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Outlook & Strategy

Potential of e-fuels in shipping decarbonization under the spotlight in EMSA’s new report

While e-fuels are seen as viable solutions to support decarbonization, they can not be expected to play a major role in the global shipping sector by 2030 due to limited expansion, the European Maritime Safety Agency (EMSA) found in its latest report exploring alternative fuels and decarbonization t

about 1 year ago

FPSO Almirante Tamandaré; Source: Petrobras

Outlook & Strategy

$111 billion investment on Petrobras’ five-year agenda

Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision.

about 1 year ago

US shipbuilder faces legal challenge over construction of first US subsea rock installation vessel

Outlook & Strategy

US shipbuilder faces legal challenge over construction of the states’ first subsea rock installation vessel

Philly Shipyard is facing legal hurdles as U.S. dredging services provider Great Lakes Dredge & Dock Company (GLDD) is seeking injunctive relief concerning the construction of what is said to be the first U.S. offshore wind subsea rock installation vessel (SRIV). GLDD ordered the vessel in 2021, wit

about 1 year ago

Outlook & Strategy

ZESTAs and TEEMO looking into development of hydrogen shipping fuel in Tanzania

The Zero Emissions Ship Technology Association (ZESTAs) and Tanzania’s Environment and Empowerment Movement (TEEMO) have signed a memorandum of understanding (MoU) to collaborate on the development of green hydrogen shipping fuel and the associated capacity building in Tanzania.

about 1 year ago

Outlook & Strategy

Hydrogen Europe and H2Chile strengthen hydrogen ties

Hydrogen Europe and the Chilean Hydrogen Association (H2 Chile) agreed to collaborate on advancing hydrogen deployment and trade.

about 1 year ago

Newly developed ROV duo destined for Solstad vessels pass factory acceptance testing

Outlook & Strategy

Newly developed ROV duo destined for Solstad vessels passes factory acceptance testing

Norway’s Omega Subsea and Kystdesign have completed the factory acceptance test (FAT) for two newly developed remotely operated underwater vehicles (ROVs). The collaboration developed the Constructor Compact ROV, said to be a versatile, scaled-down version of Kystdesign’s Constructor model, retainin

about 1 year ago

'World's largest utility company' enters Greek interconnector

Outlook & Strategy

‘World’s largest utility company’ enters Greece’s largest island interconnector

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has purchased a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), thereby entering what is

about 1 year ago

Outlook & Strategy

NKT nearing finish line for its Swedish expansion project

Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion project in Alingsås, Sweden, with access to the test hall and new buildings set for next month. NKT announced it was expanding its operations in Alingsås to boost the production capacity o

about 1 year ago

Outlook & Strategy

Hanwha all done with Singaporean FPSO player takeover

South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units.

about 1 year ago

Outlook & Strategy

South Korean submarine cable maker to launch second manufacturing facility in 2027

South Korean Taihan Cable & Solution is planning to build its second submarine cable manufacturing facility, adjacent to the first one whose first phase was launched earlier this year. Taihan opened the first phase of its first submarine cable plant which focuses on producing inter-array cables, cov

about 1 year ago

Outlook & Strategy

Liquid Wind secures €44 million to speed up develpment of e-fuel plants

Swedish e-fuel plant developer Liquid Wind has secured €44 million in Series C financing to support the development of ten e-fuel facilities by 2027. The raise, which is said to be one of the largest funding rounds in Europe for e-fuels this year, was led by Uniper, HYCAP Fund I SCSp, and Samsung Ve

about 1 year ago

Outlook & Strategy

Two methanol-ready subsea rock installation vessels to enter offshore wind market in 2026

Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a newly formed partnership between The CSL Group and Offshore Wind Logistics (OWL), has placed an order for the construction of two subsea rock installation vessels that will service the offshore wind sector. The DP2 vessels will each h

about 1 year ago

Outlook & Strategy

Europe likely to miss its 2030 renewable hydrogen targets, ACER says

Hydrogen projects face risks from uncertainties of future hydrogen demand and high costs, and the EU is likely to miss the 2030 strategic goal of 20 Mt renewable hydrogen consumption, according to a hydrogen monitoring report from the European Union Agency for the Cooperation of Energy Regulators (A

about 1 year ago

Outlook & Strategy

DFDS: Turkish logistics acquisition reaches completion

Danish ferry and logistics company DFDS has completed the acquisition of the international transport network of Ekol Logistics, headquartered in Türkiye’s capital city of Istanbul. As disclosed, DFDS purchased the Turkish logistics player for a debt-free price of DKK 1.8 billion (about €240 million)

about 1 year ago