hydrogen.

International agreement targets development of electric thrusters for ROVs
Forum Energy Technologies (FET) has executed a memorandum of understanding (MoU) with a UAE-based underwater inspections provider to collaborate on the development of electric thrusters for remotely operated vehicles (ROVs). The MoU was signed by FET’s Subsea Technologies product line and SAFEEN Sur

Two companies to test green hydrogen and circularity projects at Port of Antwerp-Bruges
Two companies signed up to demonstrate green hydrogen and circularity projects at the Port of Antwerp-Bruges as part of the innovation hub.

Umbilical manufacturer taps CRP Subsea for ‘large’ Australian field
UK-headquartered CRP Subsea has won a contract with what is described as a “leading global umbilical manufacturer” to supply distributed buoyancy modules (DBMs) to a large gas field in the Indian Ocean, offshore Western Australia.

Indonesia’s first marine floating solar power plant prototype launched
The first marine floating solar power plant prototype in Indonesia, Solar2Wave, has been launched, backed by funding from Innovative UK.

Six North Sea countries put subsea infrastructure security high on the agenda with joint declaration
Six North Sea countries have signed a joint declaration to cooperate on the protection of critical underwater energy and telecommunication infrastructure in the North Sea. At the North Sea Summit held in April 2023, national security advisers from nine countries met to discuss better cooperation on

Scottish subsea surveys provider gets on board US carbon capture and storage project
Scottish subsea surveys and inspections provider Sulmara has been appointed to deliver an offshore geophysical survey for a carbon capture and storage project (CCS) in the U.S. Sulmara was commissioned by Bayou Bend CCS, a joint venture of Chevron, Talos Energy and Equinor, to conduct an archaeologi

Hapag-Lloyd, Titan, and STX in ‘largest’ ship-to-ship bio-LNG bunkering operation
Titan Clean Fuels and STX Group have conducted ‘the largest ship-to-ship delivery of bio-LNG’ to Hapag-Lloyd’s container ship in Rotterdam.