Outlook & Strategy
Chinese cabling giant buys into two UK companies, enters Morocco-UK power project
Chinese power cable specialist Orient Cable (NBO) is entering the Morocco-UK Power Project with the acquisition of a stake in the company behind the multi-technology renewable energy project. Xlinks First Limited announced it had entered into a share subscription agreement for the placement of commo
Wilhelmshaven hydrogen initiative welcomes first North American partner
Canadian renewable energy company World Energy GH2 has joined Port of Wilhelmshaven’s ENERGY HUB, an initiative that aims to position Wilhelmshaven as the ‘Hydrogen Valley of Germany’, as the first North American member. On 26 January, World Energy GH2 announced it had officially become a member of
Solstad completes refinancing
Solstad Shipholding, part of Norway’s Solstad Offshore (SOFF), has completed refinancing which is expected to create a robust industrial platform going forward. The completed refinancing includes equity contributions to Solstad Maritime Holding (SMH) of NOK 4 billion (around $384.2 million) in total
Lhyfe’s offshore hydrogen production pilot aces trials
French hydrogen producer Lhyfe has shared operating results from its Sealhyfe project, also known as the world’s first offshore hydrogen production pilot which returned to dock in November 2023, confirming that the initial objectives were met. Lhyfe launched the Sealhyfe project, equipped with a 1 M
Wind-assisted propulsion developers win big in latest CMDC funding round
Wind-assisted propulsion developers in the UK have secured major victories in the latest round of the Clean Maritime Demonstration Competition (CMDC), which has assigned £33 million (€38.6 million) for new technologies to 33 projects across all twelve regions of the UK. Leading the charge is GT Gree
Maersk names world’s 1st large methanol-powered containership
History was made at HD Hyundai Heavy Industries (HD HHI) in Ulsan, South Korea as the world’s first large methanol-enabled container vessel was named. The 16,000 TEU containership was named Ane Maersk after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. A
Methanol engines ordered for world’s largest cable-laying vessel
Jan De Nul has signed an agreement with ABC Engines for the delivery of methanol marine engines for what is said to be the world’s largest cable-laying vessel (CLV). Jan De Nul has placed an order for four 7,200 kW engines and one 1,800 kW engine that can run on (bio)diesel, HVO and methanol with [&
Solstad places order for six more ROVs for its fleet
Norway’s Solstad Offshore has placed an order with compatriot Omega Subsea Robotics for the delivery of six additional remotely operated vehicle (ROV) systems that will be integrated onboard its selected vessels this year. With six ROV systems already in place, this order doubles Solstad and Omega S
Ports of Stockholm set to apply for EU funding
Ports of Stockholm has been given the green light from the Swedish Government to apply for EU funding for three sustainability initiatives. The major focus of the projects is the development of the electricity infrastructure, in support of the transition to greener shipping by lowering quayside air
UK awards €38.6 million to develop green technologies for ports and ships
The UK Government has allocated £33 million (€38.6 million) for new technologies to 33 projects across all twelve regions of the UK to deliver demonstrations, factory trials, and feasibility studies. The funding awarded through the Clean Maritime Demonstration Competition (CMDC) totals now £128 mill
Mabanaft to supply TUI Cruises ships with green methanol in Northern Germany
Hamburg-based energy company Mabanaft has signed a Memorandum of Understanding (MoU) with compatriot cruise company TUI Cruises to supply green methanol in the future.
Highest level of UK coastguard approval for latest autonomous vessel to join Fugro’s fleet
Fugro has expanded its uncrewed surface vessel (USV) fleet with the addition of a new Blue Essence vessel which has received the highest level of UK coastguard approval. Fugro Vaquita has joined Fugro’s 12-meter Blue Essence USV fleet and has earned Category 0 approval from the UK Maritime Coastguar
Italy welcomes hydrogen refuelling infrastructure for recreational boating
A €100 million green hydrogen refuelling infrastructure for recreational boating, a project led by NatPower H, part of the NatPower group, is set to see its first station installed in Italy by the summer of 2024. According to NatPower H, the project, which aims to install a total of 100 refuelling s
ESL Shipping has a robust plan to achieve net zero by 2040
Finland-based shipping company ESL Shipping has joined the Science Based Targets initiative (SBTi), committing to setting both near-term and long-term science-based emission reduction targets aligned with the goal of limiting global warming to 1.5°C above pre-industrial levels. In 2021, ESL Shipping