Outlook & Strategy
‘Significant milestone’ as DOF performs offshore ROV mission piloted from onshore
Norway’s DOF has performed its first-ever offshore ROV mission piloted from onshore, an operation that the company sees as a significant milestone. “I’m enthusiastic about the successful implementation of ROV remote operations and the positive impact this will have on our company’s future. Going for
Project developing new floating structures for offshore renewables gets €2.5M grant
The WECHULL+ project has received a €2.5 million grant to develop new floating structures of high-performance concrete expected to reduce cost and CO2 footprint and improve circularity and reliability in the offshore renewable energy sector. The WECHULL+ project received the grant from the EU Clean
Höegh Autoliners taps VARO for biofuels supply
Ocean transportation solutions provider Höegh Autoliners and Swiss energy company VARO have formed a strategic partnership focused on the use of biofuels to advance the decarbonization of the maritime sector. The collaboration will see VARO supply Höegh Autoliners with 100% advanced biofuels for dee
Stena Line inks major deal to operate at Heysham Port until 2100
Swedish ferry and port operator Stena Line has signed a significant deal with UK port operator Peel Ports Group to operate from Heysham Port for the next 77 years until 2100.
BP and Subsea7 extend agreement from 1998
Subsea7 has secured an extension of the existing frame agreement with UK energy giant BP for subsea construction, inspection, repair and maintenance services (IRM), for assets in the North Sea. Under the terms of the two-year extension to the end of 2025, Subsea7 will provide an IRM, survey and ligh
European Investment Bank and Germany ally to replenish Green Hydrogen Fund
The European Investment Bank (EIB) has confirmed an additional German contribution to the Green Hydrogen Fund, enabling the fund to broaden its scope and supporting the international ramp-up of the hydrogen economy. The Green Hydrogen Fund, established in 2021 and implemented by EIB, will now provid
Norwegian firm reflags whole fleet of owned vessels to Norway
Norwegian seismic company PGS has reflagged the entire fleet of owned vessels to Norway, a move said to have the global geopolitical situation as a driving factor. The reflagging of the Ramform Tethys on December 5 marked the completion of the initiative to bring the entire PGS fleet of owned vessel
Zodiac Maritime, HD KSOE & partners team up on nuclear propulsion
UK-based shipping company Zodiac Maritime has teamed up with Lloyd’s Register (LR), South Korean shipbuilder HD KSOE and power plant design and engineering company KEPCO E&C in a joint development project for the research and development of nuclear-propelled ship designs. The companies have signed a
SAAM Towage’s electric tugs about to head for Canada
The first two electric tugs for SAAM Towage’s fleet, built by the Turkish shipyard Sanmar, are ready to sail from the Port of Tuzla to Vancouver, Canada, where they will join the fleet operating in that country. The Chile-based tug provider operates more than 20 tugs along Canada’s west coast at nin
Fortescue secures €200 million EU funding for green ammonia project in Norway
Australia-based green energy, technology, and metals company Fortescue has been awarded a grant of €203,7 million by the European Union for its flagship green ammonia plant in Norway, the Holmaneset Project. The EU investment in Fortescue’s project is part of the Innovation Fund, one of the world’s
Louis Dreyfus Company to install 4 eSAILs® on its chartered juice vessel
French agricultural merchant firm Louis Dreyfus Company (LDC) has entered into a deal with the Spanish developer of wind-assisted bound4blue to fit wind sail technology on a chartered juice vessel MV Atlantic Orchard. Chartered by LDC and owned by Wisby Tankers, MV Atlantic Orchard will be retrofitt
ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia
Abu Dhabi National Oil Company (ADNOC) and OCI Global have entered into a sale and purchase agreement for ADNOC to acquire OCI’s entire majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia. Headquartered in Abu Dhabi, Fertiglobe was formed as a strategic par
New Stade LNG jetty opens doors for independent energy supply in Germany
Only 330 days after starting construction, Germany’s seaport company Niedersachsen Ports has handed over a new landing pier for floating storage and regasification units (FSRUs) in Stade to operators.
TAQA eyes joining 900-kilometer European interconnector
Abu Dhabi National Energy Company PJSC (TAQA) has signed a memorandum of understanding (MoU) to explore the possibility of becoming one of the shareholders in a project to develop a 900-kilometer HVDC electricity interconnection between Greece and Cyprus. Under the terms of the MoU, TAQA will explor