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Eco Wave Power has signed an agreement with I-Ke International Ocean Energy for the first sale of its wave energy unit in Taiwan.

Outlook & Strategy

First onshore wave energy project in Asia eyes 400 MW of installed capacity

Eco Wave Power, a Nasdaq-listed wave energy company, has signed an agreement with I-Ke International Ocean Energy, a subsidiary of Lian Tat, for the first sale of its wave energy unit in Taiwan, which is expected to open the doors to the Asian market for the Middle East-headquartered player. I-Ke wi

about 2 years ago

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to e

Outlook & Strategy

Norway’s deep-sea remotely operated vehicle secures funding for upgrade

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to ensure continued reliability, add new functionality, and improve operational efficiency. Since its 20

about 2 years ago

Outlook & Strategy

Finland-Estonia green shipping corridor gains momentum

The FIN-EST Green Corridor, a collaborative initiative between Finland and Estonia aimed at creating a sustainable and climate-neutral maritime corridor in the Gulf of Finland, has approved 19 joint projects that seek to reduce the carbon footprint of ferry journeys between the two countries. The in

about 2 years ago

Europe-owned vessel brings in cable from South Korea to Senegal for two links

Outlook & Strategy

European JV-owned vessel brings in cable from South Korea to two Senegalese links

A cable-laying vessel (CLV) owned by a joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has brought 31 kilometers of subsea cable to the project site of two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity t

about 2 years ago

Outlook & Strategy

Bassadone’s new shipping venture to propel Peninsula’s fleet modernization with ‘ultra-spec’ methanol-ready tankers

Hercules Tanker Management (HTM), a shipping venture formed by John A. Bassadone, founder and CEO of marine fuels company Peninsula, is expanding its fleet with four new ‘ultra-spec’ tankers capable of supplying methanol and 100% biofuel, with deliveries set to begin in the second quarter of 2025. S

about 2 years ago

Inside the University of Michigan’s Marine Hydrodynamics Laboratory, Lei Zuo, the Herbert C. Sadler Collegiate Professor of Engineering and a professor of naval architecture and marine engineering, in

Outlook & Strategy

US community-centric wave energy project secures $3.6M backing

The National Science Foundation (NSF) has awarded $3.6 million in funding to a project that aims to determine the best way to harvest wave energy for coastal communities at Beaver Island, Michigan, and Nags Head, North Carolina, in the U.S. The University of Michigan-led project aims to provide rene

about 2 years ago

Outlook & Strategy

Worley to provide pre-FEED for Uniper’s e-methanol facility in Sweden

Worley has entered into an agreement with Liquid Wind to provide pre-FEED for Uniper’s NorthStarH2 e‑methanol facility in Östersund, Sweden.

about 2 years ago

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LC

Outlook & Strategy

Proteus Marine Rewables’ tidal energy system on track to slash costs, EIB confirms

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,

about 2 years ago

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside

Outlook & Strategy

UK sets aside almost £22B for carbon capture and storage, hydrogen projects

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl

about 2 years ago

Outlook & Strategy

MOL to merge three companies into technical hub for driving maritime decarbonization

Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed the decision to merge three group subsidiaries responsible for maritime technology and engineering to form a technical hub that will aid the maritime industry on the decarbonization path. Namely, MOL Marine & Engineering (MOLMEC), MOL Oc

about 2 years ago

A view of pipes seemingly located offshore at sunset

Outlook & Strategy

Eni recommits to slashing emissions in its first methane report

Italy’s energy giant Eni has published its first report dealing with methane emissions aiming to reaffirm its promise to reduce methane slip and increase transparency.

about 2 years ago

Outlook & Strategy

Report warns ‘business as usual’ will not decarbonize UK by 2050

A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of

about 2 years ago

Outlook & Strategy

Interview with Clean Shipping Alliance: Authorities banning scrubbers have no ‘hard’ evidence of environmental harm

“To scrub, or not to scrub” has been an ongoing debate in the maritime industry, especially following the entry into force of the 2020 sulphur cap. Many ports and countries have decided to ban open-loop scrubber discharges within their territorial waters, although there are no uniform regional or gl

about 2 years ago

McDermott to deliver pipelines and cables for QatarEnergy's natural gas field expansion project

Outlook & Strategy

McDermott in charge of all offshore infrastructure for Qatar’s ‘massive’ natural gas field expansion project

U.S. offshore engineering and construction firm McDermott has secured an engineering, procurement, construction and installation (EPCI) contract for pipelines and cables with Qatar’s state-owned oil and gas company QatarEnergy for the expansion of the 1971-discovered North Field. The contract for th

about 2 years ago