Outlook & Strategy
Aker BP and DeepOcean: ‘Definitely yes’ for subsea inspections using autonomous technology
Norwegian subsea services provider DeepOcean and oil and gas player Aker BP have completed subsea trials with an autonomous inspection drone (AID) at an Aker BP-operated field in the central North Sea. As part of a ten-day inspection campaign, Aker BP and DeepOcean inspected subsea trees and other s
Hy24 commits to invest €13 million in Hexagon Purus
Hy24, a clean hydrogen pure-play investment manager, will invest around €13 million into Norwegian hydrogen systems supplier Hexagon Purus. The investment is the first by Hy24’s new Clean Hydrogen Equipment Fund, focused on industrializing the supply chain to scale the clean hydrogen economy. The fu
GSI wraps up China’s 1st methanol dual-fuel tanker construction project with delivery of Stena Progressive
China’s shipbuilding major Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, has handed over the 50,000-ton methanol dual-fuel oil tanker Stena Progressive to its owner Proman Stena Bulk, the joint venture between Stena Bulk and methanol producer Proma
Regasification capacity available at Klaipeda LNG terminal
Lithuanian Klaipeda LNG terminal operator KN Energies, formerly Klaipedos Nafta, has announced that there is available unused LNG terminal capacity for booking. The company said that, having received a request from one of the terminal users regarding the planned non-utilization of LNG terminal capac
Floating solar market will be as big as onshore solar sector, says Oceans of Energy CEO
The industry needs to start shifting its focus from wind farms to energy farms as we have limited space which we need to make use of in an efficient way. A synergy of offshore wind and floating solar is the way to go. “If you only fill 20% of wind farm space with floating solar, […]
VARD to build NKT’s new cable-laying vessel
Denmark-based power cable manufacturer and installation company NKT has placed an order with Norway’s VARD for the construction of its new cable-laying vessel (CLV). In May 2023, on the back of a record order backlog and the strong market outlook, NKT announced investments in a new high-voltage fact
Clarksons forecasts 40 million CGT output for 2024-2025 after record year for car carriers
As the maritime industry charts a course for robust growth, Clarksons Shipbroking foresees a substantial increase in global shipbuilding activities, primarily driven by the growth in South Korean output. Clarksons’ estimations project a noteworthy 40 million compensated gross tonnage (CGT) output fo
United Heavy Transport, Dongbang forge strategic alliance
Germany’s maritime transport provider United Heavy Transport and South Korean transportation firm Dongbang Transport Logistics have joined forces in a new strategic alliance combining their respective strengths.
N-Sea charters fuel-efficient vessel in move to strengthen subsea offering
The Netherlands-headquartered N-Sea has chartered a hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel in a push to strengthen its offshore subsea activities. N-Sea Group entered into an agreement with Geo Plus to long-term charter the Dutch-flagged vessel Geo Ranger, w
Saverys says investing in future-proof ships makes sense now, reveals a pipeline of 120 hydrogen and ammonia-powered ships
Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen and ammonia-powered vessels to its fleet and has five hydrogen infrastructure projects worldwide in the pipeline, Alexander Saverys, the company’s chief executive, revealed in a capital markets day p
MAN ES to supply 48 dual-fuel engines to Karpowership
Engine powerhouse MAN Energy Solutions has signed a contract with Turkish powership builder and owner Karpowership for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of power plant ships. The engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output
Prep begins for Scottish subsea link’s converter station construction
Enabling work has started in Peterhead for the proposed converter station for the Eastern Green Link 2 (EGL2) subsea electricity superhighway between Scotland and England. The joint venture project between SSEN Transmission and National Grid Electricity Transmission will see around 440 kilometers of
Danish PtX equipment manufacturer expands activities globally
Danish Eltronic PtX, a manufacturer of equipment for the Power-to-X (PtX) industry, established in early 2023, is broadening activities in Denmark and the United States (U.S.). A new 3000 square meter facility is currently being planned at Eltronic’s headquarters in Denmark, with the company also pl
Italian TSO puts submarine drone for seabed surveys to test
Italian transmission system operator (TSO) Terna has launched a project in cooperation with U.S. startup Terradepth focused on testing innovative approaches to surveying the seabed for planning environmentally friendly submarine electrical connections. As part of Project Odisseo, the first test was