Outlook & Strategy
Seanergy to pioneer Capesize hydrogen retrofit in EU funded project
Greek pure-play Capesize ship owner Seanergy Maritime Holdings Corp. has revealed that it will retrofit one of its existing Capesize vessels with hydrogen (H2) technology. The project is being bankrolled through the European Union Funded SAFeCRAFT Project Consortium. Seanergy, through its wholly-own
Deep Wind partners with Hydepoint for offshore wind hydrogen production
Norway-headquartered Deep Wind Offshore has entered into a collaboration with Hydepoint to explore offshore hydrogen production from offshore wind. EU has set a target of 200 million tons of hydrogen produced from renewable energy by 2030. The European Commission launched an action plan that could e
CMA CGM inks methanol retrofit deal with CSSC
French container shipping heavyweight CMA CGM and China State Shipbuilding Corporation’s Qingdao Beihai Shipbuilding Co. have sealed a contract for a containership methanol dual-fuel conversion project at Beihai Shipbuilding. The deal is expected to cover 9,360 TEU vessels built around a decade ago,
Accelerating innovation in maritime through startup-corporate partnerships
Startup-corporate partnerships are becoming increasingly important as the maritime sector experiences a greater demand for innovation. At the Offshore Energy Exhibition & Conference 2023, Buccaneer, a company that sources and supports startups and scaleups in the maritime, and PortXL, a B2B maritime
SSI’s research program to empower business leaders with ‘actionable insights’
The Sustainable Shipping Initiative (SSI) has launched its State of Sustainable Shipping (SoSS) program, bankrolled by Lloyd’s Register Foundation. Expanding on the Roadmap to a Sustainable Shipping Industry, the SoSS program hones in on six crucial vision areas: Oceans, Communities, People, Transpa
Masdar and CMA CGM forge green maritime fuels alliance
Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supp
ACUA Ocean joins forces with Genevos for next-gen hydrogen-powered USVs
ACUA Ocean, a manufacturer of hydrogen-powered uncrewed surface vessels (USVs), and Genevos, a hydrogen fuel cell power systems integrator, have signed a memorandum of understanding (MoU) for a commercial collaboration to develop next-generation hydrogen-powered USVs (H-USV). The strategic collabora
Eni’s CEO portrays UK as ‘primary’ investment playground for gas, renewables, and CCS pursuits
Eni’s CEO describes the UK as a top investment destination not just for natural gas but also for renewable energy, and carbon capture and storage (CCS).
After little acquisition activity in 2023, Norwegian firm gets $11.7M contract with Petrobras
Brazilian state-owned oil and gas giant Petrobras has awarded Norway’s Electromagnetic Geoservices (EMGS) with a contract worth approximately $11.7 million to deliver a multi-client survey offshore Brazil. The contract represents EMGS’ first acquisition project offshore Brazil in almost ten years. T
LR, Green Marine roll out training for methanol as marine fuel
Danish methanol-as-marine-fuel consultancy Green Marine has teamed up with Lloyd’s Register (LR) classification society on expert training for methanol handling. The training program is intended for maritime stakeholders that aim to build or retrofit and operate vessels with methanol-as-fuel technol
Wallenius Wilhelmsen lands lucrative contracts worth $1.2 billion
Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. The first multi-year shipping contract, valued at approximately $1 billion based on
Ammonia beats methanol as MSI predicts increased demand
The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol.
Scottish consortium to develop green hydrogen shore power trial with CMDC funding
A Scottish consortium of four renewable and maritime companies has secured funding from the UK Government Department for Transport (DfT) to develop a green hydrogen shore power trial project at the Port of Leith. As disclosed, the project was granted over £535,000 (around $679,000) as part of the Cl
Poor weather hits pause on construction of new UK interconnector
Offshore cable operations have been paused for the Greenlink interconnector that will link Ireland and Wales due to poor weather and for maintenance and upgrades on the construction vessel. The Greenlink Interconnector will link the southeast of Ireland, from Great Island, County Wexford to South-we