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Outlook & Strategy

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New project for turning CO2 from smelters into renewable marine fuel launched in Iceland
Outlook & Strategy

New project for turning CO2 from smelters into renewable marine fuel launched in Iceland

Supported by technology and engineering companies Siemens Energy and Mitsubishi Heavy Industries, a new project seeking to capture more than one million tons per year of CO2 that will be used to produce renewable fuel for the maritime industry has been launched in Iceland. The so-called Carbon Icela

about 1 year ago
N-Sea's fleet to expand with newbuild hybrid vessel in 2026
Outlook & Strategy
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N-Sea’s fleet to expand with newbuild hybrid vessel in 2026

The Netherlands-headquartered N-Sea is set to expand its fleet with a newbuild hybrid survey and remotely operated vehicle (ROV) support vessel scheduled for delivery in 2026. N-Sea has signed a long-term charter agreement with Mainport Shipping for the delivery of the vessel named Geo Master, which

about 1 year ago
DOF closes purchase of Maersk Supply Service, now employing 5,000 people
Outlook & Strategy

DOF closes purchase of Maersk Supply Service, now employing over 5,000 people

Norwegian vessel owner DOF Group has completed the purchase of Maersk Supply Service (MSS), now having a workforce of more than 5,000 people and operating a fleet of 78 vessels of which 65 are owned. DOF announced on July 2 that it would through the newly incorporated subsidiary DOF Offshore Holding

about 1 year ago
Acteon has partnered with Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind.
Outlook & Strategy

Acteon and Applied Fiber join forces for advanced offshore mooring solutions

Acteon, through its Moorings and Anchors business line InterMoor, has partnered with the U.S.-based Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind. The MoU is expected to see the partners

about 1 year ago
US-German project developing low-cost subsea energy storage gets $7.7M boost
Outlook & Strategy

US-German collab gets $7.7M boost for development of low-cost subsea energy storage

U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solut

about 1 year ago
McDermott's heavy-lift pipelay vessel earns ABS eco-certificate
Outlook & Strategy

McDermott’s heavy-lift pipelay vessel first in class to earn ABS eco-certificate

U.S. offshore engineering and construction firm McDermott has secured classification from the American Bureau of Shipping (ABS) for its pipelay vessel that recognizes its environmental performance, including energy efficiency, waste management, emissions reduction, and coastal ecosystem preservation

about 1 year ago
Hydrogen Canada Corp. and South Korea’s largest power company ink clean ammonia deal
Outlook & Strategy

Hydrogen Canada Corp. and South Korea’s largest power company ink clean ammonia deal

Hydrogen Canada Corp. (HCC) and Korea Southern Power (KOSPO) have signed a memorandum of understanding (MoU) to work on developing a clean ammonia production and export business in Canada. Specifically, the companies will cooperate on the development of HCC’s clean hydrogen/ammonia project which aim

about 1 year ago
ESA
Outlook & Strategy

ESA, Awake.AI, ABB and Wallenius Marine join forces on optimization of ship-port operations

A new consortium has embarked on a mission to optimize ship-port operations as part of the European Space Agency’s (ESA) flagship project Decarbonization through the Digitalization in Shipping (DECARDIS). The European Space Agency (ESA) has initiated the project together with optimization platform c

about 1 year ago
Shipbroker SSY enters LPG and ammonia markets
Outlook & Strategy

Shipbroker SSY enters LPG and ammonia markets

Independent shipbroker SSY is to enter the liquefied petroleum gas (LPG) and ammonia markets, with Thorstein Bergersen joining the company as Head of LPG, effective from November 1, 2024.

about 1 year ago
Scana's PSW Technology to stay with international rig company for two more years
Outlook & Strategy

Scana’s PSW Technology to stay with international rig company for two more years

Scana-owned PSW Technology, a Norwegian provider of services and solutions to the drilling industry, has renewed a frame agreement with what it says is an international rig company. The framework agreement includes subsea services and will commence in the first quarter of 2025, extending for a perio

about 1 year ago
Japanese consortium unveils eco-friendly methanol-powered VLCC design
Outlook & Strategy

Japanese consortium unveils eco-friendly methanol-powered VLCC design

A consortium established by Japanese maritime majors NYK, Idemitsu Tanker, IINO Lines, and Nihon Shipyard has presented a design concept for Japan’s first Malacca Max type very large crude carrier (VLCC) that can run on methanol as an alternative fuel. To remind, the consortium was formed in January

about 1 year ago
Cepsa rebrands as Moeve, reaffirms commitment to sustainability
Outlook & Strategy

Cepsa rebrands as Moeve, reaffirms commitment to sustainability

Spanish energy major Cepsa has changed its name to Moeve, marking a milestone in the company’s ongoing transformation under the 2030 Positive Motion strategy, which aims to position the company as a leader in sustainable energy and mobility.

about 1 year ago
New partnership seeks to develop ports, logistics and maritime infrastructure in Vietnam
Outlook & Strategy

New partnership seeks to develop ports, logistics and maritime infrastructure in Vietnam

Vietnam’s Vingroup JSC and Abu Dhabi-based AD Ports Group have signed a memorandum of understanding (MoU) to jointly explore developing and modernizing ports, logistics and maritime infrastructure in Vietnam.

about 1 year ago
'First-of-its-kind' methanol-ready energy subsea construction vessel starts taking shape
Outlook & Strategy

‘First-of-its-kind’ methanol-ready energy subsea construction vessel starts taking shape

Norwegian shipping company Rem Offshore has held the keel laying ceremony for what is said to be the first-of-its-kind energy subsea construction vessel (ESCV), set to perform heavy construction work in offshore wind and subsea arenas with net zero emissions. Following the initial steel cutting on J

about 1 year ago